Yaaasss

Bursa market outlook: *We expect no OPR cut*

Despite the weaker-than-expected Malaysia’s September exports, the KLCI continued to gain another 10pts yesterday. Some mild profit taking activities may take place ahead of the outcome of BNM’s OPR rate decision later today estimated at 3pm. However, given the growing US-China trade hopes, our CGSCIMB economist expects the next OPR cut to take place in 1H20 instead of in November. Coupled with the overnight record-breaking Wall Street close, the local market may continue its upward momentum today. Resistance: 1,620

I am usually will follow on the FA. But sometimes knowing a little about TA wouldn’t harm me anyway :P

I am not familiar with TA. But is this consider a double top? Which would indicate a sign of reversal if the price breaks out at significant support?

@Aries when chips get smaller, high precision cleaning services providers have to keep up and adopt more advanced technology to serve the semiconductor industry. Frontken has been doing this over the last 4 years, investing up to RM40 million in new high precision cleaning equipment. I wonder if they can keep up again with tsmc.

Huawei 90days temporary general license ends on 19 november right?

Fukalex i saw u since gooshen too. Plz do your own research and dont follow people blindly. U can collect information not only from these guys, u can also follow market news, u also can read the company qr summary, even every quarter also reported in i3. After u make deduction on all those informations u have gathered, u might be ready at least to risk your money. This is open stock market, not epf or fd.

Dawson u can see the words cat lim used. Almost similar to gooshen..tomorrow will break. Tomorrow will limit down..dont know what make them so certain about tomorrow and tomorrow and tomorrow. If tomorrow break 1.8, they will be the great gooshen. If tomorrow wont break, they will repeatedly say tomorrow tomorrow tomorrow.. plz shut up and give a proper news instead.

@DawsonL true..why u have not come tell this when gooshan was around.

Their main revenue from precision manufacturing and cleaning like frontken? I dont think its a big concern for the price being 1.86. Is it big drop like the legendary gooshen told 5000 years ago? I dont think so.

What does vitrox has to do with frontken? Just asking

Why my posted comment only half?? lol..both post ends at ‘collect’

No...i told in earlier post. U can scroll back down..gooshit talking shit. I collect

I bought @50c...collect

True dawsonL. Some people just dont understand how the price mechanism works. Thats why in stock market, we just predict based on fundamental or previous history technical chart. But so funny this people like gooshen shout toppish, will limit down etc, every day.

Last time also people said already top..toppish la whatever la..what are your justification based on? Talk cheap like gooshen too? Yes, price can go down eventually.

Moghty goo-son tired already? Just asking

If drop, that is normal. It is not like plunging to 80c in 2/3 days. All the mess in dow and trade war have done to frontkn recently but somehow the price still manage not to break below support level. Imagine if all good news come in, frontken will obviously attract many big players. So better buy now rather than wait for the price to come to 0.00001c as predicted by ‘excellent’ gooshen

19 november is the expiry date for temporary license to huawei am i right? At the moment, there is also a positive one for huawei from the trade talk at least.

Our Thoughts (Rakuten)
The global volatility storm continues to bombard the financial markets over the immediate term as we do not foresee any solution in sight. It is now all rather tense for US/China, the Middle east and Britain as we all are guided into a realm of uncertainty. Judging by the jittery sentiments we reckon it will require a lengthy path to recovery if there is any. For now, volatility will continue to orchestrate the trading pattern as we expect another day of downside bias for the local bourse. The FBM KLCI is seen to be rather well supported at the 1,550 level ahead of Budget 2020 amid constant foreign selling. Nonetheless, we would advocate investors to look at construction related counters as the market are generally expecting roll-out of certain mega projects. Within the small cap space, we like Vertice, Crest Builders, Vizione, Inta Bina and TRC.

So again, what is the moral of the story to newbies out there?

Do u even know what limit down really is?smh

Like i said. They always talk cheap. Just down a little bit, already try to kecoh2

But when will back to 1 cent? I am already 90 y/o waiting

Waiting for sinking 0.1% as per suggest by robinShan

@fukalex i am actually confused with these people identity. One time they said good things, other time they said it differently. But this sohem thing is funny.lol

Oic..robinson may i know which platform u use to see volume traded to identify if the 20mill shares were bought or sold? Last time i use jupiter and i can identify if the shares were sold or bought. Now i am using rakuten, i can only see volume traded in general. I cant tell whether the shares volume were either sold or bought.

@robinson what do u mean?

@0.50 looks toppish..will drop 0.1
@0.60 looks toppish..will drop 0.1
Then drop 5%...as gooshen predicted u dont listen..
Next up @1.00 looks toppish..will drop 0.50 till your mom dont recognize u..
Then drop to @0.60...as gooshen predicted u dont listen..
And it goes on and on...talk cheap...not saying frontken would have not retrace or correct its price, but anybody can see what u did there. Talk cheap

Any moral of the story?

@blueocean88 Now u know all the mess Gooshen had made. Wait gooshen? Or is it G00shen? But who is GooShan? lol

Because gooshen mother cannot recognize him

Run...toppish (gooshen,1789)

I hope the price shoot straight right at gooshen face

Trump said Monday that China in recent phone conversations expressed its desire for a deal and that the two sides will get back to the negotiating table. However, China repeatedly said it is not aware of the calls Trump mentioned.

The trade tensions escalated last week with both sides piling on new tariffs. China softened its stance Thursday saying it's willing to resolve the trade war with a "calm attitude" and indicating it won't retaliate against Trump's new tariff threat immediately. China also said the Chinese and U.S. trade delegations have maintained "effective" communication.

"China has plenty of means for countermeasures, but under the current situation, the question that should be discussed right now is about removing the U.S.′ new tariffs on $550 billion in Chinese goods to prevent escalation of the trade war," Gao Feng, spokesman for China's Ministry of Commerce, said Thursday.

His comment came after Trump on Friday threatened to raise duties on $250 billion in Chinese goods to 30% from 25% and increase tariffs on another $300 billion in products to 15% from 10%, in response to Chinese retaliation.

The two sides were also expected to meet face to face in September in Washington.

President Donald Trump said the U.S. and China are set to have trade talks on Thursday "at a different level."

"There's a talk scheduled for today at a different level," Trump said in an interview with Fox News Radio without elaborating on what "a different level" means.

"Let's see what the end product is; that's what you have to judge it by," Trump said.

China says it's willing to resolve the trade war with a 'calm attitude,' hints it won't retaliate for now

- We firmly reject an escalation of the trade war, and are willing to negotiate and collaborate in order to solve this problem with calm attitude," Gao Feng, spokesman for China's Ministry of Commerce, says Thursday, according to a CNBC translation of his Mandarin-language remarks.

- Gao noted the Chinese and U.S. trade delegations have maintained "effective” communication.

- But he did not confirm U.S. President Donald Trump's claim on Monday that the Chinese team called the U.S. over the weekend with the desire of reaching a deal soon.

Drop 3% in a day kecoh like drop 30% in a day. Up 3% ‘looks toppish’. Typical gooshen. How much they paid u for wasting your time? Must be a lot

I dont need to listen to neither gooshen and u mingsonofgoonshen

If its were’nt because of the trade war, frontken price should have been above 2.00 by now. Today trump says positive things, tomorrow he says different things. Man is a snake.

Earlier Monday, Trump said U.S. trade officials received overnight calls from the Chinese saying Beijing was ready to return to the negotiating table.

"China called last night our top trade people and said. 'Let's get back to the table,' so we will be getting back to the table and I think they want to do something. They have been hurt very badly but they understand this is the right thing to do and I have great respect for it. This is a very positive development for the world," Trump said.

"I think we are going to have a deal," he added.
In Beijing, Foreign Ministry spokesman Geng Shuang said he was not aware that a phone call between the two sides had taken place. And Hu Xijin, editor-in-chief of Chinese state-run newspaper the Global Times, denied that negotiators had held the phone calls Trump described.

"China didn't change its position. China won't cave to U.S. pressure," said Hu, who is widely seen as a mouthpiece for Beijing's messaging.

China announced Friday it will impose new tariffs on $75 billion worth of U.S. goods in addition to restarting levies on American autos.

The Chinese State Council said it decided to impose the tariffs of either 5% to 10% on either Sep. 1 or Dec. 15. China also added a 25% tariff on U.S. cars and a 5% on auto parts and components, which will go into effect on Dec.15.

Electronics, including cellphones and chips, is the category with the biggest value of American imports into China.

The list was published by Maggie Fitzgerald (CNBC)

Dow down more than 400 points after Trump orders US manufacturers to move from China

Trump tweeted on Friday: "Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..your companies HOME and making your products in the USA." However, it is not clear how much authority the president has on this front.

"The threats always been out there but there's been no need to provoke that," said Art Hogan, chief market strategist at National Securities. "It's almost like the administration was expecting the Fed to announce a rate cut at the Jackson hole meeting. And since Powell did not deliver, he went to defcon 5."

Apple shares dropped 4%. The VanEck Vectors Semiconductor ETF (SMH) slid 3.6% as Nvidia and Broadcom both fell around 4.5%. Caterpillar shares, meanwhile, pulled back 2.9%.

0.1 tomolo? Mader fader gentleman not like that

Yu_and_Mee agreed. But whatever it is, hopefully u are doing great my fellow investor

Bearish gooshen. And now what, bullish blaze? Chill

A temporary agreement that allows Huawei to do business in the U.S. is set to expire Monday and Washington's decision on whether to renew it will likely be influenced by American tech firms, according to research firm International Data Corporation.

We reckon the financial markets will continue to remain volatile over the next few weeks. Meanwhile we reiterate that a recession is not going to happen anytime soon, but we may see a slowdown. As Wall Street is still trending at a premium, it is not surprising that funds are liquidating their holdings in view of a potential slowdown. The Dow Jones Industrial Average PER now hovering at 16.7x (FY19), above its 10-year average of 15.7x plus a potential downgrade on FY20 earnings. Therefore, we may see a continued flight to safety out of equities to other asset class like bonds and gold. Yesterday gold price hit a 6-year high at US$1,530. We just need to ride out the prevailing uncertainty and continue to advocate Buy on Weakness. Source Rakuten

Confident doesnt mean all in. This is not a betting forum. Wth is wrong with u. Calm down. We all do comprehend the current global financial situation, i think most of the people here are investors, and maybe some are trading only for a day or few weeks. U want to scare people like u scare kids, it doesnt work here. But certainly your action here annoys many people here. Stop provokes with your useless idea. Unless u got any point, we can discuss here, healthy one. Not throwing words randomly ask people tomolo tomolo will blabla

Gooshen u do think we all that dumb dont know how to invest? Its not like we invest our entire fortune in frontken or stock market only. Why do we fear? At times of crisis, the smart mover will earn a lot while those who fear will eventually lost the most. Last time i see frontken drop to 10% in a week, people yell run. People panicked, they lost many without knowing the core problem of the market. If anybody here decides to sell their shares, its up to them. But i am here to tell that dont ever let your emotion is influenced by this kind of stupid kid yelling run, drop like mad tomorrow la, whatever la..