If it higher than expected than we might see another new low in the refiner but it will shot back up next week onwards. Below RM 6 for both of these stock seriously good bottom catch though!

You are totally right BobAxelrod

At this point of time US is the yardstick of the world, no one able to surpass them. I believe no one dare to go against them. It's impossible to go against them though. They have a solid fundamental.

Take it an example, the whole stock market plunge because of US market, as long US market recover then everything is going back to normal

Right now just pray the CPI result come with small number

Good to average down if got extra money!

If todays data for CPi is a big turnaround then the market going to be exteremly bullish

Anyone has a recod whether any warrant was in the money before it went lapse for this counter? Mostly bank supress below the ex-price.

China is abit gone case liao. They are out of sight for at least another a year due to immature leader i would say.

I rather look at the US data, https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserve#:~:text=US%20Crude%20Oil%20in%20the%20Strategic%20Petroleum%20Reserve%20Stocks%20is,25.78%25%20from%20one%20year%20ago.

Not bad sia, this guy plunge like no tomorrow. It seems people aren't aware with alot of things yet.

Indeed, war would end soon but oil war would still be there though! It's all about the demand and supply. Let's not talk about earning report but looking at holistically picture.

I'm not sure the direction of refinery of Malaysia player but i believe the bottom is happening but the reversal is still intact.

I just don't understand why URUSHARTA need to dump and buy back the same amount of share. This KLSE really upside down now. Those small cap is doing well and big cap companies are having problem.

moreover, the PAT margin is getting smaller yet the EPS almost maintained. I really wonder why this stock hasn't arise much. Besides, the Zahid corruption trial cause huge problem here as well.

For those asking on the DSONIC-Wa isn't growing, it is because of the instrinsic value is below 0.54. We are surviving with time value which is 0.07. Exercise price is 0.54. If it doesn't break 0.54 then this WA remain bottom.

It's my huge mistaken that i didn't exit whenever it was 0.165 cent. I was thought it would reach back 0.20 to my original price. When the country is in huge problem, i should have exited earlier.

I have no idea if this stock would recover before the WA expired. We have exactly 300 days left before it expired.

I am just waiting for the next QR. If x bagus better cutloss and move to another stock.

Does anyone here has exposure towards Indonesia palm oil stock? Please give me the ticker name and would go and do abit of analysis. Should have sold it when the price was way higher that time.

Any FCPO kaki here, i wonder why the spot price for the FCPO is so low?

I though we are having food crisis and oil limitation yet why the spot price is low. Does anyone has a say?

I have been trading for quite sometime, this round the deman doesn't tally with the price action somehow or the market heavily manipulated by BIG GUYS>

John what food stock are you holding?

https://www.bloomberg.com/news/articles/2022-08-26/us-and-iran-close-to-nuclear-deal-but-final-push-may-take-weeks

@Ravi Kumar been a while, are you still in or exit long time ago or wait to cut win?

I wonder something here:

Diesel price up
Jet fuel price up
Gasoil price up abit.

Do you think it will drop below to the original price? If in the coming week the SPR drop another low, i guess it's impossible to drill more during winter.

I really wonder what is MoneyMakers profession

However, it's good to have MM here in the party because he keep everyone to be cautious, we never know what would happen since it's KLSE market

I have no idea why people always compare Glove and Oil rally here. Obviously, both comes with the demand. However, try to take a look out worldwide perspective. Indeed, Malaysia refinery abit lapsap unlike in US still able to reach new higher price.

Someone here had shared on Russian Sanctions, do give a read and resonate, how we are not seeing oil price going above $100 and supply is decreasing time to time.

crack spread is indeed huge role in calculating the business of refinery yet it is not depending on the gasoline only; there are low Sulphur and jet fuel which are going sideway. On the other hand, SPR is decreasing time to time for every countries.

Simple judgement :

a) Winter is coming, do you think OnG is a theme play?
b) How is the SPR looks like now than previous weeks?
c) Is OPEC planning to trim the output?
d) Is Iran Deal going to happens?
e) Has Russian cut the pipiline of Gas to Europe?
f) Has China recovered from the pandemic and 0 covid is problem ?
g) How is the demand in US ?
h) Do you think the crack spread affecting only gasoline, how about jet fuel and diesel?
i) Look the price action of US refiners and their outputs?

I don't understand one thing in this forum. KLSE is just for long on retail player, we can't short even the warrants are call warrants. Besides, Institutional never care about retail player like us or named as small fish.

Why are we fighting here, and are these people keep warning us it will plunge and plunging is imminent considered good person? Haha sometime let's talk more constructive idea rather than just shotting each other though.

Apple2353:
ur 70k IPO balloting was applied how long ago before the closing period?

I'm not sure if this stock can kena limit down its already 20%

Apple2353, if you don't mind sharing how much was initial investment, just wonder lately below 50K like x mahu dilayan.

Sell everything to Be greedy, he said attack. :P I hope you sold your portion.

If drops more than 20% it's all insider play already. They allocate the IPO by themselve and sell within to create the hype for the market.

Whoever got this IPO from the balloting is a huge lottery though. I never seen 300% gain before upon opening and no wonder I never got on this allocation.

Apple2353, how much was your initial investment for the IPO?

cywk, did you got any allocation during the IPO balloting

Begreedy, how many units were you get allocated and how much was your capital?

I am pretty confuse, lately, i am not getting any amount of IPO. I may wanna survey, how much is your capacity to when you got awarded with an amount of IPO share for this stock? Or everyone waiting to sailang in the morning

Hi paktua73

What are those stocks are you holding currently?

How would this company can soar higher despite their profit decreased alot? Is it a trap or coming quarter would be better? Does anyone really have a say on this?

Mind sharing why the fed rates hikes cause by the strong job report?

Malaysia always have the weirdest market from other exchange, comparatively MPC, VLO, XOM, CVX refinery has stabilize from the fall yet our refinery still at the rock bottom. Haiz.

Lamshuntee --> How many units were you granted from the IPO?

I just wanted to do small survey here,

How many units does every person got it? If can share the amount applied, would be better?

appreciate your kind sharing here.!

I would say the fair value is around Rm0.60 --> This company is expanding and the money in IPO used here. Besides, they pay very little money for their debt. Those wanna hold can hold but market sentiment plays biggest role. Secure the profit for the current moment. All the best and cheers!

shavemyfurm, How many units you manage to get?

Maybe today 0.7 but tomorrow might be doubtful though !

Possible just forget glove stock la! KLSE has very very few stock to invest temporary!

Is this counter still a good buy? Once attended a talk by Savwee, he was saying the PB is a good indication to buy in Jan. The price is almost below the pre-covid level. After looking at their earning, i am sure this counter/other glove are going to plunge later on.

For the next 3 years at least, if the earning isn't going just forget about the counter. Even though their balance sheet is good with no debt. Look at their earning otherwise you gonna get flushed through,

Be care with the i3 fake guru as well, just trade with what you can lose.

Is PP still doing private placement? Honestly, i want this counter to flush out!

This is one of the pity stock i ever encountered!

Whenever there is demand this stock still downtrend due to earning isn't that good. Whenever the price of chicken is high in the sky, the expenses became expensive as well and eventually breakeven. Every single catalyst will surely have flaws in their earning and this stock hardly backed by the analyst as well. Not many analyst willingly to cover this stock! He has to do good advertisement

https://www.theedgemarkets.com/article/genting-bhd-chairman-sells-shares-price-rises-prepandemic-levels

Guys don't flare so much on the price dropped. Its the market sentiment doing the job. Basically, we are seeing refined oil crunching especially diesel. Nothing to worry about. From TA point of view, HY and Petron are intact and respectively reflecting based on the recent earning.

I believe if HY produce reasonable QR, i'm sure it would soar double from where it is. Comparatively to other sector, only few sectors are on uptrend. HY is still sideway and hopefully it's a consolidation and break up higher soon.

As long the demand of refined oil needed just hold to it! Tell me which sector is reliable on bursa apart of OnG specifically on commodities.

Investmalaysia,

Does PMetal ever mentioned that they are contributing their end product to EV? If, Yes, How many percentage of the segment that Aluminum from PMETAL contribute to EV?

You insight is very much appreciated.

Haha, Investmalaysia, you got 2 account leh! =-="

Btw, indirectly as what, which part of factor influence PMetal company? Just wanted to know more specifically?

Ini Apple, mesti x baca ER betul betul! Treat stock macam exam la! Be meticulous and you will be rewarded. Please take a look on their operating segment financial and you would know how much is their gross profit from UK. It is 66mil out of total, 261mil and only 15% bbl is accounted. still a small portion to lose from this windfall tax. They can't be stringent in the future due to demand shortage will be there very soon. Do come back in July later. :)

Besides, the average price sold is USD96/bbl. In coming month, the average is around USD 115 if it hits above $120 just do the simple math and you get the picture. Cheers! Tomorrow cuti!

Weechichi, i relax je! Honestly, i pick up plantation quite late though after the falling knife yet after the consolidation jatuh lagi. haha. Why i din't see chintek at earlier.