As you may know, Holland is the origin of stock market. The dutch set up the first stock market exchange in 1606. Maybe everyone of us have to go there for pilgrim. :)

Superb99,

Based on my research, Janet Yellen has to increase rate this year as she has to protect Fed Reserve integrity since she already confirm a rate hike this year. Moreover, the most important data which Fed is looking at for rate hike -consumer price index and unemployment rate already surpass their targeted level.

Normally it should be 0.25 % on each increase but maybe will do a 0.125% too which is possible after the market turmoil in August. If it's the later rate then very huge chance another rate hike in Dec.

Anyway, let's see the world most anticipated event since B.Bernanke announced end of QE in 2013.

I think Zeti will observe at least a quarter to decide to raise rate or not after Fed rate hike. If Fed really have twice rate hike this year to 0.50% as they mentioned in June, I think we should expect a rate hike from BNM in 1st half next year. My main concern is who will replace Zeti and be the person in charge when she retires April next year.

My personal opinion based on all research and conclusion from various analysts.

1) I think government's plan to support the stock market is too early and unnecessary. With current klse 1600, this is just about the right PE and level, means just a correction from overly expensive level at 1880. But i look at it as the only way at the moment for government to save ringgit by boosting index to slow money outflow. BNM cannot afford to use foreign reserve to defend ringgit now and also cannot increase interest rate yet. So the government intention is to save ringgit not stock market.

2) Rate hike of fed rate at 0.25% doesn't seems high enough. But one must not forget this is a significant turning point from monetary easing to monetary tightening. And this rate hike will continue almost every half yearly until it reaches around 2-3% based on Fed estimation. This will pull back lots of US dollar which have been printed through out QE1,2,3 causing inflation in US as dollar are everywhere there and significant interest rate hike is inevitable to control the inflation rate.

3) When US rate hike, dollars will flow out from especially emerging market, local currencies will devalue and in order to stabilize the local currency, only 2 ways to counter which is using foreign reserve to intervene or increase interest rate to attract investment to sustain the currency. Using foreign reserve is too costly as significant depletion of it is very dangerous to the economy and will create domino effect. So only option left is rate increase. This will hamper economy growth of a particular country and also create huge burden on people and companies servicing loan debt. And worst case is high unemployment rate, bankruptcy and bad loan. But this is can be recovered with stimulus if government debt is not too high. Foreign reserved depletion need a very long time to accumulate thus many central banks will not risk wasting it.

4) If you think huge stock market correction will not happen this time, please think again, the world economy prosperity is boosted by QEs hot money and China progression in the past 7 years. Things especially commodities and assets have ballooned rapidly. 1 simple question, why in year 2010 and 2011 when commodities prices like copper, steel, crude oil and etc hit highest level in history and many countries still able to expend well with reasonable or good GDP expansion. But for the past 12 months commodities have dropped to very low level and yet the world economy recorded low growth and some are even contracting. Don't you think such low commodities and crude oil are equivalent to huge stimulus for economy expansion? Malaysia is a small nation and our economy is export dependent. Klse will not be spared if other stock market plummet.

5) The world has overly expanded in such a short time and production exceeded consumption since 2009. Value of stocks, assets, commodities and properties are already distorted by hot money and artificial demand. Judgement day is coming, the world need to return to a normal growth rate. The market will correct itself no matter what. Be cautions on stock market and properties as these two are still yet to correct significantly to a nominal level.

6) I predict market will not plummet when Fed increase rate. Instead, it will correct slowly side way and down all the way but with higher volatility. This might take around a year or 2 to reach bottom and wait for another catalyst to go up again. It will be a slow and painful process as long as there's no black swan event that trigger panic among the investor. I just hope our government and opposition can be more focus on managing well the economy growth and meritocracy to improve competitiveness of our country. Bless all of us.

just see this news, http://www.thestar.com.my/Business/Business-News/2015/09/08/OSK-fails-to-take-over-PJD/?style=biz , so now means ? Is it a positive or negative impact to osk?

dont be too excited, now market sentiment so bad, fed meeting coming some more...collect when it goes down again, dont chase high now...mmc n gamuda also cant hold long even they got mrt 2 pdp in 13 july....

china 50 c7, gogogogo

hi, can i ask china50 is based on which index?

european shares ady drop 5-8%

sold off all ady, i think game over for now

all puts overshot HK, any idea Alphajack?

so crazy

follow Alphajack.

huh, luckily all queue strike at 0.44, if not will cry

I totally cant log in itrade now...darn.

i dont know, but i bought some earlier ady.

cimb itrade logged me out from buying puts!!!

nice sharing http://klse.i3investor.com/blogs/kcchongnz/81334.jsp

if you are not sure you can wait till after fed increase rate or 1 quarter before the ending of impairment loan loss programme. Or wait for the trend to turn upwards only enter. Depend on you investment style.

Overall, still depend on how low market will go. If other bluechips plunge 70-80%, i think those are better investment.

Be greedy when others are fearful ma....this opportunity doesn't come by often, i missed the great bull in 08/09 when i was just a young lad. After anticipated for more than 2 yrs in stock market...this correction is what i'm waiting for.

I want to dream, so that I can sapu more if at 1.00.

255mil just for a piece of land, what bout building cost? hmm, past 2 quarters revenue already dropped by half...now still simply spend money on controversial area at this kind of economy outlook.

Well, ask your self in first place why would you invest in this counter out of over 1000 counters in FBMKLCI. What's your initial investment time frame? I believe many people in the world are quite uneasy if not nervous based on current economy uncertainties. Just preserve some fund to invest when the price dip lower. You can use the tp by research house as entering points to average down your cost. Or you can set a lower tp at 1.00 base on estimated fy2015 eps 0.17 with PE 6. If world market react quite negatively to Fed rate increase then we might see this in 6 months. By then you should go all in if the company fundamental still intact. Of course, if there's merger or rights issues in the next six months then this will not happen. Let's just pray the merger will come asap.

Other wise you could also diversify your portfolio in other counters, i believe many counters are near historical low in the past 10 yrs.

aiya, many banks also lidat lo, they will do it during bad times...then when economy outlook turn positive, things will get better. Bank muamalat also has been cleaning up their bad loans. Same with Bank Islam few years ago. So that the share price will go oversold and overbought. Then only can buy low sell high ma.

As for the result, I think they will increase the impairment lose when revenue is higher and vise versa.

If no confident MBSB will turn into bank then can avoid this counter, if got confident then can always accumulate on weakness. So its depend on our investment style.

expected lo....till next year 3rd quarter, impairment lose is there. Just accumulate when the price is low. Only excitement in short term is merger if it is true. Or else have to wait till next year today only will Fly.

But they never deny any on going discussion on merger with Bank Muamalat at any level. They just mentioned no official statement from Bank Negara. This is not how they responded on rumors merger with Bank Islam and KFH.

1 dire for cheap fund source + bank license to expand, 1 dire to reduce stake by next February and also a form of public listing if merge. Synergies is there as no overlapping of business structure and operation. Win win situation for both. Now is all depending on how the shareholders come out with a good deal. Before this DRB want to have control over Bank Muamalat. Maybe they can acquire some MBSB shares from EPF to be the major stakeholder of the new entity and yet still below 40% level.

Just wait and see how to story evolves.

Cuepacs demand for 35% salary raise for government servants.

Another potential good news for MBSB revenue. http://news.sinchew.com.my/node/436159

no rumours, how the stocks move and able to goreng by sharks :)

not sure, but Bank Muamalat was given a final warning from Bank negara to lower share holding by Feb 2016....maybe the deal possible to go through...just that Bank Muamalat is so small, doesn't benefit MBSB much.

down down down

sudah makan apa :o

wif bimb?

1.8 ady

Maybe is rights issues.

News announcing soon?

Today volume abit unusual.

Actually they are already under BNM jurisdiction since 2013. High growth trajectory is possible depends on Mbsb corporate direction and bank negara policies. I see 4 potentials in MBSB.

1) There would be more cheap credit(current accounts/saving accounts) to MBSB to lend out for higher returns. More fee based services will also be available when they become full-fledged bank(credit cards, insurance, unit trust investments, stock brokerage, investment banking service for big corporations and etc).

2) In another 2,3 years, I predict bank negara will loosen up the property buying policy and that would benefit the overall banking sector as property is one of the main driver in any countries economy because it will create many opportunities and business activities in sub sectors. This can also help boost MBSB revenue and loan growth.

3) Epf offering in Shariah-compliant investment option in 2017. Based on current syariah stocks in bursa, only Takaful and BIMB these two institutions available in finance sector. If Mbsb become a full fledged Islamic bank by then, you will see how hot it will be together with Takaful and BIMB by Islamic funds(epf, tabung haji and etc)

4) Potential growth of Islamic banking. This sector is growing very fast compare to conventional banking. However, Islamic banking is still heavily promoted and supported by government and GLCs only. Very little private sectors are involved in it. But we can see things are getting more interesting lately as more and more countries and private corporations getting involved in islamic sukuk and etc in Malaysia. I believe bank negara and government aspiration to have a mega Islamic bank is still in hand as Malaysia is the pioneer and most established country in Islamic finance and they would be easily overtaken by Indonesia and middle east nations if they still don't speed up the reform. This is also one of the main reason why TRX is in government plan at first place(Islamic finance district). Although now a bit lost in direction after the 1mdb scandal.

I believe moving on forward, MBSB still has a very good potential if the management and shareholders are fully committed in their 2015-2019 business plan.

Seems like not a big deal.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4776037

well, the management should have avoided this incident in the beginning but at least they are reacting swiftly to solve the problem. No like 1mdb doing nothing but trying to hide everything.

They will not. In fact they never learn from mistakes. They just want to make sure things happens within their hands so that they can continue be in control and they can be at power forever.

http://www.theedgemarkets.com/my/article/airasia-founder%E2%80%99s-tune-group-considers-selling-insurance-holding

means still a lot of desperate sellers but less willing buyer at higher price. Price expected to down again.

transaction volume rocket from 46m to 100m at 4.50pm...lol, interesting experience for me.

so intense the fight...also made little contra gain, but still very bearish on this counter. waiting at lower.

Has anyone received dividend cash or dividend shares today?

http://www.theedgemarkets.com/my/article/malaysia-building-raises-bar-loan-coverage-bank-license

before ex-date already touching this level, i cant imagine after ex-date....come come 0.80

I heard from BFM this morning. Planning for.

i think maybe they need the money to acquire KFH.