They dumped everything towards the end. End volume over 160 million. Towards the end was only 40 + million. Hopefully, they have sold everything.

Strong support around this 8.18 level. Maybe things will go normal tomorrow hopefully.

Deutsche Bank pegs TP at 7.40

Hi, linges -MSCI TP 7.50 ... I thought all these TP are given by banks, thus MIDF TP for Maybank blah blah...
But what is MSCI TP ? Pls englighten me.

The KLCI already peaked n is now on its corrective wave down. That is why u see 'sell in May n go away'. Nothing specific about any counter.

They just accept the buyer's offer.

In fact, the whole telco sector. Axiata is also facing problems overseas as foreign gomens tried to milk it dry. All in all, a sector that is recession-proof has been mortally damaged. The sector lost RM42 billion in market value. EPF & KWAP having overweight position in telcos are all hit. In order for KLCI to inch up, what shares must be pushed up now? U guess but no prizes.

On the contrary, AFG profit up! What happened to Maybank. management underperform.

It is at its support level now. With big sell side, they may let it slide to get rid of these sellers before supporting.
Despite the drop in KLCI, the average PE ratio has increased, indicating most companies reporting below par results. The glut of shopping malls & condos in face of decreasing domestic demand, would banks see a drastic increase in NPL?

I wonder if he play futures. For example CPO futures has an average of 40 points volatility each day. And he can use his acumen to profit from it.

Gomen here increase spectrum fees. Other countries also try to other means to milk the telcos dry. Having regional footing does not necessarily shield the telco. Prospects for all telcos not good.

Taking into account this dividend, their cost is $2.35

This is a hopeless company, formerly FACB. I have 100 shares left after countless capital reduction. If Dr Chen wants it, I am willing to give it to him free. 5cts x 100 + ? what do I get?

See Star today -Axiata facing headwinds in Bangla

Those who kept their IPO shares after taking into account the dividends they received would have their cost of Maxis at $2.40.

Heavy selling.

Results already out.

Sure, hng33 is one of the wisest players I have ever come across. He would be good at playing futures too.

Support at 8.15 - 8.20. If it breaks, another storylah. KLCI index fell but the average PE ratio has risen, indicating companies reporting no-so-good results. The massive built of condos & shopping malls in face of dropping demand means massive NPLs for banks?? A recession in 2017? With the stock component of GDP growing in the last few qtrs, it means demand is on the decline.

As at 31-12-15, Digi's net gearing ratio is 2.48 times
Maxis' net gearing ratio is 1.86 times

AS at 31-3-16, Digi's net gearing ratio is 2.1 times. It is no longer debt free it used to be.

Unfortunately, this is a fact of life. Just walk into any bank, customers who are qualified for the so-called "premier banking", "priority banking" and the like, do not have join the queue. They have a special dept to serve them. They enjoy preferential deposit rates, forex rates etc. which the small fish is not entitled. Every CNY, ang pow packets are reserved for them. Changing new notes is easy for them.
This is the so-called CRM -customer relationship management which every uni student majoring in business study. The purpose is to flush out the not-so profitable customers & spend more time and resources serving the more profitable customers.
Even casinos employ special software to track their customers spending habits & offers for 50% off hotel rates are given to them. What to do?

Sure, Chua has the capability to hold for years. If you also have, no problem then.

If u read Lundal's interview: "I'm guessing between 3 and 5 million and I have seen over 10 to 12 years-that changesm to whichever operator has the latest promotions ...They follow all promotions..The majority of them are probably multi SIM cards and lower ARPU cards... They are promotion seekers who shift around to the lowest promotions."
This group is akin to wanderers goes to any MNO or MVNO which offers any promotion. Any telco which got this type of subscriber has nothing to rejoice.. for they will be leaving when another MNO or MNVO offers something temporary. WEBE, launching another round of price war soon, will see them leaving "comfort in the new found line"

KLSE is getting less important for foreign funds..more riskier ... Hence the drop in weightings

The insiders are already selling prior to the MSCI dropped. The sell-off started from $5xx. You lost because the playing field is not level.

What makes u think foreign funds will come back? Now foreign funds are cutting down exposure in M'sia. Corruption issues. So many things are happening. Even if MBB does recover, it is likely to be gomen funds buying rather than foreign funds. M'sia needs the world but the world does not need M'sia.

Still got TNB lah. They defend the share at lower levels and not defending a particular price to buy all the sellers.

That style of playing is reminiscent of the 1980s & 90s. It is bound to fail today as the internet has made the playing field level a bit. Ppl now can glance at the charts to see for themselves whether it is worth risking their $$$. As early as Feb when CMSB was trading in the range of 5.00 - 5.16, the charts have already indicated weakness ahead.

But share prices are forward looking.

Simply the KLCI has already peaked. It is now on its down wave with intermittent rebounds. If u recall, the uptrend started during the 1998 lows.

That is the reality!

Lots of sellers on the sell side now.

In the first place, why everybody believes him? Share trading is a zero sum game. Your loss is my gain.

selling seems to start again

Everybody seems to have this answer - EPF will buy everything. Ha Ha

I did buy heavily in Sept 1998.

Maxis may have lost those subscribers generating little revenue but the point is those generating lots of revenue are still with Maxis.Let other telcos grab these small revenue generating subscribers, it does not improve the profit much.

Calvin, I agree with you. If it is the 5th Elliot wave ( taking into view the 1998 lows), then the KLCI would be riding along its down wave with intermittent rebounds.
This article appeared in "the Elliott wave Theorist" latest update, "Malaise for Malaysia's Stock Market: Just the Beginning?
The answer is not in China. It's on the Elliott wave labeled price chart."
Unfortunately, I am not a subscriber n am not able to read its conclusion.

So what range do we expect the KLCI will move? I expect it to be 15xx to 16xx. The new normal.

Too many telcos now. All will lose. The big 3 including TM is inside KLCI index. Now all these counters have no more wind on their sails in view of recent regulatory developments.

Like it or not, it affects KLSE. Ignore it at your own peril.

MSCI is the benchmark for foreign funds which invest in Bursa. So, foreign fund managers will increase or decrease their holdings accordingly.

EX-div, its share price drop by the amount of div.

But do not know if the selling will continue on Monday.

Tomorrow no market.

If they are not buying then who is buying? Foreigners are selling the shares back to u.

Maybe this is the collateral damage done by 1MDB.

This is typical of a counter with no volume.

The news is Public Bank's weightage in MSCI will be increased while Maybank would be dropped.