I think we do not need to worry so much ... The management hv experts to handle it well, otherwise no point buying something that is not manageable ...

The 1.832 billion losses was Khazanah's losses ... It has nothing to do with Dnex n Silterra now ... For example, A brand new Mercedes S450 cost about RM650,000, when someone bought a 2nd hand Mercedes S450 at RM300,000 now ... How can the buyer losses the RM350,000 depreciation due to wear n tear ? ... The losses belongs to the previous owner, not the buyer ...

Be cautious of big title marketing gimmick ... A big venture require big funding, could be a way to raise funds later ... A rights issue like Sapura Energy would be devastating ...

Don't worry, RSS will most probably burn their money in this counter ... hahaha ...

Wah ! ... Another DBT of 42.036 million shares done this morning 10:13am at price 0.340 ...

(Reuters) - Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a faster fuel demand recovery from Delta variant and Hurricane Ida's hit to production led to tight global supplies.

They always create havoc to this beautiful country ... Useless politicians ... hahaha ...

*implementation

A new safety net framework will be introduced under the 12th Malaysia Plan (12MP) to ensure the sustainability of bumiputera equity ownership, the Dewan Rakyat heard today.

Prime Minister Ismail Sabri Yaakob said this is to allow the sale of bumiputera shares or companies to only be offered to other bumiputera consortiums, companies or individuals.

Hopefully won't cause drastic disposal of bumiputera shares now til the actual implication ... Because once enforced, bumiputera can't simply dispose shares anymore ...

@investor2021trading ... You can get all the RSS trading n volume in your trading platform, just go to your platform n add in the RSS transactions details in your viewing page ... You may not hv it as a default column in your page ...

Surprisingly no RSS for the entire morning session ... Maybe they shld buy back before the share price move higher ... Dnex's quarterly profit will increase from next qr onwards, slow n steadily ...

Quarterly statements for publicly- traded companies are not required by law to be audited. However, audits provide a level of authority and security to investors ...

By the way ... Is the quarterly financial result an audited or unaudited ? ... I guess the SIR is more crucial than the qr ...

Dnex is a good counter for mid to long term investors, suitable for short term traders as well ... Actually, I did mentioned about a trading plan for short term traders many many years ago, it's working for many people ... What a trader need to do is to put your money in a good growth stock n sell it at 100% profit later, repeat this method for 10 times, you will achieve 1,000 times returns or 100,000% returns ... The duplication is from 1 > 2 > 4 > 8 > 16 > 32 > 64 > 128 > 256 > 512 > 1024 > etc ... A trader may turns their initial investment of RM10,000 to RM10 million, RM100,000 to RM100 million, RM1 million to RM1 billion n etc ... Traders shld not be satisfied with those tiny 10% 20% or 30% returns, because you won't be able to achieve substantial amount in long run ... Wishing all investors n traders succeed in your investments ...

Congrats to those 1m shareholders ... By the way, it's just a drop of water in the ocean ... or a tiny planet in the universe ...

It's time to reveal whether those HotChik LengLui are wearing any panties under their miniskirts or not ... exciting shows next week ...

Adui ... A fair value gain for a new asset is a profit in business, no need to argue so much lar ... When someone bought something at below market value, it is called a gain or profit ... In case anyone wish to argue, please go back to your accounting lecturer or professor to argue ...

Wah ! ... Beautiful qr ... Fatt Tat Lor ...

@Tradersampah ... The closing price was set at 0.330, can only buy or sell at 0.330 ... Can't buy or sell at 0.335 ...

Healthy 2 cents pull back ... The uptrend is still intact ...

There are no haters here lar ... Everyone is looking for opportunity to grab at low price if possible, waiting for turnaround ... Provided the SIR is favorable n no hanky panky accounting ... Otherwise finished story ...

Serbadk is in trust deficit now ... Have to repair this damage ...

Sapura n Velesto may take longer time to recover ...

Bumi Armada looks like very bullish with strong business turnaround ... I hope Serbadk can prove to shareholders that they are capable ...

Awang ada 12.8 juta saham untuk pembeli yang ada minat ... hahaha ...

Still non stop selling ... Profit taking or no confidence in the SIR n QR ? ...

The uptrend is intact ... Next 0.865, follows by 0.935, recent high at 1.05 ...

Wow ! ... Beautiful closing price ...

When gloves counters in troubles, funds will flow to semiconductors n oil counters ...

Waiting for Dnex to repeat the daily 1 billion transactions soon ...

Walao ... Very strong momentum moving up ...

Dagang Nexchange could move past its consolidation phase of MYR0.77, as it bounced off above the 21-day SMA line on improved trading volume. If it manages to break that level, we expect an uptrend bias to emerge, to propel the stock towards the next resistance of the MYR0.865 recent high, followed by the MYR0.935 multi-week high. Conversely, falling below the MYR0.705 support will cancel this expectation.

Source: RHB Securities Research - 17 Sept 2021

Still very hot here ... Non stop fighting ... Any clear direction for today n tomorrow ? ... Wait n see whether Awang sell his remaining 12 million shares or not ? ...

RHB Research : ... Dnex is propelling towards the next resistance of 0.865, follows by 0.935 ... Dnex recent high was at 1.05 ...

KUALA LUMPUR (Sept 22): The government is contemplating and studying the implementation of a one-off higher tax rate to be imposed on companies that have generated extraordinary profits during the Covid-19 pandemic.

Deputy Finance Minister II Yamani Hafez Musa, who was speaking in Parliament today, added that Putrajaya is also studying the implementation of a capital gains tax, which was proposed by several Members of Parliament (MPs) during the latest parliamentary sitting as part of efforts to replenish government funds spent on combating the Covid-19 pandemic.

“The government is looking at a few ways in which it can increase its revenue, including implementing the taxing of capital gains on shares and also imposing a one-off higher tax rate on companies that have obtained extraordinary profits during the pandemic,” he said during his winding-up speech on the King's address today.

He said that the extra revenue accrued by the taxes would be chanelled towards recovery programmes and activities for selected target groups.

According to Yamani Hafez, the government will obtain the views of stakeholders on the windfall tax or levy on extraordinary profits made by businesses first.

“The government needs to take into account the views and feedback of affected stakeholders to ascertain the effects of imposing these taxes, so that it does not affect Malaysia’s economic standing and competitiveness, specifically in attracting foreign investments,” he said.

Yamani Hafez added that the government is finding a workable solution to implement an interest-free loan moratorium for borrowers and is still in talks with financial institutions as this involves a commercial decision between bank managements.

"The ministry wants a workable solution which would take into account the long-term effects on borrowers, depositors, investors, financial institutions and the economy," he said.

Read also:
Budget 2022: Govt, opposition start holding discussions

Lam Jian Wyn

The Edge Markets reported today that Govt mulls capital gains tax on shares, one-off higher tax rate for businesses with windfall profits ... Another big issue to affect bursa n traders ...

Maybe datuk forced selling today ... 100 million sold ... hahaha ...

There are uncertainty in SIR n QR ... Big players may not hold this stock for too long, swing trade is safer bet for them ...

Beautiful ... on the way up ...

In case support at 0.345 can withstand the profit taking, then may hv more leg to go ... Otherwise gone case ...

Looks like today is a profit taking day for traders who bought it at lower price ...

USA FOMC meeting ends by tonight ... Awaiting their decision ...

Be cautious ... Wall Street Futures n Europe equities are in the red ... May continue going lower ...

Director force-selling 7.1 million shares at average price of 0.31592 ? ... What game are they playing ? ...

@shybutter ... Maybe the share price hit bottom already, a rebound from bottom price ...

Wah ! ... Suddenly strong rebound, looks like loosing momentum already ...

HLIB target price for Serbadk is 0.20 ... Publicbank target price for Serbadk is 0.44 ... Serbadk currently trading at 0.310/0.315 ... Investors don't trust HLIB n Publicbank ? ...

Looks like the price may stays around 0.315 until further clarity on the SIR ... The price may not drop to as low as 0.20, unless there is a big force selling ...

Maybe we may see a clearer direction after 11am ...

Genuine rebound or fake rebound ? ...