In the short term, I think all telcos are overvalued now. As all the telcos price their products higher, a new normal can be achieved.

"Don't worry, Maybank is dropping now because it is being shorted.

There will be short covering soon. Short squeeze will push the price up very fast."

I suppose you taking about the futures market. How to short in KLSE? Tell me how as I want to short too.

Probably telcos would price their products higher instead of cheap packages now that all these fees are taking a huge slice of their profits. I expect them to cut dividends also to avoid over-borrowing.

It is a generic drug maker. It exports to third world countries e.g. Africa... A high risk business even if it is LC based. From my experience, some African banks delays payment for months although the claimant has complied with all terms n conditions of the LC. They have no money in their USD accounts maintained with the US banks to draw on.

816 million plus and annual fee 70 million. Maxis to cut div further??

The spectrum fees have already been announced.

Hope springs eternal in all humans. Looking at those comments, it seems every share is on the verge of going up! I As for me, KLSE is overvalued n this explains why it is not moving up.

Do u still believe ff are flocking to KLSE as hyped by the media? They are heading for the exit, I think. Genting is a favourite of ff.

Probably to Brexit lows

The weekly chart shows Maybank having broken its H n S pattern neckline at abt 8.20. The view is bearish.

It was widely reported that they would meet the FDA n the European authorities to register Taurx as a mono-therapy drug. But this is only the first step which means it may even take a lot of time before it becomes reality. It is long term in nature n not fast track approval as some would like to believe.

At least, Genting is buying back its own shares

Genting gave notice of share buyback

Its like saying business operate in the vaccum. Why the company did not take steps to hedge against forex losses?

Values of shares are never constant. It changes all the time. Looking forward, is this the last of its loans impairment fr those O & G in S'pore? I think it isn't the last.

PPl singing the song that a whole bunch of prepaid users have to switch to Celcom n Maxis will suffer. But none of that happened. Look at Axiata now, selling like no tomorrow.

Their selling has spooked retailer players n they also join in the herd. Since there are so many sellers, KWAP would mop up these shares at lower prices. Only when all these sellers are gone, the share would be up again n everyone would scramble to buy it. The saving grace is the company is getting better n better.

EPF is not the one holding substantial stake in Tune. It is KWAP. The party ended because the directors sold some of their shares. As I said, this share is for the long term. You can't reap a huge reward in the short term.

This is probably a sign of not much foreign buying. Newspapers n analyst make everybody think there is a big flow of foreign funds into KLSE. The reality is otherwise.

By the way, EPF has now divided its fund into syariah n non-syariah. The syariah side does not have finance sector shares in its porfolio, hence the need to dispose of part of its finance sector shares. This, I think, is the reason why it sold Maybank shares like no tomorrow.

RHB posted a drop in profit due to S'pore loan impairment.

Hi skyhawk, I have just emailed you. thanks a lot.

Trade online. Do not use the services of a remiser. When he panics, he will make u panic as well.

i think the guru is referring to Genting M and not Genting Bhd

The fire sale has already been absorbed. Hope these 2 gentlemen would give a chance for Tune to recover.

The candles are now moving back into the Bollinger bands.

Looks like they have finished selling.

There is nothing wrong with TunePro. But the technical picture has been damaged by those 2 gentlemen.

Those 2 gentlemen are hard up for cash, I think. Selling whatever price they can get.

Ask those 2 gentlemen not to frighten the market or else they would kill the golden goose.

A fire sale by those 2 gentlemen?

Hi, skyhawk

For those who are interested to trade FCPO (palm oil futures) n hv yet to register, pls do so as the next '2 weeks free trial' will starts on Sept.Its in a 'Live trading room' experience thro whatsapp.....

I have been away fr the market for some time. Mind to tell me where to register? Many thanks

If foreign funds really come in, then Digi can move. The reality is there are not much foreign buying despite the news we read in the newspaper saying foreign funds are in.

Oil may be up at this moment but UMWOG is involved in oil related services and not selling oil. All oil companies have cut down their investment, hence there is no new jobs for these oil-related services companies even if oil is up at this moment.

I suppose this is a thinly traded share which means a trader will have a hard time selling his share after buying. That is why there are no takers

FGV themselves has already withdrawn fr RSPO. Why should IOI clients source fr a non-RSPO producer? KLK, UPlant are the beneficiaries.

Good one, Calvin. Yes, technology changes the world. And these are its after effects.

Not much as it is not a data draining app.

Probably the foreigner funds are still stocking the warehouse. Until their warehouse is full, the train would not move. Perhaps this is the nature of stock markets.
If u want to make immediate gains, u have another option, Explore the futures market. You either make a profit or loss in a matter of minutes without having to hold your bet for days or weeks.

This share is a slow moving share. U can see some big sellers have sell orders at 1.67 even though they can't sell. Why not they wait for the price to reach 1.67 before putting the sell orders. The other aspect is the insiders have not accumulated enough shares but wants to buy cheaper.

Look at the weekly chart n u will see Maybank's head and shoulder pattern. It broke its neckline abt 8.20 which is a major support.

I agree.

stocktrader3's link to the article might be a clue as to why there was a selloff.

kneejerk reactionlah. eg.Brexit will affects abt 1% of Genting's profits, yet u can see the initial selling pressure cos ppl make a lot of worse assumptions.

Maybe the ones watching are 'fun managers' not 'fund managers'.

From the chart, I see big shareholders dumping the shares.

Ask Maybank staff yourself, what they think of Wahid. The last time asked one of the staff, I got this answer. the staff promptly split on the floor!

Taurx still intends to file for approval with European n US regulators as a monotheraphy drug. Another 2 phase III results will be disclosed in the coming months (From The Edge daily). All is not lost.
This stock will remain a highly speculative n volatile stock.

Looking at it, Taurx is not a total failure. A partial success. The question is whether FDA can consider. The market is not giving up hope.

The thing that is driving the market is sentiment or crowd instinct.