KYY is not normal investor, when Latitud drop to RM5, he will start to write and say he is collecting at low...immediately then he quickly make the share price up dramatically...then you will come in again to collect his distribution at high price and finally he can unload all his holding.
friends... latitude drop from RM 8.00 to RM 5.70, but if you realistically and logically think about it.. USD VS MYR only from 4.30 to 4.07. A 30% drop vs 5% drop.
The modus operandi of KYY and gang are to collect those good small cap companies at low PE and once they accumulated over 20%, KYY and OTB will write to promote and his speculators and unscrupulous remisier will create fictitious trading volume and push up the prices. They will request to meet the major shareholders (normally the owners also the management for small cap firms) to ask them to distribute bonus, do share split and to distribute large dividend in order to help them to cheat investors. Fools will be cheated or conned by them and will join in to buy at high prices/PE. They only target small cap companies and never buy big cap companies as they know that they are not able to manipulate the volume and price of big cap companies.
we can notice such trend in Poh Huat, Lii Hen, VS and Latitud. many had been cheated by them in Poh Huat, Lii Hen and VS. luckily Latitud not yet agreed with them to manipulate its share price by declaring bonus or share split, if not more investors will be fooled by them.
Depends on MYR exchange, latitude is losing money by the day. Maybe 5.50 will not hold. Previous profits contain unrealized profits. Huge adjustments coming....
nw RM strengthened to the 4.09 mark only, wait till it breach lower than 4.0. tat time lets see how export theme play counters will perform. by the way where is KYY hiding recently?
when most of the ppl lost confidence and sell,it shld be the time to slowly accumulate. when most of the ppl hv cofidence and push up the price, it is the time big sharks unloading. no matter what , dont panic. it is a good co.
if US job data improving. US will raise the rate. And FYI, Oil hardly go back beyond USD 40 because bloody hell US SHale gas player send this message challenge Saudi Arabia. ONce oil reach USD 40, they will be back . Celaka betul...
uncle koon sell like crazy... he is a big goreng person.. say the stock very good. when the directors don't agree to come out with share split, he is stuck. then he quickly sell his shares.
Oil prices should fall, possibly hard, in coming weeks. That is because fundamentals do not support the present price.
Prices should fall to around $30 once the empty nature of an OPEC-plus-Russia production freeze is understood. A return to the grim reality of over-supply and the weakness of the world economy could push prices well into the $20s.
Saudi Arabia's Minister of Petroleum & Mineral Resources Ali Al-Naimi speaks at the annual IHS CERAWeek global energy conference Tuesday, Feb. 23, 2016, in Houston. (AP Photo/Pat Sullivan) Saudi Arabia’s Minister of Petroleum & Mineral Resources Ali Al-Naimi speaks at the annual IHS CERAWeek global energy conference Tuesday, Feb. 23, 2016, in Houston. (AP Photo/Pat Sullivan)
A Production Freeze Will Not Reduce The Supply Surplus
An OPEC-plus-Russia production cut would be a great step toward re-establishing oil-market balance. I believe that will happen later in 2016 but is not on the table today.
In late February, Saudi oil minister Ali Al-Naimi stated categorically, “There is no sense in wasting our time in seeking production cuts. That will not happen.”
Instead, Russia and Saudi Arabia have apparently agreed to a production freeze. This is meaningless theater but it helped lift oil prices 37% from just more than $26 in mid-February to almost $36 per barrel last week. That is a lot of added revenue for Saudi Arabia and Russia but it will do nothing to balance the over-supplied world oil market.
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The problem is that neither Saudi Arabia nor Russia has greatly increased production since the oil-price collapse began in 2014 (Figure 1). A freeze by those countries, therefore, will only ensure that the supply surplus will not get worse because of them. It is, moreover, doubtful that Saudi Arabia or Russia have the spare capacity to increase production much beyond present levels making the proposal of a freeze cynical rather than helpful.
Chart-US-RUSSIA-SAUDI Incremental Prod MAR 2016 Figure 1. Incremental liquids production since January 2014 by the United States plus Canada, Iraq, Saudi Arabia and Russia. Source: EIA & Labyrinth Consulting Services, Inc. (click image to enlarge)
Saudi Arabia and Russia are two of the world’s largest oil-producing countries. Yet in January 2016, Saudi liquids output was only ~110,000 bpd more than in January 2014 and Russia was actually producing ~50,000 bpd less than in January 2014. The present world production surplus is more than 2 mmbpd.
By contrast, the U.S. plus Canada are producing ~1.9 mmbpd more than in January 2014 and Iraq’s crude oil production has increased ~1.7 mmbpd. Also, Iran has potential to increase its production by as much as ~1 mmbpd during 2016. Yet, none of these countries have agreed to the production freeze. Iran, in fact, called the idea “ridiculous.”
Growing Storage Means Lower Oil Prices
U.S. crude oil stocks increased by a remarkable 10.4 mmb in the week ending February 26, the largest addition since early April 2015. That brought inventories to an astonishing 162 mmb more than the 2010-2014 average and 74 mmb above the bloated levels of 2015 (Figure 2).
Crude Oil Stocks_5-Year AVG MIN MAX 6 FEB 2016 Figure 2. U.S. crude oil stocks. Source: EIA and Labyrinth Consulting Services, Inc. (click image to enlarge)
The correlation between U.S. crude oil stocks and world oil prices is strong. Tank farms at Cushing, Oklahoma (PADD 2) and storage facilities in the Gulf Coast region (PADD 3) account for almost 70% of total U.S. storage and are critical in WTI price formation. When storage exceeds about 80% of capacity, oil prices generally fall hard. Current Cushing storage is at 91% of capacity, the Gulf Coast is at 87% and combined, they are at a whopping 88% of capacity (Figure 3).
Cushing & Gulf Coast Inventory & Utilization 6 Feb 2016 Figure 3. Cushing and Gulf Coast crude oil storage. Source: EIA and Labyrinth Consulting Services, Inc. (click image to enlarge)
Prices have fallen hard in step with growing storage throughout 2015 and early 2016. Since talk of a production freeze first surfaced, however, intoxicated investors have ignored storage builds and traders are testing new thresholds before they fall again.
The truth is that prices will not increase sustainably until storage volumes fall, and that cannot happen until U.S. production
It's so funny that the USD/ MYR rate still above 4+ and market still believe we can back to 3.7 era. Jeti is going to step down soon. Let see. If you are speculators then please shift to others counter.
you guy check russian lies back to previous oil crisis. they say one thing do another thing. the oil price no longer Saudi can control alone. US Shale play a significant role. did you all know that now US shale oil proven reserve is double of current world oil proven reserve ? You can google it
Our new born children won't be able to see the oil depletion crysis in next 100 years. let say 2116
low oil price benefit who ? it will be the highest consumer of oil and guess who is it ? America and China
I want to quit market lah. Oil down, market free fall; now oil up, market also drop. KLSE everyday got few hundreds counters drop. How to invest like this? Good fundamental also drop so much.
he himself think he is like a saint. but in fact he is not.
Latitude RM 7.00 he keeps ask people buy.. Even come out with a blog.
I trust that recent latitude heavy selling he sure sell a lot. If not, he can show us his transaction history for the past weeks.
He is almost like the top 5 shareholders of latitude. The rest normally dun sell because they are major shareholders and holding the company. Only he will sell..
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Invest_168
549 posts
Posted by Invest_168 > 2016-03-04 21:56 | Report Abuse
KYY is not normal investor, when Latitud drop to RM5, he will start to write and say he is collecting at low...immediately then he quickly make the share price up dramatically...then you will come in again to collect his distribution at high price and finally he can unload all his holding.