Reading some of the blogs and posts here...moving from depths of despair in Wed/ Thursday trading to euphoria over the week end, don't know to laugh or cry...just pity.
I agreed with u. Ringgit cannot strengthen much. But ringgit is uptrend ma. Then the sentiment of export counters will get affected. (Taaan, topglove.......etc)
those who bought exports shares at the top surely has a much higher chance of seeing new highs than other stocks. 1. export stocks are generally quite well managed, have a natural growth rate of 10% to 15% 2. Take Homeritz eg. For whatever reasons people sell it down ,,,how long before Homeritz see new high? wouldn't be very long.
The fact is. In time of fin crisis. Govt wil go for shopping spree checking which ind can contribute money to tie try. The last time they did it on palm oil ind.
Not forgetting all telco got the spectrum for free when they supposed to bid like other country.
Fortunebullz i m shocked by your kindergarten analysis.
Saturday, 30 January 2016 | MYT 10:42 PM Iraq will cooperate with any production-cutting decisions
BAGHDAD: Iraq's oil minister said on Saturday his country was ready to accept a decision by OPEC and non-OPEC members to cut crude production and was preparing to revive its national oil company, moves aimed at boosting profits amid dropping prices.
Cash-trapped Venezuela has called for a meeting in February to discuss steps to prop up global oil prices, which have plunged to 12-year lows around $30 a barrel.
"Iraq will agree and cooperate if producers really want to cooperate to cut," Adel Abdul Mahdi told reporters in Baghdad.
He said the ministry was also preparing a draft law to revive the National Oil Company, which was established in the 1960s but merged into the ministry in 1987. He said it would be "vital for the development of the energy sector" and operate independently of the ministry.
Legislation to reestablish the company has languished for years amid political turmoil and changes of government in the war-battered nation.
Baghdad, which relies on oil exports for nearly all its revenues, is struggling to improve its finances as it wages a costly battle against Islamist insurgents in the north and west.
Southern oil exports through Jan. 24 averaged 3.324 million barrels per day (bpd), with production at about 3.7 million bpd, according to Abdul Mahdi.
Separately, the minister said a Chinese company and other foreign firms had signed a deal this week in Beijing to form a consortium to invest in building an oil pipeline connecting the southern city of Basra with Aqaba port on Jordan's Red Sea coast. - Reuters
Ministry spokesman Asim Jihad said the main firms were China Petroleum Pipeline (CPP) and private company Mass Global.
"The two companies will submit their investment offer to the oil ministry in March," he told Reuters.
The plan is to export one million barrels per day (bpd) of Iraqi crude to Jordan, 150,000 bpd of which will supply Jordan's Zarqa refinery.
Iraq pre-qualified 12 companies and joint ventures in 2013 to build an $18-billion export pipeline to Jordan, but security concerns forced it to delay the plans.
The pipeline runs through the western Iraqi province of Anbar, most of which fell under the control of Islamic State militants in 2014. - Reuters
One thing, raider has noted is that, when market is volatile & and indecisive in its action, it is best to be reactive than anticipative.
Let market do the talking, then only, we take the necessary action. But once manage gauge the market action & direction, act fast loh.....!! This is applicable for the stock which are overvalue in ur portfolio....!!
For longer term investor, u don need to do any action, once u had satisfied that your stock got margin of safety & got good stable prospect and it is undervalue....u just hold mah....!!
lets assume a bull scenario based on QE in Japan and US...... On a bull scenario, one of the best buy would still be top performing exports like Top Glove...( Zika virus latest catalyst) The take home message is that indiscriminate selling of exporters over ringgit strength is to be faced head on. In a bull scenario, pretty soon, everyone will soon realise...the exporters gives the best returns in recessionary Malaysia.
======stockraider > Jan 31, 2016 09:36 AM | Report Abuse
One thing, raider has noted is that, when market is volatile & and indecisive in its action, it is best to be reactive than anticipative.
in a bull scenario , all boats gets lifted, risk taking comes back, and exporters gives the lowest PE, best growth , best earnings transparencies. 3 1/2 high ringgit translated to nothing in the real life of a company.
COUNTRY HAS MANY UNSETTLE ISSUES.. DRAMA THEY ARE PLAYING TRYING TO SHOW TO EVERYBODY THAT THE ISSUES ARE BEING RESOLVED ONE BY ONE.. SEE RECENTLY AG WAS TRYING TO RESOLVE THE 2.6 b donation or corrupt case.. immediately on the spot the SWISS issue start popping out.. the question I like to ask is, is this recovery on ringgit n oil is just temporary or a real recovery.. oil there will be some recovery but not a strong one.. ringgit will be some recovery but not a strong one, because of many unsettle issues... OUR JIBBY MUST GO OUT..HE IS A REAL SHAMELESS ONE.. OUR COUNTRY BECAME LIKE THIS, BECAUSE OF MAHATHIR PAST SINS, GIVEN TOO MUCH FACE TO MA...YS. NOW BASE ON KARMA LAWS THEY ARE GETTING SLAPS ON THEIR OWN FACE N ARE ENJOYING IT
In theory World oil prices will affect the index KLSE as the Malaysian economy dependent on crude oil .
When oil prices rise , the USD will drop Myr .-- > Search oil company or other export company . When oil prices fall , the USD will rise Myr . - > Find an export company . However , Malaysian sentiment is still pending issue(only Seattle short term & during Budget revise). In my view increase in Crude Oil is temporary & depend OPEC & Russian country for SOLID cooperation. I believe, Export counter now down trend & correction phase. If your chose export counter (Hv Good FA & Undervalue) still have room to grow.I still buy & hold some export counters and Sarawak theme play for mid term and long term. Trade is your own risk. Dont follow blind. Other country still have supply & demand for related product.
when every thing was falling apart and coming down the previous week, I did mention what I call flight to safety....flight to safety meaning recommend buying dead stocks such as Vivicom, Air Asia Air Asia X..............now, a bit high already.
====paperplane2016 Dbb said 7-17, if so...I allin AirAsia! Sell my underware to all in!
plane...an environment of low oil price and stable ringgit...who is in the best position to benefit? Air Asia and AAX comes immediately to mind.
choose the entry point.
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Posted by Desa20201956 > 2016-01-30 15:30 | Report Abuse
Reading some of the blogs and posts here...moving from depths of despair in Wed/ Thursday trading to euphoria over the week end, don't know to laugh or cry...just pity.