Bank Of America Expects Fastest Oil Price Rise In 30 Years By Irina Slav - Feb 25, 2021, 9:00 AM CST
https://oilprice.com/Energy/Oil-Prices/Bank-Of-America-Expects-Fastest-Oil-Price-Rise-In-30-Years.html
Oil prices are set to rise by the fastest rate since the 1970s over the next three years, Bank of America said in a new report, joining the growing group of analysts forecasting a return of oil to three-digit territory. The average price of Brent over the next five years, however, will be between $50 and $70 per barrel, according to the bank, as quoted by The National. The bank also said OPEC+ might decide to reverse its production cuts now that Brent is trending above $60, but added that a slow return of U.S. shale to international markets might lead to an extension of the production cut agreement to make sure prices stay higher. "We believe that slower shale growth and oil price stability will likely require a continuation of Opec+'s market management beyond April 2022," the bank's analysts said. OPEC+ is meeting next week to discuss the progress of its agreement in an environment of much tighter supply, and expectations are that some members may push for a production increase. The increase, however, will be moderate, at 500,000 bpd, according to reports. The last Joint Ministerial Monitoring Committee of OPEC+ met in the first week of February, and the meeting ended without many surprises. For the month of February, another 75,000 bpd was added to the quotas—65,000 bpd to Russia and 10,000 bpd to Kazakhstan. For the month of March, production quotas were eased again by the same amount, with the same distribution of the additions. Russia is one of the extended cartel's members that will likely call for a further increase in production. Moscow has a tradition of budgeting for pessimistic oil prices, which increases the benefits from each additional dollar benchmarks gain. Saudi Arabia, on the other hand, might like to see much higher prices as its breakeven level, despite the lowest production costs in the world, remains quite high. By Irina Slav for Oilprice.com

unisem and hengyuan best stocks to keep, i have little doubt about it.

don't chase high, buy on dip.

lool like kyy stuck there deeply,cannot get out.

Why Oil Bulls Aren't Backing Down |
OilPrice.com https://oilprice.com/Energy/Energy-General/Why-Oil-Bulls-Arent-Backing-Down.html

so far still 130 countries live without vaccine, so we have a falling dead cat that could certainly bounce, over sold situation.

Reuters February 27, 2021 09:21 am +08 Oil drops on US dollar strength and OPEC+ supply expectations.

Oil prices fell on Friday as the US dollar rose while forecasts called for crude supply to rise in response to prices climbing above pre-pandemic levels. However, Brent rose 4.8% and WTI ended up 3.8% on the week, and both were about 20% higher in the month on supply disruptions in the United States and optimism over demand recovery on the back of Covid-19 vaccination programmes.

We too had malaysian listed companies gone bankrupt too, and delisted . Are you saying , we can cannot trust all malaysian listed companies? bullrunrun, your logical thingking is errorous. better improve your critical thinking. Further more you need to acquire some knowledge on technical analysis , and fundamental analysis,two important tools for stock trading strategy.

research houses can only give you a rough guide, the rest ,u should do your home work. glove making is a sun set industry,kill by vaccine,while electronic chip making is a rising sun/star industry, due to coming of ev ,e-car,plus many upcoming unknown products make possible by 5g, 6G.

hengyuan total capital is only 300millions=300million shares. NTA=7.22rm .Chinamen controlled at least 50+%,=150+million,tightly holding ,while local funds may have holding 100M, then only 50m shares going around in the hands of small share holder like us. if we hold tight,then The shares /stock easily get into "squeeze',or "cornered situation",once that happens , price level could explode sky high, just naturally. and with strong, fundamental factors provide the support.

For Dnex the real strength from Silterra, plus, China consumer chip/wafer market. This two factors must smoothly and ,successfully go through. then every body who invested will gain handsomely

another political factor is this ,unlike Trump ,the Biden gov, discourages expansion of the shale oil rigs,and stopped the Canadian pipeline to US, that limit shale oil production,reduce oil supply , all these move,could cause a major price- move in oil market ,or already it is in the making.

if every qr could make this profit number, may be can touch 10.or even more.

Outlook. 1Q21 is expected to be flat QoQ due to fewer workdays as a result of Chinese New Year. At the same time, Unisem expects utilization to increase in both Chengdu and Ipoh plants supported by robust demands in power management, RF and automotive segments. Forecast. Tweak model based on the deviation mentioned above. In turn, our FY21- 22 EPS are raised by 13% and 21%, respectively. Reiterate BUY on the back of higher TP of RM9.88 (from RM6.48) after raising PE multiple from 28x to 33x, pegged to FY22 EPS (previously mid-FY22 EPS). Despite trade war and Covid-19 risks, Unisem’s prospect has improved with (1) closure of loss-making Batam plant; (2) favourable forex; (3) gradual synergistic relationship with TSHT; and (4) healthy balance sheet.

Source: Hong Leong Investment Bank Research - 26 Feb 2021

if MCO lifted, could see even better earning.

profit 170 million/qrt, not bad
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3133460

communist dictator,as usual, lies all the way.

unisem , another chip maker, is shooting up like rocket.

comfort? why not take the charts on JAKS, DAYANG, jayatiasa etc etc, after market-talk is easy,by ignoring the past disasters, as usually just talked about one of those winning story.

on the other hand ,especially lessons on lossing, well , may be Jaya tiasa, jaks, dayang , etx etc.

Everý day people buy and sell,each has their own whatever reasons. We wish them good luck. We Follow the trend, the. trend is your friend.

the sun always set,without exception.

all i am saying is this , you need to realised a "paradigm shift"has occured ,and should make "new change",for viewing the stock,.old method has many flaws,

refinery business is tough business , u can't all the while ,just make the money on refinery margin alone ,based purely on "back to back" arrangement with"zero inventary",. usually certain percent of stock/inventary , you need to keep,if the commodity is on rising trend , that would benefit the company, if commodity experiencing a falling market, that u could suffer losses. That is the name of the GAME. so far so good , as crude oil price in on a rising trend for past seasons, would see stable and steadier time ahead, as global economy is on slow recovery mode. u could make more on your inventary

that is unwise, to think in term of long term and short term for investment portfolio, the reality is you need to monitor changes in industry /market conditions,if you are stucked with an sunset industry,for whatever reasons. and thinking of long term, u could ended up in total misery.

where is the apple188,who was bearish all the while.how u explain that??

just noticed unisem , chip maker ,continue to climb new high , while alas ,grove stocks are sinking

old man just outdated,one of the passing generation.

last few years ,hengyuan spent huge sum of money on upgrading and improving refinary facility, and by 2020,the capital expendire project has completed, and hence u see company profit is largely improved.

glove stocks can categorised as sunset industry,while tech/chips/wafer stocks are rising star industry.which would u prefer.

once in a life time opportunity ,just look at the phenomenal trading volume.

@i3lurker .no wonder all your analysis report are all wrong. you had mixed-up one dimensional technical projection analysis with economic fundamental analysis. u also failed to understand the rationales for the decision making behind the China party that involved here,they are not here to speculate in stock price movement ,they want good,and advanced products from the new set -up,i.e chips to be used for chinsese industry ,and enable them to compete in the world market,

@i3lurker's,understanding of stock price movement is over simplistic, to him is just sharks poker game,the truth is ,it is no like that t, in stock trading ,you need to understand the basic economic fundamentals, the rationale of varios parties involved,but i3lurker understand none of these. alas ,a style of a laymen.from old kopitiam.

Proton /Geely model is working fine for the local automobile ,same as d/nex-CGP-Silterra,by looking at the daily hugh volume traded,at the end of the day, suspect ,mostly likely will see CGP controlled 40% of d/nex.

we usually say everything has pros and cons.
the good side is ,1 chips and products demand, 2 ,money available for technology upgrade,.
the dark side is ,need good management ,and technical upgrade,
so no big deal, all can overcome right?

200mm Demand Surges
https://semiengineering.com/200mm-demand-surges/

may be u also say,i3lurker is also a shark,a small shark.

lies or not lies ,is not up to i3lurker to decide alone, it is laughable to think somebody is only one knows best, god or what?

investors are foreward looking ,while i3lurker is looking backward,telling grandmother story.

i3lurker prematurely assumed d/nex is unable to upgrade its manufacturing technology, 5nm chip mainly for advanced hand phone, while e-cars are not so demanding.

https://klse.i3investor.com/blogs/12stocktalk/2021-02-10-story-h1541025772.jsp

lower price d/nex is another alternative option, but d/nex is undergoing a new restructuring.that would take some time

200mm Demand Surges

https://semiengineering.com/200mm-demand-surges/

no sweat ! foxcomm is very keen to take over lah,

1st step, u need to restructure the whole company,fire all unseless elements.

this gooshit really good for nothing,just contributing shits and cow dungs low iq freak.

EW YORK: Oil prices rose on Tuesday for their seventh straight session of gains, touching 13-month highs as investors kept betting that fuel demand will rise while OPEC and allied producers keep a lid on supply. Brent settled up US53 cents, or 0.9%, to $61.06 a barrel. U.S. West Texas Intermediate crude (WTI) for March was at $58.36 a barrel, up 39 cents or 0.7%. The session peaks for both benchmarks were the highest since January 2020. "With Brent over $60, it's been great psychologically... and everyone is feeling bullish about stronger demand and global inventories in further decline," said John Kilduff, partner at Again Capital LLC in New York. The markets have rallied since November as COVID-19 vaccines are being distributed worldwide, and as governments and central banks deploy huge stimulus packages to boost economic activity. Top exporter Saudi Arabia is curbing supply in February and March, on top of cuts by fellow producers in the Organization of the Petroleum Exporting Countries and their allies, prompting forecasts of a supply deficit this year. "The Saudis' intent to eliminate a global supply surplus appears to be on track and capable of boosting crude prices further," said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois. Benchmark crude also drew support from the dollar's fall to a one-week low, making greenback-denominated commodities more attractive to holders of other currencies. U.S. crude inventories have fallen to their lowest since March, before the pandemic crushed the oil markets. Weekly U.S. oil inventory data is due from industry group the American Petroleum Institute at 4:30 p.m. EST (2130 GMT), followed by government data on Wednesday. The U.S. government on Tuesday lowered its outlook for crude oil production in 2021 to 11.02 million barrels per day from 11.1 million bpd previously forecast.    - Reuters

take note a covid-lock down consumer market and a post covid consumer market, don't mess up the two entirely different phases of the economy,market is partly pricing in the post- covid economy

take note a covid-lock down consumer market and a post covid consumer market, don't mess up the two entirely different phases of the economy..

insas is junk stock, no future.

short term speculator always boast ,while investors just holding tight, sit and relax.