Posted by tkl88 > 2020-11-03 09:02 |

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Posted by tkl88 > 2020-11-03 18:13 | Report Abuse

Wow, oil price continue to spike up !
As at 6.10pm,
Nymex at => $38.25 (+1.44) (+3.91 percent)
Brent at => $40.36 (+1.39) (+3.57 percent)

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-04 06:58 | Report Abuse

Wow, Dow Jones continue to spike up !
Dow Jones closed at=> 27,480.03 (+554.98) (+2.06 percent) !
World stocks super bull market is coming !

Posted by tkl88 > 2020-11-04 12:40 | Report Abuse

Latest US election update !
As at 12.25pm,
Joe Biden already have 209 votes leading Donald Trump's 118 votes by 91 votes,
Joe Biden just need only another 61 votes then will won the US election !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-05 10:19 |

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Posted by tkl88 > 2020-11-06 14:48 |

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Posted by tkl88 > 2020-11-08 02:37 | Report Abuse

Superb good news !

Biden Wins Presidency, Ending Four Tumultuous Years Under Trump
https://www.google.com.my/amp/s/www.nytimes.com/2020/11/07/us/politics/biden-election.amp.html

By Jonathan Martin and Alexander Burns
* Nov. 7, 2020
Updated 12:48 p.m. ET

Joseph R. Biden Jr. achieved victory offering a message of healing and unity. He will return to Washington facing a daunting set of crises.

Joseph Robinette Biden Jr. was elected the 46th president of the United States on Saturday, promising to restore political normalcy and a spirit of national unity to confront raging health and economic crises, and making Donald J. Trump a one-term president after four years of tumult in the White House.
Mr. Biden’s victory amounted to a repudiation of Mr. Trump by millions of voters exhausted with his divisive conduct and chaotic administration, and was delivered by an unlikely alliance of women, people of color, old and young voters and a sliver of disaffected Republicans. Mr. Trump is only the third elected president since World War II to lose re-election, and the first in more than a quarter-century.
The result also provided a history-making moment for Mr. Biden’s running mate, Senator Kamala Harris of California, who will become the first woman to serve as vice president.
With his triumph, Mr. Biden, who turns 78 later this month, fulfilled his decades-long ambition in his third bid for the White House, becoming the oldest person elected president. A pillar of Washington who was first elected amid the Watergate scandal, and who prefers political consensus over combat, Mr. Biden will lead a nation and a Democratic Party that have become far more ideological since his arrival in the capital in 1973.

Posted by tkl88 > 2020-11-08 03:16 | Report Abuse

Like that next Monday onwards world stock markets including our KLSE will spike up like mad already !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-09 14:24 | Report Abuse

President Biden is favours to world trade !
World economy will start booming from today onwards !
And asian stock markets including KLSE will be in bull market from today onwards !

Posted by tkl88 > 2020-11-09 14:24 | Report Abuse

As at 2.10pm,
Hang Seng : 26,095.46 (+382.49) (+1.49 %)
Shanghai composite: 3,380.38 (+68.23) (+2.06 %)
Nikkei : 24,912.31 (+587.08) (+1.41 %)
Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %)
Korea Kopsi : 2,449.96 (+33.46) (+1.38 %)
Singapore STI : 2,611.34 (+32.66) (+1.27 %)

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-09 22:36 | Report Abuse

Wow, oil price spike up like mad !
As at 9.50pm,
Nymex at => $40.67 (+3.53) (+9.50 percent)
Brent at => $42.77 (+3.32) (+8.42 percent)

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-09 23:14 | Report Abuse

Oil Jumps by Most Since June on Covid Vaccine Progress
Alex Longley and Matthew Martin
Mon, November 9, 2020, 9:54 PM GMT+8·2 min
https://finance.yahoo.com/news/oil-climbs-biden-win-spurring-105416567.html

(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.

Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.

Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.

A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”

Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.

The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.

Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.

Posted by tkl88 > 2020-11-10 00:45 | Report Abuse

Walaoeh, Dow Jones spike up to sky high !
As at 12.05am,
Dow Jones at=> 29,425.57 (+1,102.17) (+3.89 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-11 08:02 | Report Abuse

Walaoeh, Dow Jones continue it’s bull run !
Dow Jones closed at=> 29,420.92 (+262.95) (+0.90 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-11 16:27 |

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Posted by tkl88 > 2020-11-11 19:14 | Report Abuse

Oil price continue to spike up like mad !
As at 7.02pm,
Nymex=> $42.89 (+1.53) (+3.70 %)
Brent => $45.16 ‪(+1.55) (+3.55 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬

Posted by tkl88 > 2020-11-13 17:18 |

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Posted by tkl88 > 2020-11-17 07:38 | Report Abuse

Dow Jones continue to spike up like mad !
Dow Jones closed at=>29,950.44 (+470.63) (+1.60 percent)
Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-20 06:52 | Report Abuse

Malaysia in deal with China for Covid-19 vaccine development
PUBLISHED : 18 NOV 2020 AT 19:40
WRITER: REUTERS

https://www.bangkokpost.com/world/2021843/malaysia-in-deal-with-china-for-covid-19-vaccine-development

KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.

Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement.
Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.

Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.

"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.

Posted by tkl88 > 2020-11-20 08:28 | Report Abuse

Khairy: Malaysia to pay RM94mil upfront for vaccine under Covax plan

* NATION
* Thursday, 19 Nov 2020 
10:53 AM MYT By MARTIN CARVALHO, RAHIMY RAHIM and TARRENCE TAN

Posted by tkl88 > 2020-11-20 08:28 | Report Abuse

https://www.thestar.com.my/news/nation/2020/11/19/khairy-malaysia-to-pay-upfront-rm94mil-for-vaccine-under-covax-plan

Posted by tkl88 > 2020-11-23 09:51 |

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Posted by tkl88 > 2020-11-23 10:05 |

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Posted by tkl88 > 2020-11-25 06:45 | Report Abuse

Wow, oil price continue to spike up like mad !
As at 1.25am,
Nymex=> $44.95 ‪(+1.89) (+4.39 percent )‬
Brent=> $47.77 ‪ (+1.73) (+3.76 percent)‬

Posted by tkl88 > 2020-11-25 07:29 | Report Abuse

Walaoeh, Dow Jones continue it’s bull run !‬
Dow Jones closed at=> 30,046.24 (+454.97) (+1.54 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-26 20:27 | Report Abuse

Budget 2021 approved by Dewan Rakyat

Ahmad Naqib Idris/theedgemarkets.com
November 26, 2020 15:32 pm +08
https://www.theedgemarkets.com/article/budget-2021-approved-dewan-rakyat

Posted by tkl88 > 2020-11-26 20:27 | Report Abuse

KUALA LUMPUR (Nov 26): After a heated session during Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz’s wrapping-up speech on Budget 2021, the bill was approved at the policy stage.
Towards the end of the session, Dewan Rakyat Speaker Datuk Azhar Azizan Harun asked for a show of hands of those for and against the budget, and decided that there were more Members of Parliament (MPs) who agreed with the budget, although Pokok Sena MP Datuk Mahfuz Omar interjected and motioned for a tally of the votes.
However, this required 15 MPs to support the call for a tally. Only 13 stood up in support of the tally, according to the Speaker.
“There are fewer than 15 people [supporting the call for a tally]. There are more voices [in agreement with the budget]. The bill will see its second reading now,” he said.
The wrap-up by the minister was a heated one as ruling and opposition MPs furiously interjected for clarifications of certain issues, including the expansion of the Employees Provident Fund's (EPF) i-Sinar facility to include those receiving pay cuts due to the Covid-19 pandemic.
Subang MP Wong Chen claimed that the EPF’s inflows amount to no more than RM20 billion per year, and therefore could not cover the total increased allocation of RM70 billion for the i-Sinar facility.
“Where is the EPF going to find the extra RM50 billion? Are they going to sell their shareholdings in listed companies on Bursa Malaysia? If this hits the headlines tomorrow, we will have a big problem,” he said.
However, Tengku Zafrul clarified that the EPF is seeing inflows of RM80 billion per year, adding that the Ministry of Finance (MoF) had looked into the matter.
“I would like to correct the facts. We conducted a detailed analysis of this for over a week. Actually, the inflows are not RM20 billion, RM30 billion or RM40 billion. It is RM80 billion per year,” responded the minister.
Following that, Wong pointed out that withdrawals by contributors, amounting to RM40 billion to RM50 billion per year, had to be taken into account as well — before his microphone was muted by the Speaker.
The session quickly devolved into a shouting match among the MPs, which resulted in intermittent muting of the MPs’ microphones by a visibly irritated Speaker.
“This is embarrassing behaviour. We are debating on the budget and this is how we are behaving? The rakyat are watching all of us here!” he said.
Other points mentioned during Tengku Zafrul's speech included a reduction in allocation for the Special Affairs Department (JASA) to make way for increases in other allocations, although he did not elaborate.
On the various proposals for a further extension of the loan moratorium, he said all who are eligible — whether they are in the B40, M40 or T20 category — will be able to request for various forms of assistance, which also include reducing or rescheduling loan repayments, from their respective banks.

Posted by Survivor13 > 2020-11-27 08:19 | Report Abuse

yes, budget approved.
https://www.mida.gov.my/home/10743/news/white-paper-on-ironsteel-sector-to-be-ready-by-year-end-says-azmin/

mycron was named in the white paper. Its time to pick up mycron. go go go.

Posted by tkl88 > 2020-11-30 09:11 |

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Posted by Patron > 2020-12-20 11:18 | Report Abuse

Venfx is with O

Posted by Kimly2 > 2020-12-20 18:24 | Report Abuse

VenFx Came here promoting Umza!!
haha.. current 0.60 still need time to recover his UMZA 0.92
Buy low sell high,
not buy high keep to low, dude

Posted by tkl88 > 2020-12-26 08:24 | Report Abuse

Next week is the windows dressing, will be the super bull market for KLSE !

Huat ah ! Heng ah ! Ong ah !

Posted by teohyk > 2020-12-28 14:29 | Report Abuse

Not windows dressing. Malaysia government really protect local steel maker by imposing provisional anti-dumping duties on other countries.
either cold steel, cold stainless steel and flat steel

Posted by yiqqre > 2020-12-28 15:02 | Report Abuse

两发 LEONFB – 长期遭低估的钢铁股
LEONFB创办于1972年，在2013年上市于大马主要板，主要从事钢铁产品贸易和加工业务，专注于轧制钢 (Rolled Steel) 和扁钢 (Flat Steel) 产品。
其主要贸易产品为碳钢 (Carbon Steel)，尤其是低碳钢 (Mild Steel)、不锈钢和合金钢。作为增值业务的一部分，集团也提供切割、整平、剪切、仿形、弯折和加工钢铁产品的服务，以满足不同行业客户和各种应用需求。
值得一提，这一行业也有一定的入行障碍，尤其是在购买机械和设立仓库方面。这需要动用庞大资金，而不是一般厂商愿意进行这样的投资。因此，其客户相对地更愿意交由LEONFB承担加工工作，以省去上述投资所附带的风险。
其使用的主要原料包括碳钢 (80%)、不锈钢及合金钢。其中约60%的原料采购来自本地制造商或供应商，其余则从海外供应商直接采购。
作为钢铁生产商和最终用户之间的中介，钢铁领域的低迷并未严重影响LEONFB的业务。自2013年上市以来，无论市况好或坏，集团每年都可创造稳定的收入，显示出业务稳定性非常高。
再次强调，LEONFB的商业模式与一般钢铁业者不同。集团在赚幅、库存和资本开销等方面皆比其他钢铁制造商不同。因此，钢铁价格波动并不会对集团构成显著的影响，而且还可选择将提高的成本转嫁至客户身上。在此商业模式为前提下，LEONFB在面对市场低潮时的抵御能力更佳，更有可能保持盈利。
展望未来，LEONFB在多年前已定制三管齐下的策略，目标是为了提升产能、提高效率以及扩大收入来源。其一，在巴生港自由区兴建新仓库。这项建设工程已在FY16完成并已投入运作。这新仓库的净可用存储空间大约为95,000平方英尺。
随着新仓库开始使用，LEONFB正式踏出探索出口市场的第一步。其仓库有一部分仓储空间预留给从国外进口的货物，并可转手出口到东南亚其他国家。此外，这仓库也可为集团节省不必要的进口关税。简短来说，这是集团扩大钢铁贸易业务的计划之一。
其二，把 Wisma Leon Fuat正对面的现有建筑物进行翻修工程。这新的加工厂拥有大约60,000平方英尺的实用空间。同时，集团也在这厂房安装上新的CNC切割机，也把现有的切割机搬迁至新厂。过去两年，LEONFB在这项计划上一共投入RM9m的资本开销。这加工厂预计可把现有产能翻倍，而集团在往后也将有较好的加工流程。
其三，进军钢管 (Steel Pipe) 制造行业，而生产设施将安装在巴生港的新厂房。由于LEONFB一直以来都是钢卷和其他钢铁产品的采购商，集团可利用这流程，顺势把业务多样化至这些钢铁原料生产的最终产品。
在FY17和FY18，LEONFB将拨出共RM50m的资本开销，作为建设钢管制造厂及添购器材的资金。由于建筑师仍在拟定钢管制造厂的蓝图，现阶段未敲定新厂房将设有多少条生产线。
这新厂房预计将在明年下半年竣工，但是预计不会立即为集团带来贡献。无论如何，多元化业务至下游领域，是LEONFB维持盈利赚幅和提高持续性盈利的策略之一。管理层预计钢管制造将成为集团的第三核心业务，是未来核心收入来源之一。
业绩方面，LEONFB在今年首三个季度已交出RM31m的核心盈利。假设全年可交出RM42m的盈利，以310m股数计算，其每股盈利将会是13.55仙。再以保守8-10倍PE推算，其每股潜在价值处于RM1.08-1.35之间，相等于20-50%的潜在上涨空间。
值得一提，LEONFB的每股净资产 (NTA) 为RM0.99

Posted by STEADYBOMBIBI85 > 2020-12-29 00:16 | Report Abuse

Some earned 500k in one day

Posted by winghuat > 2020-12-29 00:38 | Report Abuse

吉隆坡28日讯）国际贸工部（MITI）周一宣布，大马将对从印尼和越南进口的冷轧钢卷和薄板征收7.73%至34.82%的临时反倾销税。市场认为，政府上周开始向外国各类钢材征收反倾销税，对本地钢铁业有利，钢铁股也因此受投资者追捧。

上述临时反倾销税长达120天，从上周六（26日）起生效。贸工部早在本月23日向中国、韩国及越南征收镀锌非合金钢板和钢卷的反倾销税，为期5年，从12月12日开始生效，直至2025年12月11日。

值得一提的是，越南同样也在23日向对中国部份钢铁产品征收为期5年的反倾销税。

中澳摩擦带动钢铁价

另一边厢，中国与澳洲政治摩擦升温，并把紧张氛围带到贸易方面，中国更限制进口澳洲煤炭，其中包括用于炼钢的原料--焦煤，而市场也担忧中国将把进口限制扩大至铁矿石，刺激钢铁价格在近期走高。

截至下午5点，上海期货交易所钢筋价格报每公吨4223人民币，自10月起已上涨约16.88%；而大连期货交易所铁矿石价格则报每公吨1093人民币，在同时段上涨约13.79%

随著政府出手保护本地钢铁业，投资者相信钢铁业者的前景将改善，这令钢铁股周一重拾上升动力。

其中，美丽华工业（MELEWAR，3778，主板工业股）涨25仙或74.63%，至58.5仙，为2016年11月以来的新高水平，成交量达1亿5120万股，是第7大热门股，同时也是第11大上升股。马钢铁厂（MASTEEL，5098，主板工业股）则起18.5仙或34.58%，收报72仙，转手量达1亿3561万股，在热门榜位居第10，并在上升榜排名第17。

协德（HIAPTEK，5072，主板工业股）升2.5仙或5.49%，以48仙挂收，交易量达1亿3318万股，在热门榜排名第11；金狮工业（LIONIND，4235，主板工业股）全天涨11仙或17.46%，至74仙，写下2018年10月以来的最高价位，成交量达1亿2592万股，为第12大热门股；麦克伦钢铁（MYCRON，5087，主板工业股）则全天涨24.5仙或52.69%，为第12大上升股。