I owned this stock in the past when analyst give it glowing TP which never came. I do not believe them n I did not keep the stock for long n sold it for a small profit. Its weakness is it depended very much on AirASIA for business. It has an EPS abt 10 cts.

This time through the General Elections which the UK Gomen would be expected to call.;

Ha Ha, Brexit may not be final...
See Next Trade about Brexit written by Alex Lu. A tactic by Cameron to appease Brexit supporters within his own party. The final decision may well be the General Elections in which this issue would be put before the voters again. This time the UK voters will vote Bremain.

See Next Trade about brexit written by Alex Lu
...Meanwhile HMS London is rudderless. The Conservatives will likely elect a new leader to spearhead Brexit in October. After all, Brexit referendum was Cameron's tactic of appeasing a faction in his party that wants the UK to exit the EU. Any deal negotiated by the new leader with Brussels is likely to be put before the people. Thus, the UK will probably have a second referendum in the form of a General Election where the Conservatives would argue for the people’s ratification of the Brexit deal while Labour party will argue against it. That General Election will decide the final exit from the EU. And, it's because of this likely General Election in a not-so-distant future that Labour party leader, Jeremy Corbyn is now experiencing a challenge within his party. Many of his party leaders want a more dynamic leader to lead them into the next General Election....

He gave a glimpse of what is to come for UK after Brexit.

Britain is not an economic power. Nor is she a superpower. What are u afraid of ???

A drop in value of Pound would mean less profit for Genting M. But our RM also dropped. The effects are not linear. Like they say El Nino cause palm oil prices to rise. But the quantity of fruits harvested dropped. So the net effect is less than what ppl expected.

The articles about Genting n Taurx is inside The Edge Weekly.

Our exports to UK is around 1%. EU is still thriving without UK. I think it is the forex markets that will indirectly impact us.
Maybank's UK loans amounts to 0.3% of its total loans. While UK casinos contribute less than 1% to Genting's profit.

Genting Bhd is the holding company of diverse business - gaming, resorts, power generation, palm oil plantations, pharmacutical field etc. However, share prices at times have no relation to fundamentals. It overshoots. It all depends on yr risk profile.

I bought Maxis at the avg price of 5.80 and sold at at an avg price of $6.20. Ppl were saying maxis would drop below $5 but it did not.

The Edge Weekly reported clinical trial results of Taurx drug would be out in July. This is the wild card.

The ones most impacted is YTL Power, SP Setia, Sime, KWAP....

The one impacted directly is Genting M. At the peak, it contributed 11% of its profit. Genting holds 49% of Genting M.
Genting Bhd's profit contribution from UK is less than 1%.

hng33, do u play futures? Your style quite similar to mine when I play CPO futures.

short term turmoil. Britain is not an economic power. Nor is she a superpower even though she pretended to be one.

short-term turmoil. Britain is not an economic power. Nor is she a super power even though she pretended to be one.

If Brexit wins - the fear is the sentiment may spread to other members of EU.
Among the considerations are :- Britain's borders are no longer secure n venerable to terrorist attack. - Cheap immigrant labour will press down wages just as it happened in M'sia ... Business keep hiring cheap labour n keep singing the song that locals are not interested in the jobs.

if Brexit wins - USD up - MYR down

The One - I think yr explaination makes a lot of sense.

Hi "The One" - why is it that 'RHB will do its best to curb Maybank from exceeding 8.20 till mid next month..' ??

If Brexit yes wins: GBP to test multi year lows. Safe haven proxies like CHF, JPY, USD & gold will surge. oil prices would come under pressure.

The 50 day & 200 day SMA staged a dead cross on its daily charts suggesting more weakness to come.

twobits: this time I look at the KLCI thru' the Andrews pitchfork structure. The KLCI tried to assail the 200 day SMA but failed n started losing momentum.

connie: my view is KLCI has the potential to drop to 158xxx

FED leave rates unchanged

Fed leave rates unchanged

In the 1997/98 crisis, UMBC collapsed. Some Oriental Bank staff who borrowed money to buy its IPO went bankrupt. In crisis, nothing is safe.

I agree Brexit is good for UK after witnessing what happened to Greece although it will unleash turbulence in the markets.

2 cts divdend is a non-event. Why must it go up on news of a 2 cts div?

Now only Dr M, those after him has also shown incompetency. Why must a nation keep running higher n higher deficit even in good times ?? Having done that, when the crisis comes there is no more room to move. Then they keep on praising GST. Don't forget Greece also has GST.

Yes votes for Briexit leading in polls. The fear is the rest of the countries inside the EU would follow suit should British yes wins.
It is my opinion that Europe should revert to its old days before the "Europe without frontiers" which is now causing so much problems to its member countries. Greece went bankrupt due to capital flight within the Union.

Warrants are the tools of the bull. Now, is it a bull market or a bear market, u judge.

The question is really how we would be affected if those "yes" votes win.

Those for Britain to leave EU leading in polls.

Everything is possible. It is also impossible that MBB's NPL would not rise while those of other bank's NPL rise. The tide affects all players.

Maybank breached its Head n Shoulder pattern in its weekly chart today. The breaking of MTF support level of abt $8.17 should see Maybank below $8.00 to complete is 2nd zig zag to abt $7.7xx

I thought we cannot sell short?

In its recent run to 9xx, EPF is the seller. The ikan bilis are the santa Claus.

PNB got the shares very cheap. It won't fail. It is the ikan bilis that get clobbered.

From its lows in 2009 to its peak in 2013, the KLCI enjoyed almost 5 fat years. Then from its decent in mid 2013 till now, it has not even corrected 38% of its gains. We are actually selling in those small uptrends in a bigger down channel. We have to be careful and not to be greedy.

KLCI recovered due to gains in Petronas counters.

MBB breaches neckline of head n shoulders pattern in its weekly chart at $8.17

They have already killed the golden goose which gives good dividends to those pension funds, investment funds .... n this trickles down to the common man who invested. Now, the golden goose, having been killed, these funds will also give less dividends. Retail sales have already fallen... and more to come. These telcos which acted like a pillar to the KLCI whenever there is a selloff has already crumbled.

connie - I am trying to fit chart patterns to validate wave counts. e.g. Maybank- I got my wave counts wrong. The recent run up since Feb is actually a B wave in a double zig zag downwards. I notice in its weekly chart now - it has staged a head and shoulder pattern which typically occurs in a 5th wave. The neck line being $8.19. Should it break this support, I expect it to reach $7.71. Right now it is still holding provided Yellan does not give some bad news n Briexit turns out to be a non-event.

connie - I find that during the 1st wave, it is hard to have confidence to place my bets. When the 3rd wave begins, price have already moved up a lot. But waves are still useful as it tells me what position the rally is in. Waves are great. But I am trying to find some other methods to complement it.

Hi connie, busy trying to learn something new.

KLCI made 3 attempts to breach the 200 day SMA but failed.

In China, private hospitals have low social recognition and a limited number of outpatients unlike those here and in the western world. Even though the China market is vast, so are its challenges.90% of China's healthcare is provided by state hospitals. To reap the benefits there, it would take a long time and a paradigm shift in the population before it can happen.

The support level is around 8.17

xenos - if u zoom into its weekly charts, is this the classic head n shoulders pattern? What is yr opinion?

There is no reason for it. Everything is supply n demand.

Gamuda is gradually losing momentum. The market is cautious now. What are the chances it will touch $5???