SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

1.11

Today's Change

-0.01 (0.89%)

Day's Change

1.09 - 1.13

Trading Volume

9,622,600


102 people like this.

226,348 comment(s). Last comment by LimPek1510 6 minutes ago

Gaussian

3,174 posts

Posted by Gaussian > 2 days ago | Report Abuse

TG kossan harta die lol

kltower

1,643 posts

Posted by kltower > 2 days ago | Report Abuse

everyone know china firewall block all Gogle FB Whasapp to execute cuci otak

telusdansuci

1,730 posts

Posted by telusdansuci > 2 days ago | Report Abuse

All gloves counters ada duit pegang baru boleh untung . Hari ini beli ingat nak untung esok memang susah.

kltower

1,643 posts

Posted by kltower > 2 days ago | Report Abuse

Trump sure block all communist glove, Trump not allow china communist control PPE supply chain pinch US neck

Mini2021

1,606 posts

Posted by Mini2021 > 2 days ago | Report Abuse

WASHINGTON, D.C.-- Chairman John Moolenaar (R-MI) of the the House Select Committee on the Chinese Communist Party introduced the Restoring Trade Fairness Act today, a bill that would revoke China’s Permanent Normal Trade Relations (PNTR). In 2000, as China prepared to enter the WTO, Congress voted to extend PNTR status to the People’s Republic of China (PRC), hoping that the Chinese Communist Party would liberalize and adopt fair trading practices. Achieving PNTR status meant that the Chinese state-run economy received preferential tariff treatment under U.S. law, opening the door for the mass influx of products made in the communist nation. This gamble failed. In the two decades since, the United States manufacturing industry has been depleted, American firms have had their intellectual property pillaged by CCP economic coercion, and the CCP grew into America’s foremost adversary.



Senators Tom Cotton (R-AR), Marco Rubio (R-FL), and Josh Hawley (R-MO) introduced companion legislation in the Senate earlier this year.



Following the bill’s introduction, Chairman Moolenaar said, “Today, I have introduced the Restoring Trade Fairness Act to stop the Chinese Communist Party from taking advantage of America and to level the playing field for American workers and our allies. Having permanent normal trade relations with China has failed our country, eroded our manufacturing base, and sent jobs to our foremost adversary. At the same time, the CCP has taken advantage of our markets and betrayed the hopes of freedom and fair competition that were expected when its authoritarian regime was granted permanent normal trade relations more than 20 years ago.



“Last year, our bipartisan Select Committee overwhelmingly agreed that the United States must reset its economic relationship with China. Today, building on tariffs from the Trump and Biden Administrations, the Restoring Trade Fairness Act will strip China of its permanent normal trade relations with the U.S., protect our national security, support supply chain resilience, and return manufacturing jobs to the U.S. and our allies. This policy levels the playing field and helps the American people win this strategic competition with the CCP.”



“China’s Permanent Normal Trade Relations status has enriched the Chinese Communist Party while costing the United States millions of jobs. This comprehensive repeal of China’s PNTR status and reform of the U.S.-China trade relationship will protect American workers, enhance our national security, and end the Chinese Communists’ leverage over our economy,” said Senator Cotton.

19 minutes ago

Mini2021

1,606 posts

Posted by Mini2021 > 2 days ago | Report Abuse

The higher tariffs, announced in September 2024 by the US Trade Representative, will see import duties on Chinese-made medical gloves rise to 50% in 2025 and further to 100% by 2026, a significant jump from the current 7.5% tariff.

This is expected to drive growth of both volume and average selling price for Malaysian glove manufacturers as the price gap between Chinese and Malaysian gloves narrows, according to research reports.

xiaoeh

2,954 posts

Posted by xiaoeh > 2 days ago | Report Abuse

may not be materialize bro...may not
Trump is a businessman president....😂

FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

AI related stocks got sell down koyak alot as at now, the safest is gloves stocks

Grumpy1

27 posts

Posted by Grumpy1 > 2 days ago | Report Abuse

dead money

kltower

1,643 posts

Posted by kltower > 2 days ago | Report Abuse

Trump’s First AI Data Center Is Size of Central Park, With 57 Jobs to Start
The $100 billion venture from OpenAI, SoftBank and Oracle is starting with a small Texas city.

kltower

1,643 posts

Posted by kltower > 2 days ago | Report Abuse

7106 neighbors in Texas all billion company

kltower

1,643 posts

Posted by kltower > 2 days ago | Report Abuse

7106 please make baby 🍼 glove for US hospitals

kltower

1,643 posts

Posted by kltower > 2 days ago | Report Abuse

After that 7106 please make AI glove for Facebook, make mars glove for Elon musk 💕

kltower

1,643 posts

Posted by kltower > 2 days ago | Report Abuse

first US made baby 🍼 glove must born from secret tunnel, come on baby glove come to papa ❤️

SEE_Research

4,878 posts

Posted by SEE_Research > 2 days ago | Report Abuse

Good stock __ Supermax

SEE_Research

4,878 posts

Posted by SEE_Research > 2 days ago | Report Abuse

To : rchi __ the technically inclined
Technician of KLSE


Supermax/ 7106
How is today / 24 - 1 - 2025 / Friday reading on its technical chart and analysis __
waiting for your fair comment.

==============================================================

Question to rchi

Super max
A. What prices __ on its technical chart and analysis __ to add /
RM ___ ?

calvintaneng

57,590 posts

Posted by calvintaneng > 2 days ago | Report Abuse

Good stock - Supermax?

If good then just talk about what is good

Avoid distraction and irrelevant stuff

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-12-17-story-h476637158-SUPERIOR_SUPERMAX_A_RISING_STAR_AGAIN_DUE_TO_ITS_FIRST_MALAYSIAN_GLOVE_F

mickey77

157 posts

Posted by mickey77 > 2 days ago | Report Abuse

1 bonus share for 5 existing shares and 1 free warrant for 20 existing shares.
This is the good right?

mickey77

157 posts

Posted by mickey77 > 2 days ago | Report Abuse

This is free unlike YTL & YTLP where the free warrant cannot be listed.

Supermax BI can be sold

FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

Spammer is back again !

calvintaneng

57,590 posts

Posted by calvintaneng > 2 days ago | Report Abuse

Mickey77

You are correct

Supermax is superior over Ytl power

Supermax give both free bonus and free warrant whereas Ytl power only give free warrant

Also Supermax free warrant can be freely traded wherea Ytl power warrant cannot be traded but can only be converted to mother shares with cash top-up

FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

it seem to me that SEE Research are not concern about the feelings of other forummers here is this group that are begin annonyed by his constant spamming.

FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

Guys, please count SEE Research spams in hourly basis, see how many times he spams.

rchi

21,413 posts

Posted by rchi > 2 days ago | Report Abuse

See_Research.You still in the market?Hahaha.

calvintaneng

57,590 posts

Posted by calvintaneng > 2 days ago | Report Abuse

Yesterday we spoke to one Eagle group member

He clever to buy 1 million Supermax share at 98 sen

Not bad

Calvin and some bought 86 sen to 88 sen

Many bought below Rm1.00 at first buy call and still holding (no trading )

Grumpy1

27 posts

Posted by Grumpy1 > 2 days ago | Report Abuse

You want to know what Stargate is? Watch this video till the end...
https://www.youtube.com/watch?v=wEIPnWGqvN8&t=1s

calvintaneng

57,590 posts

Posted by calvintaneng > 2 days ago | Report Abuse

See(blind) research tell lies after lies said we tell people chased Supermax above Rm1.30

The truth is here

We have proof that our 1st buy call only 83.5 sen


Yes,!

First buy call to all is 83.5 sen

Read carefully


https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-12-story-h473828061-TRUMP_IN_POWER_SUPERMAX_IN_USA_IS_TOP_BENEFICIARY_AS_TAX_ON_CHINA_GLOVES

FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

Good for gloves stocks lower oil price lower cost for gloves companies. Trump is asking Saudi to lower down oil prices. Sui.


Crude oil futures fell Thursday after President Donald Trump urged Saudi Arabia and OPEC to cut their prices.

U.S. crude
oil fell 82 cents, or 1.09%, to close at $74.62 per barrel, while global benchmark Brent
dropped 71 cents, or 0.9%, to close at $78.29 per barrel. Oil was higher on the session before Trump began speaking.

Trump accused the Saudis and OPEC of fueling the war in Ukraine through high oil prices, claiming the fighting would end if they allowed global crude prices to fall. Russia is one of the largest oil exporters in the world and the revenues from those sales support its war.

“I’m also going to ask Saudi Arabia and OPEC to bring down the cost of oil,” Trump said in a virtual address to the World Economic Forum. “If the price came down, the Russia-Ukraine war would end immediately.”

“They’re very responsible, actually, to a certain extent, for what’s taking place,” Trump said of the Saudis and OPEC.

The Saudis and Russia coordinate to influence global prices through the group OPEC+. They and six other members of the group have been holding 2.2 million barrels per day off the global market to keep prices from falling too much. Oil prices faced downward pressure last year due to abundant production in the U.S. and slowing demand in China.

OPEC+ decided in December to extend its production cuts through at least March 2025 before phasing them out over the course of a year.



FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

Trump is asking Fed Reserve for more rate cuts. Good for stocks to rally to higher levels.


U.S. President Donald Trump addressed the World Economic Forum in Davos, Switzerland, virtually on Thursday. In his speech, Trump said he would “demand that interest rates drop immediately,” ask Saudi Arabia and OPEC to “bring down the cost of oil,” and called the European Union’s trade relationship with the U.S. very unfair.

Record close for S&P
The S&P 500
closed at a fresh high on Thursday as investors liked what they heard from Trump regarding rate cuts. All major U.S. benchmarks are on a four-day winning streak. Europe’s regional Stoxx 600 index
added 0.44%. Puma
shares slumped around 23% after it missed full-year 2024 profit expectations and revealed plans on Wednesday to cut cost.

Crypto order signed by Trump
Cryptocurrency advocates got another boost from Trump on Thursday after he signed an executive order to promote the advancement of cryptocurrencies in the U.S. Most of the order focuses on establishing technology and rules around crypto. One of the critical pieces is the creation of a working group to consider a national digital asset stockpile.

Boeing projects huge loss
Boeing
said Thursday that it likely lost about $4 billion in the fourth quarter, or a loss of $5.46 per share. Revenue will probably come in at $15.2 billion, lower than LSEG estimates. Boeing has not posted an annual profit since 2018. The aircraft maker began 2024 with a midair accident and ended it with a crippling labor strike and layoffs.

[PRO] Back to Apple soon?
Apple’s
shares are headed for their fourth straight losing week and are down nearly 11% so far in January, while stocks more directly tied to artificial intelligence, such as Nvidia
and Oracle
, have rallied. But it’s still the early days of AI. Here’s why investors could flock back to Apple in the middle of the year, wrote a Goldman Sachs
analyst.

The bottom line
Markets are supposed to run on numbers: past performance, projections of profits, return on equity. But words are equally powerful in their capacity to move markets, as Trump’s virtual address to the World Economic Forum on Thursday demonstrated.

The price of U.S. crude
and the global benchmark Brent
dropped on Trump saying he’d “ask Saudi Arabia and OPEC to bring down the cost of oil.”

And after Trump said he would “demand that interest rates drop immediately,” the 2-year Treasury yield, which tends to track short-term interest rates, edged lower, while stocks ticked up.

In fact, the S&P 500
added 0.53% to close at a record closing high of 6,118.71. Its last all-time closing high was 6,090.27 in early December. The Dow Jones Industrial Average
rose 0.92% and the Nasdaq Composit
e gained 0.22%. It was the fourth consecutive session in the green for all three indexes.

But unlike numbers — which are factual (most of the time, anyway) — words can be capricious.

“Trump’s Davos speech contained some ostensibly positive lines (he called for OPEC to lower oil prices, demanded central banks lower interest rates, and reiterated prior pledges to slash taxes and regulation) but there was very little either incremental or within his control,” Adam Crisafulli, founder of Vital Knowledge, said in a note.

That doesn’t mean Trump won’t carry through his declarations. It’s unwise, however, to bank on comments ungrounded by concrete action.

On the other hand, there are some words that have the heft of policy behind them and should be taken seriously by investors.

The U.S. Federal Reserve meets next week. While the chance of a rate cut then is near zero, according to CMEGroup’s FedWatch Tool, what Chair Jerome Powell says at his press conference is “likely to cause market volatility,” according to James Demmert, chief investment officer at Main Street Research.

Learning what to listen to, then, could be as important for investors as deciphering numbers.

calvintaneng

57,590 posts

Posted by calvintaneng > 2 days ago | Report Abuse

Good

Trump wants lower crude to help bring down electricity prices

Double benefits for Supermax

1. Lower cost
2. Lower cost for nitrile gloves

FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

TG is leading the gloves stocks sui, Supermax woke up already

calvintaneng

57,590 posts

Posted by calvintaneng > 2 days ago | Report Abuse

Listen to Howard Marks

https://youtu.be/YZGgrLxJ_iE?si=F_e7VwqBAq0o-6c9

FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

YTL & YTLP free warrants is a joke that cannot be sold and only be converted to mother shares. The best is Supermax free share + free warrants and can be sold anytime you like.



KUALA LUMPUR (Jan 24): Shares of YTL Corporation Bhd (KL:YTL) and YTL Power International Bhd (KL:YTLPOWR) fell on Friday in active trade after the companies revealed plans to issue non-tradable warrants exercisable at a discount to market prices.

During early trade, YTL Corporation fell nearly 5% to RM2.27, valuing the group at more than RM25 billion, while YTL Power was down more than 6% to RM3.80, translating into a market capitalisation of about RM32 billion.

As of 9.15am, YTL Corporation Bhd (KL:YTL) was trading at RM2.29 after more than five million shares changed hands, while YTL Power was at RM3.83 as trading volume totalled 9.1 million shares.

The proposed bonus issue of warrants involves the issuance of up to 1.67 billion free warrants on a one-for-five basis, with the exercise price set at RM2.45, which represents a 44% discount or RM1.92 to the five-day volume-weighted average market price of RM4.3721.

These warrants, which will not be listed and cannot be traded or transferred, have a tenure of three years and can be exercised at any time before the expiry date.

Should the warrants be exercised, this would increase YTL Power’s share base by 20% or an issue of up to 1.674 billion new shares.

Essentially a flexible ‘rights issue’
CIMB Securities in a note on Friday said: "...we see (this bonus issue of warrants) as essentially a flexible ‘rights issue’.

"All else equal, a rights issue is neutral on shareholders’ wealth. However, it could potentially be positive if proceeds are used to fund new projects with attractive returns or to increase equity stake in existing value-accretive projects, and vice versa."

The research house said while rights issues can sometimes trigger negative near-term share price correction, it does not expect the reaction to be "as bad", given that investors do not need to immediately fork out cash.

CIMB Securities maintained its “buy” call on YTL Power with a target price of RM5.20, based on YTL Power’s FY2026F enterprise value to earnings before interest, taxes, depreciation and amortisation (EV/Ebitda) of 7.0 times, which is at an 11% discount to its five-year mean.

This translates to a 5.6 times EV/Ebitda for FY2027F, on strong Ebitda growth driven by YTL Power’s data centre business.

In a separate note, Kenanga expressed positive sentiment about the corporate exercise, adding that the substantial 44% discounted exercise price presents an attractive reward for shareholders.

"However, this exercise does not guarantee long-term shareholder retention, as they can exercise the warrants at any time, especially since the exercise price is set at a discount to the market price."

The research house also noted that given the warrants being unlisted is uncommon, warrant holders can only monetise them through a conversion to shares.

"To this end, we believe YTL Power’s shareholders are most likely induced into doing so early as well to mitigate pressure of EPS dilution."

Kenanga maintained its “outperform” call on the stock, but adjusted its target price to RM4.49 from RM5.00 on a fully-diluted basis.

FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

Now Malaysia wants to reclaim back to the top world producer of rubber. Good for our gloves companies.


BANGI (Jan 23): Malaysia is targeting to reclaim its position as the world’s leading rubber producer within the next decade, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

He said that the goal is achievable, provided that replanting efforts and innovation within the rubber industry are carried out comprehensively and systematically.

“I have discussed this with the director and chairman of the Rubber Industry Smallholders Development Authority (Risda), and I believe we can achieve this within 10 years. Malaysia has 800,000 hectares of rubber plantations, with 400,000 hectares in need of replanting,” said Zahid, who is also the rural and regional development minister.

“The replanting process must utilise high-quality saplings and automated methods for tapping and collection,” he told the media after attending the opening ceremony of the 2025 Risda Field Officers Convention here on Thursday.

Zahid also highlighted that the initiative includes promoting the use of rubber wood in the furniture industry, not as raw material, but as treated rubber wood, thus increasing its market value.

“This means that proceeds from rubber wood will become significantly more valuable. We anticipate this to provide a sufficient resource for Risda to operate independently, without relying on the government budget. This is our commitment, insya-Allah,” he said.

He also reflected on Malaysia’s former position as the global leader in the rubber industry, noting that the country is now ranked 10th.

"Malaysia was once the world's number one rubber producer, contributing 50%. Today, we have fallen far behind, with our neighbouring country (Thailand) now producing one-third of global rubber output.

“However, I am confident that, with the enthusiasm, dedication, and commitment of everyone involved, we will not only overcome the challenges ahead, but also elevate this industry to greater heights. Our goal is to reclaim the top position in the global rubber industry,” he said.

He emphasised the critical role of innovation, technology, and sustainable practices, in ensuring the continued competitiveness and productivity of Malaysia’s rubber sector.

Zahid said the initiative is part of the government’s broader strategy to foster rural development and reinforce the agricultural sector as a key pillar of the nation’s economy.

“We must be bold enough to move away from outdated practices. The rubber sector needs to become more appealing to the younger generation through the integration of modern technologies such as artificial intelligence, automation, and agricultural innovation,” he said.

“Imagine rubber plantations utilising the Internet of Things, drones to boost productivity, and e-commerce platforms linking smallholders directly to global markets. This isn’t just a transformation — it’s a revolution in the rubber industry that we all look forward to witnessing,” he added.

For over a century, Malaysia’s rubber industry has been a cornerstone of the country’s economic growth.

In 2023, the export value of Malaysia’s rubber industry, including rubberwood, was projected to reach RM37.2 billion, highlighting its significant role in the national economy.

During the tabling of Budget 2025, the government allocated various funds to support the rubber industry, including RM20 million to redevelop idle privately owned rubber plantations and RM60 million in matching grants under Risda for the smallholders’ latex production programme.

Read also:
Zahid: Proposal for Risda to be sole buyer of smallholders' rubber to be presented to Cabinet

chunah

413 posts

Posted by chunah > 2 days ago | Report Abuse

Oops

calvintaneng

57,590 posts

Posted by calvintaneng > 2 days ago | Report Abuse

Stay very safe in Supermax

SEE_Research just sent people to Holland chasing Keyfield

Insiders now dumping

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3518870

Gaussian

3,174 posts

Posted by Gaussian > 2 days ago | Report Abuse

Hail king supermax 🚀🚀🚀🚀

calvintaneng

57,590 posts

Posted by calvintaneng > 2 days ago | Report Abuse

Warning against following SEE_Reasearch

Keyfield is not the only lapsap

He also tell people sell rock solid Tsh to buy rubbish sh chan at 60 sen

Now Sh chan crashed to 29 sen and he ran away


https://klse.i3investor.com/web/stock/historical-chart/4316

calvintaneng

57,590 posts

Posted by calvintaneng > 2 days ago | Report Abuse

Important warning on SEE_Research aka Mikekong55 or Newman


Last time 11 years ago we promoted Pm Corp

Just like Tsh now in those days when we promoted Pm Corp with focus on cash payout one guy named Mikekong55 also bought Pm Corp around 15 sen

Pm Corp then went up to 23/24 sen and Mikekong55 after having sold all his Pm Corp started to bad mouth Pm Corp (just like Sidney Oon badmouthed Tsh after having sold


Many cutloss in Pm Corp after it crashed back below 20 sen

However Calvin and friends held Pm Corp tightly just like we hold Tsh tightly now

then Mikekong55 together with hepitrade started

regain capital - Choco passenger ship

There were many led astray by Mikekong55 as he front run them

He bought lapsap
Then tell people to chase while he slyly sold

Later all lost their shirts in the pirated ship as it sunk and drowned all and Mikekong55 disappeared


be very very careful now

SEE_Research can bankrupt you if you are heedless


FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

China glove stock Intco down alot so is the whole SSE index. Chinese govt are now instructing insurance company to buy stocks in SSE.



China’s financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds and insurers to purchase more shares, as Beijing seeks to bolster the faltering stock market.

Big state-owned insurance firms are guided to raise the size and proportion of their investment in shares listed on the mainland, and to allocate 30% of their newly generated premiums to buying stocks, Wu Qing, chairman of the China Securities Regulatory Commission said at a press conference on Thursday.

A pilot program, due to kick off in the first half of this year, will channel at least 100 billion yuan ($13.75 billion) from insurers to long-term stock investment, Wu said. He expected the program to continue being expanded and inject at least “hundreds of billions of yuan” every year into stock purchases.

Mutual funds are also mandated to raise their holdings in mainland-listed shares by 10% annually, in terms of market valuation, for the next three years, he said.

A consortium of six financial regulators, including the securities regulator, first floated the plan on Wednesday to direct large funds, including pension funds, to buy more local shares, aimed at “steadying the stock market,” according to CNBC’s translation of a statement in Chinese from the regulators.

“Having institutions like insurers hold more China’s equities helps to lower volatility and create a more stable trading environment based on fundamentals,” said Eugene Hsiao, head of China equity strategy at Macquarie Capital.

He suggested the latest initiative will help “establish more attractive long-term investment options,” after a meltdown in the real estate market damaged households’ wealth.

Following the press conference, the benchmark CSI 300 index climbed over 1.8%, narrowing the index’s drop this year to around 2.7%, according to LSEG data.

While the CSI 300 registered an annual gain of 15% last year, the index closed the year by falling nearly 12% from its highest levels of the year.

Beijing’s recent piecemeal stimulus measures have dashed investors’ hope for a near-term turnaround in the ailing economy, prompting a flood of funds into the safety of government bonds, driving down yields to record lows.

In October, China’s central bank launched a swap facility scheme to give insurers and brokers easier access to buy stocks and relatively cheap central bank bills to help finance listed companies’ share purchases and buybacks.

Chinese companies’ dividend payout and share buybacks last year hit record highs, Wu said, while encouraging listed companies to ramp up dividend payouts in the run up to the China’s Lunar New Year later this month.

Wu pointed out that the current dividend yield of the CSI 300 reached 3%, “which is significantly higher than the yield of the 10-year treasury bonds.” The 10-year benchmark yield stood at 1.671% on Thursday.

Thursday’s announcements are expected to lead to a capital influx into Chinese “value stocks,” which are considered significantly undervalued given great potential for future growth, according to Lei Meng, China equity strategist at UBS.

Around 12% of the insurers’ assets are in stocks and other equity funds, the equivalent of more than 4.4 trillion yuan, according to Xiao Yuanqi, deputy head of National Financial Regulatory Administration.

More than half of the insurers’ assets were in bonds and bank deposits as of 2023, according to the latest available data from UBS. Stocks alone accounted for 7% of insurers’ assets at the time, the data showed.

“The effort to stabilize the stock market primarily seeks to reduce the negative wealth effect on household consumption,” said Edith Qian, equity research strategist at CGS International Hong Kong. She anticipates the policy to deliver a “quite minimal” impact on fund flows in the A-share market with 78-trillion-yuan free-float market value.

FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

Oil price also down and so is our AI and tech stocks. The only safe stocks is gloves, especially Supermax have a factory in the US. Sui sui.



Crude oil futures fell Thursday after President Donald Trump urged Saudi Arabia and OPEC to cut their prices.

U.S. crude
oil fell 82 cents, or 1.09%, to close at $74.62 per barrel, while global benchmark Brent
dropped 71 cents, or 0.9%, to close at $78.29 per barrel. Oil was higher on the session before Trump began speaking.

Trump accused the Saudis and OPEC of fueling the war in Ukraine through high oil prices, claiming the fighting would end if they allowed global crude prices to fall. Russia is one of the largest oil exporters in the world and the revenues from those sales support its war.

“I’m also going to ask Saudi Arabia and OPEC to bring down the cost of oil,” Trump said in a virtual address to the World Economic Forum. “If the price came down, the Russia-Ukraine war would end immediately.”

“They’re very responsible, actually, to a certain extent, for what’s taking place,” Trump said of the Saudis and OPEC.

The Saudis and Russia coordinate to influence global prices through the group OPEC+. They and six other members of the group have been holding 2.2 million barrels per day off the global market to keep prices from falling too much. Oil prices faced downward pressure last year due to abundant production in the U.S. and slowing demand in China.

OPEC+ decided in December to extend its production cuts through at least March 2025 before phasing them out over the course of a year.

FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

This is the result of becoming a BRICS country - Malaysia.



KUALA LUMPUR (Jan 24): As an export-driven economy, Malaysia faces challenges this year in keeping up with policy shifts made by its third largest trading partner, the US, according to AmBank.

AmBank chief economist Firdaos Rosli said the potential impact of US President Donald Trump’s policies on Malaysia is significant, noting that while there are lessons to be learned from Trump’s first administration, the current situation is not expected to mirror the past.

“The country needs to stay very vigilant, and to keep an eye on the pulse of the economy. It is also about understanding that some things are not going to move in a straight line,” Firdaos said during a media briefing on the AmBank Macroeconomic Outlook 2025 report.


He added that perhaps it is necessary to look into the overall picture of how the US economy proceeds under the new administration. “It is not just going to be us responding to every basis of the new announcements, but rather to take a broader view of how we need to address the change in policy shifts coming from the US,” he said.

In the report, AmBank noted that global growth in 2025 is projected to range between 2.7% and 3.3%, with the US leading among advanced economies, despite ongoing labour market weaknesses. In contrast, China is expected to fall short of its 5% growth target, due to trade tensions and domestic constraints.

Firdaos noted that Malaysia's exports to the US remain robust, which could mitigate some risks.

Trump, who was sworn in as the 47th US president earlier this week, announced plans to impose a 10% tariff on imports from China starting Feb 1. In addition, a 25% duty will be levied on imports from Canada and Mexico, citing concerns over fentanyl inflows and illegal immigration.

OPR seen staying at 3% in 1H
On the domestic macroeconomic indicator, AmBank forecasts that Bank Negara Malaysia will maintain the benchmark overnight policy rate (OPR) at 3% through at least the first half of 2025.

“The necessary conditions for the OPR to stay at 3% are still there...and to stay longer than it should,” Firdaos said, citing factors such as ongoing civil service salary reviews, the progressive wage model, and rising minimum wages. “Looking at the MPC (Monetary Policy Committee) statement, there is more confidence coming from the central bank, suggesting no urgency to make further adjustments,” he added.

Firdaos emphasised that Malaysia still has strong domestic fundamentals, including robust private consumption, a healthy labour market, and rising wages, despite facing uncertainties in the global economy. “While global volatilities persist, the domestic conditions provide a buffer against external shocks,” he noted.

Malaysia’s real gross domestic product growth is projected to moderate to 4.6% in 2025, from 5.0% in 2024. Infrastructure projects, private investment realisations, and strong private consumption are expected to underpin economic performance, it noted.

However, the government faces a delicate trade-off between fiscal consolidation and growth amid a volatile external environment. “Domestic demand will remain the primary growth driver, supported by resilient consumer spending and government measures,” the report showed.

Meanwhile, inflation is expected to average between 2.5% and 3.0% in 2025, up from 1.8% in 2024, with the high base effect dissipating and cost-push factors intensifying.

Key upside risks include the anticipated implementation of RON95 fuel subsidy rationalisation, and potential electricity tariff hikes in mid-2025. Nevertheless, the impact is expected to be manageable, due to targeted government measures, the report noted.

Edited ByIsabelle Francis
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calvintaneng

57,590 posts

Posted by calvintaneng > 2 days ago | Report Abuse

His main purpose is to give some fake lip service and then divert careless people astray to buy his other pump and dump rubbish

So keep tightly your precious Supermax shares

Mini2021

1,606 posts

Posted by Mini2021 > 2 days ago | Report Abuse

Waiting Donald Trump button to kill Malaysia other Big 3 maker ...

Mini2021

1,606 posts

Posted by Mini2021 > 2 days ago | Report Abuse

WASHINGTON, D.C.-- Chairman John Moolenaar (R-MI) of the the House Select Committee on the Chinese Communist Party introduced the Restoring Trade Fairness Act today, a bill that would revoke China’s Permanent Normal Trade Relations (PNTR). In 2000, as China prepared to enter the WTO, Congress voted to extend PNTR status to the People’s Republic of China (PRC), hoping that the Chinese Communist Party would liberalize and adopt fair trading practices. Achieving PNTR status meant that the Chinese state-run economy received preferential tariff treatment under U.S. law, opening the door for the mass influx of products made in the communist nation. This gamble failed. In the two decades since, the United States manufacturing industry has been depleted, American firms have had their intellectual property pillaged by CCP economic coercion, and the CCP grew into America’s foremost adversary.



Senators Tom Cotton (R-AR), Marco Rubio (R-FL), and Josh Hawley (R-MO) introduced companion legislation in the Senate earlier this year.



Following the bill’s introduction, Chairman Moolenaar said, “Today, I have introduced the Restoring Trade Fairness Act to stop the Chinese Communist Party from taking advantage of America and to level the playing field for American workers and our allies. Having permanent normal trade relations with China has failed our country, eroded our manufacturing base, and sent jobs to our foremost adversary. At the same time, the CCP has taken advantage of our markets and betrayed the hopes of freedom and fair competition that were expected when its authoritarian regime was granted permanent normal trade relations more than 20 years ago.



“Last year, our bipartisan Select Committee overwhelmingly agreed that the United States must reset its economic relationship with China. Today, building on tariffs from the Trump and Biden Administrations, the Restoring Trade Fairness Act will strip China of its permanent normal trade relations with the U.S., protect our national security, support supply chain resilience, and return manufacturing jobs to the U.S. and our allies. This policy levels the playing field and helps the American people win this strategic competition with the CCP.”



“China’s Permanent Normal Trade Relations status has enriched the Chinese Communist Party while costing the United States millions of jobs. This comprehensive repeal of China’s PNTR status and reform of the U.S.-China trade relationship will protect American workers, enhance our national security, and end the Chinese Communists’ leverage over our economy,” said Senator Cotton.

Mini2021

1,606 posts

Posted by Mini2021 > 2 days ago | Report Abuse

The higher tariffs, announced in September 2024 by the US Trade Representative, will see import duties on Chinese-made medical gloves rise to 50% in 2025 and further to 100% by 2026, a significant jump from the current 7.5% tariff.

This is expected to drive growth of both volume and average selling price for Malaysian glove manufacturers as the price gap between Chinese and Malaysian gloves narrows, according to research reports.

FAInvestor

477 posts

Posted by FAInvestor > 2 days ago | Report Abuse

China glove stock Intco down alot so is the whole SSE index. Chinese govt are now instructing insurance company to buy stocks in SSE.



China’s financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds and insurers to purchase more shares, as Beijing seeks to bolster the faltering stock market.

Big state-owned insurance firms are guided to raise the size and proportion of their investment in shares listed on the mainland, and to allocate 30% of their newly generated premiums to buying stocks, Wu Qing, chairman of the China Securities Regulatory Commission said at a press conference on Thursday.

A pilot program, due to kick off in the first half of this year, will channel at least 100 billion yuan ($13.75 billion) from insurers to long-term stock investment, Wu said. He expected the program to continue being expanded and inject at least “hundreds of billions of yuan” every year into stock purchases.

Mutual funds are also mandated to raise their holdings in mainland-listed shares by 10% annually, in terms of market valuation, for the next three years, he said.

A consortium of six financial regulators, including the securities regulator, first floated the plan on Wednesday to direct large funds, including pension funds, to buy more local shares, aimed at “steadying the stock market,” according to CNBC’s translation of a statement in Chinese from the regulators.

“Having institutions like insurers hold more China’s equities helps to lower volatility and create a more stable trading environment based on fundamentals,” said Eugene Hsiao, head of China equity strategy at Macquarie Capital.

He suggested the latest initiative will help “establish more attractive long-term investment options,” after a meltdown in the real estate market damaged households’ wealth.

Following the press conference, the benchmark CSI 300 index climbed over 1.8%, narrowing the index’s drop this year to around 2.7%, according to LSEG data.

While the CSI 300 registered an annual gain of 15% last year, the index closed the year by falling nearly 12% from its highest levels of the year.

Beijing’s recent piecemeal stimulus measures have dashed investors’ hope for a near-term turnaround in the ailing economy, prompting a flood of funds into the safety of government bonds, driving down yields to record lows.

In October, China’s central bank launched a swap facility scheme to give insurers and brokers easier access to buy stocks and relatively cheap central bank bills to help finance listed companies’ share purchases and buybacks.

Chinese companies’ dividend payout and share buybacks last year hit record highs, Wu said, while encouraging listed companies to ramp up dividend payouts in the run up to the China’s Lunar New Year later this month.

Wu pointed out that the current dividend yield of the CSI 300 reached 3%, “which is significantly higher than the yield of the 10-year treasury bonds.” The 10-year benchmark yield stood at 1.671% on Thursday.

Thursday’s announcements are expected to lead to a capital influx into Chinese “value stocks,” which are considered significantly undervalued given great potential for future growth, according to Lei Meng, China equity strategist at UBS.

Around 12% of the insurers’ assets are in stocks and other equity funds, the equivalent of more than 4.4 trillion yuan, according to Xiao Yuanqi, deputy head of National Financial Regulatory Administration.

More than half of the insurers’ assets were in bonds and bank deposits as of 2023, according to the latest available data from UBS. Stocks alone accounted for 7% of insurers’ assets at the time, the data showed.

“The effort to stabilize the stock market primarily seeks to reduce the negative wealth effect on household consumption,” said Edith Qian, equity research strategist at CGS International Hong Kong. She anticipates the policy to deliver a “quite minimal” impact on fund flows in the A-share market with 78-trillion-yuan free-float market value.

Posted by cszu4295 > 2 days ago |

Post removed.Why?

Posted by cszu4295 > 2 days ago |

Post removed.Why?

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