Brent crude futures fell 52 cents to settle at $61.56 a barrel after earlier reaching a session high of $63.29 a barrel and a low of $60.80. U.S. West Texas Intermediate (WTI) crude futures fell 36 cents to settle at $52.89 a barrel. The contract traded between $54.44 a barrel and $52.16 a barrel during the session.

NEW YORK: Oil prices dipped on Wednesday ahead of a meeting of the world's biggest exporters, who will discuss cutting output to help shore up prices and curb excess supply.

The Organization of the Petroleum Exporting Countries, Russia and other producers will meet in Vienna this week to discuss a potential cut in production.

A monitoring committee of OPEC and its allies, including Russia, agreed on the need to cut oil output in 2019, two sources familiar with the discussions said, adding that volumes and the baseline for cuts were being debated.

Brent crude futures fell 52 cents to settle at $61.56 a barrel after earlier reaching a session high of $63.29 a barrel and a low of $60.80.

U.S. West Texas Intermediate (WTI) crude futures fell 36 cents to settle at $52.89 a barrel. The contract traded between $54.44 a barrel and $52.16 a barrel during the session.

Russian Energy Minister Alexander Novak told reporters he had a "good" meeting with his Saudi counterpart, Khalid al-Falih, on Wednesday and they planned more talks.

"All of us, including Russia, agreed there is a need for a reduction," Oman's Oil Minister Mohammed bin Hamad Al-Rumhy told reporters after a ministerial committee that groups Saudi Arabia, Russia and several other producers met on Wednesday.

Russia's No. 2 oil producer Lukoil is ready to cut oil production if OPEC and other leading producers agree to do so, though it would be technically difficult in winter, RIA news agency quoted the company's head Vagit Alekperov as saying.

OPEC wants to avert a buildup in global oil inventories like the one that sent prices from late 2014 into a prolonged slump that brought Brent to below $30 a barrel at the start of 2016.

U.S. President Donald Trump pressured OPEC not to reduce output.

"Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices!" Trump wrote on Twitter on Wednesday.

"None of today's comments should have come as a surprise since the key unknown remains the size of any such reduction and how the cuts are distributed," Jim Ritterbusch, president of Ritterbusch and Associates, said in a note.

"The Trump administration appears to be maintaining pressure on the Saudis to limit any production cuts in precluding significant price advances from current levels. And the fact that Russia still appears somewhat non-committal would appear to tilt odds in favor of about a 1.0-1.1 million barrels per day reduction."

Saudi Arabian crude supply in November rose to 11.3 million barrels per day, a source familiar with the matter said.. That marks a rise from October's 10.65 million bpd.

U.S. crude inventories rose by 5.4 million barrels in the week to Nov. 30 to 448 million, data from industry group the American Petroleum Institute showed on Tuesday.

Official U.S. government inventory data is due on Thursday, delayed by one day. A Reuters survey forecast a decline of 900,000 barrels. - Reuters

Next (next) Qs will have one-off costs most likely VSS or MSS for staff. High cost. Extremely bad!

Henry Tan said: “In light of the challenges, we are implementing a strategic review of our business and
organisational structure; including deeper cost rationalisation and workforce optimisation, which will
incur one-off costs in the coming months.

油盟俄羅斯談判現分歧　或展延2個月減產石油
https://www.klsescreener.com/v2/news/view/465738/%E6%B2%B9%E7%9B%9F%E4%BF%84%E7%BE%85%E6%96%AF%E8%AB%87%E5%88%A4%E7%8F%BE%E5%88%86%E6%AD%A7-%E6%88%96%E5%B1%95%E5%BB%B62%E5%80%8B%E6%9C%88%E6%B8%9B%E7%94%A2%E7%9F%B3%E6%B2%B9

My prediction is reversing yours. After Ex-date, the price will go up again and we get a free dividend.

PotentialGhost If I no guess wrong the price will fall after divinded. will until below Tp 2.12.
04/12/2018 21:40

blob:https://www.bloomberg.com/1aef3791-f909-415f-b066-b4b28b7838e0

Saudi Minister Says Premature to Say If OPEC+ to Cut Output
https://www.bloomberg.com/news/articles/2018-12-04/saudi-oil-minister-says-too-early-to-say-if-opec-to-cut-output

新协议细节谈不妥-传俄沙减产仍存分歧
http://www.enanyang.my/news/20181204/%E6%96%B0%E5%8D%8F%E8%AE%AE%E7%BB%86%E8%8A%82%E8%B0%88%E4%B8%8D%E5%A6%A5-%E4%BC%A0%E4%BF%84%E6%B2%99%E5%87%8F%E4%BA%A7%E4%BB%8D%E5%AD%98%E5%88%86%E6%AD%A7/

KUALA LUMPUR: Hibiscus Petroleum Bhd said the oil and gas industry should continue “tightening its belt” like it has done for the past three years, as the market might see another downturn if the oil price drops below US$40 per barrel again.
https://www.nst.com.my/business/2018/12/437130/keep-costs-low-ahead-possible-oil-price-drop-hibiscus-petroleum-warns

No dividend. No meaning in time like this.

Oil price 30+ is waiting. Wait for US to push up more and occupy world market!

Remember oil price dropped from 80-90 +.

Why should OPEC+ Cut Production when U.S. Producers will just produce more?
https://community.oilprice.com/topic/4296-why-should-opec-cut-production-when-us-producers-will-just-produce-more/

Oil Output Cuts May Be Coming But Don’t Bet on It
https://oilprice.com/Energy/Crude-Oil/Oil-Output-Cuts-May-Be-Coming-But-Dont-Bet-on-It.html

3.08 - 0.4 = 2.68 is your entry price. Worth.

Some still wait and see.

https://klse.i3investor.com/blogs/nanyang_stock_expert/184729.jsp

https://www.klsescreener.com/v2/news/view/464272/airasia-named-world-s-leading-lcc-by-world-travel-awards-for-sixth-time

has no difference

Playing with Jaks doesn't make sense especially no dividend to hope for every year.no different. it's value of RM0.005 pr RM1.8

AirAsia is a purely low cost airline. If no money to buy high cost tickets (Cathay Pacific, MAB,..), then of course AAGB is the one could offer the most affordable price for students, businessmen, Rich countries like China travelers etc.. in huge demand. Just like buying items from Padini is just normal lifestyles for most of us as affordable. Don't fool people!

AirAsia Group Bhd (code: 5099) has sustained a rebound since hitting a low of RM2.30 on Oct 29.

The share price gains have retraced about 60% of the losses it experienced following a three-month decline from August to October.

During this retracement, the share price rose above the 50-day simple moving average (SMA) and on Friday, breached the 100-day SMA as well. Buying interest picked up on Friday to a six-month high, suggesting that this rally has legs.

This puts the counter in more bullish territory although the outlook remains weak due to the negative crossings between the SMAs. 



Click on image for larger view

 

The 200-day SMA remains overhead to exert downwards pressure on the share price. At Friday’s intra-day high of RM3.18, it approached the immediate resistance of RM3.21. While this may be the cue for investors to start taking money off the table, there remains enough bullish momentum in the indicators to suggest further advances over the immediate term.

The slow-stochastic momentum index remains at an ascending angle at 52 points.

The 14-day relative strength index is also reaching higher at 63 points with room before it hits overbought conditions.

The daily moving average convergence/divergence line remains afloat of the signal line in positive territory, suggesting that the current share price rally remains intact.

A breach of the immediate resistance of RM3.21 would see the share price target the 200-day SMA at RM3.41. On its approach, a rejection of the SMA hurdle would see the stock capped and entering consolidation mode. A positive crossing of the obstacle would be a very bullish development for the counter as it climbs towards July high of RM3.62.

But over the immediate term, profit-taking by investors would see the share price subside to the supporting level of RM2.92 with further support resting at RM2.83, which meets the 50-day SMA. A negative crossing of these supports would be a bearish development for the stock, suggesting a potential retreat to the RM2.57 mark.

The comments above do not represent a recommendation to buy or sell.  

 

 

https://www.thestar.com.my/business/business-news/2018/12/01/eye-on-stock-airasia-group/

KUALA LUMPUR (Nov 30): Hong Leong Bank Bhd (HLBB) targets at least 300,000 customers to apply for its credit card in partnership with AirAsia Group Bhd within five years.

HLBB Group managing director and chief executive officer Domenic Fuda said the bank is confident the AirAsia Hong Leong Bank Credit Card would be the ultimate travel card in Malaysia as it hits two of the most relevant Malaysian consumer behaviours in terms of travel, namely frequency and cost consciousness.

"The card will reward customers with tangible value with each usage, enabling them to enjoy more exciting and memorable travel experiences as each spend will automatically earn points for their free flights seamlessly," he told reporters after the credit card launching ceremony here today.

Meanwhile, AirAsia group chief executive officer Tan Sri Tony Fernandes said the credit card was part of the airline’s regional introduction for travellers that enabled cardholders to easily get free flights and more, with every ringgit spent automatically earning them bonus BIG Points.

"Cardholders will enjoy incredible welcome-to-card as well as quarterly bonuses of up to 25,000 BIG Points, for cardholders who actively use the credit card in pursuit of redeeming flights.

"They can also accumulate BIG Points faster with a combination of low spend yet high earn rate – six BIG Points for every RM1 spent on AirAsia flights and one BIG Point for every RM2 international spend," he said.

Fernandes said credit cardholders would also enjoy exclusive airline privileges, among others, free introductory inflight WiFi plan, priority check-in and boarding.

"The credit card not only allow our BIG Members to earn BIG Points faster and elevate their travel experiences, they also make the points more accessible, a key step in making BIG Points a widely used and valuable digital currency, not just for flight but for every use," he added.

To date, AirAsia has more than 20 million BIG Loyalty Members. -- Bernama

https://www.theedgemarkets.com/article/hong-leong-bank-eyes-300000-customers-new-cobranded-credit-card-5-years

EPF is a trader. It doesn't make money when long hold or , it makes more money when trading.

The Group reported a profit before Tax of RM3.43 million in Q4 FY2018 as compared to a Profit before Tax of RM1.33
million in Q1 FY 2019 mainly due to decrease in sales from House Brand segment and the one-off charge of the listing
expenses amounting to approximately RM0.80 million during the current financial quarter.

https://www.klsescreener.com/v2/news/view/463308

I attended too. Very expensive door gifts cost around RM500 per shareholder. All Nova products including new products of vege oils. MD is very friendly.

https://www.klsescreener.com/v2/news/view/462120/%E6%B2%B9%E4%BB%B7%E5%A4%A7%E8%B7%8C-%E4%BA%9A%E6%B4%B2%E8%B5%84%E4%BA%A7%E5%9B%9E%E8%90%BD%E4%B8%80%E7%8E%AF

If so, let's enjoy the profit together.

Ada dividen bagi?

Impairment is not done according to the accounting requirements by Bursa for past due items. The MD is very stubborn.

Con counter.

Past due but not impaired: (in '000)
Less than 30 days 1,700
31 to 60 days 4,324
61 to 90 days 926
More than 90 days 9,517
Total RM16,467
RM16 millon is not impaired but past due.

Already have new projects, then KAB hired new staff lah! Its business is growing. MD told at the AGM/EGM recently, KAB will do well even in the recession time.

Agree. That's why most retailers lose money in the market!

Sell first. Accepting fake new is dangerous.

True color of a dictator.

As at 30 September 2018, the Group’s order book, contracts secured and tenders are as
follows:-
(i) order book balance is approximately RM262 million;
(ii) total value of contracts secured is approximately RM49 million; and
(iii) approximately RM214 million worth of tenders still pending.
The Board of Directors is of the opinion that the Group’s financial performance for the current
year to be satisfactory.

Review of Group Performance
For the current financial quarter under review, the Group posted revenues of RM32.89 million
as compared to its preceding year’s corresponding quarter ended 30 September 2017 of
RM30.18 million. Despite the increase in revenues, profit before tax (“PBT”) during the current
quarter dropped to RM2.43 million, representing a decrease of RM0.4 million from its preceding
year’s corresponding quarter ended 30 September 2017 of RM2.83 million.

Overall the decrease in the PBT despite an increase in revenue, were mainly attributed to the
increase in staff costs following the hire of additional staff and increase in finance costs.

Not sure if you are an animal or human.

Surely QR is good coming.

No confidence just sell and disappear from this forum. Got faith just stay here and talk.

Sure? Very huge volume today. Wanted to donate connission to Bursa?

Fake new lah, speakup! How come you don't know. This is second time it rised up.

All business usually take time to grow.

Good.

Calvin is a good Christian. Jamali jangan fitnah dia. Pergilah jumpa Yesus dalam mimpi kau.

Exactly. BTW, compensation of billion ringgit from Selangor Gov to BJLand will come sooner or later. That adds more value.

http://www.klsescreener.com/v2/news/view/455910

Good.