Didn't our Pm promise us to have defence kuat kuat during election speak few year back at Rm vs Usd $0.360 meh ? I took it with a huge scope of salt during he said so. COORUPTERS YANG HARUS DIHAPUSKAN DULU bukan slogan slogan cantik umpama menipu sendiri dan seluruh rakyat Malaysia.
1) Liihen - Net Cash RM82.9M 2) Hevea - Net Cash RM94.6M 3) Pohuat - Net Cash RM42.6M 4) Latitude - Net Cash RM139.8M ( Includes Investment Securities Of RM46.4M )
Paperplane being one of the top 20 Stock Pick winner has 1 week advantage bcoz his closing date for 2017 contest is 6/1/2017 whereas others was 30/12/2016. Salute to Icon8888 & Luvluv for picking their stocks on 30/12/16 eventhough they are also top 20 winners.
Rikki, I have make my picks. Think won't change.....I try avoid AirAsia, Bjcorp next year due to high debts. Initially thinking to add EG, but also drop due to high debts. Yet I still have some high debts pick like MMCCorp.
Paperplane, salute you if you have submitted your picks to Mr Tan KW. You are at the same level playing field with the rest. Taday alone there are more than 15 picks by IBs/Newspapers & many more will be called by analyst the next few days.
in 1997 when US$1 = RM4, maybank was only rm3+ today US$1 = RM4.50, maybank still rm8.20!!!
maybank should be trading at rm2.50 now (but unfortunately EPF, Khazanah, PNB, LTH are all supporting the price from falling in our smart retailer's hands)
Posted by speakup > Dec 31, 2016 11:08 PM | Report Abuse
our share market really overvalued. in 1997 when US$1 = RM4, maybank was only rm3+ today US$1 = RM4.50, maybank still rm8.20!!!
Mr Speakup, when i am doing my financial study in the University, the professor told us they is the issue of compounding of interest and business retaining earnings, which are the 2 major point driving up the earnings of companies.
That he say, in long run, you will see the share price of good company will always go up.
I still remember the lecture the respected professor deliver to us, a few years back.
What killed the market in 98 was not the weak Ringgit, it was the high interest rate, which was a wrong policy by the Anwar led Ministry of Finance (mahathir accused him of purposely doing that to destabilize economy)
The government has learned the lesson, so this round they just let the RM falls without increasing interest rate
Nope. Icon. What kill us is some stupid idiots go and use our money to defend MYR and play fired thinking they are smart. Those stupid idiots never learn, just like tht old man....they are living in own world.
Planeplane, Latitude seems to be a better choice, since a major part of their exports are sourced in Vietnam is produces much better rubber wood than Malaysia besides cheaper production environment and possibly more cordial look by Trumpet...
So far, the extreme measure like to force exporters to convert 75% of their proceeds into Ringgit, did not act as a catalyst to strengthen RM. The strong oil price (above 50) also does not help much.
Should Bank Negara raise the interest rate to catch up with the FED, this will at least flatten the up-trending curve if not having a solid pull back.
One thing to look for is whether Yellen will change her hawkish tone during the FOMC from targeted 3 times rate hike in 2017 to "Due to unforeseen global risk, we are not in a hurry to raise the rate, etc..." Then we might see a meaningful retracement of the USD.
Compare USD/MYR chart with Malaysia Exports figure/chart from the link below, and you will see how co-related it has becomes. Meaning, to achieve higher Exports, MYR needs to be weaken. http://www.tradingeconomics.com/malaysia/exports
speakup is right,bursa now really overvalue,maybank should be below RM 3,yet at RM 8.20 now is after a few times of bonus issues and the price should be more than RM 20 including dividends since 1998.the present govt scared to raise interest rate because many big govt bodies are tied to stocks. only interest rates can cause the downfall of bursa
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
VenFx
14,784 posts
Posted by VenFx > 2016-12-31 17:47 | Report Abuse
Didn't our Pm promise us to have defence kuat kuat during election speak few year back at Rm vs Usd $0.360 meh ?
I took it with a huge scope of salt during he said so.
COORUPTERS YANG HARUS DIHAPUSKAN DULU bukan slogan slogan cantik umpama menipu sendiri dan seluruh rakyat Malaysia.