Thanks TTV. The market is punishing the stock base on this quarterly. They need clarify the accounting principles to the investors. By right receivables paid should part of the credit to the accounts receivable and no impact to revenue

btw, how did the revenue drop so much qtr to qtr? As I only see a ~3% drop on the electricity demand qtr to qtr. It looks like we were in lock down in Q4 :(

The only thing troubling me is the receivables increase from 22.8 Bil from 10.5 bil in 2021. I don't see the paid receivables in the cash flow. Current assets balloon from 27Bil to 45 bil in2022. The total equity of 61 bil looks promising but receivables is still annoying. Have the ICPT being paid up as earlier agreed, i am not very sure as not really visible at the moment. Have to wait for the professional to dig this.

Expect quarterly revenue to be flat or lower compare to Q3 based on the net energy demand on TNB website. Just a rough comparison Q3 Vs Q4 , slight drop of ~10MWH daily demand especially in Dec 2022. But they will reduce operating costs by spinning less as the load factor remains the healthy. Anyway, i suspect if no extra taxation the PAT should improve slightly and also govt ICPT receivables payment should be healthy. IPP generation revenue of both YTL power and Malakoff turns out to be stellar. How will TNB fair? Eager to find out if ... Good luck fellow prospectors.

Expert another round of USD strengthening and wti oil price hover around USD70 for the SPR to buy back. At least a few weeks. US market should go side ways with a few bear market rallies . This cycle should continue until at least 3rd qtr. So sideways trading strategy applies.

The DNB review will complete by March, based on current political will, you can bad they will revamp the current single whole sale network by DNB will be split out to allow better competition and potential infrastructure sharing by all providers similar to 4g before. Cell site and infrastructure development has to continue with current 5G penetraion at only 38% (DNB declare 50% but retracted). Bare in mind OCK and Edotco will both benefit from this stalemate, once the review is announced. To go from 38% to 80% 5g expect huge investment in infrastructure and services. One more month to join the fun. Good luck anything below 0.40 is a good deal. Good luck

Rycar8111 : My take is that local institutional buyers, especially kwap and EPF is moving in slowly and other local IBs as well . Net short position is stable at 0.16% but you can see it when there is weak buying support it will be shorted down briefly before buying continues. Only institutional buyers can do this . TNB fundamentals are solid and with US dollars expected to continue to weakened, more money will come in to recession proof stocks. Expect good quarterly earnings as well as TNB earnings corelate with GDP growth rate. Might take a few more weeks to pass 10.00. Many retailers are waiting to sell at this psychological number . Good luck everyone!

Just come back from Holiday miss the breakout party :) Lets see the support level before the end of this rally. 10.05 looks doable. Lets see the qtrly report, earnings and cost of operation should be good news

Time to load off.. Good luck guys

No worries the funds are playing to move it up slowly. Shake out slowly to get the weak holders to sell. Similar patterns seen in many key counter. Can only hope the no other major events to break this. Minor resistance at 9.50....more consistence volume at least today. Hopefully we see a solid breakout soon.

Looks like it..we have to think where is the IB going to park their money? I think coal price drop is gradual with the mild winter in Europe as they have over hedge causing it to rise unrealistical last qtrly. Dirty energy needs to go and coal is the first to go... They are even bringing back nuclear ...anyway Green energy stuff will continue to confuse me.

I just look at the flag pattern cheat sheet :) , it could a non-directional or a rising wedge (potential drop pattern if cannot break the resistance . However if you look at economics and where is the money going to flow. Things like china reopening , inflation rate is under control(interest rate hike to be dovish), oil price benefiting M'sia economy. I still think is on an uptrend and major analyst are advising to look at recession proof stocks. I am choosing utility, OnG and Telco (for the fact that 5G is only happening this year if gomen don't screw it up again !). Good luck to all , nothing is certain , all boils down to your risk appetite.

TTV, no hungover but not enough sleep :) . Yes the charts looks like a long end of the flag pole. By right if it is an uptrend should break the resistance soon , however volume is really too insignificant. The lower low is getting lower meaning less retailer willing to sell . However if you look at MACD /RSI does not look too promising. Cannot really get a confirmation. Better to wait and see and go fundamentals especially the Q4 results. What say you?

5G wave will come soon. It has been a long wait but ini kalilah...no choice for gomen ,has to roll it out this year. Should see some interest back in Telco

DOSM IPI reported in Jan 11"The Industrial Production Index (IPI) rose by 4.8 per cent in November 2022 after recording an increase of 4.6 per cent last month. The growth was further augmented by Mining and Manufacturing indices which expanded by 6.1 per cent and 4.8 per cent respectively. In the meantime, the Electricity index turned around to record a positive growth of 1.2 per cent during the month."
TNB revenue should be flat , ~19.1-19.2 Bil range . Operation expense will not be any surprise, all depends on the Q4 taxation. Also the receivables numbers depends on how much TNB has receive so far form the gomen commitment, should be positive based on the media reports. Happy Chinese Newy Year

https://www.dosm.gov.my/v1/index.php?r=column/cthemeByCat&cat=91&bul_id=VzBRT2VwaURtN0VMeURLcWphL2Fsdz09&menu_id=SjgwNXdiM0JlT3Q2TDBlWXdKdUVldz09

head and shoulders pattern forming, might see a reversal . Short term reversal, then side ways . US is planning on buying back oil to replenish their strategic reserves. They will manipulate the market for it to drop to near 70s (WTI) before buying back. Expect some downward pressure before any potential to go up further.

We use to have the CNY rally when retailers were a major force in KLSE. Might not happen this year and potential break can only happen during the Q4 earnings report end of Feb. Slow and steady is better compare to the sell down we see during the KWSP withdrawal 1.0/2,0 ....I think too it should break 1500 this week.

US inflation data on Thursday. Many predicted inflation rate will continue to improve and FEDs to slow down the rate hike by only another 0.25. If that happens dollar index will continue to drop and oil price will technically increase. Lets see how it turns out. Armada seems to go up and down based on oil price and not on what contract they secure...this is how it works short term.

3rd time testing the 1 year high of 9.5. Not significant volume but a very good sign IB is slowly accumulating. If buying competition comes expect some quick spike but currently looks like KWAP and EPF is doing the major buying and in control. Very good start of the year.

Good sign, EPF is not here to lose money. I think will test the recent meaningful high of 9.50 for the third time before it can go up any further. Retailers don't have the funds to do it. Only EPF/KWAP or other Inst Buyers. Accumulation phase and bit of shake out before it can go further.

Deekay, it has a long wait. Last minute surge for the last 3 days. See if it can break 9.50 for the year end rally. Looking good. Happy New year to all traders

I remember showing vaccination rate efficacy and projected vaccination rate in mid 2021 and advising an exit strategy. I was reprimanded by many as nonsense as many were still holding on the hope it(pandemic) will go on forever. Strange behavior, never think with emotions.

Lets see how KLSE will do today and tomorrow . QWH on 16 dec. Expect major volume on key KLSE stocks. China reopening since last week has seen momentum in domestic travels . Expect oil demand to increase. US will buy back nearly 200 million barrels from the current strategic reserves of <400million barrel. Normal reserves is >600million. No more spare tank and is a national security risk. Feds increase 0.5 % but hint it might increase final/terminal rate beyond 4.75% in 2023 and slightly spoke US markets. With all this, OnG should be on a bullish momentum.

Boring until Thursday and Friday. The flag pole and flag pattern still intact and generally TNB/KLSE is on a mild uptrend, i think will test the recent high 9.50. Yep nothing is certain.

Be patient my friend, Oil will not stay long at this price, remember US oil reserves will buy back nearly 200 million barrels from the current strategic reserves of <400million barrel. Normal reserves is >600million. That's their plan to buy back around 70usd/barrel WTI. It has reach its bottom, bare in mind China is buying at a huge discount >60 USD/B brent and Energy is the key margin for manufacturing of goods. With cheaper energy you control the global manufacturing economics. It will not stay at this low level for long. FSPO will still be profitable for many years to come.

I suspect the volume will be low until the next event trigger of the US rate hike in Dec14 (wed nite). If the feds raise 0.5% vs0.75% then is a good sign the tightening is easing and foreign institution might return to equity. Not sure how local institution will play this but the most analysis are projecting an easing of the rate hike .

https://www.bursamalaysia.com/market_information/market_statistic/securities . Go to bursa market information. Net short position to look at quick overall trend and total short selling the details. Yesterday, a bit of shake out at the last minute but maintain above 9.05 resistance. Let's see if today can hold consistently before the big boys start to accumulate. No certainty in life though.

Total short selling rise up to 0.19%. Stable last 2 trading sessions. Yesterday was negligible short 1.5k shares. Shorts continue even at heavy buying support last week. Lets see if it can break out. If today can maintain above 9.05 will be a good sign.

Oil price lowest this year. Below 80 for brent and 75 for WTI. US will starts release 15 million in Dec from their strategic reserves. The plan is to refill the reserves around USD 70 price for WTI. This was the midterm reelection plan for democrats to ease the inflation. Since winning midterm, still control the senate , democrats expected worst results. Moving forward they have to ensure the reserve has to be replenish at a consistent rate in 2023. WTI should go above USD 70. Mixed reaction from oil analyst. I still think it will be bullish in 2023 once China really reopens. Expect some profit taking on BAB , short term.

KLSE index flag pole forming and flag pattern near the end. Might see a breakout next few days. TNB, usually will follow suit. Furball , risk assessment will be based on our competent levels in analysis both technical and fundamentals. Need to learn both at least to basic level and look at near certain confirmation before you buy/sell, then should be fine. Ya the learning will also keep our mind sharp. Good luck, not a recommendation to buy/sell.

Profit taking by retailers, low volume drop not a real concern . Hopefully PN don't create another move to take over. BTW TTV, you are right my bad typo ,USD drops. Sorry i didn't proof read it.

Ttv. Yes the rise of usd is just good timing and i am tracking dollar index not usd/myr pair alone. anwar n team cannot influence this and also the oil price. Ok to be bullish and not foolish but shorterm momentum is certainly there. If us feds announce 50 basis hike this dec, be prepare for another potential positive movement. Lets monitor this. Hardest decision is when to sell.

With the current volume and spikes, we need to look at the last end of bull cycle April 2018 trading above 16+. Will the bull return after ~5 years. This always coincide with strong oil price above 80+ Ideally average at 100 for a longer period of time. And USD index has to weakend to average 100~. Cureenntly moving down from 114 to 104. Have to monitor the Oil price as well... The rest of the indicators are just short term movement. Good luck, still good potential the bull will return. Not sure about the conflicting global economy meltdown concern. Can malaysia benefit as a safe haven for economic growth within SEA/Asean country?

Can sell end of rebalancing, if wish to get some cash for the holiday :) Glad to know TNB has got better weightage this round maybe due all the ESG activities and commitment announcement lately. The rest of the operational indicators remains intake except for the high ESG commitment. ESG places so much weight for companies lately due to the green agenda. Not sure how will the local institution rebalancing work now that have seen MSCI decision.

I still think we will have klse bull run if.. Oil price trade average 90 /b... China clamps down on protest and open up naturally. 3) US inflation has a soft landing. 4) no futher escalation in ukraine war.;

Hopefully no more CM Tax next year. Foreign exchange losses and CM Tax seems to be across the board for KLSE major companies.

Daily last minute volume spike and yet no one is focusing on the Qtrly report due maybe on monday/tues. Should be a stellar report with >~2bil revenue and at least >1.2 Bil PAT. Having a progressive unity gomen will be a bonus. Good luck !

Let's hope for a stable govt come Monday.

Coal price is dropping from high of 350/ton to low of 200 currently. USD has reached its peak. Q3 revenue above 2 bil + with PAT above 1 bil -1.4? If taxman is being kind. China to reopen soon. Receivables are reducing and Esg news continue to be positive. All all stars align we should see better days ahead .

Dollar index seems to have reach its peak at 114 and now hovering along 110 many weeks now. It it drops further expect oil price to go above 100. Oil barons are still bullish as supply continues to be (kept) tight.

Start to stablelize yesterday and today. I don't think will go below 8.25 with many positive economic news in malaysia. The dollar index seems to have reach its peak as well and the short calls will get risky unless we predict a very bad election outcome. Rafizi seems positive enough with his team of highly educated data scientist. Any way not my cup of tea.

https://www.bing.com/ck/a?!&&p=fb47cc9cdb1b6ff6JmltdHM9MTY2Nzc3OTIwMCZpZ3VpZD0xZGExYzA2YS0yY2Y5LTYzYTctMjA1Ny1kMjM4MmQ1NTYyZmImaW5zaWQ9NTMyNg&ptn=3&hsh=3&fclid=1da1c06a-2cf9-63a7-2057-d2382d5562fb&psq=Malaysia+GDP+Q3+2022&u=a1aHR0cHM6Ly9idXNpbmVzc21pcnJvci5jb20ucGgvMjAyMi8xMS8wOC9tb29keXMtYW5hbHl0aWNzLXNsb3dlci1waGwtZ2RwLWdyb3d0aC1pbi1xMy8&ntb=1 Moody at 12.8% - should be a ~ reliable number

https://www.malaymail.com/news/money/2022/10/20/ambank-sees-malaysias-exports-growing-24-25pc-in-2022-q3-gdp-growth-at-12-14pc/34660 - GDP Q3 expected to be 12-14 % compares to 8.9% in Q2. Expect TNB Qtrly to stellar with no special taxation and reduced receivables. See how low can the shorts call go.

Shorts are at it again...0.11% back to 0.15 Net short position last few weeks. They say supposed to be good for an efficient market :) wean out the weak holders and prevent speculation :)

Have to wait for the breakout at 8.60 , pre dividend and where the most candles cross. Hopefully not too long getting boring....

At least budget is good for glc. Gov expenditure 97 bil! Nearly 2x more. Nice predictions Ttv!

Deekay. Thanks for reading. Some must be wondering why i am checking of USD index and Oil price. Must remember petrodollar is an indirect trading system replacing the bretton woods gold standards. Higher oil price will cause USD to fall and this inverse correlation is even greater for oil exporting country. We don't have to worry about the local market makers to make short or long calls to confuse retailers. The current low volume is due to the fact big money is not coming in yet. However if USD is predicted to go up, you can be sure the tide will turn.

USD index has been slowly dropping since the peak on 9/27 114.1 now at low of 111. Expect oil to start moving up and USD to stabilize move downwards soon. KLSE should see more interest in October. I think we have seen the bottom. All the best. The recent sell off was due to the strengthening of the USD. Shorts are at the min for TNB. Expect oil price to move up and MYR strengthening. The big funds will come in and I don't think short call will be profitable in Oct onwards. Anyway we can only predict based on big trends. GE is another news. Good like guys. Everyone get rich :)

USD index has been slowly dropping since the peak on 9/27 114.1 now at low of 111. Expect oil to start moving up and USD to stabilize move downwards soon. KLSE should see more interest in October. I think we have seen the bottom. All the best