https://www.cnbc.com/2018/03/23/heres-what-warren-buffett-says-to-do-when-the-market-tanks.html

The impact of Trump tariffs on steel is much smaller than we thought before. EU members states, Argentina, Australia, Brazil, Canada, Mexico and South Korea will be excluded. US steel manufacturers will not increase steel production much.

The impact of Trump tariffs on steel is much smaller than we thought before. EU members states, Argentina, Australia, Brazil, Canada, Mexico and South Korea will be excluded. US steel manufacturers will not increase steel production much.

1,974K>(up)2,143K>(down)1,122K>(up)1,745K>(down)1,338K>(up)2,431K>(down)419K

The company's net profit was up and down alternatively. It is like to be up in the next quarter announcement.

A bad QR has been already priced in. That's why the stock price continued plunging.

unisem's revenue decreased from 362,132K to 357,413K YoY.

Unisem’s net profit decreased 37.62%.

http://www.bbc.com/news/business-43517995

On Friday

Indonesia JSX index was down 0.69%.
Thailand SET index was down 0.24%.
Malaysian KLCI index was down 0.62%.

ASEAN stocks in emerging countries did not get affected by global sell-off greatly.

The impact of Trump tariffs has diminished compared to before as Trump suspended metal tariffs for key US trade partners.

I think a similar thing will happen to a trade war. The impact of a trade war is likely to diminish. That's how Trump does business.

I am of opinion that the recent sell-off of stocks in the US was due to the fact that many events impacting the stock market happened in March at once.
They include sell-off of Facebook shares, Trump steel tariffs, a trade war between China and the US and a rate hike in the US.

I don't think t more events impacting the stock market negatively will happen near future. The stock market's environment is likely to improve gradually.

US sanctions plan on China has minimal impact on Malaysia http://www.klsescreener.com/v2/news/view/357229

Trump suspends metal tariffs for key US trade partners | http://www.klsescreener.com/v2/news/view/357737

Trump suspends metal tariffs for key US trade partners | http://www.klsescreener.com/v2/news/view/357737

Through negotiation between China and the US the impact of the trade war may diminish.

THE tariffs imposed by the United States and China on goods being traded between both countries is something most people have been expecting but dreading.

The US decided to impose tariff duties on US$60bil worth of imports from China and China retaliated by slapping extra tariffs on US$3bil worth of goods brought into the country.

The action by both countries slammed stock markets yesterday. History has shown that a trade war is a lose-lose situation for countries engaged in such destructive activities and by estimates, it will shave global growth into the foreseeable future.

That amount is, however, small. Just a minuscule percentage will be lost by both the US and China but the worry is reciprocative action that follows. Should the US and China deepen the tariff and duties impose on goods shipped between both countries, then that will have a lingering and possibly longer-lasting impact on global trade.

Trump suspends metal tariffs for key US trade partners | http://www.klsescreener.com/v2/news/view/357737

BREAKING: US crude closes 2.5% higher, buoyed by Saudi talk of extending output cuts into 2019

On Friday

Indonesia JSX index was down 0.69%.
Thailand SET index was down 0.24%.
Malaysian KLCI was down 0.62%.

ASEAN stocks in emerging countries did not get affected by global sell-off greatly.

iTS REVENUE INCREASED FROM 6,048K to 7,128K YoY.

Due to the cyclic nature of the stock movement, you can expect a much higher price in the future.

As it plunged from 0.93 to 0.435, the stock price is likely to be flat on Monday.

15. Commentary on the Prospects
Financial year 2017 was a record year for VisDynamics, the highest revenue and
net profit recorded since its inception. Stepping into financial year 2018, based on
positive market sentiments and coupled with the anticipation of new product
launches, VisDynamics believes it can achieve another good financial performance
in this financial year.
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1044308

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 165,800 shares on 22-Mar-2018.

US sanctions plan on China has minimal impact on Malaysia http://www.klsescreener.com/v2/news/view/357229

US’ sanctions plan on China has minimal impact on Malaysia http://www.klsescreener.com/v2/news/view/357229

Steel stocks poised for re-rating | http://www.klsescreener.com/v2/news/view/356133

Follow the trend of other Malaysian steel stocks, not people here.

https://www.thestar.com.my/business/business-news/2018/03/22/maybank-research-starts-coverage-of-mms-ventures-with-buy-call/

Buy the stock before the next QR announcement.

Lsteel +2,30%
Annjoo +0.30%
Ssteel -0.52%
Masteel -1.82%

You guys trade the stock like Bitcoin! Funny

PHLX Semiconductor Sector was up 0.18% yesterday.

钢铁关税拖低股价　建材股借业绩翻身
http://www.orientaldaily.com.my/s/235975

钢铁关税拖低股价　建材股借业绩翻身
http://www.orientaldaily.com.my/s/235975

profit taking before the FOMC meeting

钢铁关税拖低股价　建材股借业绩翻身
http://www.orientaldaily.com.my/s/235975

钢铁关税拖低股价　建材股借业绩翻身
http://www.orientaldaily.com.my/s/235975

Market to likely turn bullish after correction | http://www.klsescreener.com/v2/news/view/356291

PHLX Semiconductor Sector was up 0.77% yesterday.

Due to the stability of the stock Kesm is more attractive amid trumoil than it used to be. It will attract more investors

Looks like 20.00 is a support line. KESM is more stable than any other Malaysian semiconductor stocks, so just hold the stock.

Goldman Says World’s Best Bet Right Now Is Emerging Market Stocks
https://www.bloomberg.com/news/articles/2018-03-15/goldman-s-patel-says-emerging-market-stocks-are-world-s-best-bet

Leader Steel expects higher demand for its products https://www.thestar.com.my/business/business-news/2018/03/19/leader-steel-expects-higher-demand-for-its-products/

Leader Steel expects higher demand for its products https://www.thestar.com.my/business/business-news/2018/03/19/leader-steel-expects-higher-demand-for-its-products/

YOU CAN BUY NIKE BEFORE THE NEXT QR ANNOUNCEMENT.

EVIDENCE OF OVERREACTION

MALAYSIAN STEEL MAKERS OVERREACTED MUCH MORE THAN KOREANSTEEL MAKERS DID.


KOREA STEEL SHAPES (Korean steel stocks)
https://www.reuters.com/finance/stocks/overview/007280.KS

Hi Steel (Korean steel stocks)
https://www.reuters.com/finance/stocks/chart/071090.KS

Posco (Korean steel stocks)
https://www.reuters.com/finance/stocks/chart/005490.KS

South Korea's steel export to the US --- 12%
https://www.trade.gov/steel/countries/pdfs/2017/q2/exports-korea.pdf

Steel | 2016-2018 | Data | Chart | Calendar ... - Trading Economics
https://tradingeconomics.com/commodity/steel

EVIDENCE OF OVERREACTION

MASTEEL OVERREACTED MUCH MORE THAN KOREANSTEEL MAKERS DID.


KOREA STEEL SHAPES (Korean steel stocks)
https://www.reuters.com/finance/stocks/overview/007280.KS

Hi Steel (Korean steel stocks)
https://www.reuters.com/finance/stocks/chart/071090.KS

Posco (Korean steel stocks)
https://www.reuters.com/finance/stocks/chart/005490.KS

South Korea's steel export to the US --- 12%
https://www.trade.gov/steel/countries/pdfs/2017/q2/exports-korea.pdf

Steel | 2016-2018 | Data | Chart | Calendar ... - Trading Economics
https://tradingeconomics.com/commodity/steel

SUMMARY
This study find that Malaysian stock market has significantly overreacts to
economic events. Findings of the study have documented significant evidence
of stock overreaction where loser has significantly outperformed winner in both
periods. These results suggest that investors overreact to abnormal economic
activity. During this period of time, a series of positive news about a stock might
have boosted investors’ confidence and thus causing them to highly overvalue the
securities. Once they realized of the overvaluation, and take corrective action,
stock prices reverse in the subsequent period. The opposite is true for a series of
negative news.
The study also finds that Bursa Malaysia overreacts to surprises in political
news. Unexpected events namely the removal of the DPM and resignation of PM
have caused investors to overreact. Well announced events like announcement of
general election appear not to significantly caused investors overreaction behaviour
in the stock market.
Unlike test for economic and domestic events that support stock overreaction
behaviour in Bursa Malaysia, those of international events present mixed results.
The study shows that Malaysian stock market has significantly overreact to SARS
outbreak, while significantly underreact to September 11th terrorist attacks. Although
Gulf Crisis and Invasion of Iraq involve oil producing country, surprisingly,
Malaysian stock market does not show any evidence of stock overreaction behaviour
towards those events.
Overall, evidences of short term behaviour presented by this study propose that
Bursa Malaysia is not consistent with the weak form of EMH in the short run. The
results show that investors are able to earn abnormal profit by selling past winners
and buying past loser upon surprises in political news and economic crisis for
example. In addition to that, arbitrage strategy of buying past winner and selling
past loser will give potential abnormal profit to investors upon announcement of
general election. Therefore, this study suggest that knowing past performance of
stocks enabled investors to beat the market when there is a surprise in information.
So, this study concludes that Malaysian stock market is not weakly efficient in the
short run.
http://econ.upm.edu.my/ijem/vol4no2/bab07.pdf

Short run stock overreaction: Evidence from Bursa Malaysia

The objective of this paper is to discuss evidence of short run stock overreaction with respect to the arrival of dramatic events in the Malaysian stock market. The findings reveal that Malaysian stock market overreacts to economic crisis and extraordinary political events. The study shows significant overreaction behaviour existed in this market upon announcement of the removal of the deputy prime minister and announcement of the resignation of the prime minister. In contrast, evidence of underreaction was detected upon announcement of the national election. With regards to dramatic international events, Malaysian stock markets only disclose evidence of stock overreaction behaviour to SARS outbreak.
https://uitm.pure.elsevier.com/en/publications/short-run-stock-overreaction-evidence-from-bursa-malaysia

China's exports surged at the fastest pace in 3 years
China's February exports rose 44.5 percent from a year earlier, compared with analysts' median forecast for a 13.6 percent increase, official data showed on Thursday.
https://www.cnbc.com/2018/03/07/chinas-february-exports-jump-44-point-5-percent.html