#Flash* Sime Darby sees 4%-5% EPS accretion from New Britain Palm Oil buy in 2 years
Thursday, 09 October 2014 11:35
Flash: Sime Darby sees 4%-5% EPS accretion from New Britain Palm Oil buy in 2 years.........@Ring with high mkt capitalisation a good catalyst for Klci

"Energy prices should experience some upward push with a weakening dollar as it should be relatively cheaper to purchase energy products," Singapore's Phillip Futures said in a report on Thursday.

Top diplomats from Iran, the European Union and the United States, including U.S. Secretary of State John Kerry, will meet in Vienna next week, to try to make progress towards a long-elusive deal to end a dispute over Tehran's nuclear programme by a Nov. 24 deadline.

Increased winter demand for oil should be seen towards the end of this month, he said.

SINGAPORE (Oct 9): Brent crude futures held steady above $91 a barrel on Thursday, after rebounding from a 27-month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates.

KUALA LUMPUR: Continued buying of select heavyweights helped buoy the FBM KLCI at midday as investors' confidence recovered, after the Federal Reserve reassured that it will not hike up its first interest ra

KUALA LUMPUR (Oct 9): The recent selldown in the Malaysian stock market by foreign investors is deemed a "normal market cycle", according to Lee Kok Khee, Kenanga Investment Bank Bhd executive director and equity broking head.

SINGAPORE (Oct 9): Brent crude futures held steady above $91 a barrel on Thursday, after rebounding from a 27-month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates.

Expectations that oil demand could increase towards the end of this month - even though U.S. crude stocks increased more than expected last week - also helped to support prices.

KUALA LUMPUR (Oct 9): The FBM KLCI rose 0.3%, tracking Asian market gains on expectation that the US Federal Reserve will keep interest rates low amid weaker world economic prospects. Still-low US rates will essentially prompt capital flows into emerging Asian market assets for better returns.

Malaysia's KLCI rose 5.57 points to settle at 1,829.89 at 12.30pm on gains in stocks like Sime Darby Bhd and Astro Malaysia Holdings Bhd.

KUALA LUMPUR (Oct 9): Palm oil prices are expected to average 2,300-2,400 ringgit per tonne in the fourth quarter this year, according to the managing director of Malaysia's Sime Darby Bhd, the world's top oil palm planter by land size.

Very expensive to extract crude oil so it cannot go cheap but price being regulated by Opec so d talk of cheap or expensive oil does not arise. Crude oil price goes up if USD is high.

US Markets Jump, US$ Falls On Fed Minutes

NEW YORK (Oct 8): U.S. stocks soared on Wednesday, with major indexes posting their biggest one-day jumps of 2014 after the Federal Reserve reassured investors that its first interest rate hike would not come until it deemed the economy could withstand it.

Australia’s S&P/ASX 200 Index rose 1.2 percent. Employers probably added 15,500 workers in September, after an increase of 32,100 in August, according to economists surveyed by Bloomberg before jobs data due today. The August employment report was revised yesterday, with the government statistician dropping the seasonally adjusted figure -- which showed a record gain in the month -- in favor of the raw data.

Asian stocks rise after Fed minutes spur interest-rate optimism
Thursday, 09 October 2014 08:22
SYDNEY (Oct 9): Asian stocks rose for a third day this week as Federal Reserve concerns over a global economic slowdown spurred bets that U.S. interest rates will remain low.

Suddenly USD falls n crude oil gains n no hike in interest rate, next Saudi may reduce production...don't u think is d Economy game of US.(Palm oil also recovering may act as catalyst for Klci to up?)....,the way i think...not fiction lah...lets see what happens to tomorrow's budget rally.Also for yr info winter coming n usually they use more oil during this period.

Malaysian palm oil up for third day, crude oil fall caps gains

www.thestar.com.my/Business/Business-News/2014/10/09/US-markets-jump-dollar-falls-on-Fed-minutes/

NEW YORK U.S. stocks soared and the dollar fell on Wednesday on a wave of investor relief after the Federal Reserve said it does not plan to hike interest rates before the economy can support an increase.

http://www.thestar.com.my/Business/Business-News/2014/10/08/OG-stocks-weigh-on-Bursa-Exploration-and-production-activities-seen-slowing-down/

Dow Jones 16,994.22 +274.83 1.64%
Nasdaq 4,468.59 +83.39 1.90%

CLIQ Energy Bhd yesterday clarified that the company is in negotiations with various parties in relation to the potential qualifying acquisition (QA) asset.

http://www.nst.com.my/node/40938

http://www.nst.com.my/node/40945

Good morning...looks like suddenly crude oil recovering..!

http://www.nst.com.my/node/40945

Brent fell to a low of US$99.36 a barrel, down US$1.46 and its lowest since May 1 2013, before recovering slightly to around US$95.50 by 1335GMT.

If Saudi dumping excessive oil into d market to crash prices possible US dirty game, i don't trust US or it has to be like this to reduce over heating.For stocks to up their EPS must be good n shd be paying dividend but our Klci being turned into Casino n ppl playing heavily on penny so US is d big brother trying to put d house in order...u agree with me?

Friday stock may spike if corporate tax reduced so there may be a budget rally n may be can sell.

Also remember u must hv read in d media penny stocks hv been over heating.Foreigners hv taken their money hoping stocks will fall n consolidate then they may come back so all this part of d share market game.

In d present scenario over supply of crude n culprit is Saudi Arabia purposely oversupplying so next month opec meeting to reduce production but on d whole too many players in this business. Nevertheless demand for oil will always be there. Winter coming next month n demand arises n war u need oil n so on. I personally feel lucky this happened b4 d RI for d purchase of BE may be dropped which is my personal opinion.the story of rm10 for long term u can forget but with d present assets once crude oil price stabilises so price may stabilise 80-1.20 like other related stocks.

http://www.theedgemalaysia.com/business-news/310823-oil-hits-new-low-below-91-on-weak-demand-forecasts.html

O&G stocks r verge of collapse!

I shd have said "shall be cancelled n not "will be cancelled..sorry for d confusion.

Some dont know what is BE=Borneo Energy.

Gentlemen please don't get me wrong, please read "the edge" in d google n a very bad picture painted on O&G sector n 2day starbiz O&G diggers r slowing down so i feel BE may be dropped.During winter more energy is needed n for war also need a lot of oil..anyway u read d edge so that we will be of d same "wave length"...i am waiting for u.

Of course positive news for share holders if BE is cancelled n u can stop saying "tunggu" for Rm10 maybe settle for 80-1.50...

OPEC also may prevent further declines because members need high prices to support social spending. Saudi Arabia needs $87.63 a barrel to balance its budget, compared with $66.50 for the United Arab Emirates and $92.96 for Iraq, the International Monetary Fund estimates.

Now u can forget about d so called RI.

With d present situation for sure purchase of BE will be cancelled, 2day Star Biz crude oil producers r slowing down.

Shale oil is expensive to extract by historical standards and only viable at high-enough prices, Ed Morse, Citigroup Inc.’s head of global commodities research in New York, said by phone Sept. 23. Oil from shale formations costs $50 to $100 a barrel to produce, compared with $10 to $25 a barrel for conventional supplies from the Middle East and North Africa, the Paris-based International Energy Agency estimates.

So! Left with only if at all there is...Budget rally on Friday..sell n run.

IMF: Malaysia’s growth to remain strong

By RUPA DAMODARAN - Wednesday, October 8, 2014 - 00:20
KUALA LUMPUR: The International Monetary Fund is upbeat about Malaysia’s growth outlook, projecting a robust 5.9 and 5.2 per cent growth for 2014 and next year, respectively.

#Stocks To Watch* Borneo Oil, Tambun Indah, Censof, Axis-REIT, O&G-related counters
Tuesday, 07 October 2014 21:50
KUALA LUMPUR (Oct 7): Based on news flow and corporate announcements today, stocks that may be in focus tomorrow (Wednesday, Oct 8) could include the following: Borneo Oil, Tambun Indah, Censof, Axis-REIT, as well as major oil and gas related counters.

HIBISCUS PETROLEUM BHD
Last Price Today's Change Day's Range Trading Volume
1.49 +0.01 (0.68%) 1.48 - 1.50 713,700
.......No oil yet still can go up?

KUALA LUMPUR (Oct 7): Hibiscus Petroleum Bhd’s jointly-controlled entity, Lime Petroleum Norway AS, has completed the acquisition of a 5% stake each in the PL591 and PL591B oil concessions which are located in the Norwegian Sea, bringing its total portfolio of licenses in Norway to 13.

I don't think so, our Budget already welcomed by Moody, reason GST, removal of subsidy, reduction in corporate tax, stimulating ETP, RAPID project etc n our country so far is free from natural calamities n foreigners r interested in our liquidity.It has been more then a month now IBFM were not able to get money from shares now they make ppl to "panic sell" hoping to make some quick money in d coming Pre Budget Rally...my2c opionion.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1758469

Price lowered getting ready for pre budget rally...

Change in Boardroom

ETI TECH CORPORATION BERHAD

Date of change 07/10/2014
Name Dato' Hj. Mohamad Amin Bin Mohamad Salleh
Age 54
Nationality Malaysian
Type of change Redesignation
Previous Position Non-Executive Director
New Position Chairman
Directorate Independent & Non Executive
Qualifications 1) Diploma in Business Studies, MARA Institute of Technology, Shah Alam
2) Bachelor of Science (Finance), California State University Fresno, USA
3) Master in Business Administration (Finance), US International University San Diego, USA