Price down those that already exited talk rubbish, price up then you will see CharlesT talk good about Petron. I think Petron looks safer than HengYuan based on past result. Consistency is there. Heng Yuan is more of a Casino Stock, next quarter might do well or better than Petron, but Heng Yuan is always a Casino stock to me. Only for Gamler
Oil refiners are expected to enjoy good profit margins for many years to come.
The one fundamental factor that has shaped the existing industry landscape is the tight refining capacity worldwide due to the sanctions against Russia's oil production, which is likely to persist for many years.
The sanctions and supply challenges around Russia's refined products will persist even if the war is over tomorrow- most experts in the industry believe.
This scenario as mentioned above- is a big boost to oil refiners as margins/crack spread rise- and is likely to persist as long as the Europeans sanctions against Russian oil are in place.
Be extra careful investing in Bursa now as market liquidity is getting smaller..might be a good choice to stay at the sideline while limiting downside risk by investing little by little while the market reach bottom..thanks to all that shared useful market info..all the best to all of us.
KUALA LUMPUR, June 26 (Bernama): Bursa Malaysia is expected to stage an "oversold bounce” this week after the steep correction seen for the past three months, moving in the 1,450-1,480 range, a dealer said.
Going forward, Inter-Pacific Asset Management Sdn Bhd executive director and fund manager Datuk Dr Nazri Khan Adam Khan said, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was expected to rebound higher on bargain-hunting activities as traders came back into play to grab both higher and lower liners.
"I will call this an oversold bounce because the index has been oversold for the last three months, in which we were down for 10 out of 12 weeks. That is considered as extremely oversold.
"Despite that, the broader market outperformed the other regional markets, which means our correction is lower as our economic data are still resilient. Consumer spending is still strong," he told Bernama.
He also noted that Bursa Malaysia should continue its uptrend, supported by the country’s Consumer Price Index (CPI) figure, which increased 2.8 per cent year-on-year to 126.6 in May 2022 from 123.1 in May 2021.
"We are relatively better in terms of economic data, sentiment and the FBM KLCI movement because we are driven by commodity stocks that cushion our broad stock market, especially (related to) oil," he said.
Nazri added that there were plenty of opportunities to grab as the stocks were seen to be cheaper and dividend higher, coupled with a lot of catalysts to cushion against a big crash although the market was likely to see a downtrend in the medium term.
harold8990 Be extra careful investing in Bursa now as market liquidity is getting smaller..might be a good choice to stay at the sideline while limiting downside risk by investing little by little while the market reach bottom..thanks to all that shared useful market info..all the best to all of us. 1 day ago
LONDON: U.S. President Joe Biden has called on Saudi Arabia and other Gulf producers to increase their oil output to help stabilise prices, which have surged as a result of a strong rebound in consumption after the pandemic and now sanctions on Russia.
But Saudi Arabia and the other Gulf Cooperation Council (GCC) members probably do not have much spare capacity to raise output by a significant amount for more than a few months.
Previous appeals to Saudi Arabia to secure production increases and lower prices in 2008 by President George W Bush and in 2000 by President Bill Clinton were essentially fruitless; Biden is unlikely to be any more successful.
Gas prices are soaring as Western sanctions on Russian energy have cut supply of refined products and there's a growing possibility of an even bigger drop-off in Russian output. It's been worsened by operational struggles at refineries after the impact of COVID-19 and years of under-investment in the industry, said Vitol's Head of Asia and other oil products Mike Muller.
In the US, the national average for a gallon of regular gasoline is $4.81, compared with last year's $3.13, according to data from the AAA. The rise in costs is a factor ultimately driving red-hot inflation in across the country, in which inflation rose by 8.6% through May to reach its highest in 41 years.
President Joe Biden on Thursday didn't appear to be able to offer much in the way of relief for American drivers, however, saying there may be no end in sight to rising fuel costs. High gas prices will continue for "as long as it takes," to punish Russia for its invasion of Ukraine, he said.
Addressing Asia, Muller doubts that China, which is a huge exporter of refined products, will increase their export quotas in the near future meaning gas prices may stay high.
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....