The once sleeping bull is finally awaking?

Uncle Koon just conned OTB and you all, he already sold all his Top Glove shares

Second half of today will have bombastic trading volume

Some people keep pressing it... Maybe to make the candles look bad?

1st trading hour already traded RM1.7 billion

If today can close above 8.53, it is a reversal signal

Bursa about to test 8.40 resistance

Limit up coming soon

Supermx also share buy back...

EPF normally support by queuing at the buy side during market drop, rarely proactively buy from sell queue, except this morning one shot 1000 lots at RM 8.6. However, EPF wrongly judged the market sentiment this morning

Limit down today?

Private placement again... Good luck

Turns out EPF has been defending bursa many days in a row, respect

Today traded RM4.9b, good news for bursa

Today broke the horizontal line of descending triangle, long term (since bottom in March) up trend support line and MA 50 all at once, along with higher trading volume

Those institutional fund managers really know how to pull up Tenaga and Maybank last minute to make index looks good....

Here is the chart: https://i.imgur.com/xofxgcM.png

Let's look at the chart:
1) The chart shows it is approaching the end of descending triangle and the support is strong.
2) The stock price is currently near the long term (since bottom in March) up trend support line, it is also a strong support.
3) At the exact support line of short-term descending triangle and the long term up trend support line, the 50 days moving average is also around the same price range (around RM 9.2 - 9.3).
4) With good earnings outlooks, it is less likely to break the support lines and MA50.
5) Conclusion: There may be an upthrust in tomorrow or the day after. Hold tight and enjoy the ride.

Just my two cents.

CIMB’s warrant market maker are too proactive... Good for liquidity but can be bad during time like this

Some fund manager of EPF keep taking profit and press down the price... So that they can distribute dividend this year

Mercator WA, a polish glove and medical supplies company is about to release their latest QR, their stock price is up nearly 8% now despite what happened to Malaysian and SG glove stocks. Good sign for tomorrow?

Mercator WA, a polish glove and medical supplies company is about to release their latest QR, their stock price is up nearly 8% now despite what happened to Malaysian and SG glove stocks. Good sign for tomorrow?

Not bad for a day with such horrible market sentiment

It seems like someone is pressing down the price yet support the price promptly from time to time. To collect more?

Post removed.Why?

Thats why all people rushed to sell it just now, from buy queue of 35000 lots to sell queue of 35000 lots, because the price will adjust down on Tuesday

It is MSCI index fund rebalancing, the price will go back down next Tuesday, try to search for stocks that have last minutes shot up during MSCI cut-off date last time

It is common during MSCI cut-off date for stock to jump up and down with high volume. For me, I think it will adjust back to around 21.50 next Tuesday

Holy shit...

Let us look at two academic/empirical studies...

"Do emerging market stocks benefit from index inclusion?" by Burcu Hacibedel and Jos van Bommel. Available at: https://core.ac.uk/download/pdf/6301308.pdf

and

"The relationship between stock performance and their inclusion to or exclusion from the MSCI or S&P 500 - An event study for listed firms in Europe and US" by Jeroen Reuling. Available at: http://arno.uvt.nl/show.cgi?fid=141801

The findings are:
1) Pre-MSCI inclusion, stocks have higher abnormal returns
2) Post-MSCI inclusion, stocks have near 0 abnormal returns or negative abnormal returns
3) Pre-MSCI exclusion, stocks have negative abnormal returns
4) Post-MSCI exclusion, stocks have higher abnormal returns

It seems to indicate a golden buying opportunity for IJM today..

Let us look at two academic/empirical studies...

"Do emerging market stocks benefit from index inclusion?" by Burcu Hacibedel and Jos van Bommel. Available at: https://core.ac.uk/download/pdf/6301308.pdf

and

"The relationship between stock performance and their inclusion to or exclusion from the MSCI or S&P 500 - An event study for listed firms in Europe and US" by Jeroen Reuling. Available at: http://arno.uvt.nl/show.cgi?fid=141801

The findings are:
1) Pre-MSCI inclusion, stocks have higher abnormal returns
2) Post-MSCI inclusion, stocks have near 0 abnormal returns or negative abnormal returns
3) Pre-MSCI exclusion, stocks have negative abnormal returns
4) Post-MSCI exclusion, stocks have higher abnormal returns

The "big fund will buy" myth after MSCI inclusion shall be treated with cautions.

Historical PE ratio matters too. Look at Hengyuan, historically PE has been lower than Petronm and other oil stocks. When Hengyuan posted amazing RM1+ eps for one quarter, some sifu use normal PE ratio such as 20-25 to justify it will rocket up to RM100, and the rest is just history. So, compare the historical PE ratio of Supermax to its peers and see if the trend is similar. Stock generally have anchoring effect for what PE ratio they should be at, non-tech stocks of course.

First stock to test KLCI component stocks -15% limit down?

Big contra profit, almost heart attack when buying the dip

Crack spread has been negative for a while, the market makes no sense

Limit down wow

"formal dividend policy of allocating at least 15% of the Company’s
profit after tax, excluding exceptional items to be distributed to its shareholders as dividend payment."

Proposed final dividend of 43.5 cent, wow, did any of you actually read the annual report and AGM agenda?

Luckily since last day of december last year i practically kept 100% of cash until today, shows that my contra plays in the past few months are wise

Congraz guys, successfully intraday trade again hehe

Intraday with HY CW really fun huhu

Wow 4000 lots at 1250

MACD becomes positive, RSI approaching 50%, parabolic SAR etc all showing the price goes positively

Mr Koon, I must give you my sincerest gratitude, your earlier recommendations on HY have made me a fortune! Thank you!

FYI I gained near 200% from CH and some from CJ, as retailers, we really cannot beat IB, but we can ride along, play safe and be smart.

And frankly, warrants players do not hold it until it matures, mainly to get capital gains. It is obvious that recent warrants of HY that issued at 60-100% premium are totally not advisable for retailers to go in, we must done good amount of studies on warrants before our hands are itchy.

Of course IB issues warrants to sucks our poor retailers' monies, but they are not playing it naked too, they too bought HY mother shares for hedging. We have to play smart too, warrants are playable, but just don't sailang in warrants.

Whoever talk bad on warrants have to remember warrants are double-edged sword, they forgot when HY was only around 8, CH only 13 cents. Those who bought at the time will have 700+% gain when CH hits 0.90+++, if they continue to hold now, they still have 400+% of gains. In investment, timing to buy and sell is everything, you cannot blame warrants as you might personally get burned by it. There are many others who enjoyed multi-fold of returns just from warrants.

Behavior of CL CN CO are really weird...

Lol issuer of CN says total of 20m units of CN has been sold out last week