The RON95 petrol price is determined by global benchmark price as follows : [average Singapore Mogas 95 Unleaded (Platts) * average USD/MYR / 159 litre per barrel + fixed margin of RM0.3173]. The forecast is usually off for one two cents only (at least for past few weeks). Therefore I don't think it's fair to blame the refiners for the high petrol price.
China’s producer prices were surprisingly strong in October, while consumer inflation picked up pace, suggesting economic momentum remained robust and easing market concerns of a slowdown in the world’s second largest economy.
A stronger U.S. dollar and higher interest rates in the U.S. typically hurt emerging market equities, as a stronger greenback may appear more attractive to foreign investors. Furthermore, some emerging markets are tethered to dollar-denominated commodities such as oil.
The dollar is unlikely to strengthen substantially from here, which should prove further support for emerging markets, said Gina Sanchez, CEO of Chantico Global.
"We like emerging markets because of the expansion of trade, and the fact that that has yet to make its way into the bottom line in terms of sales," Sanchez said Wednesday on "Trading Nation," adding that sales in many emerging markets' firms are continuing to grow.
Sanchez said even as price-earnings ratios in the space have expanded, much of that has simply been evident in emerging market technology stocks, and she still likes emerging markets.
If RON95 reach mye3/litre- all 3 large refiners happy go lucky but we crying lei...its unbearable abnormal profit for refiners only lei not the mass malaysians. govt. should impose windfall tax on refiners, to be fair
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 5884 views | 5 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
speakup
26,460 posts
Posted by speakup > 2017-11-09 14:19 | Report Abuse
hallo brother, RM100,000 is nothing to shout about these days.
RM1MIL at least can talk