Smart fund money swallowing up whatever you give at 0.80 because as explained in my last post taking the dividend gives them a much better returns.And in my 2centsense opinion, LCTH has very smart people managing it because they may have foressen the RM depreciation and decided to invest their capex for the future where their sales are traded in US dollars. Some called it luck, others foresight. A star is borned.Be bewitched!
Ringgit at 4.37 against USD Publish date: Fri, 13 Nov 2015, 10:40 AM KUALA LUMPUR: The ringgit was lower in the early session today on weaker demand for the local note ahead of the release of Malaysia's third quarter gross domestic product data.
At 9.27am, the ringgit was quoted at 4.3710/3810 against the US dollar from the 4.3600/3700 recorded yesterday.
A dealer said trading in the early session was clouded by cautious sentiment as traders awaited the release of the economic data.
Meanwhile, the local note also traded lower against other major currencies. -BERNAMA
AS AT SEPTEMBER 2015, APPROXIMATELY 99% OF RM22.7 MILLION TRADE RECEIVABLE WAS DENOMINATED IN USD. REVENUE 99% WAS EXPORT.
WEAKENING IN RM IS BENEFITING LCTH FOR THIS FINANCIAL YEAR.
What else is there to say? The rise and rise of LCTH speaks for itself. Congrats to all LCTH faihfuls; you will be tested again but this time with a sweet smile on your face.
Mark Mobius: No doomsday scenario for emerging markets
The MSCI Emerging Markets index is down 13% year to date as fears about a Chinese economic slowdown on top of an imminent Federal Reserve rate hike batter investors’ confidence. But Mark Mobius of Franklin Templeton Investments downplayed widespread worries about emerging markets, noting that foreign reserves and public debt are at healthy levels while economic growth remains robust. “There are pockets of vulnerability in some countries, but by and large, we don’t see an asset-class-wide doomsday situation,” he said in a blog post on Friday. Mobius expects emerging markets to continue to drive global economic growth and stressed that they should not be ignored, given their economic impact. “It is true that emerging markets’ economic growth in general has been slower this year than perhaps it was in the past, but we don’t see systemic risk present in emerging markets,” he said.
Malaysia’s ringgit has really “bombed out” and that makes some of the nation’s stocks attractive, Mark Mobius, chairman of the emerging-markets group at Franklin Templeton Investments, said in an interview. Global funds have pulled 41.5 billion ringgit ($10 billion) from the country’s debt and equities this year amid a 16 percent slide in the ringgit. That’s the biggest in Asia and already exceeding any annual loss since the regional financial crisis. Malaysia is vulnerable to the slump in Brent crude because it’s Asia’s only major net oil exporter, with the currency’s losses exacerbated by China’s slowing economy, a broad selloff in developing nations and a political scandal involving the prime minister.
“I think it’s so undervalued now,” Mobius said in Bangkok on Wednesday, adding that he’s buying Malaysian stocks amid the currency’s plunge.
Adakah july13 .48 hingga july 24 .70 dengan vol besar , lepastu terus turun 13 hari trad berturut hinga 2 qtr diumum. @ tren akhir ni selepas naikk 3 hari harga turun balik.bezanya harga naik lepas3 qtr . Yang mana satuboleh berulang lagi.apa strategi price maker speculator nak guna?
today Gravestone Doji line has a long upper shadow and no lower shadow. It is a good indication of bullish trend reversal...!!! Is it true?? Sifu please comment yours..
Eat humble pie today. After touching 0.825, it went south to 0.80. However mood still intact as T4 contra players are winners too.. Big brother looks like taking a breather and pacing the momentum to continue its upside.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3141 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
bracoli
2,579 posts
Posted by bracoli > 2015-11-13 13:27 | Report Abuse
please continue to hol til rm1