Glove will be back in next 2 qtrs. Time to rebalance portfolio. Constructions and utilities and Oil n Gas loosing steam by then

Good time to buy if willing to hold 3 months :)

Hiring in HARTA is real since this month in line with the increase of production next quarter. Revenue is flat qoq however the sign of recovery is clearer 2 quarter in a row.

Hartalega is hiring people in production in masses, expect uptick in production volume. Production planner sees the number 6 months to 1 year down the road. A very good sign of recovery

Oh today FT is on holiday

No worries, shorts at work , funds are accumulating. Have to go long. Back to glove after nearly 2 years :) ~800k short volume, yesterday vs normal 100+ shorts volume. I see some covering at the end as well. Lets see how it goes today total nett short seems to be reducing.

oklah. Financial services has better margin and ROE. Technical looks good. Fundamentals , we can't be sure. Take some calculated risk lah

cukuplah 35+ %. Will come back later. Selling has always been the most difficult decision but you can't time the highest.

Maxis will be back

5x normal volume yesterday and today surpassed 5x during half day. Will let it sizzle down b4 selling

So how now? Will it surpass 0.5 resistance or take profit?

Both techinals and fundamental so are strong next week. Should see better movement. Good luck

Sudah 2024 Bro

Winter snow storm to hit east coast USA and northern Europe. Polar vortex is back this year. Impacting oil production and increase in heating oil. Until Feb.

net short position peak 0.95/0.96 this week (tue/wed) short covering till 0.93% yesteday, i see the same trend today. So...don't miss the boat

2024 looks like bounty year. With usd weakening and US to reduce interest rate in 2nd half. Bond yield expected to go down and money should flow in to Klse. If oil price maintain above 80 plus will be another good sign.

Share buyback

The accumulation and distribution line is on the uptrend while prices maintain sideways since Aug. So we can predict funds all slowly accumulating at a this range and will form a strong support level. When will it rise solidly? It depends if the money market , MYR will strengthen soon , this will be the catalyst. Selling pressure above 10 is getting weaker too. Good luck 2024.

Nearly 5 months of sideway trading 9 to 10. Any sign that will break the resistance soon in 2024 ?

Volume sudah tambah, share buy back juga. Slow and steady

Don't over analyst, just buy , BA business is still solid. Shorts at play for big funds. Just observe the net short trend. Is stabilising and they will need to cover their shortd soon

Can top up. Heavily shorted should stabilise this week

Should test 0.6 soon

Have to monitor how US sanction on Iran oil takes place and how the war escalate . Straits of Hormus is control by Iran, the main supporter of arms to Hamas. And how Lebanon reacts via Hasbollah , Lebabon cannot afford another all out war with Israel. I suspect US will declare a stronger stand towards Irananian oil.

Expect oil price to reach 100. Let's see if US will sanction Iran oil export and how middle east react to the Hamas attack

good time to go in again. 0.53/.535 oklah. US bond at its peak and will retreat, US dollar to weakend and Oil price goes back up and the cycle continues. Oil price demand will not improve , more of a supply side price movement and how the dollar index move.

can swing again :)

Very solid volume above 10, 27 Mil shares in a day. Highest in last 1 year(~may2022).

easily broken :) let's how long before it swing back :)

Lets see if it can test the 10-resistance level solidly. Hopefully third time is the charm.

third time the charm to test 0.55 resistance. Let's wait and see. Good luck!

Ock volume is back

Good time to go in now. Good luck for a quicker buck.

thanks for the tips, will check it out

Hold first as OCK financials are predictable. The current concern is the tower business is dragging down the Return on capital employed/invested. This ratio will not improve unless they split the tower business and services. We cannot be sure when they will officially declares this to unlock its true potential. Certain IB might not be concern on ROCE ~3% as if you compare within the telco industry it is around this number. Anyway technicals/ price action /volume is looking pretty good. Most weak holders are selling as it is a bit boring . KLSE can be speculated by the IBs and we cannot be sure what is the next play but choose a good company , for mid/long term portfolio and swing trades those that are heavily speculative (that will take good sets of charting skills). Good luck , I am not throwing in the towel yet :)

what is there not to like, all financial ratio improve but no dividend :( ... No IB coverage on OCK :(

within expectation oklah 10.3 Million pat 98c EPS.

Coal fuel hedging for Malakoff and TNB amounting to the same fuel margin loss of ~565-570 Million but you don't see this amount in YTL-P . Huge mistake of 1 billion ringgit due to someone's risk appetite. Where is the accountability?.

If profit ~10M better announce dividend. Kacang also canlah , siok sendiri in this forum :). Tower business they will also announce the plan or in another words commitment to split.

Volume is back. Hope for a good q2 report. So lonely but slow and steady. 4 months 10 percent increase oklah

Well absorb. Not concern about TNB. Only a bit sad missed out on YTL P :( , never imagine profitability can be better than national utility

Impacted by negative fuel margin 565.7 M due to reduction of fuel prices and timing of ICPT/IBR payment. ICPT/IBR mechanism goes beyond quarterly reporting timeline. But one thing is for sure, if the share does not go up it will go down. :) Lets wait how the market react.

Do your own home work

No worries. Look at the cash flow statement and you will understand why this is a very strong quarter. ICPT payment will always have a delay impact. The 4 billion in July will benefit next qtr an so forth. 16 b from operating activities vs1. 8 b from corresponding period.

Not that bad, expect one more insignificant quarter in Q3. Fundamentals still solid

kita semua sama saja :) tunggu how low will it go !

Wouldn't accounting principle required to input impairment charges due to assets/vessel underutilization? As explain should be minimum as only impacting less then 1 months in Q2, does not matter for long term holders. Short term traders looking for knee jerk reaction opportunity. Good luck !

Penalty by Enquest will be consider impairment charge not asset lost . Everyone is guestimating right now.

Really good news and set precedent on all reinvestment claims moving forward. This is since 2015 and analyst were immune to IRB notice of assessment.
2015 – additional assessments of RM2.1bn
2019 – issued notices amounting to ~RM4bn
2020 – additional assessment of RM1.8bn

How much will be the impairment charge this quarter and next? In 2018 Q2/Q4 it was 1,6 billion due to delay in commissioning Kraken and quality of crude being pump up. Expect lower revenue of <500M . High chance of seeing red depending on the impairment charges (>250Mil?)