Ringgit falls to 25-year low, the worst performer in Asia after yen this year
By Marcus Wong / Bloomberg

www.bharian.com.my/bisnes/pasaran/2023/10/1165682/pelabur-asing-beli-semula-saham-di-bursa-malaysia

https://www.bharian.com.my/bisnes/pasaran/2023/10/1165682/pelabur-asing-beli-semula-saham-di-bursa-malaysia

Good morning 🌻

*Budget 2024: Fiscal Reforms Unfolding*

- Key Takes for Budget 2024: slightly expansionary (after stripping out hefty 1MDB bond redemption in 2023), SST raised to 8% fr 6% alongside introductions of various new taxes (capital gains taxes, luxury taxes), 4.3% fiscal deficit (2023e: 5.0%), significantly lower subsidy and dividend contribution from Petronas (refer to )
- *While Budget 2024 is not particularly exciting for equities, being fiscal reform-centric and lacking details on incentives for businesses (NIMP 2030, MM2H), we maintain our view for FBMKLCI to close the year higher (target 1,540), driven by external optimism and events unfolding beyond Budget
- Fiscal reforms support our view for the ringgit to eventually appreciate
- Externally, equity markets should by year-end partly price in easing global inflation pressures and interest rate downcycle, semiconductor cycle recovery, and some economic recovery in China
- *Domestically, in Oct we look forward to the Malaysia-Singapore leader’s retreat (deciding on Special Economic Zone detail in Johor) and council of rulers meeting (likely appointment of Agong), and significant earnings recovery in 2023

*Implications/Opportunities of Budget*

- a) Slower domestic consumption, although there are mitigating factors
- b) Iskandar 2.0 investment theme to be catalyzed by aforementioned events expected in Oct, although the Budget touched on only the loosening of MM2H criteria
- c) Mega projects beneficiaries (refer to Construction sector comments)
- d) Sin sector: No new indirect taxes, so expect gradual recoveries of gaming companies
- e) Chicken Run? Uplifting of price controls for chicken & egg could re-rate some low PE stocks (eg CAB – refer to selective peer comparison)
- f) GST unlikely to be introduced in future years with the upsized SST.

Thanks.

https://theedgemalaysia.com/node/686158

Gaza kian Hanbury, banyak projek untuk picorp dijangkakan

Undervalued, share buyback continues :)

2023-10-12

Insider

KAWAN FOOD BHD buyback 614,100 shares from 1.860 to 1.870 on 12-Oct-2023.

2023-10-11

Insider

KAWAN FOOD BHD buyback 846,900 shares from 1.850 to 1.880 on 11-Oct-2023.

2023-10-10

Insider

KAWAN FOOD BHD buyback 734,200 shares from 1.845 to 1.845 on 10-Oct-2023.

2023-10-10

Insider

KAWAN FOOD BHD buyback 286,500 shares from 1.830 to 1.830 on 09-Oct-2023.

2023-10-10

Insider

KAWAN FOOD BHD buyback 156,500 shares from 1.818 to 1.818 on 06-Oct-2023.

Same technical play again?

Kawan Food broke out from its 4-week bullish flag pattern with a long white candle on Friday, implying that its previous uptrend may have resumed. With the 20-day EMA remaining above the 50-day EMA since the bullish crossover in mid-July, the uptrend may continue in the near term. A bullish bias may emerge above the RM2.24 level, with a stop-loss set at RM2.05, below 30 Sep’s low. Towards the upside, the near-term resistance level is seen at RM2.40, followed by RM2.60.

Entry : RM2.24–2.31

Target : RM2.40, RM2.60

Exit : RM2.05

12-15sen target today, let's see later

Kawan should fly after the budget day... more people cook at home

10sen dah.... flying higher n higher

Pak arab akan sponsor pembersihan di gaza selepas pengeboman oleh Israel. More jobs 4picorp, tiada yg mustahil, good luck guys

Balik 20sen, lagi ramai kejar... bertenang ya

Banyak jobs kat timur tengah kelak, Gaza makin hancur

10sen dah.. mau balik 35sen kot

Closing Market Update

Stocks Up as Treasury Yields Fall Again.

Ten-year Treasury yields slipped again Wednesday, helping the S&P 500® Index (SPX) and Nasdaq Composite (COMP) clinch their fourth-straight day of gains, while the release of the most recent batch of Federal Reserve meeting minutes stirred hopes the central bank may be done raising interest rates.

On the inflation front, the Labor Department said the Producer Price Index (PPI) rose 0.5% in September from the month before. That was slower than August's 0.7% increase but still above the 0.3% increases analysts had expected. Core PPI, which excludes food and energy, rose 0.3%. That was slightly above the 0.2% analysts had forecast.

Of potentially greater interest to the market will be the Consumer Price Index (CPI) update, which is due Thursday. An unexpectedly fast acceleration in price pressures could scramble expectations for the future path of interest rates.

Investors got a backward glance at Fed officials' thinking Wednesday afternoon, with the release of the minutes from the Fed's September policy meeting.

Schwab Chief Fixed Income Strategist Kathy Jones notes that the tone of recent "Fedspeak" has been more neutral than the hawkishness we saw over the summer, "indicating Fed leaders believe monetary policy is restrictive enough to continue bringing inflation down to the bank's 2% long-term target."

"That's been the consistent message from a range of Fed officials," Kathy says. "The bar for another rate hike appears to be high, which is helping push intermediate to long-term bond yields lower."

Here is where the major benchmarks ended:

S&P 500 Index was up 18.71 points (0.4%) at 4,376.95;
Dow Jones Industrial Average (DJI) was up 65.57 points (0.2%) at 33,804.87;
Nasdaq Composite was up 96.83 points (0.7%) at 13,659.68.
The 10-year Treasury note yield (TNX) was down nearly 10 basis points at 4.558%.
Cboe's Volatility Index (VIX) was down 0.93 at 16.10.

Real estate and utilities were among the market's strongest sectors Wednesday, with the Dow Jones Utility Index (DJU) jumping more than 1% to a two-week high. Communication services and technology shares were also higher. Energy stocks led sector decliners as crude oil futures fell more than 2%, pressured by reports Saudi Arabia will support efforts to stabilize oil markets to account for uncertainty caused by the fighting in Israel.

Stocks on the move

The following companies had stock price moves driven by quarterly earnings, analyst ratings, or other news:

Ally Financial (ALLY) fell 2.1% after CEO Jeffrey Brown announced plans to step down at the end of January.

Amgen (AMGN) rose 4.6% after Leerink Partners upgraded the stock to "outperform" from "market perform," citing expectations for an expanding earnings multiple.

Dialysis provider DaVita (DVA) dropped 17%, while fellow provider Fresenius Medical Care (FMS) tumbled 18% on reports that Novo Nordisk's (NVO) diabetes drug Ozempic had showed signs of successfully treating kidney disease. Novo Nordisk shares rose 6.2% and are up nearly 45% this year.

Humana (HUM) fell 1.4% after the company said Bruce Broussard would step down as CEO in the second half of 2024.

Pioneer Natural Resources (PXD) rose 1.4% after Exxon Mobil (XOM) agreed to buy the energy producer for nearly $60 billion, or $253 per share, in an all-stock merger. Exxon Mobil shares fell 3.6%.

Plug Power (PLUG) rose 5.3% after the battery company forecast a sharp rise in revenue by 2027 to roughly $6 billion.

Shoals Technologies (SHLS) rose 5.4% after Goldman Sachs upgraded the stock to "buy" from "neutral," citing potential for stronger gross margins.

Silk Road Medical (SILK) fell 49% after Citi double downgraded the stock to "sell" from "buy," citing the CEO's recent departure and other factors. B. Riley and Stifel also downgraded the medical device maker.

Walgreens Boots Alliance (WBA) rose 1% after former Cigna executive Tim Wentworth was named CEO effective October 23.

Companies including Delta Airlines (DAL), Domino's Pizza (DPZ), and Walgreens Boots Alliance are due to report third-quarter results Thursday. Friday brings reports from some major banks, including Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC).

Fed notes

The minutes from the Federal Open Market Committee's (FOMC) September 19–20 meeting noted "solid" economic growth in the third quarter, continued tightness in the labor market, and still-elevated inflation. But bank officials also said the supply-demand imbalance for labor "appeared to be easing."

Buy rate 100%

Another big push today kot

Kejap lagi 9.5sen clear...

$$$$$¥

2023-10-11

Insider

KAWAN FOOD BHD buyback 846,900 shares from 1.850 to 1.880 on 11-Oct-2023.

2023-10-10

Insider

KAWAN FOOD BHD buyback 734,200 shares from 1.845 to 1.845 on 10-Oct-2023.

2023-10-10

Insider

KAWAN FOOD BHD buyback 286,500 shares from 1.830 to 1.830 on 09-Oct-2023.

2023-10-10

Insider

KAWAN FOOD BHD buyback 156,500 shares from 1.818 to 1.818 on 06-Oct-2023.

R u ready for war today? Picorp , flying higher n higher kembali 35sen bulan Feb 2023

> 10sen akan menjadi nyata today

Share buyback continues... see uou above rm2 :)



7216 KAWAN KAWAN FOOD BHD
Immediate Announcement on Shares Buy Back
Date of Buy Back : 11/10/2023
Description of Shares Purchased : Ordinary Shares
No. of Shares Purchased : 846,900 shares
Minimum Price Paid For Each Share Purchased : RM 1.850
Maximum Price Paid For Each Share Purchased : RM 1.880
Total Consideration Paid : RM 1,582,839.16
No. of Shares Purchased Retained in Treasury : 846,900 shares
No. of Shares Which Are Proposed To Be Cancelled : 0 shares
Cumulative Net Outstanding Treasury Shares As At To-Date : 2,906,200 shares
Adjusted Issued Capital After Cancellation : 362,581,760
Date Lodged With Registrar of Company :
Lodged By :
Remarks:
The total number of issued shares after the above share buy back is
359,675,560 (excluding 2,906,200 Treasury Shares).
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

11/10/2023 07:00 AM


Ref Code: 202310114700208

KWNF Historical Data
Time Frame
Monthly
Download Data
10/11/2021 - 10/11/2023
Date Price Open High Low Vol. Change %
10/01/2023 1.880 1.800 1.880 1.770 963.50K +4.44%
09/01/2023 1.800 1.750 1.840 1.740 3.26M +2.27%
08/01/2023 1.760 1.860 1.910 1.680 5.78M -4.86%
07/01/2023 1.850 1.910 1.980 1.810 926.00K -2.63%
06/01/2023 1.900 1.980 1.990 1.810 1.58M -5.00%
05/01/2023 2.000 2.100 2.220 1.950 2.61M -3.85%
04/01/2023 2.080 2.130 2.180 2.080 606.90K -1.89%
03/01/2023 2.120 2.190 2.220 2.080 2.96M -2.75%
02/01/2023 2.180 2.200 2.280 2.120 2.23M -1.80%
01/01/2023 2.220 2.220 2.400 2.160 2.98M 0.00%
12/01/2022 2.220 2.210 2.240 2.050 4.61M +1.37%
11/01/2022 2.190 2.180 2.310 2.090 4.82M -0.45%
10/01/2022 2.200 2.150 2.410 2.100 9.86M +2.33%
09/01/2022 2.150 2.170 2.300 2.070 8.52M -0.92%
08/01/2022 2.170 1.900 2.190 1.790 9.02M +14.81%
07/01/2022 1.890 1.660 1.930 1.640 3.97M +13.17%

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https://corporateuntold.wordpress.com/2023/08/12/suruhanjaya-sekuriti-digesa-siasat-kenneth-vun-cuci-duit-haram-guna-syarikat-pasukhas-group-berhad/

https://corporateuntold.wordpress.com/2023/08/12/suruhanjaya-sekuriti-digesa-siasat-kenneth-vun-cuci-duit-haram-guna-syarikat-pasukhas-group-berhad/

bahaya 2023-05-09
Tay Ben Seng Ceases to be Saudee's Substantial Shareholder After Just Six Months

Esok 10sen+++ barangkali cheers

syer kawan juga naik .. saya cadangkan recently... syiok juga

esok lagi 2sen dah 11-12 sen :0

mungkin nama nominee buyback shares to sell to investors.... good4retailers

esok, 1.90 to 2, tiada yg mustahil.... :)

jangkaanku, 10sen at least, at closing 5pm

9sen dah clear... 9.5sen akan habis stok kejap nanti :)

dividend stock... high payout ratio... nice...............40% Payout ratio

VWAP:1.8657Avg Vol/Trans:84.21Buy Rate:84% terbaik... tren menaik terjadi

good buy... uptrend started

1.88, terbang lagi, kutip

Wow, 1.87 clear dah... rm2++ soon

Close at 10sen at least... tunggu ya

uptrend now... up lagi 1.87 dah , terindah

Highest Price 4.7500 First Occurred on 11/08/2017

Highest Volume 28.800m First Occurred on 14/08/2009

VWAP:0.0869Avg Vol/Trans:432.71Buy Rate:69%

VWAP:1.8598Avg Vol/Trans:185.45Buy Rate:83%

RM1mil+ shares traded... dah naik 20%

jika RM10JUTA, UP 100% KAN HAHA

up 20% dah.... c u at 35sen again like Feb 2023

Share Issued 362.581m
Market Cap RM674.402m

Market cap should be at least RM1bil.... keep some

Very polluted in the middle East, more jobs 4 picorp

Israeli military continued to hammer the area in the aftermath of the Hamas militant group's bloody incursion into the Jewish state over the weekend.

Gaza City was pummeled by aerial bombardments on Tuesday as Israel Defense Forces continued to carry out the first phase of their retaliation for Saturday's unprecedented attacks.