current yr to date profit : 929,222 EPS 9.2
previous yr to date profit : 2,120,828 EPS 24.2

profit suffer drastic drop ??
EPS 9.2 cts + final qtr EPS (assuming 3.0 cts) = 12 to 13 cts ?? (EPS for full yr)

I think those insiders have been selling all along.

Posted by Junichiro > Nov 1, 2016 07:33 PM | Report Abuse X

Its 5 waves having completed, FGV is now its corrective waves down.

The above was posted on Nov 1, 2016. Who says nobody post abt FGV going down?

A possible low of 1.66 for FGV taking into account Fibo cluster

EW points to the possibility of an irregular wave in FGV

Maybe someone should prepare a list of companies holding USD debt.

From m'siakini
"There's a massive back and forth going on between banks and Bank Negara Malaysia (BNM) now," said a banker at a foreign bank in Malaysia that deals in foreign currency transactions.

"This is a type of indirect capital control ... I see a flood of people exiting Malaysia."

Read more: https://www.malaysiakini.com/news/363215#ixzz4QHDAkQI2

Hi twobits, it is possible. If u read M'sia kini now regarding foreign banks ....they say is indirect capital controls .. do not know if ff will run for the exit soon.

I agree with u. If u observe, EPF is buying n selling Maybank. They are trading to make $$$.

How would a strengthening USD affect commodities ?

connie-by the way I can't find h97. Is it HSI97 .. or something else.

connie, I think yr method works for u and she should stick to it with some refinements.

I myself have not much confidence in awesome oscillator, the three wiseman etc.. is all from the book "Trading Chaos". I have read ppl losing money using awesome oscillator. Just google n u can find out.

awesome oscillator is not a leading indicator. The only method that have predictive qualities is non other than Elliott Wave.

1st half of 2017 probably a honeymoon period
2nd half onwards probably a bear market
2018 - 2022 probably a sideways market
Not necessarily true - just for the fun of it

Here is what Fung Shi for 2017 says about stock mart :-
yin fire year often boost peoples confidence about the economy bringing good performance to the stock market. Particularly during the spring and summer seasons when the wood and fire seasonal element will make the candle burn very bright and such illusory fire will drive up the stock market sky high. However, once the seasonal support of wood and fire expires in around August onward, there will be dramatic downturn as the illusive candle flame is dying.
Hence for people play in shares and stock market have to prepare for big disappointment in the second half of the year. Such phenomenon of crazy market in first half year and collapse in autumn happened in many previous yin fire years before, such as 1987, 1997, 2007.. The bearish market may commence from around August 2017 and this time the impact can be long lasting as there will not be any support to fire element between 2018 to 2022.

Tan Teng Boo of Icapital was reported as saying that he did not buy any plantation counters in KLSE but bought plantation companies in the London Stockexchange.

Some of the component plantation stocks that rose since 2008 did not correct themselves even when QE came to an end. The end of QE means, in the words of Citicorp, "the setting of commodities sun". CPO prices dropped but KLK etc did not correct much. Whereas those listed plantation companies in overseas stockmart all have dropped 50%. That is one of the reasons why the KLSE did not correct much.

From its lows of 2008 (abt 8++ points) till its peak in 2014 (abt 1896), there has not been any meaningful correction). At most it has only corrected abt 38% since 2014.

Prudent investors are already making the move. They do not wait for the last minute. Interest rates are set to rise.
To understand why Trump won, read Washington Post. Clinton's hacked email changed everything. The Americans became suspicious of her.

Protectionism is on Trumps agenda.

Thanks, Calvin

Hi Calvin, B Plant is highly illiquid stock. Is it worth considering?

Trump's huge infrastructure plans means he need more revenue. More Treasury bills will be issued and yields would rise. Yellan would be forced to raise interest rates sooner.
Foreigners are therefore selling those bonds n taking their $$$ back to US.
Yes, it is about 2 months before Trump takes office. But no prudent investor would wait for the last minute to decide. Time waits for no man or woman.
This currency volatility is only the beginning.
If u wish to know why Trump won, read up Washington Post instead of CNN

on the eve of the elections, even Clinton's own Democrats knew she would lose.

If u want to know why Trump won, read Washington Post.

If u want to why Trump won, read Washington Post. Not CNN.

CPO went up due to plunge in MYR. It is traded in Rotterdam in USD. In terms of USD, did plam oil prices went up?

If u want to know why rump won, read Washington Post n you will get the answer. Not CNN. The columnist in our local paper still cannot get the point.

Palm oil is traded here in MYR but in USD overseas. Malaymail confirmed today foreigners all selling government bonds which caused the MYR to plunged. This is only the beginning. Share prices depends very much on players sentiment. Once sentiment is bruised, the bear comes in for the kill.

Confirmed. Foreigners selling government bonds. (see Malaymailonline)

But it may only be the beginning.

Foreign investors dumped government bonds n headed for the exit.

Malaysia’s ringgit plunged to its weakest in more than 12 years in offshore markets today as investors dumped government bonds, while the spot rate barely moved as the central bank kept a tight grip on the onshore market. - See more at: http://www.themalaymailonline.com/malaysia/article/malaysian-ringgit-plunges-in-offshore-markets-bnm-locks-spot-in#sthash.jDWBK8DZ.dpuf

I do not think it is a currency attack.

Confirmed. Foreigners selling government bonds (see Malaymailonline)

Confirmed. Foreign investors selling government bonds (see Malaymailonline today)

GDP are historical figures. It merely states the economic environment before Trump won.

But how long can it last? Unless they intend to impose capital controls.

The spectre of foreign funds invested in financial assets leaving for US in expectation of a rate hike. I think it is only starting. Other currencies such as won was also affected.

Yes, trading in USD/MYR was briefly suspended just now. My friend working as a financial controller in a foreign firm called me to inform me. I think it is RM4.38 now according to some forex website.

The worse is yet to come.

Probably those foreign funds in emerging markets assets are starting to move back to US in anticipation of rate hike. Other emerging market currencies are also affected. So much for those in the gomen who says things will go as usual.

Capital controls coming ??

Just to share my views.

Cos I have been tracking Hovid for sometime n I know some ex staff there.

Agree. bank stocks are up yesterday due to positive sentiment of US banks. Nothing much has changed for our local banks. Except we are following Dow's sentiment which may be relevant in the US.

Expected volatility. Nothing special. The KLCI has already completed its 5 waves up. It has already been up for 5 years with no meaningful correction. After the 5 waves up, it is the corrective waves down. We are actually playing an uptrend in a bear market. It has not even corrected 50% of its gain since 2008.

He is ready to lift environmental restrictions to help shale oil industry. he is pro-business.

The KLCI does not have a meaningful correction since 2008. It has only went into a small correction. Actually we are playing an uptrend in a bear market. No need to crylah. You should have make yr $$$ when it started its 5 waves in 2008.

If Russian play the Ukraine game in Poland and the Baltic states, is the world a better place ?? The ordinary Poles are already training themselves as militias.

The ordinary people in Poland are already volunteering to train themselves as militias some time ago in the event of a Russian incursion and help is not forthcoming from Nato. At least they are realist.

The foreign news in The Edge and other local newspapers are sourced from foreign news agencies like Bloomberg, Reuters etc. The Edge is no exception.

Talking abt personal friendship to end investigation into money laundering on 3 individuals who are not even the government ?? Why must Trump interfered?

Le Pen will probably triumph in France