Posted by kl_guy > 2020-10-23 21:31 | Report Abuse

nononsense , desperately promoting glove counter, when glove counter in downtrend. How good FA analysis also glove in downtrend in short term. Chart never lies . There are still room to go down till next resistance level.

Posted by Foker > 2020-10-23 21:59 |

Post removed.Why?

Posted by Foker > 2020-10-23 22:02 | Report Abuse

Alot of people look at charts, conduct TA analysis, pat themselves on the back that they guess the price movement right 3 out of 10 times. And say chart works really well. Meanwhile, there is the astrologer who look at the sky and constellations, he predicts world event outcomes every year. He gets them right 3 times out of 10 times, and pats on his back and says : The stars never lies.

Posted by DonWorryBeHappy > 2020-10-24 19:06 | Report Abuse

Manage to sell last week at 16, really pleased alrd, now still not time to buy blue chip

Posted by mf > 2020-10-24 22:00 | Report Abuse

bursa panic sell

Posted by NoNonsenseHere > 2020-10-25 17:10 | Report Abuse

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Vaccines not working, hotels bankrupt, airlines bankrupt, construction companies bankrupt, travel agencies selling fish now, universities begging for students, banks cannot lend.

Meanwhile the only stocks thriving on Bursa are Gloves with BILLIONS of ringgit of PROFITS because of great companies like Supermax and Top Glove.

Phenomenal.

Posted by Sharefisher > 2020-10-26 08:48 | Report Abuse

Glove kaki goyang.....

Posted by Keyman188 > 2020-10-26 08:49 | Report Abuse

Whoever chase in market today sure axe your neck after 15 min...

Today very high possibility heading Black Candlestick Pattern....

Posted by davors > 2020-10-26 16:47 | Report Abuse

i am thinking will budget2020 revive moratorium? and the impact on bank/finance sector...

Posted by NoNonsenseHere > 2020-10-27 19:19 | Report Abuse

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Whenever a company like Supermax overperform, companies like The Star won't report it straight away.
The Star won't write anything yet, because they want to buy Supermax themselves.

When a company like Harta underperform, The Star will write big news about Harta because they want to sell Hartalega.
https://www.thestar.com.my/business/business-news/2020/10/27/hartalega039s-strong-earnings-boost-klci

You see when Harta results came out, The Star straight away reported good news about them even though Harta's profits are terrible.

When Supermax spectacular results released, they keep quiet. Because they need time to pick up Supermax.

Posted by Sharefisher > 2020-10-27 20:40 | Report Abuse

Glove kaki shaking...

Posted by xing > 2020-10-28 11:32 | Report Abuse

Another 25 bps OPR cut likely at next MPC meeting

Posted by DonWorryBeHappy > 2020-10-29 01:36 | Report Abuse

Does it look like recovery theme play now? If yes then can all in, if not then what to buy?

Posted by masterus > 2020-10-29 06:36 | Report Abuse

Taiwan Dollar Tops Nine-Year High as Policymakers Allow Appreciation

Posted by davors > 2020-10-29 07:51 | Report Abuse

OPR maybe slash further by bank negara after next meeting on 3rd Nov....

Posted by masterus > 2020-10-29 19:27 | Report Abuse

BRUSSELS — France announced a second nationwide lockdown and Germany moved to the very edge of one on Wednesday, testing their pandemic-weary populations as they tried to stop a mounting new wave of coronavirus infections from swamping hospitals and undoing hopes of economic recovery.

The new measures followed on the heels of severe new restrictions in other European countries, from Belgium to Italy to the Czech Republic. While they mostly fell short of the total lockdowns of the spring — a “lockdown lite,” the Germans called it — they raised the specter of a dark winter of relative confinement, leaving leaders in Paris and Berlin pleading with their frustrated publics to follow the new rules.

Posted by masterus > 2020-10-29 19:30 | Report Abuse

LONDON: Coronavirus cases in England are now doubling every nine days, official figures showed Thursday, with the sharply increasing death toll piling pressure on the government to take national action.

Another 310 deaths of those testing positive for the virus were reported Wednesday – the second consecutive day of more than 300 fatalities.

Posted by davors > 2020-10-30 10:39 | Report Abuse

take consideration of the potential impact from MORATORIUM and OPR CUT

Posted by zhen wei & JP > 2020-10-30 16:03 | Report Abuse

Jp throw first.

zhenwei

Posted by kens88 > 2020-10-30 16:08 | Report Abuse

habis pbbank pn17

Posted by Slc1 > 2020-10-30 16:22 | Report Abuse

Oh really! In your dream.

Posted by DonWorryBeHappy > 2020-10-30 18:27 | Report Abuse

Still not time to buy in yet,

Posted by NoNonsenseHere > 2020-10-30 18:33 | Report Abuse

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Supermax, the power of RM800 million profit.

CIMB Bank Market Cap = RM29 billion
CIMB profit = RM272 million

Supermax Market Cap = RM26 billion
Supermax profit = RM800 million

Next quarter Supermax expected to do RM1.2+ billion PAT

Posted by SharkEatU > 2020-10-30 18:38 | Report Abuse

Just wait RM10

Posted by frankco > 2020-10-30 23:31 | Report Abuse

rate cut again on November wait for RM 12

Posted by abcd123 > 2020-10-31 17:01 | Report Abuse

what is your opinion comparing currently situation with 2008/9 financial crisis ? TQ

Posted by mf > 2020-11-01 02:03 |

Post removed.Why?

Posted by tkl88 > 2020-11-01 14:28 | Report Abuse

Covid-19: Malaysia reports 659 new cases, 80.3% from Sabah; daily recoveries hit record 1,000

Ahmad Naqib Idris/theedgemarkets.com
October 31, 2020 18:15 pm +08

https://www.theedgemarkets.com/article/covid19-malaysia-reports-659-new-cases-today-803-or-529-sabah-recoveries-hit-new-daily-high

Posted by tkl88 > 2020-11-01 14:28 | Report Abuse

KUALA LUMPUR (Oct 31): Malaysia reported 659 new Covid-19 infections today, 80.3% or 529 of which came from the worst-hit state of Sabah, while the Klang Valley contributed 10.6% or 70 cases. This raised the country's cumulative positive cases to 31,548, according to the Ministry of Health (MoH).
The number of recoveries hit 1,000 today — the country's highest so far in a day — as recoveries exceeded new infections for the second day in the past four days; on Thursday, recoveries came in at 685 versus 649 new infections.
This means a total of 21,248 patients have recovered so far, yielding a recovery rate of 67.4% of total confirmed cases.
As for active cases, which carry transmission risk, the tally is now down to 10,051 from 10,392 yesterday.
The death toll, meanwhile, remained at 249 or 0.8% of total infections, with no new additions.
No new infection clusters were reported today, according to the MoH. This means the number of active clusters remains at 33, while 114 clusters have ended.
In Sabah, 205 cases originated from existing clusters, while 203 cases were discovered via contact tracing and 121 infections were discovered from other Covid-19 screening tests.


Selangor saw 55 new cases, 18 of which came from existing clusters, followed by 22 from contact tracing, and 15 from other Covid-19 tests.
Labuan and Kuala Lumpur saw 12 and 11 cases respectively, followed by Sarawak (nine cases), Perak (six), Putrajaya (four), Kedah (two), Pulau Pinang (two), Terengganu (two), Pahang (one) and Kelantan (one).
Meanwhile, 137 cases or 20.8% of total infections today were linked to the prison clusters and temporary detention centres, namely the Kepayan cluster (26 cases) and the Rumah Merah cluster (111 cases).
Of the 659 cases reported today, one was an imported infection involving a foreigner who travelled from Bangladesh.

Declining R0
During the question and answer (Q&A) session today, MoH director-general Tan Sri Dr Noor Hisham Abdullah said Malaysia's R0, which measures the contagiousness of the virus, was brought down to 1.5 last week — from 2.2 at the start of the third wave of infections. A higher R0 translates into a higher rate of infection in the community.
For comparison, the second wave had an R0 rate of 3.55.
“Based on the projection for R0 of 1.5, daily new cases should be 1,357. If the R0 is 1.0, it should be 950 cases per day. However, we have been seeing daily cases of below 950 — at 799 yesterday and 659 today. So our R0 is currently below 1.0.
“This means that the measures that have been enforced under the CMCO (conditional movement control order) for the past two weeks — that is, by allowing economic sectors to operate while toning down social, education and sports activities — have resulted in a lower rate of infection,” he added.
Tan Choe Choe

Posted by tkl88 > 2020-11-01 14:35 | Report Abuse

Covid-19: Malaysia’s recovery on track, infectivity rate decreasing, says Health DG
* NATION
* Saturday, 31 Oct 2020 
7:00 PM MYT By TARRENCE TAN and AUSTIN CAMOENS

https://www.thestar.com.my/news/nation/2020/10/31/covid-19-malaysia-on-track-of-recovery-infectivity-rate-decreases-says-health-dg

PUTRAJAYA: Despite daily three-digit Covid-19 infection figures in the country, Health director-general Tan Sri Dr Noor Hisham Abdullah says Malaysia is on the road of recovery.
This was because the projected figures were much lower than expected, as the Health Ministry was predicting a four-digit spike of 1,357 cases on Thursday (Oct 29), based on the 1.5 infectivity rate, or known as the R nought (R0), said Dr Noor Hisham.

If the R0 level was at 1.0, Dr Noor Hisham said Malaysia would have gotten 950 cases on Oct 30 and 955 cases on Oct 31.
“But, there were only 659 cases on Oct 31. This means our R0 level is less than 1.0, ” said Dr Noor Hisham during a press conference at the Health Ministry in Putrajaya on Saturday.

“This meant that the conditional movement control order (MCO) that allows only the economic sector to function has a positive effect on reducing our R0 level to 1, ” he added.
For an R0 level of 1, it means that each Covid-19 patient will infect one other person.
Dr Noor Hisham also credited the lowered R0 level to the efforts of the Health Ministry, adding that they are now targeting to reduce the infectivity level to 0.3.
Dr Noor Hisham also urged Malaysians to play their role in ensuring SOPs are adhered to in order to curb Covid-19.

Posted by mf > 2020-11-01 14:36 | Report Abuse

KUALA LUMPUR (Oct 31): Bursa Malaysia will be in a bearish mode next week pending the Budget 2021 announcement on Friday.

An analyst said that technical analysis on the benchmark FBM KLCI has shown a three black crows pattern, which indicates a further bearish momentum.

Posted by tkl88 > 2020-11-01 14:45 | Report Abuse

Wow, Superb Good news !
Covid-19=>Malaysia’s recovery on track !
Furthermore next week is budget 2021 week and US presidential election will be over next week Wednessday !

Posted by tkl88 > 2020-11-01 14:46 | Report Abuse

So, next week start onwards will be the bull market for world stock markets including Malaysia’s KLSE !

Huat ah ! Heng ah ! Ong ah !

Posted by masterus > 2020-11-01 18:43 | Report Abuse

Prime Minister Boris Johnson has announced a second national lockdown for England to prevent a "medical and moral disaster" for the NHS.

He said Christmas may be "very different" but he hoped taking action now would mean families can gather.

Pubs, restaurants, gyms and non-essential shops will have to close for four weeks from Thursday, he said.

But unlike the restrictions in spring, schools, colleges and universities can stay open.

Posted by masterus > 2020-11-01 18:45 | Report Abuse

Austria's government announced Saturday a second mass shutdown and a curfew starting next week until the end of November, in an attempt to halt rocketing coronavirus infection numbers.

Posted by frankco > 2020-11-02 09:59 | Report Abuse

it will be a double blow to banking sector if PH's proposal to finance minister to extend loan moratorium became reality and IR is further cut this month..

Posted by kl_guy > 2020-11-02 20:13 | Report Abuse

when will pbbank q-report be out?

Posted by tollebunsmith > 2020-11-03 07:38 | Report Abuse

QR next week ( most probably) and KWSP is selling PB shares and buying Maybank. what does that mean?

Posted by masterus > 2020-11-03 07:41 | Report Abuse

KUALA LUMPUR (Nov 2): Malaysia's central bank is seen holding its key rate steady on Tuesday, according to a slim majority in a Reuters poll, amid a fresh surge in coronavirus cases and political uncertainty tied to a challenge to Prime Minister Tan Sri Muhyiddin Yassin's leadership.

Bank Negara Malaysia's (BNM) last monetary policy committee meeting for the year also comes just days before Muhyiddin's administration presents its first budget. Muhyiddin has said the budget will focus on measures to counter the economic impact of the Covid-19 pandemic.

Nine out of 17 economists polled expect Bank Negara Malaysia (BNM) to keep its overnight policy rate at a record low of 1.75%, after having already delivered 125 basis points of rate cuts this year.

Posted by masterus > 2020-11-03 11:44 | Report Abuse

The Reserve Bank has cut the official cash rate today to an all-time low of 0.10 per cent from 0.25 per cent.
This effectively takes the cash rate to near negative interest rates on Melbourne Cup day.

Posted by SamLiRainMaker > 2020-11-03 14:43 | Report Abuse

QR for Sept release soon. Buy at discounted price before miss the boat.

Posted by masterus > 2020-11-03 15:51 | Report Abuse

KUALA LUMPUR (Nov 3): Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 1.75% today as the country’s economic activity is projected to improve further and as the central bank expects the nation’s underlying inflation to remain subdued as the world economy contends with the resurgence in Covid-19 cases.

Posted by Alfonso > 2020-11-03 15:52 | Report Abuse

yalah, hebat lah banker now

Posted by williamtkb > 2020-11-03 16:04 | Report Abuse

Yahoo.... Banks happy.

Posted by NoNonsenseHere > 2020-11-03 17:38 | Report Abuse

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KLCI fell.

Public Bank fell from RM25 to RM14.84.

Maybank with its crook analysts that put out fake news so that they can collect fell from RM10 to RM6.96

Supermax holding it's ground with RM800 mil PAT.

Posted by RedEagle > 2020-11-03 21:12 | Report Abuse

AFTER two consecutive quarters of losses, Malaysia Building Society Bhd (MBSB) anticipates returning to the black in the third quarter of this year.

President and CEO Datuk Seri Ahmad Zaini Othman says MBSB expects to post a profit in the third quarter of the year ending Dec 31, 2020 (3QFY2020), for two main reasons — one, there will not be any modification loss in that quarter and, two, he expects the bank’s net operating income to be sustained as per the level of the second quarter.

“We also expect that gains from the sale of financial instruments will continue to contribute to the group’s total income,” he says in response to questions from The Edge.

The banking group, which is 65.4%-owned by the Employees Provident Fund (EPF), saw net profit rise to a five-year high of RM716.9 million in FY2019 before its fortunes turned this year, mainly because of the Covid-19 pandemic.

In 1QFY2020, the lender posted a net loss of RM73.25 million compared with a net profit of RM83.83 million in the same period a year earlier, due to higher impairment charges on loans, financing and advances. This was despite revenue rising 1.9% year on year to RM741.41 million.

Its net allowance for impairment charges almost doubled to RM291.78 million from RM153.02 million. This stemmed mainly from “property and construction financing, on the corporate side”, according to Ahmad Zaini.

And, in 2QFY2020, it made a net loss of RM121.51 million due to a hefty, one-off modification loss of RM512.61 million that arose because of the blanket loan repayment moratorium granted to customers. This was despite a 17% improvement in revenue to RM886.35 million.

Had it not been for the modification loss, the group would have been in a position of profit. The modification loss was hefty — by far the largest among the listed banking groups — due to its sizeable financing portfolio contracted at fixed-rate financing. In fact, 92% of the loss came from its fixed-rate personal financing business, which is its largest financing segment.

Going forward, Ahmad Zaini does not expect a marked rise in non-performing loans (NPLs) or provisions in 3QFY2020 as customers continued to come under the blanket moratorium until end-September, hence the status of the loans remained as “performing”.

These are not expected to rise significantly in 4QFY2020 either, he says. “We don’t think so, as our personal financing [repayments] are via a salary-deduction scheme. Maybe [some] in home loans, but that would be small.”

As at end-September, the take-up rate among customers for targeted assistance on financing is “not significant”, he says, without providing numbers.

In late August, MBSB had guided analysts that there would potentially be an additional RM30 million to RM50 million modification loss given that the moratorium would be extended beyond September for selected accounts that needed further assistance. Ahmad Zaini now says this will likely come in much lower as applications for such assistance has been lower than expected.

Asked if the worst is behind the group, Ahmad Zaini says it all depends on how long the current third wave of the coronavirus pandemic and the ensuing partial lockdowns last.

“If at all, [the stress] is going to be on the corporate property financing side. We need to see how property sales are, moving forward. If the developers have trouble selling their properties, that could be a problem for us. [The impact of] that will probably be reflected in our second quarter of next year … because banks can still continue to provide R&R (restructuring and rescheduling of loan repayments) to troubled SMEs (small and medium enterprises) and corporates, without having to categorise them as non-performing, until June next year,” he says.

As at end-June, MBSB’s gross impaired loan (GIL) ratio stood at 6.08%, while that of its banking unit MBSB Bank stood at 3.28%. “We expect GIL to improve by year-end, with our collection efforts,” Ahmad Zaini says.

CEO’s last term
According to sources, these are expected to be Ahmad Zaini’s final months as MBSB president and CEO, as he will be leaving once his current two-year contract comes to an end in February next year. He, however, declines to comment when asked about it.

Sources say that MBSB’s long-time chairman, Tan Sri Abdul Halim Ali, 77, will also be leaving upon the end of his term in February next year. Abdul Halim has been chairman since June 2001.

Ahmad Zaini, 63, has been in the lender’s driving seat for over 11 years. He was appointed to the role on Feb 26, 2009.

In early 2018, MBSB created deputy CEO roles for the purpose of succession planning. It appointed Datuk Nor Azam M Taib as deputy CEO of business and Risham Akashah Kamaruzaman as deputy CEO of operations.

It remains to be seen if one of them will eventually take on the CEO role as the EPF, the bank’s controlling shareholder, could also consider an external appointment.

Posted by tkl88 > 2020-11-04 07:12 | Report Abuse

Wow, Dow Jones continue to spike up !
Dow Jones closed at=> 27,480.03 (+554.98) (+2.06%) !

World stocks super bull market is coming !

Posted by masterus > 2020-11-04 08:38 | Report Abuse

UAE's vice president receives COVID-19 vaccine

Posted by masterus > 2020-11-04 09:04 | Report Abuse

Dalio Says Yuan Will Be a Reserve Currency Faster Than Expected
November 2nd, 2020, 6:52 PM GMT+0800

Posted by SamLiRainMaker > 2020-11-04 14:20 | Report Abuse

TP RM18.90