KLSE: GOLDETF (0828EA)       GOLDETF ETF : Commodity
Last Price Today's Change   Day's Range   Trading Volume
1.99   0.00 (0.00%)  0.00 - 0.00  0
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Market Cap: 57 Million
NOSH: 27 Million
Avg Volume (4 weeks):15,335
4 Weeks Range:1.96 - 2.025
4 Weeks Price Volatility (%):
52 Weeks Range:1.70 - 2.14
52 Weeks Price Volatility (%):
Average Price Target: 1.70
Price Target Upside/Downside: -0.29

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  27-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  27-Nov-2019
T4Q P/E | EY: 21.44  |  4.67%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.9056  |  1.10
T4Q NP Margin | ROE: 80.90%  |  5.14%


Date Subject
06-Sep-2019 ETF Watch - TradePlus Shariah Gold Tracker
12-Mar-2019 ETF Watch - TradePlus Shariah Gold Tracker (BUY)
12-Feb-2019 ETF Watch – Tradeplus Shariah Gold Tracker
04-Feb-2019 ETF Watch – TradePlus Shariah Gold Tracker (BUY, Upgrade)
04-Feb-2019 ETF Watch - TradePlus Shariah Gold Tracker

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


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