KUALA LUMPUR: Malaysia’s blue chips fell sharply in early Wednesday trade as the weakening oil and gas prices and decline in crude palm oil (CPO) weighed on the market sentiment while foreign selling is not over yet.

At 9.34am, the FBM KLCI was down 17.04 points or 0.95% to 1,768.93. Turnover was 251.54 million shares values at RM145.32mil. Losers beat gainers 251 to 123 while 184 counters were unchanged.

BIMB Securities Research said Tuesday saw a further RM37.9mil net outflow of foreign funds as we reckon many is concern over the earnings health of corporate Malaysia following a dismal showing in 3Q14.
-star biz

i think in this forum both parties are right !ha3 the only thing more right than both... is the fundamentals of the counter ha3! Nobody can argue with the fundanentals can they?ha3

Some said when they saw 60 flying by they few can fight the temtation of believing rm1 being the min TP!now when dropped from 62 t0 23 they said its very2 cheap! ha3

Even my friends who know the people,their advice are divided in ratio close to the 'pareto principle' ha3 can we never stop learning can we 69!

69 to hold to buy even to stay sideline in S*** is not simple ha3 i m lucky bcos i have time to do simple research and i know people n friends who know people ..let me tell u even my golfing buddy got 10m shares and few weeks back he tokd me its a c##@p counter but he came in @ mid20 !even he told me it will stay above 30 ha3!back to what i hv said its the most entertaining counter69!ha3

People see how much it has dropped not how much it has risen hence...easier to say its cheaper!!then what are we waiting for??ha3 entertainment can laaa...

Ha3 69_69 bravo to u again! many hv tried to caution much earlier what happened? they were cut off n bombarded left right and centre !!few very few picked up the clue and say tnx!ha3 the END game is working very2 well i should say 69 !when i was its hard to it clearly..to me the end of the run was over when dumped fr 62 to 40..finito!kapuut!ha3 anyway entertaining to see if nobody wants to buy whom to sell to?Is the classic 'pareto principle' being used by promoters at work here?lets see anything is possible ha3

69_69 bravo!right on target ha3 sumatec to me is entertainment only

Oily gassy tnx for sharing -at last some one dares to call the bottom

Societe Generale slashed its oil price forecast for Brent crude by $20 a barrel for 2015 and 2016, and expects the global benchmark to average $70 a barrel in the next two years. It also cut its Nymex WTI crude forecast by $17 in 2015 and $16 in 2016, to average $65 in both years.

“We estimate the costs for most U.S. shale oil at $65 WTI, if not lower. In recent days, after last week’s OPEC meeting, crude prices have already approached those levels, and we expect them to stay there for an extended period of two years,” Michael Wittner, head of oil research at Societe Generale, said.

Cash is king @ the moment use it sparingly ha3 many do not trust brent crude@72 ha3

Near term i would plan for crude@60 hope for crude @80,since last night dived to 63 and rebound to just above 70,many hoping dats a sign of followthru in the near term

Near term ozzie...long term stoll volatile n noone dares to call the bottom...

Good news is if break even at 60 S*** will still be able to make profit question is profit on Raku alone or ?Since RI is off the table as for now?lets see

Market consensus near term brent crude 65-80 ha2 plan for the worst hope for the best ha3

Suma flying?

Love miracle so u know woman_x you shld know miracle_sooner?or sisters are you?ha3

Ozzie 75 some are free to talk some paid to promote kot ha3! TP can range fr rm1 to 20 one ha3 great entertainment

Today USD-MYR goes to 3.44 from 3.38 this morning

@Bangonluck this bbc business news might assist u
Most Asian markets were trading lower on Monday after data showed that manufacturing growth in the region's leader China slowed in November.

China's official purchasing managers' index (PMI) dipped to 50.3 in November from October's 50.8, closer to the 50 point mark that separates growth from contraction.

Analysts had expected a figure of 50.6.

In Greater China, Hong Kong's Hang Seng index fell 555.90 points, or 2.3%, to 23,431.55.

However, the Shanghai Composite was up 0.1% at 2,685.6 after the government published draft rules for a bank deposit insurance scheme....

It I will I think bl some are expecting 3.8

I think signs of foreign fund exiting expecting ringgit to lose more against usd...lets see

Cash is king ha3 now w the cash really2 Tuuuuugguuu ha3

This tsunami will be big and long?...Usd alredi gaining vs rm ,acquisition of any O&G asset in usd in this environment ??..crude oil & RM finding bottom vs usd are only 2 of the variables coming into play.....cash in hand will be king guys ha3

Armada already a penny stock....Sumatec a penny stock will be 'taken higher' but TP not sure yet rm1,10 maybe 20!ha3 bloody good entertainment

Tsunami !run for the hills....lets see WHO we can find on the hills??ha3 bloody entertainment

Waiting 16.5...run S*** run!ha3

Miracle_spooner @woman x,,,TQ for granting me your permission to still exist in this i3 oops
Your Forum (its title Sumatec)

Since I have no money to buy your sacred stocks
Or may be I will be banned from doing so @ a not so cheap price for which I should be forever ever more grateful !!!:)

These days forums, blogs, twitters and facebooks are all good platform for the promoter to spread the good news and how good is the prospect of the stock. With 'target price' of RM1, RM 10 and RM 20 without even bother to give professinal analysis...couple with well known public figure as well as asset injection, it is quite enticing to retail investors. One might not believed it at first but........DO NOT MISLEAD INVESTORS!!!Comprendo!!BITCH!!!!

Place ALL YOUR CARDS on the table !!
DO NOT ACCUSE ME OF not owning any stock in Sumatec!
That is a STATEMENT...
do you want to pull that statement !!!BITCH!!
Ha3

@Miracle_Sooner to Musashi57

what is your purpose here? You don't own any stock in Sumatec

To play devil's advocate or for your own amusement.

CMY entered at 0.16 on a trust that HS has plans to bring the company out of PN17 and turn it around and he did!

This is a FACT

The claims of distribution manipulation and trading are just speculation and heresy at this point.


On record BTICH!!ha3.: He did turned it 'around' YES!! BICTH BACK to the level of the previous RI

U can really fool some people some time BITCH!!!

Come on now one more chance for u:WITH OIL PRICE HAVING NO BOTTOM AND NOBODY DARE TO CALL A BOTTOM YET,HOW CAN ANY ACQUISITION IN O&G
ASSET BE JUSTIFIED HENCEFORTH !

Miracle_Spooner-care to give a PROFESSIONAL reply to Nallayak's :


with oil price having no bottom and nobody dare to call a bottom yet, how can any acquisition in O & G assets be justified henceforeth


M STILL HOLDING MY BREATH BTICH!!

If u can't U JUST SHUT da FARK UP!!!!ha3! U FARKIznG BITCH!!!

M holding my breath Ha3

Miracle_Spooner-care to give a PROFESSIONAL reply to Nallayak's :


with oil price having no bottom and nobody dare to call a bottom yet, how can any acquisition in O & G assets be justified henceforeth

These days forums, blogs, twitters and facebooks are all good platform for the promoter to spread the good news and how good is the prospect of the stock. With 'target price' of RM1, RM 10 and RM 20 without even bother to give professinal analysis...couple with well known public figure as well as asset injection, it is quite enticing to retail investors. One might not believed it at first but ....miracle_spooner what are u referring to by CMY and HS??? Cari Makan Yo! and Habits Semua or whaaatt??these abbreviations without trademark can be rather too general and confusing..knaw wat i mean??hmm..eg M is McD or Msatrubtae H is Hermes or Hrony..can you be more specific if u realllllly want to promote and lead to Holland...which is not so nice!!sit!!n behave!!BITCH!!ha3

I tend to agree though the company has turned around and comes back to the level of previous RI....is that what u mean Miracle_Spooner....ha3 investment and entertainment..

Miracle_Spooner...chill!!how do u know I don't own stock?? why r u so defensive... Are u paid to be a promoter....ha3..U GO FIGURE or create your own forum !!

B4 crude oil plunge I wanted to check it out @ 16.5 why?bcos CMY entered @ 16,HS too entered @ 16 but count him out bcos he didn't pay a dime,,,so wont hurt hus wallet ha3..then a forumer ask how do I know if they are still holding that many shares since large numbers are traded and there seems to be distribution...then the crude oil plunges... i think even cmy ....go figure ha3

With crude oil plunging and yet to find the bottom and ditto with the share price.The question is will the Rights Issue and the acquisition of Buzachi Neft oilfield go through? I certainly hope so for the sake of the shareholders. But if, just if, the deal falls through, then how will it affect the valuation of Sumatec. This is something the shareholders need to think about.

In August 1985, the Saudis tired of this role. They linked their oil price to the spot market for crude and by early 1986 increased production from two million barrels per day to five million. Crude oil prices plummeted falling below $10 per barrel by mid-1986.

Greater political and social freedoms, instituted by the last Soviet leader, Mikhail Gorbachev, created an atmosphere of open criticism of the communist regime. The dramatic drop of the price of oil in 1985 and 1986 profoundly influenced actions of the Soviet leadership.[2

My friend did mentioned he read somewhere when oil plunged the last time around the Soviet Union was broken up....can any one confirm ( that's when Kazaghstan escape) ha3

Otherwise we have to eventually grow coconut again for oil and kereta lembu ha3 and imagine no hand phones...ha3

Yup their deficit won't be that bad either ha3 BBC said one of the biggest loser w be Venezuela their inflation olredi 5o%

Hmm...then the ere of fossil fuel is nearing the end ha2 even the US oil reserve is huge right?

Petronas

KKL if crude oil gonna find a new bottom and probably stay there for a while and Petronius gonana cut capex what do think about Malaysian O &G counters?

I agree....the Game Plan was planned by US..the rest on defense...best way to defense is attack the say...

Also conspiracy theory that Russia and China planning to trade oil NOT in US$...

End of an era for OPEC as a dominant player .....