Post removed.Why?

Post removed.Why?

yeah. what the hack with this counter? somebody are buying that cheap? what is the plan actually ? i hate when i dont know much about the insider.arghhhh

sold mine all today. Thank you PMHLDG. Thank you Dr Yu. Those inside good luck. :-)

I thought it will start climb back around January and Shoot Up before Chinese New Year. Why its coming soon so early fatdadlo ?

when is the T3?

i thought it going down?

simon333 im not so sure about it. what we know as a oil player,First Q1 of every year is the adjustment period of Oil company. Better berhati-hati liow. I will stay side line at the moment. Just stay put my oil & gas portfolio there until 1Q 2015 completed. Will shift my target to company related to GST YGL,NOVA,PRIVA,DGSB for Q1 2015. :-)

But some oil strategists say the abrupt reversal was bearish and crude could find new lows. Some do not expect a real bottom in the market until at least late February or March when oil is seasonally down because of lower demand and refineries shutting down.

Oil futures have also been highly volatile ahead of the expiration of the January WTI contract Friday.

"It means nothing has changed. It was a brief rally with an exuberance that crossed through all markets. The fundamentals continue to talk the price down," said Kilduff. "It was a weak rally in sympathy with the rest of the market. Now you have Naimi, and you have (Russian President Vladimir) Putin saying he can handle lower prices."

andychucky RON 95 will be below RM2.00 come 1 January 14.

next week maybe it will settle around 0.20. let all the profit taking done before the next push when time come.

January is the month for consumer. As local oil price at all petrol station for RON 95 expected to go down below RM 2.00 per litter.

Malaysia $31 Billion Pension Fund Bets on an End to the Selloff

Malaysia’s second-biggest pension fund is reducing cash holdings and buying more of the nation’s bonds and stocks, said Chief Executive Officer Wan Kamaruzaman Wan Ahmad, adding that he sees little risk in emerging markets.

Kumpulan Wang Persaraan (Diperbadankan) has been a net buyer of the securities during this month’s selloff in developing nations, Wan
Kamaruzaman said in an interview. The retreat in Malaysian stocks and bonds, which saw the benchmark share index drop to a 20-month low and 10-year government debt yields rise to the highest since January, is temporary and the market will recover in the first quarter, he predicted.

Wan Kamaruzaman’s optimistic outlook comes amid global financial turmoil, sparked partly by a slump in oil prices that threatens to hurt the economies of crude exporters including Malaysia. The Russian ruble dropped to a record this week as the world’s biggest energy supplier raised interest rates to 17 percent and President Vladimir Putin warned the nation faces a crisis. Only one of the 24 emerging-market currencies tracked by Bloomberg has avoided a loss in December.

“Trust me, there’s not going to be a rout in emerging markets, or a fiasco,” Wan Kamaruzaman said in Kuala Lumpur yesterday. “I will put my money in,” he said, adding that developing nations are in a better position than during the 1997-98 financial crisis because of their higher foreign reserves and current-account surpluses.

Malaysia’s currency plunged 35 percent in 1997, sparked by the devaluation of the Thai baht, and the FTSE Bursa Malaysia KLCI Index (FBMKLCI) of equities slid 52 percent.

Stock Picks

KWAP, as it’s better known, favors plantation and construction shares. Palm oil prices have been stable at $2,100 a metric ton and are likely to rise further next year, he said. Prime Minister Najib Razak’s development program to build railways, roads and power plants is also supportive for construction names, he added.

“While we have been comfortable keeping six percent in cash, we are now minimizing our cash and putting more money into the local equity and bond markets,” Wan Kamaruzaman said.

Malaysia’s ringgit dropped 5.3 percent this quarter, headed for its worst three-month performance since September 2011. The currency fell to 3.5073 a dollar on Dec. 8, the weakest level since 2009.

The drop in the ringgit is due to the dollar’s strength and concern over falling crude oil prices, Wan Kamaruzaman said, adding that the market moves were exacerbated by the year-end decline in liquidity before the holidays. Malaysia’s currency could rebound to 3.3 in the first quarter, he said.

Rate Environment

Demand for the nation’s bonds will pick up next year given the low interest-rate environment elsewhere, the CEO said. Switzerland cut its benchmark rate below zero yesterday, joining the European Central Bank. Borrowing costs are 3.25 percent in Malaysia, compared with 0.1 percent in Japan and zero to 0.25 percent in the U.S.

KWAP, has invested 10 percent of its funds in overseas assets from a 19 percent limit, Wan Kamaruzaman said.

The fund, which collects an average of about 4 billion ringgit ($1.2 billion) annually from its members, will only raise its overseas bond holdings if yields become more attractive, Wan Kamaruzaman said.

“While the U.S. and U.K. economies are looking good, the reality is that Europe is still in the doldrums and the demographics in Japan and China aren’t that favorable,” he said. “People will start looking at Malaysia because valuations are getting attractive.”

optimuss the reason i start to bearish about Suma because of oil market. Even Dow go double but it reflect american economy and not much impact on oil price. You can see yesterday. Dow go double but oil declining. This situation not go for oil & gas company.Yes US economy become strong day by day but it also give huge impact to oversea market where dollar become stronger then ever and lead to problem in currencies market at BRIC & Asian Country. In my opinion the last push this previous day is only because of the news which already coming out on 18 Dec 14. Now investor start to be carefull again as you can see oil heading back to below 55 USD WTI & BRENT below 60 USD.

ok wait back below 0.2.

no wonder it go down. News out already.

Reference is made to the announcement on 10 December 2013 in relation to the entering into the Gas Development & Production Agreement (“GDPA”) between the Company and Markmore Energy (Labuan) Limited (“MELL”) for the development of gas resources at the Rakushechnoye oil and gas field in in the Karakiyan District of the Mangistau Oblast, Kazakhstan.

The Company is pleased to announce that it had on 18 December 2014 signed a Deed of Novation (Gas Development and Production Agreement) with MELL and the wholly-owned subsidiary of the Company, Sumatec Corporation Sdn Bhd (“SCSB”), whereby all parties agreed for the Company to novate all its rights, title, benefits, interests, obligations and liabilities under the GDPA to SCSB (“the Novation”). All the terms and conditions as stipulated in the GDPA shall remain unchanged.

The Novation is carried out as part of Sumatec’s streamlining of business activities to improve operational efficiency.

This announcement is dated 18 December 2014.

Post removed.Why?

tomorrow market super bull with KLSE above 25 point and Suma to touch back 0.30.

suma heading for 0.30 for Thursday.

Obama to Announce Easing in U.S.-Cuba Relations ....Get Ready Guys for super bull tomorrow.

Suma Price tomorrow will be in tandem with FED Announcement today, Russia Putin Press Conference on Economy Tomorrow & Late Evening Policies Change & Address Between USA & CUBA which believe directly related to Oil. Goodluck all investor for tomorrow.

Suma Price tomorrow will be in tandem will FED Announcement today, Russia Putin Press Conference on Economy Tomorrow & Late Evening Policies Change & Address Between USA & CUBA which believe directly related to Oil. Goodluck all investor for tomorrow.

This Hedge Fund Manager Who Remembers 1998 Says Prepare for Pain

Investors woke up today to Russia’s 1 a.m. interest-rate increase to defend the ruble. There’s the mounting likelihood of a Venezuelan default. Stocks from Thailand to Brazil are reeling. The Fed hasn’t even begun raising interest rates.

Jen is bracing for more pain.

“At some point, the risk of fractures in parts of EM will rise sharply,” said Jen.

While unwilling to draw up a blacklist for now, he says exchange rates reveal emerging-market dangers. Russia’s ruble, Brazil’s real, Mexico’s peso, Turkey’s lira, the South African rand and Indoniesian rupiah have all hit the skids.

The biggest causes for worry, bigger than a recession in Russia or the oil-price plunge: the slowdown in China, which has already upended commodity prices, and the likelihood U.S. growth will propel the dollar higher and suck assets out of emerging markets.

what happen to Ruble Russia is the same situation when Thai Bath being attack during Asian Financial Crisis 1998.The value of the currencies depreciate so much.

wakakakakak. aiyo im not like that gay wannabe PM la. hahahah

however i like Mr Najib.heheheh. Muahhh.

That new RM 50 look good but RM 100 too bright like gold color. heheheh.

How to turun ? Oil go down. Ringgit Also go down. If oil go down and ringit go up then you gonna be very happy la that RON price will go down in correlation to market price and strong ringgit. aiyo.

Malaysia in very bad shape now. Global growth slow. China economy Slow. Russia economy Slow. Japan on Recession.EU economy start slowing. Asian market and its financial market now slow. All those are malaysia export market including our biggest electronic,component and supply buyer. All indicate a slow in growth except US. How on earth Malaysia going stand strong this time around. Ringgit is down. Share Market is down. Oil the main income for govt also down,commodities palm oil and rubber price crashing. How on earth we going to survive. Last time at least we have one item if another one down. This time all go down together.

So u know the answer for tomorrow trade. BLOOD EVERYWHERE FOR KLSE. PLUSE GOVT Already print new RM 100 & RM 50 note. Goodluck for tomorrow guys.

But at the evening it is clearly ====> Ruble Sinks to 70 a Dollar Defying Surprise Russia Rate Increase

This is the reason of todays rise in oil related counter ====>Russia Defends Ruble With Biggest Rate Rise Since 1998

hahahahaha. i never thought it will be this fast. I thought by Christmas it will be 55.5 USD. But today WTI already go below 54 USD and heading to 50 USD. Brent heading to 55.5. Those buying suma today will burn tomorrow. hahahah. Told you so. I will move to below 50 USD soon. Blood everywhere tomorrow.

told you so

when did i drag people. I just give my own opinion from what i hear from oil and gas player in the industries where i work and share. The thing is..the arab want the price at this level so that it bring a great impact to the shale producer.around 60 USD shale producer still can survive. but around 40 - 50 USD they will totally sakit and so tutup kedai.

suma final target is 0.12 before it stabilize and start to go up again. The Arab is looking for oil around 40-50 USD. Duration 3-6 month. :-). Tomorrow blood KLSE. Happy Trading all.

i only can share that much calvin. Cannot share much here. Later i will kena it COBE if revealed too much info that supposed to be confidential.

Optimuss Rapid will go on. who said PETRONAS halt the project? If half...then why the management ask us to recruit even more ? aiyo dont sebar khabar angin la. What la. This kind of people also got.

before christmas oil will touch 55.5 USD. Suma before christmas 0.15. :-) . I waiting for u there suma.

oil will test 55.5 USD Before Christmas and when it touch that number, investor will be very very careful.

Monday Opening is at 0.175 and close at 0.165. :-)

The ruble tumbled to a record for a second day, prompting speculation Russia’s central bank intervened to slow the rout as weaker oil prices worsen the outlook for an economy verging on recession. Government bonds slid.

Russia’s currency is on course for its worst year since the nation’s 1998 default after getting battered as sanctions over the conflict in Ukraine blocked companies from western debt markets and oil dropped into a bear market. Five interest-rate increases by the central bank failed to alter the ruble’s course, while choking economic growth as inflation accelerates to a three-year high.

Of all the financial barometers highlighting the crisis in Venezuela, this may be the one that unnerves investors the most as oil sinks: The country’s foreign reserves only cover two years of bond payments.

The government and state-run oil company owe $21 billion on overseas bonds by the end of 2016, an amount equal to about 100 percent of reserves. Those figures explain why derivatives traders aren’t only betting that a default is almost certain but that it will most likely happen within a year.

arv18 based on talk2 that i heard hear from our petronas friend...possible for it to go around 50 USD - 60 USD by End of this year.If Economic data bad in the country and other places like china,russia and EU possible it go down below 50 USD.

not sad about the price. The current price im very happy. I even hoping it go down more. Im sad about my bonus.hahahah. Thats all la mysashi69.

Based on current price Petronas will even lower the payment of dividend next year which i think below 45 billion as currently we also try to strategies the best way for petronas to survive. Internally all project being reviewed again, FID in Canada hold, next year budget for the for capex cut by 20%, G & A by 15 % and Travelling by 30%. As a staff i believe highly possible next year we not going to have bonus for the staff. So sad. :-( .

the country have no choice as both oil and plam oil down. what can Malaysia do to save the country. I dont know. I really dont know.Ringit heading to its previous 3.80 per USD. aiyo.

oil will drop heavily today as us market open.

Im waiting at 0.15 on monday.

Saudi will lead to world economic collapse.Asia start feel the burning of oil moving down. Next Europe and finally America.