Fgv should convert some of their land into dairy farm. Much better demand.

P.oil price still weak n in downtrend.

Did AA report Q1 loss?

https://www.thestar.com.my/news/nation/2018/06/11/government-set-to-shake-up-top-police-ranks-igp-first-to-go/#GiuGi4DQDziCtbHo.41

Palm oil may fall to RM2,364, as it has broken a support at RM2,408 per tonne.
http://www.klsescreener.com/v2/news/view/388681

Msia's forex reserves at only 85% of short-term debt.

The US has decided to impose tariffs on steel and aluminum on the EU, Canada and Mexico, thus ending the temporary exemptions.

A 25% tariff on steel imports and a 10% tariff on aluminium imports would be effective June 1.

SAPNRG AGM on 18/7 at KLCC.

FYI, Italy’s current debt burden is 130 percent of gross domestic product. Ours is about 80%. Both are high.

All markets down. Han Seng down 460, Nikkei down 330, ....

@gayinvestor True the damage is already done. Things may get worse before they get better. But the country will eventually recover. We recovered from Bank Bumi-Carrian affair in the 1980s and the Asian financial crises. Even the developed world has had crises such as US subprime, collapse of Barings, Greece, Italy, Spain,etc.

@ProRoy This country's woes are BN's doing. We need to give PH some time to resolve the many issues plaguing the country.

World stock markets hit by Italian political stalemate.

Before GE CI stocks r normally pushed up. After GE they r sold off. Normal in this country under BN.

Ff exiting and entering markets is a normal thing. They remember the capital controls of 1998 put in place by Dr M n Daim during the Asian financial crisis.

Palm oil at 2455.

74.55 now

Oil falls further to 75

Oil falls below 76

Trump has withdrawn from talks with N.Korea scheduled for next month. Looks like back to war possibility...

Msia probably headed for recession down the line.

Drb up 30 sen already

Imho, should fall to below rm4.

Foreign funds are selling off. They prefer to wait for the dust to settle.

Foreign funds are selling off. They prefer to wait for the dust to settle. They are also afraid of Dr M.

I believe EPF is still disposing.

EPF has 312mil shares still. To sell?

Big boys have exited. Time to run election campaign. Thank you for your campaign donations.

A lot of investors were trapped in 1.80-2.05 range in Feb. Palm oil prices are down. EU, India and China have reduced purchases. So know what you are getting into before it's too late.

BN's FGV got whipped by PH's SAPNRG. It appears that both used high frequency program trading.

https://www.thestar.com.my/business/business-news/2018/04/09/cimb-research-sees-40pct-utilisation-rate-for-sapura-energy-tender-rigs/

For the broader market, I'd say time to be out. A lot of bad news for global economy. Here in Malaysia, election rallies could turn nasty after Parti Pribumi(Dr M's party) suspended by ROS yesterday. Could be bad for KLSE.

Hang Seng down 500+

In a possible global market crash, step out of the way.

The idiom "throwing good money after bad" refers to spending more money on something problematic that one has already spent money on, in the (presumably futile) hopes of fixing it or recouping one's original investment.

Just to put things in perspective, crude oil was trading in the $25-35 range before it went ballistic with ALL other commodities. Oil hit a record highs of over $100 (well above normal) before CRASHING with ALL other commodities. With global growth slowing, demand for oil is likely to drop, IMHO. (I may be wrong.) Oil has dropped from $70 high last week to $67+.

Overbought.

Everyone's entitled to their own opinions. I could also say, "Don't count your chickens before they are hatched". A lot of things can change. When oil was 100+, people were talking of 140. We know what happened. Same goes for gold, palm oil, bitcoin, etc,etc. Oil traders keep track of no.of rigs producing, no. of barrels, demand, inventories, etc. Law of Supply and Demand. Your money, your call..

A brief rally to sell n cut losses?

0.005 sen counter? Oh, oil back below RM70.

As JJChan above pointed out, beware TPs by Investment Houses/Banks. I believe these are often purposely set much higher for major players to sell. They need a large volume of buyers i.e.you and me.

Below yesterday's close already.

Volume is dwindling....

Nikkei closed down 974 (4.5%).

QR expected to be weak.

EPF has been buying this week. Some change in fundamentals.

Hang Seng down 900+, Nikkei down 700+

Careful. Dow down 724 points yesterday.

Correct me if I'm wrong but Sapura is NOT an oil major. Petronas is.

Oil surging is a double-edged sword. It also means higher petrol prices and slower economic growth/recession.