DRP shares will be in CDS account after market close today and will appear by tomorrow morning.

After GE if got stable govt probably can

@choysun....1600 can ah?
Good loh if can :p

Rotational has started......2 days ago was gloves.....yesterday was telecommunication n plantation, today almost all sector up :)

Cheers.....huat ah.........

Wow...have just turned on my computer....my screen all green green....sui sui :p

No la.....investors who buy Genting and those who buy bank esp MBB are different type

....Genting is higher beta, more for capital gain.....while bank are lower beta and more for dividend...uncle n aunty stock :p

Q3 for most banks will be very good.....Final dividend should be good :)

Haha....special dividend for Affin only :)

Financial lead gain in US tonight :p

@choysun Dow future up 500 :p

Tonight Dow close up 800+ :p

I always hope that ppl make money....unlike one non investor who use to troll Maybank forum ....daily praying that the rich don't get richer.....he gets VERY EXCITED each time global market drop.....haha.....

Actually.....gloves start to rally ....is good for the overall market sentiment.....even though i don't have, i am still happy that they rebound...it's a good thing.

Carepls up 30%......waloa eh.......tomorrow must sailang gloves :)

HLT up 29% :p

Wow....Supermax up 10%....TG up 7%
choysun cipai tu horseh liao :)

KUALA LUMPUR: Higher interest rates and a firm economic recovery are likely to enhance Malaysian banks' revenue and profitability prospects, according to Fitch Ratings.

Credit impairments, however, were likely to rise but remain manageable, the firm added.

"These factors drove our recent revision of the operating environment score for the Malaysian banking sector to its pre-pandemic level of 'bbb+', from 'bbb', with a stable outlook," Fitch said in a report today.

https://www.nst.com.my/business/2022/10/841308/more-gains-malaysian-banks-higher-interest-rates-economic-recovery-fitch

https://www.nst.com.my/business/2022/10/841308/more-gains-malaysian-banks-higher-interest-rates-economic-recovery-fitch

KUALA LUMPUR: Higher interest rates and a firm economic recovery are likely to enhance Malaysian banks' revenue and profitability prospects, according to Fitch Ratings.

Credit impairments, however, were likely to rise but remain manageable, the firm added.

"These factors drove our recent revision of the operating environment score for the Malaysian banking sector to its pre-pandemic level of 'bbb+', from 'bbb', with a stable outlook," Fitch said in a report today.

Buying gloves is like playing Big Small in Genting casino ....haha

NEW YORK (Oct 14): It’s hard to be sympathetic when bank bosses effectively complain that their businesses are too safe and sound, and that customers are too conservative. Yet for the big US lenders who reported third-quarter earnings on Friday, that’s the reality. JPMorgan, Wells Fargo and Citigroup have what might be thought of as first-world problems.

Banks, then, are not the likely source of the next financial crisis. But that just means the real systemic threats lurk out of sight. Britain’s recent pension-fund margin call mini-crisis read more was an example of risk that financial regulators didn’t see coming, because they weren’t looking in the right place. The quest for sturdy and thoroughly scrutinized banks has pushed hazardous behaviour into the shadows. That makes the lenders’ solid balance sheets feel like less of a victory.

https://www.theedgemarkets.com/article/breakingviews-big-us-banks-shoulder-firstworld-problems

https://www.theedgemarkets.com/article/breakingviews-big-us-banks-shoulder-firstworld-problems

NEW YORK (Oct 14): It’s hard to be sympathetic when bank bosses effectively complain that their businesses are too safe and sound, and that customers are too conservative. Yet for the big US lenders who reported third-quarter earnings on Friday, that’s the reality. JPMorgan, Wells Fargo and Citigroup have what might be thought of as first-world problems.

Banks, then, are not the likely source of the next financial crisis. But that just means the real systemic threats lurk out of sight. Britain’s recent pension-fund margin call mini-crisis read more was an example of risk that financial regulators didn’t see coming, because they weren’t looking in the right place. The quest for sturdy and thoroughly scrutinized banks has pushed hazardous behaviour into the shadows. That makes the lenders’ solid balance sheets feel like less of a victory.

Some index linked started to slowly move liao....may be will be pushed higher nearer to polling day for some feel good...

....retail investor will probably monitor how the crowd turn out at ceramah .....yesterday there was one..where 200 chairs were occupied by 50 ppl :p

Haha.... :p

Copied and paste from Contract Statement.

Securities NameGENTING
Securities Code No3182
Quantity60,000
Price Per Unit4.911700
Gross Amount294,702.00
Brokerage Rate (%)Min
Brokerage Amount103.15
Contract Stamp200.00
Clearing Fee88.42
Buying-in/Foreign Charges0.00
Amount (Excl. ST)294,310.43

Contract Date 19/07/2021
Buy / Sell Sell

Ask any successful individual, they would attribute some level of their success to being at the right place at the right time and meeting the right people.

No doubt, all things in life requires a fair bit of luck. It is that bit of luck that separates the extraordinary from the ordinary.

https://www.thestar.com.my/business/business-news/2022/10/15/bottom-fishing-luck-or-guts

@sifuATK.....no la, just plain luck only....haha :p

Investing is to make money and not to syiok sendiri by just cheering the stock...
...sharing certain stocks which one thinks has potential is nothing wrong....as long as one is not spreading fake news trying to "talk down" certain stock.

I sold some of this at 4.91 on 19-7-21 and switched to Maybank at 8.02.

Now, Maybank (plus 3 dividends since then 28+30+28) is 9.31
This one plus dividend 18 is 4.50...

Which is more profitable?
Boring?
Haha.......

Wow...so naive this one woman man who knows only one stock.

During pandemic in 2020, when this stock was trading at about 3, so was CIMB.....now, CIMB is firmly above 5...at 5.30.....this one still struggling below 4.50....which is more boring?
....and dividend is also higher....haha.....go do some homework before commenting.

UOB Kay Hian says GE15 could present trading opportunities and thus advocates focusing on liquid and fundamentally sound companies with reasonably cheap valuations.

These include GLIC banks like RHB Bank Bhd, CIMB Group Holdings Bhd and Malayan Banking Bhd (Maybank).

@choysun....blue chips that are trading at low PE, low PB, high dividend yield and profit is anticipate to benefit from current rising interest rate :)

Kenanga Research notes if the election process results in a majority government (with more than 50% of seats in Parliament), the market could rally but if the polling outcome results in a minority government, it would significantly hit market sentiment.

Not surprising, the advice to investors is to stick to the defensive or value stocks that look set to gain from the expansion of the economy.

UOB Kay Hian says GE15 could present trading opportunities and thus advocates focusing on liquid and fundamentally sound companies with reasonably cheap valuations.

https://www.thestar.com.my/business/business-news/2022/10/15/election-play-in-the-market

Kenanga Research notes if the election process results in a majority government (with more than 50% of seats in Parliament), the market could rally but if the polling outcome results in a minority government, it would significantly hit market sentiment.

Not surprising, the advice to investors is to stick to the defensive or value stocks that look set to gain from the expansion of the economy.

UOB Kay Hian says GE15 could present trading opportunities and thus advocates focusing on liquid and fundamentally sound companies with reasonably cheap valuations.

https://www.thestar.com.my/business/business-news/2022/10/15/election-play-in-the-market

https://www.thestar.com.my/business/business-news/2022/10/15/election-play-in-the-market

Fund managing firm Tradeview Capital Sdn Bhd and Phillip Research Sdn Bhd both hold the view that should a majority government be formed by the winning coalition in GE15, investors could see a rally on the FBM KLCI.

“Whether a minority or majority government is formed, we could see market recovery as some form of stability in the political landscape would be achieved.

“That being said, if a minority government is formed, despite the likely market recovery, some policy implementation risks would still remain that may deter the return of foreign investors, capping market upside,” Wong says.

On the other hand, he adds, if GE15 is able to restore political stability, the market would likely see solid recovery, with inflows of foreign interest, given the attractive market valuation and relatively healthy economic growth.

https://www.thestar.com.my/business/business-news/2022/10/15/how-will-ge15-affect-the-economy

https://www.thestar.com.my/business/business-news/2022/10/15/how-will-ge15-affect-the-economy

Fund managing firm Tradeview Capital Sdn Bhd and Phillip Research Sdn Bhd both hold the view that should a majority government be formed by the winning coalition in GE15, investors could see a rally on the FBM KLCI.

“Whether a minority or majority government is formed, we could see market recovery as some form of stability in the political landscape would be achieved.

“That being said, if a minority government is formed, despite the likely market recovery, some policy implementation risks would still remain that may deter the return of foreign investors, capping market upside,” Wong says.

On the other hand, he adds, if GE15 is able to restore political stability, the market would likely see solid recovery, with inflows of foreign interest, given the attractive market valuation and relatively healthy economic growth.

Fund managing firm Tradeview Capital Sdn Bhd and Phillip Research Sdn Bhd both hold the view that should a majority government be formed by the winning coalition in GE15, investors could see a rally on the FBM KLCI.

“Whether a minority or majority government is formed, we could see market recovery as some form of stability in the political landscape would be achieved.

“That being said, if a minority government is formed, despite the likely market recovery, some policy implementation risks would still remain that may deter the return of foreign investors, capping market upside,” Wong says.

On the other hand, he adds, if GE15 is able to restore political stability, the market would likely see solid recovery, with inflows of foreign interest, given the attractive market valuation and relatively healthy economic growth.

https://www.thestar.com.my/business/business-news/2022/10/15/how-will-ge15-affect-the-economy

https://www.theedgemarkets.com/article/uks-truss-fires-finance-minister-kwarteng

Given the looming global downturn and political uncertainty on the local front, economists believe the stability of a new administration will augur well for the stock market.

Minority Shareholder Watch Group (MSWG) chief executive officer Devanesan Evanson said the stock markets prefer certainty and predictability.

Devanesan said this is because the markets tend to discount this uncertainty through stock prices.

https://www.nst.com.my/business/2022/10/840417/investors-likely-wait-and-see

https://www.nst.com.my/business/2022/10/840417/investors-likely-wait-and-see

Given the looming global downturn and political uncertainty on the local front, economists believe the stability of a new administration will augur well for the stock market.

Minority Shareholder Watch Group (MSWG) chief executive officer Devanesan Evanson said the stock markets prefer certainty and predictability.

Devanesan said this is because the markets tend to discount this uncertainty through stock prices.

https://www.nst.com.my/business/2022/10/840417/investors-likely-wait-and-see

https://www.nst.com.my/business/2022/10/840417/investors-likely-wait-and-see

Financial is sharply higher.....Bank of America up 4%.....Citi up 5% :)

Very interesting trading at US tonight

https://www.thestar.com.my/news/nation/2022/10/09/pm-has-audience-with-king-talk-of-parliament-dissolution-heats-up

The one woman man :p

We reckon it is an opportunity to buy undervalued stocks in cyclical sectors like banks, construction, oil and gas, plantations, property and transportation, and defensive plays in consumer, media, telco and utilities. Blue chips, especially, are mostly cheap despite their solid fundamentals and should bounce back strongly once the political uncertainties disappear.

Trading at a consensus calendar year 2023 (CY23) price-to-earnings ratio (PER) multiple of 12.3 times, the FBMKLCI is attractive versus comparable peers at 14 times. A possible rerating post 15th general election (GE15) should bring it closer to our year-end target of 1,590 based on CY23 PER of 14.4 times.

https://www.theedgemarkets.com/article/budget-2023-review-comprehensive-budget-resilient-future