The Bank of Canada surprised markets last week when it ended its government-bond-purchase program and moved up the time frame for when it might first raise its benchmark interest rate from its current near-zero level.
Meanwhile, the Reserve Bank of Australia, which has a policy meeting on Tuesday, stunned investors when it declined last week to defend the 0.1% interest-rate target it had set on bond yields that mature in April 2024. Bond investors sold off government debt following the release of a stronger-than-anticipated inflation report.
The RBA’s move fueled expectations that it will scrap the program, known as “yield curve control,” at this week’s meeting. “If so, this is a startling about-face,” said Ben Jarman, an economist at JPMorgan Chase & Co.
No two companies are alike; just as no two people are the same - not even twins. Yes, Hong Seng is definitely "unique". But what matters, and I can only speak for myself, is that this company's shares have given me a profit of more than RM100,000 in just over 3 months. Admittedly as a small investor, I've never made so much money in such a short period of time. This is on top of the RM50,000 I made on shares that I bought in 2015 (when the company was known as Panpages) that grew in value from bonuses and splits after Hong Seng came into the picture. Maybe I can count my lucky stars.
Hong Seng Consolidated Bhd’s wholly owned subsidiary HS Petchem Logistics Sdn Bhd s subleasing a tract of land in Prai Bulk Cargo Terminal, Pulau Pinang, to construct a tank farm and provide integrated logistics services to wholly owned subsidiary Hong Seng Industries Sdn Bhd as well as other nitrile butadiene latex (NBL) manufacturers. (The Star)
that's becos hong seng is lucky not to be the target of relentless daily non-stop bullkrapping fearmongering shorting cartel goons
Posted by Benhobenhobenho > Nov 1, 2021 7:20 PM | Report Abuse
Strange eh!! Top glove shares n the rest dropped so much in share prices but Hong Seng can go up so much on the contrary, why? Any special about this counter, is their earnings more than top glove n the rest of the big 4
Some investors and former Fed staffers aren’t so sure. Krishna Guha, vice chairman of Evercore ISI who was an adviser to William Dudley when he was head the New York Fed, says the rates market is getting it wrong on both sides - especially with U.S. stocks near their all-time highs. Stephen Jen, the chief executive officer of Eurizon SLJ Capital, goes even further, saying the market’s very low pricing of the peak policy rate is “ridiculous.”
While the rate markets backdrop seems to show “fear that central banks have boxed themselves into a corner and will be forced into hawkish policy mistakes that end up generating a weak economy, that is hard to square with strength in equities and credit,” Guha wrote in note with his colleague Peter Williams on Nov. 1.
0041 HONGSENG, HONG SENG CONSOLIDATED BERHAD - + Additional Listing Announcement /Subdivision of Shares 2 Nov 2021, 07:00 Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Conversion of Preference Shares Details of corporate proposal : Conversion of Irredeemable Convertible Preference Shares into Ordinary Shares of the Company No. of shares issued under this corporate proposal : 33,500 Issue price per share ($$) : 0.1000 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 2,552,799,884 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 250,709,518.200 Listing Date : 03/11/2021 2. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Exercise of Warrants Details of corporate proposal : Exercise of Warrants 'A' into Ordinary Shares of the Company No. of shares issued under this corporate proposal : 26,700 Issue price per share ($$) : 0.1300 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 2,552,826,584 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 250,712,989.200 Listing Date : 03/11/2021 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
insignificant. price down .20 now. I'm buying. But HS has become too expensive for me to buy. Not making as much now as I would like to.Will sell when price touches 4.80/4.90.
Found that Hongseng latest qr profit more than D&O, and this tally to higher market cap of Hongseng than D&O. Does this means that Hongseng is more worth to invest?
I am interested to see HS profitability in coming quarters, especially after its nitrile latex plant starts run. I dun hv a single share of HS now.
Honestly I original thought HS is pure goreng stock, but just now found that HS total number of shares are huge, if said is pure goreng also hard to sustain the bubbles, unless these bubbles are supported by some real profiting business and promising prospect.
This counter already moved far ahead of the rest of glove counters, that's why price not much movement. Now the turn of the big 4 n the rest of glove counters
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Posted by wallstreetrookie > 2021-11-02 07:09 | Report Abuse
The Bank of Canada surprised markets last week when it ended its government-bond-purchase program and moved up the time frame for when it might first raise its benchmark interest rate from its current near-zero level.
Meanwhile, the Reserve Bank of Australia, which has a policy meeting on Tuesday, stunned investors when it declined last week to defend the 0.1% interest-rate target it had set on bond yields that mature in April 2024. Bond investors sold off government debt following the release of a stronger-than-anticipated inflation report.
The RBA’s move fueled expectations that it will scrap the program, known as “yield curve control,” at this week’s meeting. “If so, this is a startling about-face,” said Ben Jarman, an economist at JPMorgan Chase & Co.
WSJ | Economy