KLSE: GOLDETF (0828EA)       GOLDETF ETF : Commodity
Last Price Today's Change   Day's Range   Trading Volume
2.51   +0.02 (0.80%)  2.50 - 2.51  28,300
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Market Cap: 46 Million
NOSH: 17 Million
Avg Volume (4 weeks):54,661
4 Weeks Range:2.49 - 2.70
4 Weeks Price Volatility (%):
52 Weeks Range:1.95 - 2.82
52 Weeks Price Volatility (%):
Average Price Target: 2.30
Price Target Upside/Downside: -0.21

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#2]  |  27-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  27-Nov-2020
T4Q P/E | EY: 2.97  |  33.69%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 2.4479  |  1.08
T4Q NP Margin | ROE: 94.62%  |  36.47%


Date Subject
10-Mar-2020 Tradeplus Shariah Gold Tracker (GOLDETF, 0828EA)
06-Mar-2020 ETF - Still Some Upside to Gold Prices in 2020
06-Mar-2020 ETF Watch – Still Some Upside to Gold Prices in 2020

Business Background

Analyze this stock with MQ Trader system

  Samtuckfatt likes this.
luckyparit anybody know about GoldETF?
18/12/2017 10:03 AM
gforce2 http://www.thesundaily.my/news/2017/12/06/affin-hwang-am-launches-malaysias-first-syariah-compliant-commodity-etf

It's the first commodity ETF to be listed in Malaysia, backed by physical investments in gold bullion/bars. Previously, if you wanted to invest in gold, you would have had to find alternative means: e.g. Banks' Gold Accounts, Gold Bullion/Coins, other Gold ETFs listed in Singapore/USA, Gold/Metals-Focused Unit Trusts. etc. Each of the above have their own pros & cons.

Theoretically, GOLDETF should track the global Gold Price. Remember, this is priced in USD, and given that the ringgit has been strengthening the last few months, it may not perform as well as expected, even with a rising gold price. Gold does not yield any interest/dividends, and there are annual holding costs (in the case of GOLDETF, it's less than 0.77% p.a.)

Some possible reasons to invest in GOLDETF:
1. Political uncertainties with the upcoming GE14.
2. Global turmoil / recession / stock crash
3. Option for physical gold redemption (5kg minimum ~ RM877k at current prices)
4. Diversification

Looking at the stock price data, there's limited volumes, probably created via Affin Hwang's UT funds. Not suitable for day traders, but might be suitable as an alternative investment idea for goldbugs.
12/01/2018 8:55 PM
Boost Hi gforce2,

"ringgit has been strengthening the last few months, it may not perform as well as expected"
What do you mean? Ringgit strengthening should be better right?
22/01/2018 7:08 PM
gforce2 Boost > what I mean is, in ringgit terms, you might not see as good a return compared to Gold in terms of USD. Here are some figures to back this up:

26 Dec 2017 Gold Price: USD1282.10 per oz (MYR5234.61/oz)
26 Jan 2018 Gold Price: USD1353.82 per oz (MYR5239.96/oz)
Up ~5.5% in USD terms, but only up 0.1% in terms of MYR!

The recent BNM rate hike to 3.25% also makes gold less attractive in the short run.
27/01/2018 2:48 AM
Shinnzaii wew...global economic continue struggle and trade war truce...gold not bad...hehe
13/08/2019 8:56 AM
TradeplusETF SINGAPORE (20): Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying that accumulating bullion will reap rewards over the long term as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets.

“Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up,” Mobius, who set up Mobius Capital Partners LLP last year after three decades at Franklin Templeton Investments, told Bloomberg TV. He added: “I think you have to be buying at any level, frankly.”

Gold hit a six-year high this month on prospects for easier monetary policy from the Federal Reserve and other central banks to support growth that’s been impacted by the prolonged trade war between the US and China. With the US Treasury market signaling that a recession may be on the horizon, investors have been swarming into bullion-backed exchange-traded funds.

“With the efforts by the central banks to lower interest rates, they’re going to be printing like crazy,” said Mobius, who recommends allocating about 10% of a portfolio to physical bullion. In the interview on Tuesday, he didn’t spell out a price target for gold in his on-air remarks.

The increasing role of digital currencies such as Bitcoin has spurred a debate in the precious metals market both about their intrinsic worth, and whether their rising popularity will detract from traditional haven gold. For Mobius, their advent will actually boost bullion consumption.

“You have all these currencies, new currencies coming into play,” he said. “I call them ‘psycho currencies,’ because it’s a matter of faith whether you believe in Bitcoin or any of the other cyber-currencies. I think with the rise of that, there’s going to be a demand for real, hard assets, and that includes gold.”

Spot gold — which hit US$1,535.11 an ounce on Aug 13, the highest since 2013 — traded at US$1,498.47 on Tuesday, and is up 17% this year. Mobius correctly predicted in early July that prices would top US$1,500.

As signs of a global slowdown emerge, central banks have boosted accommodation. The Fed cut interest rates last month for the first time in more than a decade, while the authorities in China have delivered targeted support.

“I think we are going to see lower rates in China and elsewhere,” Mobius said.

Source: The Edge, Bloomberg
21/08/2019 10:24 AM
Shinnzaii Hmm...Gold price chart up trending from July-Dec19...next QR should be good...
03/01/2020 10:23 AM
paperplane https://www.zerohedge.com/personal-finance/wake-you-fkin-morons-billionaire-blasts-snowflakes-eye-biggest-mother-fking-storm
22/02/2020 9:23 AM
paperplane Gold is confirm going towards 2000.its now or never, wealth transformation time my friend. Once if your lifetime
22/02/2020 9:24 AM
BullRUN2021 Time to buy sum gold?
24/03/2020 11:04 PM
katappa this one green the trend repeating, green light
24/07/2020 10:07 AM
ryan_och Normal trading account cant buy. How to buy this?
28/07/2020 12:42 PM
TradeplusETF can buy.. just need to contact your broker cos it requires cash upfront. They need to check if your account has sufficient cash before buying.
28/07/2020 9:08 PM
Stockiss GOLD RUSH Mission is starting real soon, this could be the last chance to get entry before chasing the bull tail and catching at high price. Targeting return of upto 80% in days and several folds in weeks. Read up the technical analysis on my blog.

Click on my NICK to get the link at my profile.
09/08/2020 4:37 PM
masterus Iran shows off new ballistic, cruise missiles as US tensions rise
Tehran routinely unveils technological achievements for its armed forces, space programme, and its nuclear efforts.
21/08/2020 4:20 PM
masterus US, China sea tensions hot and getting hotter
US ramps up shows of naval force in China-claimed waters in what increasingly looks like the prelude to an armed conflict
AUGUST 20, 2020
21/08/2020 4:21 PM
masterus Huawei suffers under US pressure
21/08/2020 4:23 PM
masterus China issues stark warning over US destroyer in South China Sea - 'Threat to peace'
21/08/2020 4:25 PM
masterus How miscommunication and selfishness hampered America’s COVID-19 response
21/08/2020 4:27 PM
Mars GOLD up... https://goldprice.org/
27/08/2020 6:07 AM
masterus August 25 Portland protests
Portland protests continued for the 90th consecutive night as a group of demonstrators marched to City Hall downtown. Some members of the group graffitied the rotunda, smashed a door switch and broke the glass in some interior doors before an unlawful assembly was declared around 10 p.m. on Tuesday, Aug. 25, 2020. The gathering was later declared a riot by police. Dave Killen/Staff
27/08/2020 7:23 AM
masterus By Mark Guarino, Mark Berman, Jaclyn Peiser and Griff Witte
August 26, 2020 at 5:28 PM EDT
KENOSHA, Wis. — Authorities on Wednesday said a 17-year-old had been charged with homicide after two people were killed and another seriously wounded by gunfire during overnight protests over the police shooting of Jacob Blake Jr.
27/08/2020 7:25 AM
masterus Fox Business

CHINAPublished August 26, 2020
China, US tensions raise Taiwan conflict fears: 'Polishing the gun'
This week China complained a U.S. spy plane had observed Chinese live-fire exercises
27/08/2020 7:30 AM
masterus Gold now RM261 per gram above
27/08/2020 7:32 AM
masterus U.S. Blasts HSBC for Siding With China Over Hong Kong
27/08/2020 1:55 PM
masterus US-China relations
Mike Pompeo renews attack on HSBC as bank walks line between US and China
27/08/2020 1:57 PM
masterus https://www.washingtonpost.com/nation/2020/08/26/jacob-blake-kenosha-police-protests/
28/08/2020 7:02 AM
masterus BEIJING, Sept 8 — China has put its homegrown coronavirus vaccines on display for the first time, as the country where the contagion was discovered looks to shape the narrative surrounding the pandemic.

A Sinovac representative told AFP his firm has already “completed the construction of a vaccine factory” able to produce 300 million doses a year.

China's nationalistic tabloid Global Times reported last month that “the price of the vaccines will not be high.”

Every two doses should cost below 1,000 yuan (RM606), the report said, citing Sinopharm's chairman, who told media he has already been injected with one of the candidate vaccines.

China's official Xinhua news agency reported yesterday that another vaccine candidate, developed by Chinese military scientists, can deal with mutations in the coronavirus.
08/09/2020 8:03 AM
masterus The Nigerian government is now championing gold mining as it seeks to become less dependent on oil exports.
17/09/2020 10:57 AM
masterus Gold dropped to RM253 per gram
22/09/2020 7:08 AM
masterus Program subsidies upah and bank moratorium will end this month.
22/09/2020 7:05 PM
masterus Gold price dropped to RM246 per gram. Kapal karam
24/09/2020 6:40 AM
masterus Gold Price Analysis: Elliott Wave downside targets point to the $1767 area
NEWS | Sep 23, 16:31 GMT | By Rajan Dhall, MSTA
24/09/2020 9:26 AM
masterus FX Empire
U.S. Dollar Index (DX) Futures Technical Analysis – Upside Target 94.770; Downside Target Moves Up to 93.530
James Hyerczyk
24/09/2020 9:28 AM
masterus TOKYO (Sept 24): The dollar held onto gains against most currencies on Thursday as signs of an economic slowdown in Europe and in the United States revived concerns about the fallout from a second wave of coronavirus infections.

The euro, already hit by worries about a return to severe lockdown restrictions, faces an additional hurdle later on Thursday with the release of data on German business sentiment.

The dollar is likely to continue to rise as another spike in coronavirus cases in Europe boosts its safe-haven appeal, while Federal Reserve policymakers called on the U.S. government to provide more fiscal support.
24/09/2020 1:15 PM

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