It is the normalised EPS that counts. The question is what is the normalised PES, taking into account the new normal after vaccination ?

It is not easy. Investors frown on buying into a few qtrs of exceptional EPS only to find the EPS dropping drastically under the new environment. This probably explains the disconnect between profit n share price.

If one can recall, Titan Chemical was listed at the peak of the company's performance n the nightmare started to unravel after its IPO.

Genting is just a holding company of many subsidiary companies. Some subsidiary may make loss while others may make profit. It does not mean that just Genm makes big losses, so Genting must also make big losses. It is a matter of offsetting profit n losses.

Most of its losses have been offset by other subsidiary companies like Genplt, Gens, China businesses etc.

Genting does not own 100% of its subsidiaries, part of it is owned by LTK's private companies. Deducting the loss not attributable to Genting shareholders, the loss to Genting is 130 million.

Brazil received the first batch of Sinovav vaccine

Even if it is a qtr loss, it is already history. Share prices are forward looking. With coming of vaccine, it is now early days like gloves in Feb.

Unfortunately, this is a thinly traded share. Like Petron or HL Ind. Those who own the shares n wish to buy more can sell it down by 100 shares n buy cheaper fr those who panic sell. More so, during a weak market

Yesterday's so called 'adverse event' is not due to the vaccine but Brazil's internal politics.

Biden: 223 Trump: 174 (cna)

Dem in control of House of Representatives. (source: cna)

Biden 223 votes, Trump 145 votes (source: cna)

Telcos declined after Jibby milked them by a sudden increase in spectrum fees. That was 2017.It felt to a low of 5.60 n months later recovered to 6.40. That was the price I sold, having bought it in 2009. The real problem is the gomen trying to cover its financial shortfall. The telco went into a free fall ever since. This time around, I have a feeling they would milk the glove makers.

Hong Kong scientists announce that common drug used to treat stomach ulcers is successful in treating Covid 19.

All politicians are self-serving. In my area, flash floods occurred during BN state government. After PR came into power, the problem remains the same. Then, came PH, there problem remains the same.
They can't even build a new drain across the road.

Those young ppl in Sabah would probably have to continue to climb trees to get internet.

Like it or not, warrants are here to stay. All international markets have warrants as products. The SC has ruled in the past that the issuer of warrants has the right to trade the mother shares.

It is no brainer that the issuer will sell down the mother share to make its warrants 'out-of-the-money' before expiry.

But, what if the mother share goes up n the warrants are still 'in the money' ? Doesn't this issue should be brought up as well ? Why is the issuer acting like santa claus giving out money ? Who are the beneficiaries ?

I myself have sold some 'not so hot' shares only to find that the shares went up on the day its warrants expiry. I suspect it might be a payout to some well connected persons.

The SC should rule that issuer of warrants should not issue investment reports on the mother shares lest there be a conflict of interest.

From the Elliot Wave perspective : A triple zig zag for TG ?


https://www.tradingview.com/x/teEkhbBI

Posted by blackleopard > Sep 15, 2020 12:52 PM | Report Abuse

There are some jap multi-national companies running standing operation (no sitting during working)from 7-7 with only 50 minutes break timefor whole days. Why not those western human right activists sue those jap companies???
Obviously those westerner have their own agenda & evil intention.

You are absolutely right. NZ is one of the 5 eye countries, what do u expect ? Australia mount its moral high horse to lecture about human rights. But read this (just google):"Witnesses say Australian SAS soldiers were involved in mass shooting of unarmed Afghan civilians"

When they leaked out the info to the world that that J20 planes' engines are under powered, most analysts believe it. Why would a country leak out its weakness ? Unless, they have already a fix for it.

TG - company buying back its own shares. HARTA- Boss buying back. Huge difference lah.

the above refers to Harta. The same pattern is also seen in TG

It is the big funds that are selling. MQ would probably influence ikan bilis but I do not think it influence big funds as well. I have posted in other blogs here that after 5 Elliott waves up, an ABC correction would correct the prior 5 up waves. It reached wave 4, the support level.

The question now is whether the correction is already over. I would peg the steep decline as wave 3, the upwards correction as wave 4 n we have probably another leg down.

Posted by johnny cash > Sep 10, 2020 5:40 PM | Report Abuse

BURSA DID MENTION IN EDGE MEDIA, THEY WILL BE CURBING OVER SPECULATION.. I THINK MANY ARE INVOLVE, NONE ARE GIVING OUT ANY STATEMENTS.. EXAMPLE BURSA AND SECURITIES COMMISSION, BANKERS AND MUCH MORE ARE INVOLVE.. THEY ARE DOING FAKE THROWS WITH LOW VOLUME, PURPOSELY DONE TO PULL GLOVES DOWN. SELECTED IB S ARE ALSO INVOLVE LIKE MACQUARIE.. LOOK AT SECURITIES COMMISSION SO QUIET, NOT TAKING OUT ANY STATEMENTS.. BURSA MAIN PLAYER IN THIS

But 'the many are involve" also includes EPF. EPF is known for drastic sell downs n buying them back again. So how ???

The 2 glove makers are inside the KLCI. The KLCI is poised to correct its 5 up Elliott Waves to abt 1456. We are looking the probablity of possibilities. How would these 2 glove makers fare in face of this correction?

https://www.tradingview.com/x/iXhgjVn4

A cursory look at the chart shows the support is at the level suggested by MQ.

from the lens of Elliott wave n Market geometry, the landing ground ...

https://www.tradingview.com/x/e7F6VBiN

there is a thing called 'sentiment'. Most vaccines are out by year end. Whether it is effective is another question. Russia is doing mass vaccination by year end. China revealed that it has already vaccinated its front line health workers. The 2 largest glove makers are inside KLCI components.

Where is the KLCI heading in the near term ? From the Elliott Wave perspective, after the end of the 5 waves, a correction will occur to correct the 5 up waves.

https://www.tradingview.com/x/tQuQBOww

The MSM in US like CNN, Fox .. all peddle fake news. China does not export revolution. Who cares.

From Elliott wave perspective, it could end at wave 4 (after completion of the 5 waves)

https://www.tradingview.com/x/9bH0qoof

My guess - RHB exposure to GentingHK is 420 million. MBB exposure to GentingHk is 1.46 billion

I have this RJR in the 1990s. Its price did not exceed RM10.00. I held it for dividends until it was taken private by Japan Tobacco. I gain from dividends as well as capital gains when I sold out. If u expect a big recovery n expect a home run, then it may disappoint.

As to Harta, the latest qtr is a glimpse as to whether those bank analyst said is correct. Your generous projection of 0.39cts EPS does indicates that it is largely sentiment driven. As is always, those who play to the last cent will be disappointed.

US glorifies slave traders n owners with monuments. Yet, they ride on their moral high horse to talk about human rights. Block UN investigation into war crimes committed in Afghanistan is a denial of human rights.

USD1920

Gold looks poised to retest its 1920 highs or surpass it. I peg it as the final 5th wave of the wave 1 n 2 that started in 2000 at USD252

Contra players in a dangerous situation.

Not circuit breaker. Something wrong with their system.

Confirmed :Bursa cease trading. Last price for TG = RM19.70

Bursa server is down.

Dow futures in the green now after Novarro makes U turn.

The Fed was bluffing all along. They could not stop their QE. The mere mention of scaling back QE spooked the markets. They could not normalize their interest rates.

Munichin said as long as USD is still the currency of international trade, the Fed could do QE forever. If they keep preventing other countries from using USD thru sanctions, it will be the end for them.

3.14 extension typically signals a parabolic state of price behavior.

Will it continue to shoot up ? Well, in markets, everything is possible.

https://www.tradingview.com/x/WOiBNekO

Nothing new. The western press reports big headlines abt their networks being hacked. But they do not report abt them hacking other countries' networks.

This is what Snowden said :US 'hacks China networks'

After fleeing to Hong Kong, Edward Snowden told the South China Morning Post that the NSA had led more than 61,000 hacking operations worldwide, including many in Hong Kong and mainland China.

He said targets in Hong Kong included the Chinese University, public officials and businesses.

"We hack network backbones - like huge internet routers, basically - that give us access to the communications of hundreds of thousands of computers without having to hack every single one," Mr Snowden was quoted as saying.

In the 1980s, competitors in western countries claimed that Malaysian-made gloves have minute pin holes. Even the Danish based company in Malaysia, EAC, was not spared. It failed to make money from gloves made here.

From the technical perspective, the support is at abt 4.50, the resistance at abt 5.00 But the actual tradable range is abt 4.50 to 4.75 as ppl are less able to buy n sell at the extreme.

You can calculate the risk-reward.

Can it go above 5.00 ? Yes, provided air travel returns to normal. Vaccine is available or better still medicine is available.

Genting depends of local funds, retail players n foreign funds to send its price up. Looking at it, most of the funds n players are trading for a profit.

A down channel for BAT
https://www.tradingview.com/x/Wvjz8ILY

TM inside KLCI index but only evoked a tepid response. Also in the red this morning. No big deal.

Airport went up because planes are starting to again. If air travel reverts to normal, Airport price would already have shot up. Stock prices are forward looking.
If u look the GLCs, including those in oil .. all went up.

Barber shops can't operate. But where did the politicians cut their hair? All have nice n neat hair.

Award of new spectrum withdrawn.

With huge volume in the past days, yet TM only shows spinning top candles. signs of weakness ahead ???

BAT has likely formed Elliott wave 1 n is on its way to form Wave 2.

https://www.tradingview.com/x/uSP9Lbia

But MIDF sings a different tone.