I keep praying that I hope top corporate raiders Quek Leng Chan, Chua Ma Yu, Tong Kooi Ong, Peter Lim Eng Hock will be watching this banking deal as 2.4 is too unbelievable and too unfair to the member of LTAT 😁

The proposed takeover of EONCap by HLBB has all the makings of a replay of the hostile takeover of Southern Bank Bhd (SBB) by the CIMB Group back in 2005.

industry observers say there have been indications that HLBB isn’t willing to pay anything above 1.3-1.5 times price-to-book value (PBV) for EONCap, based on its rather low return on equity (ROE) of 4.2% and return on assets of 0.3% in FY2008.

Thus, based on its 2008 book value (BV) of RM4.62, this works out to between RM6.15 and RM7.10 a share. EONCap’s projected BV for 2009 is RM5.05 — which means that the price that Quek may be willing to pay is anything between RM6.76 and RM7.50 a share.

https://theedgemalaysia.com/article/cover-story-quek-prowl

Read the above news line by line to understand that a banking licence is a valuable commodity and a machine to print money. The banker can collect deposits from the general public and give out loans and pocket the difference as his profit so it is never in my trading career that a banking business changes hands with such low valuation.

Those who are late to the party the night is still young and it is acceptable to take the calculated risk as the cut loss level can be set at 2.3-2.4 ringgit with limited downside if the takeover price by Abang Jo at 2.4 ringgit turns out to be true but if this is a fair deal the upside should be around 6-7 ringgit and my calculations based on intrinsic value and technical chart are pointing close to this level.

Personally I set my exit point at 2.15 ringgit with current level if I remember correctly my profit is around 50% but I am pretty confident there will be a hostile takeover by some other banking tycoon to frustrate the deal.

Let's wait and see. UMW nta 4.16 ringgit vs Sime takeover price of 5 ringgit so if the takeover price of Affin by Abang Jo is fixed at 2.4 ringgit will shock the market and LTAT members as normally a takeover deal will be based on NTA valuation.

US stocks are heavily overvalued, a recession is coming, and AI is overhyped, Jeremy Grantham said.
Stocks would have plunged another 20% or 30% in 2023 if not for the AI craze, the investor said.
Grantham said he's worried about foreign wars, especially when asset prices are at record highs.

https://markets.businessinsider.com/news/stocks/us-stock-market-outlook-grantham-ai-bubble-crash-recession-economy-2024-2

ESG RISK RATING
(the smaller the number the better)
NVIDIA Corp. 13.5
DBS 18.5
Hong Leong Bank Bhd 18.6
Nestlé (Malaysia) 20.9
Public Bank 21.2
Sime Darby 23.7
Maybank 24.4
Affin Bank 25.4

https://www.sustainalytics.com/esg-rating/affin-bank-bhd/2000673564

EPF is a well managed institution and their selling is more likely related to ESG instead of the takeover by Abang Jo.

The bearish scenarios for crude oil and palm oil are due to the bullish scenario on USD so it is expected to see more downward pressure on commodities all over the world. When CPO hit all time high analysts said it was because of the Ukraine Russia War but this war is still ongoing so the collapse of CPO has nothing to do with the war but the movement of USD.

Jim Rogers warns that global 'good times' are nearing the end
Investor cites looming U.S. recession, China property woes as causes for gloom.

https://asia.nikkei.com/Editor-s-Picks/Interview/Jim-Rogers-warns-that-global-good-times-are-nearing-the-end

A bullish trend is anticipated above RM2.15, while a bearish scenario is envisaged below this threshold.

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

Affin Bank as long as trading above 2.15 the uptrend remains valid. Not sure what caused the deep pull back but technically the correction is within expectation.

KLCI and Bear Market Dynamics:
Investors in the Malaysian equities market should approach current conditions with vigilance and prudent risk management, given the potential presence of a bear trap. Technically, the KLCI has been entrenched in a structural downtrend since 2014, significantly influenced by the collapse of commodity bubbles in oil (US$145 in 2008) and palm oil (RM8000 in 2022). These events, coupled with the close correlation between the Malaysian economy, MYR, and commodity prices, have contributed to this extended bearish period.

Navigating a Bear Market:
Successfully navigating a structural bear market necessitates a nuanced understanding of the underlying economic dynamics. While acknowledging the overarching challenges, astute investors can identify pockets of resilience and growth within specific sectors, such as those connected to development in Johor (UEMS) and Sarawak (Affin Bank). This strategic approach enables investors to prudently position themselves within the market, mitigating risks and capitalizing on potential opportunities.

For investment or trading ideas, please feel free to visit my chart gallery:
https://www.tradingview.com/u/Yang358/#published-charts

I love astronomy so most of my calculation/logics actually somehow related to astrophysics and planetary orbit. Something to do with price resistance, time resistance and speed resistance.

Most people visit stock forum for quick tips. They will not bother to read external news or video and so on ... 😀

These hedge funds sometime purposely create "intraday sell signal" to induce short sellers to push down the price and create volatility so that they can collect more shares at lower prices.

The news sounded like Abang Jo is looking for board control so LTAT will be out of the equation but the selling price must be fair so logically it must be close to NTA but retailer must take note that the market price may or may not trade up to that level as Abang Jo is not buying the shares from open market but a direct business deal.

UEMS above 0.89 is bullish; below 0.89 is bearish. Key date to watch 30 Jan 2024, 22 Feb 2024 and 01 March 2024.

https://www.tradingview.com/chart/UEMS/L9yVo3xu-Time-Cycle-Analysis/

KLCI and Bear Market Dynamics:
Investors in the Malaysian equities market should approach current conditions with vigilance and prudent risk management, given the potential presence of a bear trap. Technically, the KLCI has been entrenched in a structural downtrend since 2014, significantly influenced by the collapse of commodity bubbles in oil (US$145 in 2008) and palm oil (1611 MYR in 2022). These events, coupled with the close correlation between the Malaysian economy, MYR, and commodity prices, have contributed to this extended bearish period.

Navigating a Bear Market:
Successfully navigating a structural bear market necessitates a nuanced understanding of the underlying economic dynamics. While acknowledging the overarching challenges, astute investors can identify pockets of resilience and growth within specific sectors, such as those connected to development in Johor (UEMS) and Sarawak (Affin Bank). This strategic approach enables investors to prudently position themselves within the market, mitigating risks and capitalizing on potential opportunities.

For investment or trading ideas, please feel free to visit my chart gallery:
https://www.tradingview.com/u/Yang358/#published-charts

HSR will only become financially viable in 70 years

Financial failures have been the case for most HSR projects since these started in Japan (1964) and Italy (1970) and it is difficult to see why our HSR system would perform otherwise, especially since the underlying passenger volume required to make it viable will not be present for the next 70 years.

source: https://www.malaysiakini.com/news/427627

CTOS NTA 0.26 MYR, above 1.62 MYR is bullish, below 1.62 MYR is bearish. The forecasted trajectory is heading south unless the price action can penetrate 1.62 MYR comfortably.

https://www.tradingview.com/chart/CTOS/z4xHKd7C-Time-Cycle-Analysis-CTOS/

The Discounted Cash Flow (DCF) valuation of CTOS Digital Bhd (CTOS.KL) is 0.72 MYR. With the latest stock price at 1.41 MYR, the upside of CTOS Digital Bhd based on DCF is -48.6%.

source: https://valueinvesting.io/CTOS.KL/valuation/dcf-growth-exit-5y

For investment or trading ideas, please feel free to visit my chart gallery:

https://www.tradingview.com/u/Yang358/#published-charts

Let the profit runs and cut short your losses. At this moment, it is still early to take profit as the upside outweighed downside. The chart will tell when it is about to trend reversal such as vol contraction or inverted hammer or hangman or bearish engulfing and so on.

From a technical perspective, Affin Bank appears to have entered an anti-gravity mode, with the path of least resistance favoring the upside. A bullish trend is anticipated above RM2.15, while a bearish scenario is envisaged below this threshold.

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

For investment or trading ideas, please feel free to visit my chart gallery:

https://www.tradingview.com/u/Yang358/#published-charts

Not so familiar with those political news but the news sounded like LTAT is resistant to change and kind of uncomfortable with this CEO and his professional way of restructuring the fund. No indication his resignation has anything to do with Affin Bank or Abang Jo as this CEO is a professional fund manager.

Beside regulatory approvals, LTAT will need to see the valuation report on the market value of Affin @ TRX and the true worth of AffinHwang Investment Bank and so on.

https://www.skyscrapercenter.com/building/affin-bank-trx/35489

But retailers have to understand the fact that even Abang Jo is buying the block of shares from LTAT it doesn't always the case that the share price in short term will be traded up to that level as the business transaction is between Abang Jo and LTAT and nothing to do with the outstanding shares quoted in the open market. The logic why a takeover deal must be based on NTA is similar to Abang Jo buying out the Affin Bank new office located in TRX as the price of a property must be based on the value of the landed property regardless of whether it is generating income or not. However, the good news is that according to my spreadsheet formula Affin Bank is entering the anti-gravity zone and under zero gravity environment anything can fly.

LTAT is a public fund so they are answerable to their public members. They have to engage an investment bank to advise them whether the selling price is fair or not and most investment analysts are using a standard spreadsheet to plug in the same formula to derive their conclusion. Under normal condition a takeover deal will be based on NTA rather than PE to prevent hedge funds to do asset stripping.

This is my trading call dated 15 Dec 2020. Most of the time chart will tell the true story:

https://www.tradingview.com/chart/DPHARMA/5tKe08jN-Trend-Analysis/


For investment or trading ideas, please feel free to visit my chart gallery:

https://www.tradingview.com/u/Yang358/#published-charts

Investors should exercise caution and remain vigilant against the potential bear trap. From a technical standpoint, the Kuala Lumpur Composite Index (KLCI) has been entrenched in a structural bear market since 2014, primarily triggered by the collapse of the oil bubble. This occurrence is significant as the Malaysian economy and the Malaysian Ringgit (MYR) share a high correlation with oil prices.

Within the broader context of a structural bear market, it's essential to recognize that opportunities persist, albeit selectively. Certain stocks, particularly those linked to the development initiatives in Johor and Sarawak, demonstrate a seasonal bullish trend. These specific sectors may exhibit resilience and growth potential even amidst the broader market challenges associated with the prolonged bearish conditions.

Navigating the complexities of a structural bear market demands a nuanced understanding of the economic dynamics at play. While acknowledging the overarching challenges, astute investors may identify pockets of resilience and growth within specific sectors, such as those connected to the developmental activities in Johor and Sarawak. This strategic approach enables investors to position themselves prudently within the market, mitigating risks and capitalizing on potential opportunities.

For investment or trading ideas, please feel free to visit my chart gallery:
https://www.tradingview.com/u/Yang358/#published-charts

《雅加达邮报》报道，雅万高铁首年将面临3.15兆印尼盾（约9.4亿令吉）的赤字，恐拖累国家财政。

印尼主流英文报《雅加达邮报》30日发表社论，雅万高铁几经延宕终于在去年底营运，不过在享受这番喜悦后，“得付钱了！我们必须面对债务的现实，这将在未来几年拖累我们的国家财政”。

《雅加达邮报》报道指出，负责营运雅万高铁的“印尼中国高铁公司”（KCIC）统计，营运首年将面临3.15兆印尼盾财政赤字。分析指出，赤字可能会持续数十年，并可能影响支持此项目的国有企业，特别是印尼铁路公司（KAI）持有印尼方的最大股份。(source: enanyang.my)

Time Cycle Analysis:
MRCB above 0.715 is bullish, below 0.715 is bearish. Key date to watch is 24 April 2024. The forecasted trajectory is heading south unless the price action can penetrate 0.715 comfortably.

https://www.tradingview.com/chart/MRCB/wzmkil6b-Time-Cycle-Analysis-MRCB/

Ranhill, above 0.87 is bullish, below 0.87 is bearish. Key dates: 22 April 2024, 17 Sept 2024, 14 April 2025.

https://www.tradingview.com/chart/RANHILL/BmkXidOg-Time-Cycle-Analysis-Ranhill/

As of 2024-01-31, the Fair Value of Ranhill Utilities Bhd (RANHILL.KL) is 2.03 MYR. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 1.13 MYR, the upside of Ranhill Utilities Bhd is 80%.

Peter Lynch's formula: Fair Value = Earnings Growth Rate x TTM EPS

source: https://valueinvesting.io/RANHILL.KL/valuation/fair-value

Should LTAT persist as the major shareholder, the acquisition could regress, given Affin Bank's trajectory towards becoming a cutting-edge bank with advanced technology for risk management. LTAT, being more risk-averse and conservative, might impede the bank's evolution into a leading Digital Bank, similar to the PhileoAllied Bank established by Tong Kooi Ong.

The concept of anti-gravity remains speculative, involving the creation of an object immune to gravitational forces. The recent Time Cycle Analysis posted on January 26, 2024, featured a yellow line at RM2.69. The subsequent high reaching RM2.69 cannot be dismissed as coincidental but rather indicative of a calculated orbit, utilizing state-of-the-art technology for tracking Near Earth Objects, such as asteroids.

From a technical perspective, Affin Bank appears to have entered an anti-gravity mode, with the path of least resistance favoring the upside. A bullish trend is anticipated above RM2.15, while a bearish scenario is envisaged below this threshold.

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

Assessing the Potential of Sarawak's Banking and Mega-Project Developments

Privatization of Banking Group:

Unlikely: Privatizing a major banking group is a complex and sensitive undertaking with potential economic and political repercussions. While not entirely impossible, it's unlikely Abang Jo would prioritize this move given the potential risks and complexities involved.

Alternatives: Expanding the capital base and attracting strategic partnerships through joint ventures or minority stake sales might be more feasible and less disruptive approaches.

Potential Partnerships and Expansion:

DBS Collaboration: A collaboration with DBS, a leading Singaporean bank, could bring expertise and regional reach to Sarawak's banking sector.

Capital Base Expansion: Enlarging the capital base could strengthen Sarawak's financial institutions and enhance their lending capacity.

Mega-Project Pipeline: The proposed projects, including an undersea power cable, AI datacenter, and a Sarawakian counterpart to Petronas, linking projects to Indonesia's new capital, Nusantara, represent a vision for significant economic diversification and infrastructure development.

Technically speaking, Affin Bank has entered anti-gravity mode and the least resistance is on the upside. Above 2.15 is bullish and below 2.15 is bearish. Key dates to watch are around 27 Feb 2024 and 08 May 2024.

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

UEMS above 0.89 is bullish; below 0.89 is bearish. Key date to watch 30 Jan 2024, 22 Feb 2024 and 01 March 2024.

https://www.tradingview.com/chart/UEMS/L9yVo3xu-Time-Cycle-Analysis/

KLCI above 1552 is bullish and below 1552 is bearish. The most likely trajectory is heading south.

https://www.tradingview.com/chart/FBMKLCI/gGMqXJe6-Time-Cycle-Analysis/

MRCB above 0.715 is bullish, below 0.715 is bearish. Key date to watch is 24 April 2024. The forecasted trajectory is heading south unless the price action can penetrate 0.715 comfortably.

https://www.tradingview.com/chart/MRCB/wzmkil6b-Time-Cycle-Analysis-MRCB/

Singapore is to channel investments such as data centre projects into Sarawak under a proposal by the state to sell excess energy to the republic, Sarawak Premier Tan Sri Abang Johari Openg said on Tuesday.

https://theedgemalaysia.com/node/699156

Abang Jo's acquisition of Affin Bank is not a frivolous endeavor but a strategic move in line with his comprehensive plan. The earnest pursuit of bank ownership is driven by Sarawak's vision to establish a self-sufficient economy, intending to economically detach from the declining Peninsular economy, especially in Penang. The forthcoming extensive infrastructure projects in Sarawak are anticipated to yield significant multiplier effects on the local economy. Singapore's substantial purchase of power from Sarawak via an undersea cable highlights the region's potential as a power supplier. It won't be surprising if Sabah follows suit in procuring power from Sarawak. Additionally, with Indonesia's new capital, Nusantara, potentially seeking power supply from Sarawak, the strategic acquisition becomes even more pivotal. The acquisition cost below Net Tangible Assets (NTA) implies that Abang Jo is essentially acquiring Affin Bank at little to no cost, especially when factoring in the potential value derived from the separation of AffinHwang Investment Bank, a substantial player in the stock market.

Affin Bank above 2.15 is bullish and below 2.15 is bearish. Key dates to watch are around 27 Feb 2024 and 08 May 2024.

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

Don't think Abang Jo will say anything this 3pm or else the stock should be suspended today pending important corporate announcement. The most likely statement from him will be: " "if there is no wind, the flag will not flap"

Affin Bank immediate support RM2.25, resistance RM2.69

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

It is a simple math logic. If the bullet train project is profitable, why don't the Japanese consortium participate in the bidding?

When institution investors or hedge funds are selling it doesn't mean they are bearish or trying to unload their shareholding. Sometime the selling are trying to test the buying strength of the market.

THE CRUX OF THE PRESENT CONTROVERSY IS WHICH IS BETTER, TO STUDY MATHS & SCIENCE IN BAHASA OR TO STUDY MATHS AND SCIENCE IN ENGLISH?

https://blog.limkitsiang.com/2009/07/17/which-is-better-learning-maths-and-science-in-bahasa-malaysia-or-in-english/

Time Cycle Analysis: MRCB
MRCB above 0.715 is bullish, below 0.715 is bearish. Key date to watch is 24 April 2024. The forecasted trajectory is heading south unless the price action can penetrate 0.715 comfortably.

https://www.tradingview.com/chart/MRCB/wzmkil6b-Time-Cycle-Analysis-MRCB/

Abang Jo: "if there is no wind, the flag will not flap"

Affin Bank immediate support RM2.25, resistance RM2.69

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

This article was posted two weeks ago and repost here for easy reference:

Penang's Economic Shift: Concerns Regarding Talent and Emerging Opportunities

Evolving Landscape: Penang's established position as a key investment hub may be facing challenges due to a perceived talent gap in advanced engineering sectors, particularly in areas related to artificial intelligence chip development. This highlights the need for Malaysia to continuously refine its education system to nurture world-class talent capable of navigating complex technological advancements.

Emerging Competitors: Johor and Sarawak are attracting attention as potential alternative investment destinations due to their unique strengths. Johor benefits from its geographical proximity to Singapore, fostering a skilled workforce through knowledge transfer and spillover effects. Sarawak, abundant in renewable energy resources, offers cost-competitive manufacturing opportunities for energy-intensive industries. Investment Considerations: While specific stock recommendations should be treated with caution, UEMS (5148) and Affin Bank (5185) could be seen as potential proxies for exposure to Johor and Sarawak's respective economic prospects. However, thorough due diligence, including valuation analysis and consideration of broader market factors, is essential before making any investment decisions. Future Trends: The potential rise of digital banks presents another interesting avenue for exploration. Close monitoring of players like Boost Bank, backed by RHB and Axiata (6888), might be warranted, though investment decisions should be guided by comprehensive analysis of the digital banking landscape and individual company fundamentals.

https://klse.i3investor.com/web/forum/forum-thread/909170208

KLCI above 1552 is bullish and below 1552 is bearish. The most likely trajectory is heading south. Following the discontinuation of UPSR and PT3 by the Ministry of Education, there is a discernible decline in the commitment of our students towards their academic responsibilities. The absence of these benchmarks has resulted in a lack of effective evaluation tools for assessing students' learning abilities. This concerning trend raises the prospect of a nation destined for failure if not appropriately addressed.

https://www.tradingview.com/chart/FBMKLCI/gGMqXJe6-Time-Cycle-Analysis/

KLCI above 1552 is bullish and below 1552 is bearish. The most likely trajectory is heading south. Following the discontinuation of UPSR and PT3 by the Ministry of Education, there is a discernible decline in the commitment of our students towards their academic responsibilities. The absence of these benchmarks has resulted in a lack of effective evaluation tools for assessing students' learning abilities. This concerning trend raises the prospect of a nation destined for failure if not appropriately addressed.

https://www.tradingview.com/chart/FBMKLCI/gGMqXJe6-Time-Cycle-Analysis/

The political landscape of Malaysia has been dominated by Sarawak. Before the Unity Government (UG) was formed, DAP had to fly to Sarawak and ask for their apologies. When PN was trying to topple or so called Dubai Move, it was Abang Jo who kept UG alive and said NO to PN’s promise for him to become Prime Minister. With this kind of mighty force of political power, it is unlikely that Sarawak will be pleased with a mere 20% stake in Affin Bank. Affin Bank has a hidden gem. Those who can hostile takeover the banking group and spin off AffinHwang Investment Bank will get Affin Bank for free. Just like how Sarawak is running the political show to control the UG, Affin Bank is almost within the pocket of Abang Jo.

Affin Bank is the smallest bank in Malaysia so it is kind of interesting that it has attracted the attention of the Sarawak government. Sarawak is the most powerful state in Malaysia which is asking to increase their parliament seats to more than 30%. With this kind of political ambition it is unlikely that Sarawak will be pleased with only a five percent stake in Affin Banks.

AffinHwang Asset Management was sold to world largest hedge fund CVC and AffinHwang Investment Bank, still owned by Affin Bank. Half of the AI chips produced by Nvidia shipped to Singapore and Singapore is buying Gigawatt of power supplies through undersea cable from Sarawak. When we put together all the information you can see something big is brewing behind the scenes. AffinHwang Investment Bank is the largest stockbroker in Malaysia with an established business network. Sarawak must shift to high gear to accumulate Affin Bank shares in the open market or else someone else will and eventually become a hostile takeover drama.

Sarawak government is buying the banking group not for investment but strategic reasons so any price below NTA will be a good bargain for them. Affin Bank is a small bank but it's Investment Bank is not a small player but a big player in stock market.

Affin Bank above 2.15 is bullish and below 2.15 is bearish. Key dates to watch are around 27 Feb 2024 and 08 May 2024.

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

RTS momentum indicator

https://www.tradingview.com/chart/FBMKLCI/hmfZZ20p-RTS-linked-stock-indicator/

UEMS above 0.89 is bullish; below 0.89 is bearish. Key dates to watch 30 Jan 2024, 22 Feb 2024 and 01 March 2024. May the full moon of Thaipusam become a doorway to higher possibilities in your life.

https://www.tradingview.com/chart/UEMS/L9yVo3xu-Time-Cycle-Analysis/

The macroeconomic landscape in Sabah is currently characterized by considerable uncertainty. Notably, 70% of the electricity supply in Sabah is generated by Independent Power Producers (IPP) at a cost of 43 sen, while Sabah Electricity Sdn Bhd (SESB) is retailing it at 34 sen. The dependency on the Federal Government to sustain the electricity supply in Sabah, incurring an annual cost of RM800 million, places the region in a precarious energy situation. Unless a viable long-term solution is identified, Sabah faces the prospect of an enduring energy crisis.

Exploring alternatives, aligning with the model adopted by Singapore to procure wholesale power from Sarawak appears to be a pragmatic option for Sabah. This is particularly compelling given the favorable pricing for consumers in Sarawak, ranging from 18 sen to 31 sen. From an investment standpoint in Sabah's energy sector, Ranhill emerges as a prudent choice. With control over 30% of the power market in Sabah, Ranhill is positioned as a reliable player in navigating the challenges and opportunities within the energy landscape.

“SESB should own a minimum 700 megawatt to address base load ensuring stable supply. It should be a gas combined cycle but more ideally coal. The latter idea is opposed by the people.
“Right now reserve margins is less than 12 per cent and we should hit 30 per cent by the end of the year which would more or less mean stability.
“Currently we have interim solutions for the short term like renting generator sets. But Sabah will be the first in Malaysia to have the Battery Energy Storage System (BESS) capable of storing 100 megawatts to be installed at POIC Lahad Datu,” he said.

https://www.dailyexpress.com.my/news/227093/refusal-by-ipps-force-sesb-to-announce-blackouts/

Mathematics serves as the universal language, while charts act as windows to the future. Time Cycle Analysis (TCA) has been meticulously reverse-engineered, drawing upon widely-accepted indicators like the Fibonacci theory. The accuracy rate of TCA is notably high, hovering around 98%. However, even with such precision, the absence of effective risk management can lead to financial depletion over time.

In a mathematical context, achieving a 51% accuracy rate in your trading system already positions you among top hedge fund managers. This is due to the 1% edge, which, when leveraged over 12 trades annually, translates to a commendable 12% return. The significance of adept risk management cannot be overstated, emphasizing that success in trading extends beyond accuracy rates and encompasses strategic risk mitigation.

Sabah Energy Sdn. Bhd. (SESB), is facing its own set of challenges. The state-owned power utility is reportedly incurring a loss of around 10 sen per unit of electricity supplied due to a tariff mismatch. Consumers in Sabah pay 34 sen per unit, while the actual generation cost stands at a staggering 43 sen per unit, as revealed by SESB's chairman. This paints a picture of a technically insolvent company, raising questions about its ability to attract major investors like JP Morgan to invest in Sabah Energy's sector. Math is the language of universe and chart is the window to the future. JSB trading below 0.81 indicates bear is still in driver seat and above 0.81 bull is trying to regain control.

https://www.tradingview.com/chart/JSB/z2gFEQxr-Time-Cycle-Analysis/