Posted by masterus > 2017-07-15 16:01 | Report Abuse

S&P 500 2,459 +11.44 +0.47%
Home Markets U.S. & Canada Futures Movers
Oil ends higher to tally a gain of more than 5% for the week
By Myra P. Saefong and Sara Sjolin
Published: July 14, 2017 3:06 p.m. ET

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Nigeria supply setback, higher crude demand forecast lift prices
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Oil scored a weekly gain of more than 5% on Friday, as reports of supply issues in Nigeria and a higher forecast for crude demand helped send prices up for a fifth session in a row, to their highest finish in nearly two weeks.

August West Texas Intermediate crude CLQ7, +1.30% rose 46 cents, or 1%, to settle at $46.54 a barrel on the New York Mercantile Exchange. It rose roughly 5.2% for the week and settled at its highest since July 3, according to FactSet data. September Brent crude LCOU7, +1.38% on London’s ICE Futures exchange climbed 49 cents, or 1%, to $48.91 a barrel, with prices up about 4.7% from a week ago.

Posted by masterus > 2017-07-15 16:05 | Report Abuse

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US Dollar Add to myFT
US dollar hits lowest point in nearly 10 months

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13 HOURS AGO by: Jessica Dye
The US dollar has fallen to its lowest point in nearly 10 months on the heels of soft data on inflation and retail sales that have dimmed expectations for a third interest-rate increase in 2017.

The dollar index — which measures the greenback against a basket of peer currencies — has declined 0.6 per cent on Friday, taking it to 95.15 — its lowest point since late September, according to Bloomberg data. The index is also on track for its steepest one-day slide since June 27.

The weak reports have thrown into question whether policymakers at the Federal Reserve have been right to see other soft economic data since the start of the year as “transitory”, justifying their decision to forge ahead, for now, on a planned course of interest-rate increases in 2017.

Posted by masterus > 2017-07-16 10:04 | Report Abuse

Dollar falls after US CPI, retail data disappoint
0
Reuters, New York
The dollar extended its earlier decline against a basket of major currencies on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about US economic growth and whether the Federal Reserve would raise interest rates again in 2017.

US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation.

Economists had forecast the CPI edging up 0.1 percent last month and its drop of 0.1 percent in May and the lack of a rebound in June could trouble Fed officials who have largely viewed the recent moderation in price pressures as transitory.

"The CPI data begs the question, at what point does transitory becomes something that is more sustained, in terms of the softness," said Richard Franulovich, senior currency strategist at Westpac Banking Corp in New York.

The dollar index, which tracks the greenback against six major rivals, was down 0.5 to 95.248 after earlier falling to 95.186, its lowest since September 2016.

Posted by masterus > 2017-07-17 12:10 | Report Abuse

The ugly finish for the US dollar points to trouble ahead
Sun 16 Jul 2017 13:04:09 GMT Author: Adam Button | Category: News
Author: Adam Button

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US dollar closed on the lows



No one stepped up to but the US dollar on Friday, it closed on the lows of very close against the euro, Australian dollar and the Canadian dollar. Sterling wasn't far away.

The market -- generally -- still likes the US dollar but a close on the weekly lows is a technical signal you can't ignore. Add in the breakouts against the pound, CAD and Aussie, and you have a recipe for a brutal week ahead.

What's even worse is that there is no top-tier data on the calendar to give USD a hand; and the Fed is in the communication blackout.

Posted by masterus > 2017-07-18 10:46 | Report Abuse

urrencies
US dollar falls to 10-month low on doubts the Fed will raise rates again in 2017
Bets up that Federal Reserve is done increasing US interest rates
PUBLISHED : Tuesday, 18 July, 2017, 4:48am
UPDATED : Tuesday, 18 July, 2017, 9:58am
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China’s second-quarter gross domestic product topped forecasts with a rise of 6.9 per cent on the year, while retail sales and industrial output from the world’s second-largest economy were both strong.
The data boosted the Australian dollar given the country’s trade relationship with China, analysts said. The Aussie shot to a more than two-year high of US$0.7840, with bulls targeting the 200-week moving average around US$0.8018, before turning negative against the dollar and last trading down 0.3 per cent at US$0.7801.
Fed chief Yellen says US economy healthy enough for more rate increases

The dollar hit more than two-week lows against the onshore and offshore yuan, respectively, of 6.7645 yuan and 6.7602 yuan but last traded mostly flat.

Posted by masterus > 2017-07-20 10:30 | Report Abuse

China’s tanks and soldiers ‘READY FOR WAR’ as army hurtles to border
CHINA has sent thousands of tanks and vehicles to its border amid fears of a looming explosive war.




7
By Henry Holloway / Published 19th July 2017
People's Liberation ArmyGETTY
CHINA: People's Liberation Army forces have been shipped a disputed border
Beijing has deployed the People’s Liberation Army to its western frontier over a deepening feud with rival India.

Military hardware has been shipped on freight trains to the Sikkim province as conflict looms.

The two nuclear-armed neighbours have been at each others throats as they both stake a claim to disputed lands on the border.

Soldiers and ground vehicles have been deployed as China carries out live fire drills in the Himalayas.

Posted by masterus > 2017-07-20 10:35 | Report Abuse

July 20, 2017 10:00 am JST
In a signal to China, India joins US-Japan naval exercises
Beijing's ramped-up Indian Ocean activity has New Delhi on 'full alert'
AKIRA HAYAKAWA, Nikkei staff writer
MUMBAI India is stepping up its guard against China on the high seas as well. In the Indian Ocean, on the sea route in China's "One Belt, One Road" initiative, a joint exercise was recently conducted by Japan, the U.S. and India.

The Indian navy sent an aircraft carrier to the event for the first time, and the exercise was carried out in mid-July with the American nuclear-powered aircraft carrier USS Nimitz and the Japanese Maritime Self-Defense warship Izumo, a helicopter carrier.

The joint exercises have been conducted intermittently since 2007, and the three countries all say they are not targeted at any specific country. However, they apparently hope to send a message to China. In particular, "India has been on full alert for China's move," according to a person involved in the joint exercise, as the Indian navy has spotted a dozen Chinese warships and other vessels as well as submarines in the Indian Ocean in past two months.

China has been increasingly active around the Indian Ocean in recent years. A Chinese submarine entered the port of Colombo in Sri Lanka in 2014. In the east, port construction led by China is under way in Myanmar and Bangladesh. In the west, the port of Gwadar in southern Pakistan was built with Chinese support, and Chinese warships and other vessels have called there. The Chinese navy has set up a base in Djibouti in Africa as well.

At the U.S.-India summit in June, Prime Minister Narendra Modi emphasized the importance of strengthening and expanding cooperation in defense and security. In a bilateral meeting on the sidelines of the Group of 20 summit in Hamburg, Germany, earlier this month, Japanese Prime Minister Shinzo Abe and Modi agreed to strengthen cooperation in naval security.

Posted by masterus > 2017-07-21 09:34 | Report Abuse

KUALA LUMPUR: AmInvestment Research sees the ringgit trading around 4.12 to 4.15 to the US dollar on Friday following several concerns affecting the greenback.

In a note to clients, the research house pointed out that it appears that the US$ is on the hit due to (1) concerns the Russian investigation may slowdown tax reform & other growth policies; (2) the potential story of Euro tapering; and (3) slower interest rate hike cycle by the Fed.

“These noises somewhat support our view that the intraday trade for ringgit against the US$ could reach around 4.12-4.15 from our fundamental analysis during our computation.

Posted by masterus > 2017-07-21 10:05 | Report Abuse

Bottom falling out of US dollar: Drops to near 2-year low vs the euro, 2017 loss now 10%
The dollar hit a nearly two-year low against the euro, after the European Central Bank signaled it could start discussing in the fall a plan to pare back its bond purchases.
The dollar was also under pressure because of concerns the Russian investigation could slow down tax reform and other pro-growth policies of the Trump administration.
One strategist said there's no longer any resistance against dollar weakening.
Patti Domm | @pattidomm

Posted by masterus > 2017-07-23 14:55 | Report Abuse

U.S. Dollar Sunk by Wave of Buying in Aussie, Euro
23 hours agoByJames Hyerczyk
The U.S. Dollar hit its lowest level against a basket of currencies since August 2016 last week as a boatload of negative factors piled up against the Greenback, causing investors to lose confidence in the currency.
September U.S. Dollar Index futures finished the week at 93.679, down 1.251 or -1.32%.
U.S. Dollar Index
Weekly September U.S. Dollar Index
The dollar was under pressure at the start of the week because dovish comments from Fed Chair Janet Yellen and disappointing consumer inflation and retail sales the previous week lowered the chances of a third Fed rate hike later in the year.
Last week’s selling pressure came in waves. The first wave of selling was fueled by a steep rally in the Australian Dollar that was caused by hawkish comments from the Reserve Bank of Australia (RBA). The second wave of selling was attributed to hawkish comments from European Central Bank (ECB) President Mario Draghi, which drove the Euro to a multi-year high.

Posted by masterus > 2017-07-26 10:04 | Report Abuse

Chinese crude oil imports are expected to exceed 400 million tons this year, and to further rise next year, Zhang Haichao, vice president of Sinopec Group, told Reuters on Tuesday.

The estimate provided by Zhang means that Chinese demand for foreign crude would rise by 400,000 bpd, and for the first time ever, rising imports could make China the world’s top crude oil importer on an annual basis, according to Reuters.

Chinese customs data has revealed that the world’s second-largest consumer of crude oil imported 8.55 million bpd during the first half of the year, or 212 million tons in total – a 13.8-percent annual increase. The growth in imports comes on the back of higher refinery runs after a maintenance period, as well as dwindling local crude production.

Posted by masterus > 2017-07-26 10:04 | Report Abuse

Brent rise to $50 above.

Posted by masterus > 2017-07-26 11:14 | Report Abuse

Senate Health-Care Debate Opens With Rejection of McConnell Plan

Posted by meistsk3134 > 2017-08-01 21:04 | Report Abuse

who going take over the grandpa??????

Posted by william > 2017-08-04 15:34 | Report Abuse

retiree soon teh...

Posted by leslieroycarter > 2017-08-04 17:19 | Report Abuse

In order to prevent take over bid , PBB should increase the no of shares via share split and bonus issue , creating a big capital base , double or triple the present paid up capital . After split , the share shall be more tradable to facilitate trading and creation of more attractive atmosphere.

Posted by leslieroycarter > 2017-08-07 16:57 | Report Abuse

Hoping the days may come when Tey stepped down.

Posted by masterus > 2017-08-07 23:25 | Report Abuse

The Russian government will intensify efforts to cut the country’s dependence on US payment systems and the dollar as a settling currency, said Deputy Foreign Minister Sergey Ryabkov on Monday, as quoted by RIA Novosti.
Read more
© Maxim ZmeyevSanctions reload ushers in the ‘new normal’ for Russia
“We will, of course, speed up the work on import substitution, reduce dependence on US payment systems, on the dollar as a settling currency and so on. It is becoming a vitally important,” said Ryabkov.

“The US is using its dominating role in the monetary and financial system to impose pressure on foreign business, including Russian companies,” added the deputy minister.

Posted by masterus > 2017-08-07 23:29 | Report Abuse

16 HOURS AGO by: Amy Kazmin in New Delhi
On a windswept Himalayan plateau usually frequented by seasonal yak herders, hundreds of troops from China’s People’s Liberation Army and the Indian Army are locked in a stand-off over a small but strategic piece of land.

Bullets are not flying, but rhetoric is, with Beijing warning New Delhi to “correct its mistake” by withdrawing its troops from the contested terrain, that China calls its own. 

India — which says it is has merely come to the defence of its tiny neighbour Bhutan that also claims the land — has ruled out a unilateral withdrawal, while insisting it wants a peaceful resolution of the problem.

Posted by masterus > 2017-08-07 23:31 | Report Abuse

Flyer launched for the protest.
DHARAMSHALA: Tibetans living in exile in India are going to hold a protest rally under the banner 'Tibet's independence, India's security' in Delhi over worsening relations between India and China due to the Doklam issue. Tibetan Youth Congress (TYC), one of the largest groups formed of young Tibetans in 1970, has given a call to this rally. It will take place on August 11, 2017. Tibetans will gather at Ramlila Maidan and will hold procession till Jantar Mantar in the national capital.
The organization has 35,000 members worldwide. "We are the largest NGO in exile and are going to hold this rally to highlight that Tibet's independence is the safest guarantee for India's security and peace along the Himalayas. We believe that Tibetans must be a part of discussions concerning the borders" said Tenzin Jigme, President of TYC.

Headquarters of the TYC are situated in Mcleodganj near here. It has 88 chapters in various countries, out of which 65 are in India who would be participating in this protest along with some Indian groups also, said officials of the organization. "Confirmations about the Indian leaders and groups will come in a day or two" they said.

Posted by masterus > 2017-08-09 13:06 | Report Abuse

Hong Kong dollar hits 10-year low against greenback
City's currency suffers sell-off for higher-yielding US dollar and yuan
JOYCE HO, Nikkei staff writer

HONG KONG -- The Hong Kong dollar hit its weakest level against the greenback in a decade on Tuesday, as flush liquidity continued to curb Hong Kong money market rates and spurred carry-trades for the higher-yielding dollar and yuan.

The local currency, pegged at 7.75-7.85 to the dollar, edged beyond 7.82 for the first time since August 2007, when the U.S. subprime mortgage crisis erupted. It breached the mid-point of the trading band in June, after a sustained devaluation since January.

The Hong Kong dollar is one of the few currencies in the region that has devalued against the U.S. dollar year-to-date, along with the Philippines peso and Sri Lankan rupee. It has so far weakened by 0.89%, while the Japanese yen and Australian dollar have risen 5.4% and 9.76% respectively.

"The recent weakness in [the Hong Kong dollar] is clearly a 'pricing phenomenon' on the back of a continued widening in the interest rate differential between the U.S. and Hong Kong," wrote Irene Cheung, senior strategist for Asia at the Australia and New Zealand Banking Group, in a note on August 4.

Posted by stockranger > 2017-08-10 10:28 | Report Abuse

jut switched some holding to Petronm for exciting news on extraordinary performance soon.

Should refer to : https://klse.i3investor.com/blogs/david_petronm/129620.jsp

Posted by masterus > 2017-08-15 17:24 | Report Abuse

KUALA LUMPUR, Aug 15 — The ringgit is expected to return to its ‘fair value’ in the second half of this year, much earlier than initially expected in the first half of 2018, according to Standard Chartered’s (StanChart) latest Global Research report released today.
The report showed that the ringgit remained highly attractive from a valuation standpoint.
“This is particularly relevant in an environment where investors, in their search for yield, are settling for assets with stretched foreign exchange (FX) valuations elsewhere in emerging markets,” it said.
StanChart justified that it had a short- and medium-term “overweight” FX weightings on the Malaysian currency.
It recently estimated the ringgit to trade at 4.20 against the US dollar in the third quarter this year and 4.10 at end-2018.

Posted by masterus > 2017-08-16 15:28 | Report Abuse

August 16, 2017 4:13 am JST
Volatility spikes as Hong Kong dollar continues to slide
Jittery traders keep eyes peeled for hint of market intervention
KEIICHIRO MORIYASU, NQN staff writer

© Reuters
HONG KONG -- The Hong Kong dollar's fall to the lowest level since the global financial crisis last week has raised anxiety among currency traders who now see a higher likelihood of market intervention. A nervous market has in turn made the currency more vulnerable to wild swings.

Under a currency board system, the Hong Kong dollar is pegged to the greenback at a range of HK$7.75-7.85. The exchange rate hovered at close to the HK$7.75 ceiling at the start of 2017, but it has declined gradually to fall to near HK$7.8275 on Aug. 9. That price is within arm's reach of the HK$7.8294 low recorded on Jan. 20, 2016.

While within the accepted range of the pegged system, the Hong Kong dollar's weakness is surprising, given that Hong Kong equities have excelled this year even among high-performing Asian peers, and housing prices are on the rise as well. Normally one might well expect investor cash to pour in, buoying the currency.

Posted by masterus > 2017-08-17 10:04 | Report Abuse

Select Language​▼
CORPORATE
FROM THE EDGE
Credit Suisse sees ringgit improve to 4.10 over next few months
Sulhi Azman
/
The Edge Financial Daily

August 17, 2017 09:51 am MYT

This article first appeared in The Edge Financial Daily, on August 17, 2017.
-A+A
KUALA LUMPUR: Credit Suisse expects the ringgit to trade at 4.10 against the US dollar “over the next few months”, with the country’s upcoming stronger-than-expected economic growth to provide support for the local currency.

“Combined with [the] recently high oil prices and improving August trade seasonality, this helps to keep us constructive on the ringgit, targeting 4.10 versus the US dollar over the next few months,” Credit Suisse’s two fixed income analysts Ray Farris and Trang Thuy Le said in its regional Asia foreign exchange (forex) strategy report yesterday.

Credit Suisse’s forecast of the ringgit was in line with the most recent estimate by Standard Chartered plc (StanChart).

Yesterday, StanChart forex strategist Divya Devesh forecast the ringgit to rebound to a fair value of 4.10 against the US dollar by the year end, adding that he remains “overweight” on the local currency.

The ringgit has rebounded by 4.4% from 4.4938 recorded on Jan 4, 2017.

As for the country’s economic growth — measured by gross domestic product (GDP) — Credit Suisse forecasts the Malaysian economy to grow by 6% in the second quarter of this year (2Q17). This is well above the consensus estimate of 5.4%, and 5.6% that the country managed to chalk in 1Q17.

Posted by leslieroycarter > 2017-08-21 18:17 | Report Abuse

I had been Holding PBB for a number of years , bought RM 20 per share , yearly div not enough to compensate the returns like normal FD from banks . There are idiots always boasting they bought the stock at RM 5. Do u know RM 5 was in year when? Should be more 25 -30 years ago . Do u know how much Nestle then ? Also around RM 5 , Do u know how much Nestle now? Do not compare an apple to an orange coz it means nothing .

Posted by masterus > 2017-08-22 20:25 | Report Abuse

News » Business » International Business News » Malaysia's c.bank reserves rise to $100.4 bln as of Aug 15
Malaysia's c.bank reserves rise to $100.4 bln as of Aug 15

Reuters | Aug 22, 2017, 12:34 PM IST

KUALA LUMPUR, Aug 22 (Reuters) - Malaysia's gross international reserves rose to $100.4 billion as of Aug. 15, from $99.4 billion on July 31, the central bank said on Tuesday. Bank Negara Malaysia (BNM) said reserves were sufficient to finance 7.9 months of retained imports and were 1.1 times the short-term external debt. The central bank released the following international reserves data, expressed in billions of dollars: Aug 15 July 31 July 14 June 30 Total gross 100.4 99.4 99.1 98.9 international reserves Foreign currency 93.9 93.0 92.4 92.5 reserves IMF reserves position 0.8 0.8 0.8 0.8 SDRs 1.2 1.1 1.1 1.1 Gold 1.5 1.5 1.5 1.5 Other reserve assets 3.0 3.0 3.3 3.0 ($1 = 4.2800 ringgit) (Reporting by Emily Chow; Editing by Amrutha Gayathri)

Posted by leslieroycarter > 2017-08-23 15:15 | Report Abuse

A deplorable 270 ringgit for 20k+ investment still analyst claimed is the best?

Posted by stockranger > 2017-08-24 11:12 | Report Abuse

Switching my portfolio to Petronm....................could get better return

Stock: [PETRONM]: PETRON MSIA REFINING& MKTG BHD
Aug 1, 2017 10:50 AM | Report Abuse

Petronm is poised to surge much stronger later with the cup handle formation and limited sellers.

But what I like most are :
1. Strong and consistent FCF
2. Debt running down fast
3. Business growing with good marketing strategy
4. Proven quality management (vs HY's yet to be tested)
5. Dividend payout (HY not paying)
6. Earnings consistently being strengthened
7. Backed by established industry leader in Philippines
8. Forward P/E of at least 10x

Posted by masterus > 2017-08-24 16:07 | Report Abuse

The U.S. dollar weakened on Wednesday as investors reduced exposure in higher-yielding assets after U.S. President Trump’s threat of a government shutdown and comments about the possible termination of a North American trade agreement.
In a speech In Phoenix, Arizona, late Tuesday, Trump warned he might terminate the NAFTA trade treaty with Mexico and Canada after a three-day conference failed to settle deep differences. He also stated that he may shut down the government if he does not get funding for a wall on the U.S. –Mexico border.

Trading conditions were thin as investors awaited speeches from Fed Chair Janet Yellen and European Central Bank President Mario Draghi on Friday in Jackson Hole, Wyoming. Therefore, the market may have over-reacted to Trump’s comments. No one can be certain whether Trump was trying to publicly negotiate changes to the current treaty, or if he was actually serious about ending NAFTA completely.
Forex
Investors didn’t waste time trying to determine whether Trump’s comments were a negotiation ploy or a real threat. They moved money into the Japanese Yen for protection. This move weighed on the U.S. Dollar.
The EUR/USD also rose after the release of strong German and French PMI survey readings.
Essentially, the dollar remained under pressure because the buying was too thin to mount an intraday counter-trend move.
U.S. Economic News
Disappointing U.S. economic data also pressured the U.S. Dollar. Flash Manufacturing PMI came in below expectations at 52.5. Analysts were looking for a reading of 53.4. Flash Services PMI data, however, exceeded expectations. New Home Sales were ugly, coming in at 571K, well below the 611K forecast.
In other news, Dallas Federal Reserve President Robert Kaplan said on Wednesday that high levels of debt in the United States represent an impediment to future growth.
During a Q&A session at the Permian Basis Petroleum Association Membership luncheon in Midland, Texas, the FOMC member also said he wants to be patient and wait for more data before raising argument for removing some monetary accommodation from the economy.

Posted by Activeinvestor > 2017-10-03 09:38 | Report Abuse

Switching my holdings to Petronm
-------------------------------------------------------------------------------------------------------------------------------
Extract of Analyst Report from RHB

Petron Malaysia

Fuel Happy

We initiate coverage on Petron with a BUY recommendation. Our TP of MYR16.20 (60% upside) is based on a 12.5x FY18 P/E. The company owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products. Petron also owns an 88,000bpd refinery in Port Dickson, Malaysia with a Nelson Complexity Index of 3. We believe the refinery would provide the company with a competitive advantage, thereby enabling it to take advantage of refined product spreads.

Third largest retail station operator in Malaysia. Petron Malaysia (Petron), a major fuel retail distributor in Malaysia, has the third largest market share in the country behind Shell and Petronas Dagangan (PETD MK, NR). It owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products.

Besides retail marketing, the company also owns an 88,000bpd refinery located in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene and low sulphur waxy residue (LWSR). The refinery has an average utilisation rate of c.50% due to the unfavourable economics of LSWR which, in turn is due to its low complexity rate. The company is 73.4%-owned by Petron Corp, the largest oil refining and marketing company in the Philippines.

The refinery could provide alpha. Its retail fuel segment plays a volume game, ie the more retail stations imply a higher volume. As such, we expect its retail volume to grow by c.4% each year, driven by the opening of new stations. Our base case scenario assumes Petron would open 15 new stations every year. Its commercial fuel segment earnings are driven by spreads for naphtha, kerosene and LSWR. We expect spreads for naphtha and kerosene to range between USD2-7/bbl for the long term. As such, we believe the commercial fuel would provide the company with a higher earnings growth potential, compared to that of its peers.

Healthy balance sheet. As of 1H17, it is a net cash company; we expect Petron to end FY17F in a net cash position. Total borrowings are at MYR66.4m, while its cash position is at MYR156m. This is comparable to the situation at the end-FY16, when it was in a net debt position of MYR136m. Net cash from operations and free cash flow has been on an increasing trend, attributed to better cost management as well as the asset performance mechanism (APM), which transmits changes in oil prices to retail fuel prices.

BUY. We initiate coverage on Petron with a BUY recommendation, supported by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E for FY18, at a 70% premium to Petron. We like Petron as we believe its retail fuel segment would provide a stable base of earnings due to the APM mechanism, while its commercial fuel segment would provide an earnings boost, an advantage the company holds over its peers due to its refinery.

Posted by leslieroycarter > 2017-10-04 16:44 | Report Abuse

EPF buying n selling all the times , just to play a few cts ....

Posted by shernlee > 2017-10-08 12:42 | Report Abuse

hei guys..not spamming..we jus wan to invite those long term investor join this group to get more info..

https://t.me/Bursainvestmentanalysis

Posted by Jonathan Keung > 2017-10-12 16:43 | Report Abuse

PBB always low profile. nothing happenning maybe spike up just before result or dividends. PBB meant for institution not contra plays

Posted by Jonathan Keung > 2017-10-25 11:18 | Report Abuse

Finace stocks under presurre . look at CIMB dragging down other related counters

Posted by masterus > 2017-10-25 14:01 | Report Abuse

The argument for re-denomination

A contemporary model for Vietnam is Belarus. In 2016 the Belarusian ruble was re-denominated by taking four zeros off the currency. Before re-denomination, US$1 was about 20,000 rubles, making it comparable to the current dong. What was 10,000 BYR is now 1 BYN, so 1 USD is about 2 BYR.

The new currency is modeled on the euro, with coins similar in style to the euro also introduced. The smaller denominations are easier to remember, and spending low denominations feels more sensible as a consumer.

Removing four zeros would turn a 10,000 dong note into a 1 dong note, and US$1 would equal about around 2 dong. To give an idea of the change, notes currently in circulation would convert as follows:

500 = 0.05
1,000 = 0.10
2,000 = 0.20
5,000 = 0.50
10,000 = 1
20,000 = 2
50,000 = 5
100,000 = 10
200,000 = 20
500,000 = 50

The new dong would pave the way for a reintroduction of coins (not counting the rare coins currently in circulation). If Vietnam plans to go cashless by 2020, then maybe coins will be redundant. But at least the option would be there.

A re-denomination would have positive effects such as becoming a currency that is taken seriously. Large projects would be quoted in dong instead of US dollars, as Thailand quotes in baht for its big projects. And eventually you might be able to exchange your leftover dong at exchange booths around the world, which most places won’t deal with.

If Vietnam is to maintain its economic success, and aspire to being ASEAN’s “Silicon Valley”, it is time to consider re-denominating the dong.

Posted by sheldon > 2017-10-30 09:13 | Report Abuse

Public bank results was v good yet the price movement did not match

Posted by Jonathan Keung > 2017-10-31 11:18 | Report Abuse

PBB Board need to declare bonus to stimulate the shares

Posted by masterus > 2017-11-01 07:07 | Report Abuse

Brent now at $60.90/barrel.

Posted by bursaman > 2017-11-01 11:23 | Report Abuse

Switching all my Maybank and PublicBank into Petronm, hehe

Posted by LeeFoundation > 2017-11-12 22:13 | Report Abuse

Ooi Teik Bee According to the chart I checked.

Bought Petdag on 1/1/2007 at 3.43.
Price on 30/12/2013 at 28.54.
You must make a lot of money.

Bought Petdag on 1/1/2014 at 28.54.
Price on 10/11/2017 at 21.60.
You must lose a lot of money.

If you believe very strongly on Petdag, Petdag is on strong down trending now, please buy more at 21.60 now.

I need to correct my earlier statement, the price of Hengyuan will overtake the price of Petdag in 2019, definitely not 5 years.

Thank you.
Ooi
12/11/2017 15:58

Pls note Petronm will fly together with HY too

Posted by banyakaya > 2017-11-13 13:18 | Report Abuse

good fundametal

Posted by loaded > 2017-11-20 09:24 | Report Abuse

http://www.klsescreener.com/v2/news/view/308551

Posted by masterus > 2017-11-20 13:20 | Report Abuse

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CORPORATE
FROM THE EDGE
Rate hike to come on the back of a stronger ringgit
Supriya Surendran & Chester Tay
/
The Edge Financial Daily

November 20, 2017 10:38 am +08

This article first appeared in The Edge Financial Daily, on November 20, 2017.

-A+A
KUALA LUMPUR: The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.000 to the US dollar in the next 12 months.

The local currency has strengthened 7.4% year to date against the US dollar — the second best-performing currency in Southeast Asia after the baht which gained 8.4% in the same period according to Bloomberg data. The ringgit closed at a fresh one-year high of 4.1610 to the greenback last Friday.

Barclays plc senior regional economist Rahul Bajoria is one of the few economists who predict the ringgit could hit the 4.000 to 3.950 mark, premised on stronger economic growth, international reserves and current account balances.

“We think the ringgit remains attractive and should continue to appreciate in the next 12 months. We like the currency based on [the country’s] strong economic growth, improving reserves and current account balances,” he told The Edge Financial Daily via email.

Deutsche Bank head of Asia macro strategy Sameer Goel pointed out that Malaysia’s balance of payments is sensitive to interest rate differentials, and it would be important to see the basis between global rates and those in Malaysia.

“We expect the same to narrow, as the US Federal Reserve is likely to hike rates in December and another three times in 2018. That said, the ringgit is cheap on the average of our valuation models, and so any likely fallout on the currency should be limited,” he explained.

Posted by leslieroycarter > 2017-12-01 15:45 | Report Abuse

EPF is buying more with the slump.....

Posted by masterus > 2017-12-04 14:13 | Report Abuse

Will ringgit break 4.00 against USD and 3.00 against SGD?

Posted by masterus > 2017-12-06 09:26 | Report Abuse

Psiptek and London biscuit cheap to buy.

Posted by masterus > 2017-12-06 15:04 | Report Abuse

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BERITA | BISNES
Eksport Malaysia dijangka berkembang 17.9 peratus pada Oktober - RAM
Diterbitkan pada Disember 06, 2017 08:31 MYT

Eksport Malaysia dijangka berkembang 17.9 peratus pada Oktober - RAM
Pertumbuhan import dijangka meningkat 20.2 peratus memandangkan hubung kaitnya yang kukuh sebagai faktor input utama bagi barangan dieksport dalam keadaan hubungan baik Malaysia dengan rantaian nilai global. - Gambar hiasan
KUALA LUMPUR: Eksport Malaysia dijangka mengekalkan momentum pertumbuhan dua digit berbanding tahun pada Oktober 2017, peningkatan pada kadar pantas 17.9 peratus, menurut RAM Ratings Services Bhd.

Dalam kenyataan hari ini, agensi penarafan itu berkata, sebahagian besarnya berasaskan jangkaan pemulihan pertumbuhan eksport ke Singapura dan Jepun, serta peningkatan kesan asas yang rendah pada Oktober tahun lepas.

Eksport bahan api mineral dijangka menyokong pertumbuhan eksport keseluruhan bagi beberapa bulan akan datang, menurutnya.

"Ini didorong oleh harga minyak mentah Brent yang kukuh secara ketara sejak September, yang sewajarnya mendorong harga eksport purata lebih tinggi, dan, seterusnya, pertumbuhan nominal eksport bahan api mineral," menurut agensi penarafan itu.

Mengenai pertumbuhan import, ia dijangka meningkat 20.2 peratus berbanding tahun pada Oktober, memandangkan hubung kaitnya yang kukuh sebagai faktor input utama bagi barangan dieksport dalam keadaan hubungan baik Malaysia dengan rantaian nilai global, menurut RAM Ratings.

Posted by masterus > 2017-12-06 15:14 | Report Abuse

KUALA LUMPUR: AMMB Holdings Bhd (AmBank Group) believes the normalisation rate for the country’s key Overnight Policy Rate (OPR) is around 3.50 per cent.

This suggests that there could be two interest rate hikes between next year and 2019, according to AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir. Sulaiman said the first hike could possibly be introduced by Bank Negara Malaysia in the first quarter of 2018 and second either in the second half of next year or first half of 2019.

Posted by Heng Leong Chan > 2017-12-08 10:14 | Report Abuse

Time to invest again in PBB slowly....