today is a holiday no trading. just to sidetraked. I am not married to MBSB ( but smitten by her positive outlook}. She is good with my money. short term can maintain her. long term? depends whether you are looking at 3 months or 12 months . sounds like a play-play. no just waiting for next material girln happy holiday
Park your money as much as you can afford here..good for medium n long term gain. 65 % own by KWSP. Kwsp has the reponsibllity to maintain its pride n reputation..
EPF owns RHB and MBSB. any price meltdown will affect their bottom lines. End year is approaching. expect some decent window dressing with CMY . Happy mid autumn festival ( Moon cake celebrations )
Most GLic funds manager will be back after long break in between Hari Qurban and coming Malaysia Day. Hopefully, all their bullets reserved for the coming week (after Fed Reserve SEp meet ) decide not to raise rates.
Most WSJ analyst expect only 20% chances Fed raising rates in September ( whereas 40% expect Fed to raise rates in Dec ) Keep our fingers cross. Trump already says if elected he will replace Janet Yellen. As this point of time . Everything is uncertain. Janet Yellen favour term " uncertainities "
if fed hold back the rates ( 20-21 Sept) meeting. next meeting is scheduled only in November. in between markets should perform positively. this is my personal view. Cheers
I ALSO DONT'T KNOW ABT ANY NEWS ON 21st. ONLY KNOW THAT ITS BAD DEBT IMPAIRMENT PROGRAMME OF RM1.7B WILL CONTINUE TO HIT ITS PROFITS UNTIL THE 1Q 2018. AND THAT APPLICATION FOR AN ISLAMIC LICENCE IS NOT A PRIORITY UNTIL AFTER ITS IMPAIRMENT HAD BEEN COMPLETED. HENCE STILL GRADUALLY BARGAIN HUNTING IN SMALL QUANTITIES,i.e. BUYING ON DIPS TO AVERAGE DOWN PURCHASE PRICES WITHIN ABOVE TIMELINE.
AGREED WITH ABOVE EARLIER COMMENTS THAT " final show still far away". TIES UP WITH MY TIMELINE "UP TILL 1Q2018" (based on public announcements via BURSA). HENCE MY STRATEGY TO SLOWLY BUY ON PRICE DIPS DURING ITS CURRENT CONSOLIDATION PHASE (triggered by its loan assets impairment provisioning programme and due to the many economic n political uncertainties like USA INTEREST RATE HIKE DECISION ON22/9, USA PRESIDENT ELECTION ON 8/11 N BERSIH 5 DEMO ON 19/11)
look at it on a proforma basis as their impairment exercise is a known fact and anytime the market decides as such, the price will react. generally the quarterly results act as catalyst. good luck
Invest-101. AGREED WITH U THAT ITS QUARTERLY RESULTS CAN BE CATALYSTS BUT ONLY IF THEIR PROFITS CAN IMPROVE. DUE TO ITS 2 YEAR IMPAIRMENT PROGRAMME OF RM1.7B ITS 1Q N 2Q PROFITS FOR CURRENT YEAR IS ALREADY DOWN BY 50%. HENCE ITS NEXT FEW QUARTERLY PROFITS WILL BE DOWN DEPRESSED BY ITS CONTINUING IMPAIRMENT.
EXPRCT ITS CURRENT CONSOLIDATION PHASE TO CONTINUE.
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....
Jonathan Keung
4,453 posts
Posted by Jonathan Keung > 2016-09-12 08:41 | Report Abuse
today is a holiday no trading. just to sidetraked. I am not married to MBSB ( but smitten by her positive outlook}. She is good with my money. short term can maintain her. long term? depends whether you are looking at 3 months or 12 months . sounds like a play-play. no just waiting for next material girln happy holiday