the war in Iraq is igniting fear in the market sentiment...I am afraid even the news is out..it will continue to drop..investors are most nervous when they hear unrest
Yeah, Al-Qaeda linked militants taken over oil-rich Nineveh province in the North. Militants likely armed by Syria's Pres Hafiz Assad although he has no official Al-Qaeda link. It's dog-eat-dog out there with shifting loyalties according to self-interest, not ideology. The US installed Iraqi govt too weak. US will have to fight or withdraw like in Vietnam. Drones not enough. But I don't think it will affect Malaysia. World economy (and Malaysia's) depends now on China economy and it is steadily re-balancing and growing at fast cruising speed of 7.5% per year.
China is appalled that the US is fighting itself to economic death in war after war and one quagmire after another. The message that China is sending, even with its activities in SCS and ECS is 'DON'T'. We all need US to succeed economically or suffer a period (say 5 years?) of economic turmoil. But somehow, it's too gung ho with its very expensive and increasingly even more expensive military. The US may have to do this to satisfy the financial interest of its military-industrial complex that Eisenhower warned about in his farewell speech in 1962! Just my 3 sens worth.
@crawler. No because too much oil and gas. The fracking revolution has unleashed shale O&G reserves many times the current world reserves in sand-stone reservoirs (which by itself is increasing every year with the discovery in deep and ultra deep-sea basins). The US itself is now the world's leading producer of O&G and net crude oil exporter. With Russia's USD400B gas deal with China, the the O&G in the whole of Siberia and Russian Far East up to the Artic Ocean (a continental sized area) is now open for exploitation and export. The world is facing a huge glut of O&G within 3 years! I expect crude oil to collapse to about USD60 per barrel or thereabouts.
with this escalation of tension in middle-east...they control almost 60% of the world oil output...disruption will cause a massive hike of price per barrel...look at the previous case on just Libya alone!
Next support level is 1.65. Get ready to average down. No not scary, but good news for all developing countries because of cheaper O&G. Also for those countries who have hedged against the USD. SEA, the BRICS & Africa are potential US sized economies that can be realised in about 10 years. China is actively developing these and at the same time will not allow a catastrophic collapse of the US economy as it showed in 2008.
worse come to worse if really drop to 1.50 just hold the share and wait it up again. Hope next Tuesday and Wednesday the good show coming again and we all happy.
No hope already. How hard we cheer, also come down Better watch and cheer on the world cup . Come back and check the price after the world cup final. Maybe it suddenly appear at 2.50
yesterday match between spain and holland is the best match i watch . Similar to the last world cup final that this 2 team met. This time holland beat spain , 5 goals to 1 goal.
So, don';t worry about kps. It still a strong fundamental company. It won;t go to ho-land. Be happy, Lets enjoy the world cup.
sometime we regret we sold out earlier when the ferrari is still in the 2nd gear. After that we bang-in again hopefully it will go up again. Sometimes this is the mistake we make during investment. Sold out too early when the party is just started.
this wayang kulit show good, i like very much...if go up is good for everybody, if drop down 1.5, i am waiting to top up again. come come, ball is round, go go go...
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Wiwangwang
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Posted by Wiwangwang > 2014-06-13 15:39 | Report Abuse
dont sell .. mr market try to scare u all ... hold ... director dispose little share only .. dont worry .. it will up later ... kps up up up ar...