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11,413 comment(s). Last comment by John1234 at Oct 15, 2021 8:07 PM
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John1234
1899 posts

Posted by John1234 > Oct 12, 2021 10:05 AM | Report Abuse

This morning, big4 got attacked by operators and shorties again. They are good at exploiting on the weak market sentiments to whack down prices.

Got to see whether Rubberex's SBB forces will shift their buyback prices..


John1234
1899 posts

Posted by John1234 > Oct 13, 2021 8:21 AM | Report Abuse

SBB was triggered yesterday when Rubberex's share price hit 58 sen yesterday.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3200173


John1234
1899 posts

Posted by John1234 > Oct 13, 2021 8:23 AM | Report Abuse

Windfall tax bill passed by MPs; MoF says no plans to impose levy on glove companies
https://www.theedgemarkets.com/article/dewan-rakyat-passes-amendments-windfall-profit-levy-act


John1234
1899 posts

Posted by John1234 > Oct 13, 2021 10:30 AM | Report Abuse

Now, I am watching interestingly how the Hartalega operator is making shorties buy back their shorts higher. Lol.
================================================================
John1234 Windfall tax bill passed by MPs; MoF says no plans to impose levy on glove companies
13/10/2021 8:23 AM


John1234
1899 posts

Posted by John1234 > Oct 13, 2021 11:42 AM | Report Abuse

Will rising fuel costs creep into local electricity tariffs?
https://www.theedgemarkets.com/article/will-rising-fuel-costs-creep-local-electricity-tariffs

After the Covid-19 slump in economic activities, now the bigger market risk is the higher energy cost, which the recovering world economy is expected to embrace it.
Higher energy cost, plus supply chain shortages, would inevitably cause all production costs(including raw material costs) to go up.

In this sense, we can hardly expect glove prices to fall back to pre-Covid level.


John1234
1899 posts

Posted by John1234 > Oct 13, 2021 2:25 PM | Report Abuse

IMF warns on inflation, says the Fed and others should be prepared to tighten policy. Fed officials have stated that the primary weapon to fight inflation is hiking interest rates.

When interest rates go up, bank counters will benefit the most. That is why bank counters are always regarded as a longer-term hold, not only for their good dividend payments, but also for potential capital gains.

Companies that are highly geared will be the hardest hit in a rising interest environment.


John1234
1899 posts

Posted by John1234 > Oct 14, 2021 2:21 PM | Report Abuse

This morning, we saw a big selldown for Opcom. The operator decided to push the price down after selling out a big chunk of it at a good price.

I do not think Eddie was behind the "goreng". But Opcom operator just rode on Eddie's stake buy to goreng up the counter. Nevertheless, greedy punters got caught by this sudden move down.
=========================================================================
Kingbeast Eddie goreng Opcom but why not Ruberex?
08/10/2021 12:52 PM


John1234
1899 posts

Posted by John1234 > Oct 14, 2021 4:36 PM | Report Abuse

Cold keeps China coal prices high, power crunch stokes factory inflation
https://www.theedgemarkets.com/article/cold-keeps-china-coal-prices-high-power-crunch-stokes-factory-inflation


John1234
1899 posts

Posted by John1234 > Oct 15, 2021 9:02 AM | Report Abuse

Market would be keenly waiting for a clearer cue from the release of Kossan and Hartalega results in end Oct/early Nov.

Strangely enough, these are the 2 counters that had enjoyed more play by the operators in the last few days. Funny right - why only played up more of these 2 counters, out of the big4?
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Rubberex's share price would be range-bound for the moment, until a new catalyst(either positive or negative) emerges.
08/10/2021 10:48 AM


John1234
1899 posts

Posted by John1234 > Oct 15, 2021 12:43 PM | Report Abuse

I can see that the Rubberex operator is really in a fix, churning only a traded vol of 272,200 shares as at end of morning session today, the lowest in years.

To push up, no obvious reason, but to push down, could trigger SBB? A real headache for the operator!


Sneakpeek
1907 posts

Posted by Sneakpeek > Oct 15, 2021 3:00 PM | Report Abuse

My 3rd eye predict will stay sideways for while follow by sudden drop.


vcinvestor
207 posts

Posted by vcinvestor > Oct 15, 2021 3:01 PM | Report Abuse

isn't "third eye" slang for the slit on the penis?


John1234
1899 posts

Posted by John1234 > Oct 15, 2021 8:07 PM | Report Abuse

Promising outlook for luxury retail prompts Luxasia expansion in Malaysia.

Singapore-based Luxasia will open an Escentials store in Suria KLCC, Kuala Lumpur, next month to take advantage of lower rents at prime locations.

Luxasia, the leading omnichannel distributor and retailer of luxury beauty in Asia-Pacific, plans to commence operations at a time when the economy is picking up and retail is on an upward trend, after months of movement restrictions, owing to the Covid-19 pandemic.

More luxury and international brands are likely to follow suit in the months ahead to grab a small piece of the large reopening trades pie at various prime locations in Malaysia.
https://www.theedgemarkets.com/article/promising-outlook-luxury-retail-prompts-luxasia-expansion-malaysia

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