Duit, I'm sending my details 2 u soon :D

btw hows ur investment in bursa?

bro I have got u, no need KWSP LOL

no kwsp :)

can exercise upon maturity

I agree Dericlock. Apple this is not hibiscus thing, any IB can issue call warrant on any counter that is eligible, so please don't spread fake news

this means that the holder needs 2 warrants in order to purchase one share at RM1.00, correct me if I'm wrong

put it this way, MAYBANK ALSO CONFIDENT

if the warrant exercise price that high, they need to push the price up to enable shareholders make money

good to know!

JN88 so confident!

yup

cik babe do u remember the earlier promoter here?

Unilever threatens online ad cuts to clean up internet

LONDON (Feb 12): Consumer goods giant Unilever, one of the world's biggest advertisers, has threatened to pull investment from digital platforms such as Facebook and Google that "create division" in society or fail to protect children.

Keith Weed, chief marketing officer at the maker of Ben & Jerry's ice cream and Dove soap, will announce the company's plan in a speech later on Monday at the annual Interactive Advertising Bureau conference in California.

In the speech, Weed will call on the technology industry to improve transparency and consumer trust in an era of fake news and "toxic" online content.

"Unilever, as a trusted advertiser, do not want to advertise on platforms which do not make a positive contribution to society," Weed plans to say, according to a copy of the speech seen beforehand.

Unilever also said it is committed to tackling gender stereotypes in advertising and will only partner with organisations that are committed to creating better digital infrastructure.

Unilever itself was heavily criticised last year for a Dove advert on Facebook that many saw as racist. Amid a social media backlash and calls for a boycott, the brand apologised, saying it "missed the mark in representing women of colour thoughtfully".

"Consumers don't care about third party verification. They do care about fraudulent practice, fake news, and Russians influencing the US election," Weed plans to say. "They don't care about good value for advertisers. But they do care when they see their brands being placed next to ads funding terror, or exploiting children."

Unilever has already been slashing its advertising spend, as it seeks to cut costs across the organisation. It has cut the number of ads it makes and the number of agencies it works with.

Google, a unit of tech giant Alphabet, and Facebook are estimated to have taken half of online ad revenue worldwide in 2017 and more than 60% in the United States, according to research firm eMarketer.

Officials at Facebook and Google in Europe were not immediately available to comment.

Weed's comments echo complaints made a year ago by Procter & Gamble Chief Brand Officer, Mark Pritchard, who has lamented fake ad clicks by automated 'bots', the risk an ad can appear on social media next to an ISIS recruitment video and the realisation that people don't watch 30-second video advertisements any more.

Only 25% of online ad spending reaches the consumer, with the rest skimmed off by a "murky, non-transparent, even fraudulent supply chain" within the industry, Pritchard told a digital marketing conference last autumn in Cologne, Germany.

Facebook executives visiting Europe last month made a public show of contrition about the social media giant's slow response to abuses on its platform, seeking to avoid further legislation along the lines of a new hate speech law in Germany it says goes too far.

"We have over-invested in building new experiences and under-invested in preventing abuses," Facebook's communications and public policy chief, Elliot Schrage, told a tech conference in Munich. - Reuters

via THEEDGE

long valley lets hope for the best :D

cik babe and oreo another way to look at it is the creditworthiness of the issuer, i.e. the ability of the issuer to make good on its financial obligations if the warrants are in-the-money.

AAX goes contrarian

AS its closest rival Malaysia Airlines Bhd sets out to regain market share in Australia by adding capacity, AirAsia X Bhd (AAX) is doing otherwise. The long-haul, low-cost affiliate of AirAsia Bhd is unfazed by the possibility of the national carrier overtaking it to become the new market leader as boosting yields is its top priority for now.

AAX CEO Benyamin Ismail says the airline will continue to lead in Australia despite concerns over how cuts in its seat capacity to Sydney, Perth and the Gold Coast would affect its market share.

“We have cut frequency on the Kuala Lumpur-Perth route from 14 flights per week to seven, but we are still comfortably leading in that market. Our flight frequency to Melbourne hasn’t changed and we are still No 1 (on that route).

“Even though Malindo (Airways Sdn Bhd) flies to Brisbane now, it makes a stopover in Bali while we fly non-stop to nearby Gold Coast. Direct flights are the best option, so I am not worried,” he tells The Edge.

On Jan 9, Malaysia Airlines announced the relaunch of its flights to Brisbane from June this year. The airline will initially operate four weekly flights on the KL-Brisbane route and, eventually, upgrade the service to daily.

Starting this month, AAX is reducing its flight frequency to the Gold Coast by 36% to seven flights per week from 11 currently, and to Sydney to 11 flights per week from 14.

Benyamin says apart from improving yields, the group aims to find an optimum level for AAX to operate in the Australian market.

“Australia currently generates the biggest revenue for AAX. The issue with the Australian market is that the seasonal swings are very strong. What I want to do is to find the balance in terms of capacity, because we don’t want to operate high-frequency flights and suffer from overcapacity and low yields during the lean season,” he explains.

“Take Sydney, for example. We reduced our frequency on the route because the cost of operating out of Sydney is very high. We think we can generate more revenue by deploying our capacity to China during the lean season,” he adds.

Nevertheless, AAX will continue to build brand awareness and loyalty in Australia. “This year, we will embark on a campaign designed to build our brand in Australia. Once we have completed the exercise and established a stronger presence there, we would consider adding more capacity when we have more aircraft,” says Benyamin.

Last Friday, AAX co-group CEO Tan Sri Tony Fernandes was reported as saying that the airline is looking at buying A330s, A350s as well as Boeing 787s to expand its fleet.



This article first appeared in The Edge Malaysia Weekly, on February 5, 2018 - February 11, 2018.

to create marketability

OMG u r right bro LOL

we need to see how it goes

the issuer is maybank, the buyer and seller is maybank

O RLY? I need to check my mail

Details on hibiscus, kindly read here
http://www.hibiscuspetroleum.com/faq

China, Hong Kong stocks stabilise at open after brutal week

SHANGHAI (Feb 12): China and Hong Kong stocks stabilised at the start of trade on Monday after last week's savage sell-off, as Asian share markets struggle to find their footing amid global market turmoil triggered by fears of returning inflation.

The CSI300 index rose 0.3 percent to 3,851.74 points at 0133 GMT, while the Shanghai Composite Index gained 0.1 percent to 3,131.79 points.

The Hang Seng index in Hong Kong rose 0.5 percent to 29,664.43 points. - Reuters

via THEEDGE

Details on hibiscus, kindly read here
http://www.hibiscuspetroleum.com/faq

Oil firms as stocks markets steady

SINGAPORE (Feb 12): Oil prices rose on Monday, steadying from steep losses as calmer stock markets found their footing after tumbling in last week's chaotic trading.

Looming over oil markets, however, was rising production in the United States which is undermining efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to tighten markets and prop up prices.

Brent crude futures were at $63.20 per barrel at 0117 GMT, up 41 cents, or 0.7 percent, from the previous close.

U.S. West Texas Intermediate (WTI) crude futures were at $59.68 a barrel. That was up 48 cents, or 0.8 percent, from their last settlement.

The firmer prices came after crude registered its biggest loss in two years last week as stock markets slumped.

But with U.S. stock markets rebounding on Friday and Asian markets seemingly steadying on Monday, analysts said crude was also supported.

"The bounce in U.S. stocks means some catch-up is possible (for oil)," said Greg McKenna, chief market strategist at futures brokerage AxiTrader.

McKenna said markets on Monday were quiet as "the incentive for traders in Australia or Asia to do anything without the lead of the U.S. is likely to be lacking," referring to recent U.S. stock market volatility.

It is also a holiday in Japan.

But oil markets still face soaring U.S. oil production <C-OUT-T-EIA>, which has risen above 10 million barrels per day (bpd), overtaking top exporter Saudi Arabia and coming within reach of top producer Russia.

There is a strong indication that output will rise further.

U.S. energy companies added 26 oil rigs looking for new production this week, boosting the count to 791, the highest since April 2015, General Electric's <GE.N Baker> Hughes energy services said on Friday.

The soaring U.S. ouput is undermining efforts led by OPEC and Russia to withhold production in order to push up prices.

The cuts started in 2017 and are set to last through 2018. - Reuters

:)

ok bro, I will monitor the call warrant

Five rules to help avoid investing disaster

A BASIC rule of life is to avoid being a guinea pig in other people’s experiments. This is an inviolable rule of technology: consumers should always leave 1.0 of anything to the early adopters.

All car fanatics know that any brand-new vehicle model will come with bugs, quirks and design issues that tend to get corrected in the second year of production. And anytime finance creates a new product – from CDOs to ETNs to ICOs – smart investors know to give these novel trading vehicles a wide berth until proven safe and effective in a variety of market and economic conditions.

Which brings us to the most recent shiny Wall Street toy to blow up: inverse volatility products. Consider the Credit Suisse Velocity Shares Inverse VIX ETN (XIV): it didn't merely implode in a spectacular fashion, it went to zero.

The prospectus for this product has a so-called termination clause, which was exercised.

What was worth US$1.5bil last week has now rung down the curtain and joined the choir invisible. It is worth precisely zero. The best explanation I have seen to date on the inverse volatility trade is here.

Events such as this are opportunities to remind investors of some basic rules. So, without further delays, let’s delve into what lessons investors should have gleaned from the past week’s debacle.

> Avoid new products: It bears repeating – all new and untested financial products should be avoided for a full market/economic cycle.

Wait for a recession and recovery, a bull and bear market cycle before buying any new Wall Street offering.

There is no downside to waiting a few years; the upside is missing the disasters that seem to occur on a regular basis. Whether it is securitised subprime mortgages, or inverse volatility notes, prudence is essential. There is no cost to waiting.

In case you have not yet figured this out, Wall Street designs products to pay itself, not for your advantage. Given everything that has happened since 1999, I can't believe people have forgotten this already.

> Too many investors never learn from history: We shouldn’t be surprised that extended market gains lead to complacency. The past few years of placid trading created an environment where selling volatility short – betting things would stay calm – was a quick and profitable trade. But a collective and costly form of amnesia led investors to forget about simple mean reversion. Eventually, volatility returned, as it always does.

When it did, the trade went south fast. A few billion dollars were lost, leading to forced liquidations, and a reminder that traders must sell what they can, not what they want to in order to raise cash. Lots of that likely was in US equities, in particular the SPDR S&P 500 ETF. That sell-off created a US$2 trillion downdraft.

> Never buy anything you don't understand: I was shocked to learn that some retail portfolios were festooned with VIX products. I suspect that older, more conservative investors had no idea what sort of ticking time-bomb was put into their retirement accounts. I doubt any were aware of the exorbitant risk in these products.

Brokers and investment advisers who bought these on behalf of clients can now look forward to making up these losses from their own pockets – or litigation. As Warren Buffett warned, “Risk comes from not knowing what you're doing.” That seemed to be the case here.

> Beware of institutional products repackaged for retail: Really? This again? I have previously discussed why selling complex sophisticated products (see third rule above) to individual investors is a bad idea.

First, it is both unsuitable for them, as they (and their advisers) lack the skill and/or temperament to manage the risk. Second, it serves no valid purpose in their portfolios. Stuff like this turns retail clients as Muppets; it's sold only to earn a commission.

> Greater returns always come with greater risk: Shorting volatility was a high-risk, high-return trade; it tripled during the past 18 or so months. But high expected returns (all things being equal) always come with greater risk.

Whether its greater yield for fixed income or better performance for equities, this is a cardinal rule of investing. Expecting otherwise is seeking the mythical free lunch, which time and again leads to disaster.

Although there were many losers in this event, there were also a handful of winners. Advocates of long-term investing and passive indexing came out ahead.

The argument for fund companies like Blackrock Inc and Vanguard Group Inc for most investors looks more compelling than ever. — Bloomberg

Barry Ritholtz is a Bloomberg View columnist.


Read more at https://www.thestar.com.my/business/business-news/2018/02/10/five-rules-to-help-avoid-investing-disaster/#v4JybjlRMMefzibJ.99

All because Bursa wants YOU

KUALA LUMPUR (Feb 10): "Are you of able body and mind? Do you have cash to invest? If yes, then seek your fortune on the stock exchange as a retail trader. All-new incentives and products, such as fee waivers and intraday short selling, await you."

This is the tongue-in-cheek description that appeared on the front page of The Edge Malaysia for its cover story for the week of Feb 12-Feb 18, 'Bringing retailers back to Bursa Malaysia', by senior writer Supriya Surendran and Executive Editor Kathy Fong.

Humour aside, this is essentially what Bursa Malaysia wants -- to lure veteran retail investors who have gone missing for quite a while back to the local exchange, and to get the younger generation who don't quite know that equity investment does not have to be a risky game, to give the equity market a try.

That's the reason behind the slew of measures announced by Prime Minister Datuk Seri Najib Razak last week to whet investor appetites, including a volume-based incentive programme nad a six-month waiver on trading and clearing fees for new investors who have never had a Central Depository System account.
He also announced that trading in the shares of mid and small-cap companies would be exempted from stamp duty for three years from March.

Retail investors have long shied away from the local stock market, the weekly noted. Many have turned instead to unit trusts or real estate, particularly during the recent property boom, it added.

For Gen Y, investing in the stock market appears not to be their cup of tea, what with alternative investments such as cryptocurrencies, which are seen to be more exciting and lucrative -- according to a side story on 'When the stock market can't compete' by assistant editor Ben Shane Lim. Others are investing their savings in business start-ups, hoping to become the next Mark Zuckerberg or Jack Ma, the weekly noted.

If investment money is going into these alternatives, that means there's less available to flow into the stock market. "Two decades ago, many investors ditched their CDS accounts after being burnt by the 1997 Asian financial crisis, preferring instead to go for unit trust funds. Then at least, the money ultimately found its way back to Bursa. Today, the competition is taking money away from the bourse," the weekly noted.

The lacklustre retail interest is affecting the local stock market ecosystem, indications of which include market velocity and vibrancy. Retail participation, by value, has hovered at around 20% -- if not lower -- for years. Just last month, retail participation was at just about 14.6%.

In contrast, the Stock Exchange of Thailand sees between 40% and 45% of its trading participation by value coming from retailers. New CDS accounts in Malaysia have also been on a decline. In 2016, only 112,572 new CDS accounts were opened, bringing the total to 2.5 million. In 2012, 207,393 new accounts were opened.

Which is why The Association of Stockbroking Companies Malaysia (ASCM) views the measures announced as a “tremendous leap forward towards improving
market performance”. In a statement last Friday, ASCM said the new measures will ease stock trading rules, boost trading velocity in terms of volume and turnover, and expand the investor base.

Kenanga Investment Bank executive director and head of equity broking Lee Kok Khee told The Edge that the measures are holistic in nature and in the right direction to increase retail participation as well as provide greater depth to the market.

It appears shareholders of Bursa Malaysia Bhd is positive on the incentives too. Bursa's counter was up 7.2% year to date and up 30% year on year at last Friday’s close of RM10.82.

For a closer look at the seven new measures announced, including the planned Malaysia-Singapore connect, how they will be implemented, and what they actually mean to investors, pick up a copy of The Edge at newsstands near you today.

Save by subscribing to us for your print and/or digital copy.

P/S: The Edge is also available on Apple's AppStore and Androids' Google Play.

Despite the nervous energy that has taken over the equities markets, 1,800 has proven to be a reliable springboard against the negative retracement. Should it break on the downside, there is further support at 1,785.
Read more at https://www.thestar.com.my/business/business-news/2018/02/10/the-end-of-the-bull-run/#r2EOeZ3qauQjUoBe.99

The end of the bull run?

Review: Volatility and panic was the theme of the week’s equities landscape. Just as observers had cautioned on overheating and the overbought US equity market environment, the recent declines on Wall Street put a screeching halt to the bull trend.

As at the latest sell-off yesterday, analysts steadfastedly tried to soothe the nerves of fleeing investors, confident in the belief that strong economic fundamentals and corporate earnings will ensure the steady performance of markets.

The pullback was triggered by a US payroll report yesterday that saw wages rising and giving rise to expectations of higher inflation and more Fed hikes. The attendant result would be the shutting of the money taps and the end to an era of easy money.

It was the catalyst for a correction, long overdue some say. These are the same parties who tout the pullback as healthy for the market in the longer term as it establishes a more sustainable footing for share prices.

image: https://content.aimatch.com/default.gif



Click on image for larger view
Over the course of two-day decline on Friday and Monday, the Dow Jones Industrial Average slipped nearly 1,850 points. On Tuesday night, the index slipped as much as 567 points in intra-day trade, pushing cumulative losses across the 10% threshold and into correction mode.

The oversold conditions of the US markets meant a technical rebound was due. As selling continued at Tuesday’s US open, the markets dipped further into oversold territory, paving the way for prices to retrace losses by late afternoon.

In a wild swing to the upside, the Dow Jones finished 576 points or 2.33% higher.

The S&P 500 and Nasdaq Composite followed suit, ending the day’s session 1.7% and 2.1% higher respectively.

On Bursa Malaysia, the start of the week saw furious selling by foreign investors. Monday displayed symptoms of a sharp retreat as overseas investors turned net sellers of RM268mil, but on Tuesday, the net withdrawal was palpable to the tune of RM868mil.

Immediate support levels on the benchmark FBM KLCI gave way in succession, and the index fell a total of 58 points over the course of two days. The 1,800 key support held, however, despite a brief dip into 1,796. It served as a platform for a positive bounce, ending Tuesday’s session at 1,812.

A sense of normalcy returned to the local market on Wednesday following the US’s Tuesday night rebound. The FBM KLCI followed suit by retracing losses, rising 24 points to 1,836.88.

Foreign investors also failed to return to the local market, registering another net outflow on Wednesday, suggesting that the keen interest in emerging markets had faded from the change in investment landscape.

Global markets continued to be jittery as evidenced by the unsteady performance in the wider regional markets. The rebound in Asia failed to hold any conviction and the results were mixed, with the strongest perfomers making slight retracements.

Wall Street proceeded with another slight dip into the red overnight but the local market held steady on Thursday. The FBM KLCI put in a positive performance, rising a modest 2.76 points to 1,839.44.

On Thursday night, Wall Street dashed Asia’s hopes of restarting the bulls. The Dow Jones skidded 4.15%; the S&P 500, 3.75%; and the Nasdaq, 3.9% to put the US market firmly into correction mode. On Friday, the FBM KLCI closed 19.62 points lower at 1,819.82.

During the course of the week, the US dollar mounted a march against global currencies. The US dollar index rose about 1.6% to 90.165.

The ringgit, while holding firm against other major currencies, weakened against the US dollar to 3.93 yesterday.

Oil prices suffered a double blow in the form of the rising US dollar and shale oil production levels. Brent crude headed towards US$64 a barrel while WTI dropped towards US$60.

Statistics: Week-on-week, the FBM KLCI lost 50.66 points, or 2.7%% to 1,819.82 points yesterday, versus 1.870.48 points on Feb 2. Total turnover for the week stood at 15.69 billion shares amounting to RM16.44bil, compared with the previous week’s three-day market volume of 8.87 billion units valued at RM8.64bil.

Overview: While the local market is tracking the corrective energy of Wall Street, it is holding within a range of 1,800 to 1,840, suggesting that the local market is moving towards a period of consolidation rather than correction. Stateside, analysts are sharing the belief that the Wall Street sell-off will lead to a rebound before things deteriorate into a bear market.

The technical indicators indicate a shift in momentum in the local index, but that a firm downtrend has not yet taken hold. The slow-stochastic has crossed into a “buy” signal. The daily moving average convergence/divergence, which signalled a bearish divergence preceding the week’s decline and crossed into a “sell” signal on Monday, remains afloat above the zero line.

hey u berapa ada? sebijik?

Here’s what Warren Buffett says to do when the market tanks

(Feb 9): The U.S. stock market sell-off continued on Thursday. The Dow Jones industrial average entered correction territory, shedding over a thousand points, the third drop of at least 500 points in the last five days, and the S&P 500 dropped 3.7 percent to a new low for the week. That leaves many investors worried and wondering what to do.

During times of stress and uncertainty, Oracle of Omaha Warren Buffett recommends keeping a level head. In response to wild market fluctuations back in 2016, he told CNBC that buy-and-hold is still the best strategy.

"Don't watch the market closely," he advised those worried about their retirement savings at the time. "If they're trying to buy and sell stocks, and worry when they go down a little bit … and think they should maybe sell them when they go up, they're not going to have very good results."

Most analysts still consider this drop to be a normal correction, as opposed to a sign of an incipient bear market. Though losses are unsettling after 2017, the first year in history where the S&P 500 showed gains every month, Nick Holeman, a CFP at Betterment, agrees that you shouldn't panic.

He tells CNBC Make It that he recommends investors "re-watch their favorite Super Bowl commercials, get ice cream with their kids and say hi to a friend they haven't spoken with in a while."

"As long as you are invested appropriately for your goals, stay away from your investment portfolio," he says.

That said, if the drop does turn out to be more prolonged than expected, things get more complicated. Nick Holeman, CFP at Betterment, recommends that investors be sure to re-balance their portfolios. "When market volatility picks up, your portfolio can get unbalanced, which means you may be taking more or less risk than you think."

He also advises tax loss harvesting, "a time-tested strategy that uses market losses to help save taxes." It entails selling an investment in order to generate a loss that will ultimately maximize your tax-return.

For now, however, amid what looks to be a normal bull-market correction, the consensus is that you should not make any rash decisions. THEEDGE

keep a few months, warrant coming, sabah coming, a lot of good news, no worry

BUY!

BUY!

King Musang ty!

Eric Kirzner, a professor of finance at the University of Toronto's Rotman School of Management, described the situation as a "nice perfect storm."

Prolonged strong markets combined with strong economic news, paradoxically, frightened people worried about rising interest rates and an overheated economy, he said.

The market, he said, may not remain as strong as it has been in the past, but the most recent developments are certainly not a long-term reversal.

Yet he can understand why people who are in their 60s and 70s, looking at retirement, get frightened during times like these.

"But if you get frightened, it probably means you didn't have the right balance in your accounts to start with."

"The takeaway is if you had a nice balanced portfolio and if you had done the right thing — a good mix of safety income and growth — it shouldn't affect you to any great degree."

The market dipped into correction territory early Tuesday when the Dow Jones, which is made up of 30 big companies, dropped in the morning session by 569 points. But it rallied later that day, finishing up with a gain of 567 points.

The S&P 500, an index of 505 stocks issued by large companies, also rallied back Tuesday, gaining 1.8 per cent after losing 4.1 per cent the day before, its largest daily plunge since August 2011.

So while not a correction, it was certainly a significant adjustment, or blip. The steep drops Friday and Monday wiped out the gains the Dow and S&P 500 made since the beginning of the year.

Yet the while the point drops may appear large, the percentage change were relatively minor.

"The percentage changes were not nearly as big as the numerical values," said Diane Swonk, chief economist with audit firm Grant Thornton. "The percentage changes in the market, although big enough, they were nothing compared to the kinds of ... moves we have in the past."

Think back to Black Monday: On Monday, Oct. 19, 1987, the market plunged nearly 23 per cent.

'Catches your eye'
"It's just that we're getting [to] such lofty levels, a 1,000-point move means something because it catches your eye," Swonk said.

The markets have a had a great run with very little — if any — downside volatility, said Greg McBride, chief financial analyst at the New York based Bankrate.com, a consumer financial services company.

Markets tend to undergo a correction every 12 to 18 months. The last correction was 24 months ago, meaning the market was overdue, McBride said.

"The markets are kind of throwing a hissy fit," he said.

Part of that hissy fit, he said, has to do with a reaction to higher interest rates and inflation. Last week, the Federal Reserve signalled it would continue raising interest rates. Meanwhile, the monthly U.S. employment report came out indicating continued wage growth and higher inflation. Both these developments make investors squeamish, McBride said.

Positive for stocks in long term
The irony, he said, is that higher interest rates and inflation are all signs of a strong economy.

"The underlying economic fundamentals are better now than at any point in the last decade," he said. "All of which is very positive for stocks in the long term."

Why the stock market 'hissy fit' shouldn't prompt investor panic
It's natural to get nervous when the markets zig and zag, but experts say doing nothing can be best
By Mark Gollom, CBC News Posted: Feb 06, 2018 10:08 PM ET Last Updated: Feb 07, 2018 4:11 PM ET

Sometimes markets are in need of a good reality check. And this is definitely one of those times, says wealth management advisor Susan Latremoille.

"We gotta know that trees don't grow to the sky, the market doesn't go up forever," said Latremoille, who heads up the Toronto-based Latremoille Group, a wealth management firm.

"When days like this come along, nobody likes it, but it is a fact of life. It is part of the investment landscape to have volatility."

It's natural to get emotional when red ink is flowing everywhere, she said. It's especially true when investors have grown accustomed to a steady, calm market, and are not used to such volatility.

Do nothing
Despite all the recent turmoil, which resulted in the largest daily point drop in the stock market's history, investors should not panic.

The best course of action, really, is to do nothing, Latremoille said.

"The worst thing to do is to get all panicky and knee-jerk and either call your advisor and tell them to sell everything or, if you're a do-it-yourself investor, to press that button that gets you out."

The losses, she said, are strictly on paper. "Until you sell," she said. "Then the loss is crystallized at that point."

Those losses began Friday, with the Dow Jones industrial average losing 666 points, or 2.5 per cent. That turbulence continued Monday, with the Dow plunging by 1,175 points, a one-day total drop record, translating to a 4.6 per cent decrease. Combining Friday and Monday, the market had plunged by seven per cent.

But for a market correction to occur, stock value technically has to drop 10 per cent from a recent record high.

"Market corrections are like vegetables," Latremoille said. "They don't always taste good, but they're good for you."

woah same as matang

AirAsia seen sticking with Airbus A330neo

SINGAPORE: AirAsia is expected to reconfirm its commitment to the A330neo jet after Boeing sought to poach one of Airbus's top customers, a person familiar with the discussions said on Thursday.

In what would deliver an embarrassing blow to Airbus, AirAsia co-founder Tan Sri Tony Fernandes announced last week he was looking at buying Boeing 787s to expand the fleet of its long-haul arm AirAsiaX, as well as the A330neo and A350.

AirAsiaX has 66 A330neo jets on order worth $19.6 billion at list prices, but is re-assessing its options for new routes.

The decision of Asia's largest budget carrier - currently exclusively an Airbus customer - is seen as crucial as Airbus tries to shore up its slow-selling A330neo and Boeing looks to cement an advantage in wide-body sales, industry sources say.

With billions of dollars at stake, analysts caution that airplane purchase talks can swing either way at the last minute.

Airbus and AirAsia declined comment.

Airbus's new sales chief Eric Schulz told Reuters on Wednesday that he aimed to win two new customers this year for the A330neo, a re-engined version of Airbus's most-sold wide-body jet that enters service this summer.

On Thursday, Schulz said he had presented the latest flight test data to AirAsia executives at the Singapore Airshow, where Airbus also finalised an agreement to provide computerised predictive maintenance to the Malaysian budget airline group.

Airbus said the test data showed that the A330neo had a superior performance compared with Boeing jets.

Boeing officials deny the claim, saying its lightweight 787 flies more efficiently compared to the Airbus jet, which sells more cheaply on the market to adjust for the performance gap.

A showdown is looming between the 787 and A330neo as the two planemakers pursue airlines from Asia to America and Europe.

Airbus wants to fill unsold production spots for its A330 range to preserve its role as a promising source of cash for the company's other operations.

Boeing is looking to cement sales of its newest wide-body jet and squeeze demand for the A330 family, whose unexpected rebound in recent years - helped by 787 delays - had not been anticipated when Boeing drew up the business case for the 787.

Boeing is ramping up production of the 787 to 14 aircraft a month from 12 after strong sales, but competition with the A330 has forced it to accept lower margins for the jet than planned, aircraft analysts say.

Airbus had hoped to prolong the A330's recovery with the upgraded version but sales have been disappointing.

Many see 2018 as a potentially decisive year for the A330neo with consequences on the profit margins of both planemakers.

"It's going to be a dogfight," an industry executive said. - Reuters
Read more at https://www.thestar.com.my/business/business-news/2018/02/08/airasia-seen-sticking-with-airbus-a330neo/#L3T1hgvFQ5pTijJR.99

KLCI closes off day's best on Thursday

KUALA LUMPUR: Blue chips closed off their day's best on Thursday on late selling amid declining trading volume but some fund support was seen for Petronas Gas and Axiata

At 5pm, the KLCI was up 2.76 points or 0.15% to 1,839.44. Turnover was conservative at 2.05 billion shares valued at RM2.08bil compared with the previous days this week.

The broader market was firmer with 577 gainers, 365 losers and 375 counters unchanged.

The US dollar strengthened against the basket of currency, up 0.21% to 90.445. This saw the ringgit weakened 0.46% to the US dollar to 3.9268.

image: https://content.aimatch.com/default.gif

However, the ringgit rose 0.19% to the pound sterling at 5.4385 and gained 0.61% to the euro at 4.8058 and climbed 0.35% to 2.9543.

Hong Kong stocks regained some composure on Thursday after a brutal sell-off earlier in the week, with the benchmark Hang Seng Index ending the session slightly higher following five consecutive days of losses, Reuters reported.

At close of trade, the Hang Seng index was up 0.42% at 30,451.27. The Hang Seng China Enterprises index fell 0.43% to 12,380.38.

Japan's Nikkei 225 rose 1.13%, Shanghai Composite Index gained 0.42% and South Korea's Kospi 0.46% up.

US light crude oil fell 33 cents to US$61.46 and Brent was down 34 cents to US$65.17.

At Bursa Malaysia, Petronas Gas rose 38 sen to RM18 and boosted the KLCI 1.34 points, Petronas Dagangan lost12 sen to RM24.52 and Petronas Chemicals three sen to RM7.96. Hengyuan added 52 sen to RM13.20 while Petron lost four sen to RM11.22.

Axiata rose eight sen to RM5.48 and nudged the KLCI up 1.29 points, Digi gained three sen to RM4.86 and Telekom two sen lower at RM5.96.

Maxis, which recorded its highest profit after tax in four years, came under some profit taking, down thee sen to RM6.07.

Westports, which reported a 36% increase in the fourth quarter earnings to RM210.98mil, rose 21 sen to RM3.54.

MISC rose 12 sen to RM7.29, Tenaga fell four sen to RM15.80, while Genting Bhd shed four sen also to RM9. Genting Malaysia was 11 sen lower at RM5.34

Among the banks, Public Bank edged up four sen to RM21.98, Maybank and CIMB gained two sen each to RM10.08 and RM7.10, RHB Bank one sen higher at RM5.21 while Hong Leong Bank, and AmBank were flat at RM18 and RM4.45.

Read more at https://www.thestar.com.my/business/business-news/2018/02/08/klci-closes-off-day-best-on-thursday/#stEbzzaztWhzhjGD.99

Malaysian stocks end higher for second day in row

KUALA LUMPUR (Feb 8): The local stock market closed higher today for a second straight session of gains, as local institutions appear to buy back into stocks, albeit selectively.

The FBM KLCI ended the day 2.76 points or 0.15% higher at 1,839.44. The benchmark index rose as high as 1,842.65 points today. At its session low, it was down to 1,834.83 points.

“Investors are still watching developments in the US markets and looking out for clues,” Areca Capital Sdn Bhd chief executive officer Danny Wong told theedgemarkets.com today.

He said foreign funds and retail investors have turned net sellers recently.

Wong is of the view there are no signs of a crisis, with the local market still fundamentally strong.

“I doubt there will be any large impact on Bursa,” he said in relation to the volatility in the US markets.

Trading volume decreased to 2.05 billion shares worth RM2.08 billion, compared with yesterday's 3.32 billion shares worth RM3508.28 million. Market breadth was positive with 520 gainers versus 361 declines.

British American Tobacco (Malaysia) Bhd, Hengyuan Refining Co Bhd and Panasonic Manufacturing Malaysia Bhd topped the day’s list of gainers, while Hartalega Holdings Bhd, Chin Teck Plantations Bhd and Batu Kawan Bhd were among the top losers.

PDZ Holdings Bhd, PUC Bhd and Sapura Energy Bhd were most actively-traded counters.

Globally, investors remained on edge, after recent volatility seen in equity markets, with US bond yields rising towards four-year highs, Reuters reported.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3%, led by gains in India, while Japan’s Nikkei ticked up 1.1%.

Malaysia imposes anti-dumping duties on cold-rolled stainless steel

KUALA LUMPUR (Feb 8): The government has concluded the anti-dumping investigation concerning imports of cold-rolled stainless steel (CRSS) and decided to impose the final affirmative anti-dumping duties, effective for five years, from today to Feb 7, 2023.

In a statement today, the Ministry of International Trade and Industry (MITI) said the Royal Malaysian Customs Department would enforce the collection of anti-dumping duties from imports from China, South Korea, Chinese Taipei and Thailand.

It said under China, the duties for Shanxi Taigang Stainless Steel Co Ltd would be 2.68 per cent; and, others, 23.95 per cent.

For South Korea, Hyundai BNG Steel Co Ltd and Hyundai Steel Co there would be no duties; POSCO would pay 4.44 per cent and others, 7.27 per cent.

For Chinese Taipei, Chia Far Industrial Factory Co Ltd and Yieh United Steel Corp would not have to pay the duties; Tang Eng Iron Works Co Ltd 7.78 per cent; Walsin Lihwa Corp 2.79 per cent; and, others 14.02 per cent.

For Thailand, POSCO-Thainox has to pay 22.86 per cent; and, others 111.61 per cent.

MITI said the investigation was initiated in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994 on May 15, 2017 based on a petition filed by Bahru Stainless Sdn Bhd (petitioner) on behalf of the domestic industry producing CRSS.

“The petitioner alleged that imports of CRSS from the alleged countries are being dumped into Malaysia at a price much lower than their domestic prices, causing material injury to the domestic industry in Malaysia.

“With the imposition of anti-dumping duties on imports of CRSS from the alleged countries, it is expected that the issue of unfair trade practices will be addressed,” it said.

MITI said interested parties (importers, foreign producers/exporters and associations related to the investigation) could have access to the non-confidential version of the public report on the final determination by submitting a written request to:

Director,

Trade Practices Section,

Ministry of International Trade and Industry,

Level 9, Menara MITI,

No 7, Jalan Sultan Haji Ahmad Shah,

50480, Kuala Lumpur, MALAYSIA

-0- Feb/07/2018 16:01 GMT

THEEDGE

noted with thanks, locomania :D

JPMorgan raises oil price forecast to $70, topping many Wall Street targets, citing strong demand :D

looks nice

I heard from a friend all the board members same, if they know you, bumped into you in a hotel, they start promoting their stocks, BUY BUY GOOD NEWS COMING LOL