possible reason why our market is bad

https://www.soyacincau.com/2017/11/16/angkasa-china-tiangong-space-station-crash-malaysia-kuala-lumpur/

:P

62 :) Just have to wait for hibiscus result. should trade range bound until then.

Just look at charts and see trend. Most reliable way

Depeche spot on buddy :)

Oil price dropping. News that demand is low, production still high...... all are just news. Despite all the negative stuff said about oil, if it rebounds back past 62 (which i am confident it will), it will just cement the fact that oil is on the uptrend and $70 is coming sooner or later. Time will tell. Just remember what all the Opec members have done for the past year. Unlikely they will stop before their goal is reached. It will be pure waste of time and resources. So yes.. looking forward to pay higher petrol prices too :P Cheers

Kudos to Mr Eg for voicing out his displeasure towards Wong. Palette can resume its uptrend.

It's not only hibiscus down. Other o&g as well. Besides oil price corrected abit. Bound to happen because it rose so much because of the Saudi issue. But look at the bigger picture. Of all the efforts Saudi and opec and non opec put in... $70 per barrel is just a matter of time. Its normal when oil drop then all the media come out with negative news. When oil is up then everything is rosy. Just read the news for fun. Take times like this to accumulate. Not only hibiscus but other good o&g. Steel companies too don't forget :)

:) nice profit.

Hmm if hibiscus doesn't react much to the drop in oil prices then we can expect the demand for it because of a good QR.

discount day today?

see whether can add more below 1.60 tomorrow

If drop below 30 I'm cutting loss. Hopefully tomorrow morning price bounce back up before AGM.

https://tradingeconomics.com/commodity/steel

Steel price is back! Risen sharply. Exciting times tomorrow?

https://tradingeconomics.com/commodity/steel

Steel price is back! Risen sharply. Exciting times tomorrow?

Ouch. Painful. Really pump and dump?

well time will tell. 3 hours till market open :)

(1) https://www.thestar.com.my/business/business-news/2017/09/02/a-palette-of-good-news/

(2) http://www.palettemm.com/files/The_Edge_Markets_-_Palette_ventures_into_Russia_-_2017-03-07.pdf

(3) http://www.focusmalaysia.my/Markets/palette-wa-to-soar-on-russian-orders

(4) https://cdn1.i3investor.com/my/files/st88k/0005_PALETTE/qr/2017-08-31/0005_PALETTE_QR_2017-08-31_Qtrly%20result%20for%20period%20ended%20(31082017)_833176397.pdf


Well they did mention that they managed to penetrate in Russia in their quarterly report. And the Mr Eg also says Russia is expected to contribute substantially to its future revenue. Unless the edge, focusmalaysia and the star are screwing with us :p

https://www.thestar.com.my/business/business-news/2017/10/05/ts-wong-and-brahmal-emerge-as-palette-shareholders/

to begin with... TS Wong only had 12mil shares.Probably spent just like rm100k for it. As long as Mr Eg and Brahmal are still in it, Palette should be fine.

I thought people were investing in the business and the prospects of Palette. Not because of TS Wong's mere 3% holdings... Perhaps when all this TS Wong selling off his shares hype goes off, Palette might rise again. Dont really know about Mui but Palette is becoming profitable with the revenue from Russia.

But the million dollar question is when will the selling stop? Today? Tmr? Next month? Just have to be more rajin and monitor the technicals.

So that is my 2cents. But i may be wrong. Market is irrational. That is what makes it so interesting :) So what am I doing? I am an opportunist. I entered a litlle at 40c. I am going to buy abit more when it drops nearer to the next support level and MOST importantly, I have set my stop loss point.

Happy trading and Good luck guys. Cheers

block at 43.5c need to pass that

https://cdn1.i3investor.com/my/files/st88k/0005_PALETTE/annual/2017-05-31/0005_PALETTE_AnnualReport_2017-05-31_PMB-AR%202017_-946991724.pdf

aiyo. ts wong has 3% inside. probably he spent less than rm200k cost investing in palette... As long as Mr Eg is still inside. kesian those who panic sell...

oh. wong dont want to invest. but nothing wrong with palette's books rite? entering bit by bit starting with 40c. because dont know how low it can go.

Big block at 1.40. Need to pass that first

Big block at 1.40. Need to pass that first

Big block at 80c. Need to pass that first

very big block at 80c. need to pass that first

Happy weekend everyone :)

haha yes pls call the champion. Anyway qr is only month end right? still got long time more.

1.35 big block. Need to pass that

yeah...if 5 mths of shut down no joke... demand should increase alot

masteel okayler.. alot of mega infra coming up. probably need pp to finance that. or... pp might be taken up by own ppl cause they know results gonna be good this qr. lets see. cheers

block at 1.55. need to pass that first

very big block at 19.54. need to pass that first

Quarter result should be good since average steel price for the quarter so much higher than the previous.

Plus China aims to shut down steel plants for 5 months. Market is reacting. Steel price currently up 2% today and 5% since the beginning of the month. Interesting day tomorrow for steel counters. Hope this king of the jungle will be awaken.

Quarter result should be good since average steel price for the quarter so much higher than the previous.

Plus China aims to shut down steel plants for 5 months. Market is reacting. Steel price currently up 2% today and 5% since the beginning of the month. Interesting day tomorrow for steel counters. Hope this king of the jungle will be awaken.

http://www.theedgemarkets.com/article/big-data-%E2%80%94-game-changer-identifying-consumer-needs

big data future

China has stepped up restrictions on steel mills and aluminum factories before winter, when pollution levels are often at their worst in the northern part of the country. Winter starts this month.
Steel prices should remain bullish.

block at 18.80. need to pass that first

44c and 45c big blocks. need to pass that

aiyoyo. so bad. create panic selling. kesian those who sold.

75c really great wall of china.

block at 17.80. need to pass that first

1.35 big block. need to pass that first

big block at 75c. need to pass that first

when brent average over $70, we might not even need the Sabah acquisition for Hibiscus to reach RM1.

when pbb did the research on hibiscs' valuation, brent was at $51. now it is 20% higher at over $63.

yea. looks hard to break today

big block at 17.50. need to pass that first

big block at 1.30. need to pass that first.

prefer this way. not to boom up before the qr and then price crash. slow and steady

big block at 38c. need to pass that first