Posted by Good123 > 2023-06-15 09:24 | Report Abuse

Hubungan China & Europe kian baik, bagus untuk pasaran saham.

https://www.ft.com/content/c2a2ef47-1d8a-4b22-b04c-2b07218fd225

Posted by Good123 > 2023-06-15 11:33 | Report Abuse

the new chairman has a big vision for picorp... duit, dah banyak dah, dia mau laksanakan visinya bagi picorp... sabar ya, enjin baru mau dinyalakan, dll :)

Syed Hisham bin Syed Wazir is a Malaysian businessperson who has been at the helm of 14 different companies and currently holds the position of Independent Non-Executive Chairman for Progressive Impact Corp. Bhd., Chairman of MSM Malaysia Holdings Bhd. and Chairman of Jaybee Drilling Pvt Ltd.

He is also Member of The Institute of the Motor Industry and Member-Beta Gamma Sigma at The Ohio University and on the board of 22 other companies.

He previously was President, Group CEO & Executive Director at UMW Holdings Bhd., Managing Director & Director at Puncak Niaga Holdings Bhd., Chief Operating Officer at Naza KIA Sdn. Bhd., Chief Operating Officer at Naza Kia Services Sdn Bhn, Director & Senior Manager at Perusahaan Otomobil Kedua Sdn. Bhd., General Manager-International Business at DRB-Hicom Export Corp. Sdn. Bhd., Managing Director at Edaran Otomobil Nasional Bhd., General Manager of Proton Corp. Sdn. Bhd., President & Chief Operating Officer of Honda Malaysia Sdn. Bhd., Senior Manager-Business Division at Perusahaan Otomobil Nasional Sdn. Bhd., Director at Toyota Capital Malaysia Sdn. Bhd. and Deputy Manager-Marketing Service at HICOM Bhd.

Mr. Bin Syed Wazir received an MBA from The Ohio State University and an undergraduate degree from the University of Plymouth.


Current positions of Syed Hisham bin Syed Wazir
Name Title Since
Bermaz Auto Berhad
(Auto Vehicles, Parts & Service Retailers) Senior Independent Non-Executive Director 2016
MSM Malaysia Holdings Berhad
(Food Processing) Chairman 2020
Progressive Impact Corporation Berhad
(Environmental Services & Equipment) Independent Non-Executive Chairman 2023
Jaybee Drilling Pvt Ltd. Chairman -
Umw Industries 1985 Sdn. Bhd. Director -
National Precision Tooling Sdn. Bhd. Non-Executive Chairman 2017
Sirim Sts Sdn. Bhd. Non-Executive Director 2019
UMW Development Sdn. Bhd. Director -
Pakar Citra Sdn. Bhd. Director -
KYB-UMW Steering Malaysia Sdn. Bhd. Director -
Aman Brothers Auto Sdn. Bhd. Director -
Castwel Auto Parts Pvt Ltd. Director 2014
SIRIM QAS International Sdn. Bhd. Non-Executive Chairman 2017
Coldfusion Engineering Sdn. Bhd. Director -
Lubetech Sdn. Bhd. Director -
UMW Pennzoil Distributors Sdn. Bhd. Director -
UMW Australia Ventures Sdn. Bhd. Director -
Umw Industrial Power Sdn. Bhd. Director -
UMW (East Malaysia) Sdn. Bhd. Director -
UMW Dongshin Motech Pvt Ltd. Director 2014
Sathya Auto Pvt Ltd. Director 2014
United Seamless Tubulaar Pvt Ltd. Director 2012
UMW Oilfield International (M) Sdn. Bhd. Director -
UMW Corp. Sdn. Bhd. Director -
UMW Petropipe (Labuan) Ltd. Director -
The Ohio University Member-Beta Gamma Sigma -
The Institute of the Motor Industry Member -


Syed Hisham bin Syed Wazir: Personal Network
Name Linked companies
Choon San Yeoh Bermaz Auto Berhad
The Institute of the Motor Industry
Ahmad Fadzil bin Mohamad Hani SIRIM QAS International Sdn. Bhd.
Abdul Hapiz bin Abdullah MSM Malaysia Holdings Berhad
Azni Binti Ariffin MSM Malaysia Holdings Berhad
Puan Adibah Khairiah Binti Ismail Bermaz Auto Berhad
Muthanna bin Abdullah MSM Malaysia Holdings Berhad
Wen Han Low Bermaz Auto Berhad
Syed Feizal Syed Mohammad MSM Malaysia Holdings Berhad
Kalsom binti Abdul Rahman Bermaz Auto Berhad
Kok Chuan Lee Bermaz Auto Berhad

Posted by Good123 > 2023-06-15 11:37 | Report Abuse

New chairman ada banyak network, jika haji & hajjah mau cash out, dia boleh cari pembeli dengan mudah. .

See the new plan for picorp uncovered in stages..

Terbaik

Posted by Good123 > 2023-06-15 11:40 | Report Abuse

Investing.com-- Most Asian stocks rose on Thursday, buoyed by the prospect of increased stimulus in China following more rate cuts in the country, although hawkish signals from the Federal Reserve kept a lid on gains.

Posted by Good123 > 2023-06-15 11:41 | Report Abuse

But the rate cuts point to increased liquidity conditions in Asia’s largest economy, which could provide some near-term support for markets.

Posted by Good123 > 2023-06-15 11:41 | Report Abuse

Other Asian markets rose tracking this notion, with Hong Kong’s Hang Seng index up 0.7% on its exposure to China. Australia’s ASX 200 also added 0.3% as data showed the country’s labor market remained robust.

Posted by Good123 > 2023-06-15 11:42 | Report Abuse

Japan’s Nikkei 225 index rose 0.7%, while the broader TOPIX added 0.5%, with both bourses hitting new 33-year highs as stronger-than-expected exports and machinery orders data signaled some resilience in the economy.

Posted by Good123 > 2023-06-15 12:03 | Report Abuse

Direct Biz Transaction:

Summary from 06/01/2009 to 01/06/2021
Highest Price 0.4600 First Occurred on 21/01/2009
Lowest Price 0.1300 First Occurred on 12/06/2013
Highest Volume 10.000m First Occurred on 15/01/2009

Posted by Good123 > 2023-06-15 15:22 | Report Abuse

RM45K+ traded so far... investors wanted to wait for action from the new chairman, banyak kabel sekali

Posted by Good123 > 2023-06-15 15:48 | Report Abuse

SINGAPORE: Asian stocks hit two-month highs on Thursday and the dollar notched new peaks against the yen and the yuan as the Federal Reserve paused rate hikes while flagging more, drawing attention to the contrast with more dovish policy outlooks in Asia.

The Fed left its benchmark funds rate window at 5-5.25%, as expected, yet committee members surprised markets by projecting two more 25 basis point (bps) hikes this year, sending short-term U.S. yields higher and closing out bets on any cuts in 2023.

The European Central Bank, meanwhile, is expected to deliver its eighth straight rate hike later in the day which will take borrowing costs to two-decade highs. The euro, which made a one-month high at $1.0865 overnight, traded at $1.0816 as investors awaited the decision.

That cast Asia's biggest economies in stark relief, with China cutting another key policy rate on Thursday amid fresh signs its economy is stumbling and traders betting the Bank of Japan will stick with its ultra-easy monetary policy this week.

The yen fell about 0.9% to a six-month low of 141.43 per dollar. The yuan hit a six-month trough of 7.1819, while hopes of more stimulus sent stock indexes in Hong Kong and Shanghai up by more than 1%.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6% to a new two-month high, while Japan's tearaway Nikkei extended its rally to new three-decade peaks.

S&P 500 futures were flat. European futures and FTSE futures each fell about 0.2%.

"The Fed is being pretty steadfast," said Bart Wakabayashi, branch manager at State Street in Tokyo, which has brought back the contrast with stimulatory Japan to the fore.

"They point at inflation, the labour market and wages and say look we want (inflation) at 2% and whether it's 6% or 5% or 5.5% it's still not at 2% - they're going to do they need to do to get that down to 2%."

Two-year Treasury yields, which closed two bps higher at the end of the New York session rose another 3.5 bps in Tokyo trade to 4.7416%. Ten-year yields rose 3.1 bps to 3.8291%.

Fed funds futures pricing didn't budge all that much in the wake of the meeting, but expectations for a hike next month firmed a little and traders pushed any hopes for cuts deeper into 2024.

"The conditions we need to see ... to get inflation down are coming into place," Fed Chair Jerome Powell said. "But the process of that actually working on inflation is going to take some time."

CHINA SLOWDOWN

In Asia, the focus was on China where industrial output and retail sales figures fell short of market forecasts and property investment and home sales tumbled at a sharper pace, in the latest sign the country's post-pandemic economic recovery is losing steam.

China cut a key benchmark, its medium-term loan rates, by 10 bps -- two days after trimming short-term rates -- and the yuan hit a six-month low in anticipation that more support is on the way, before steadying somewhat.

"Expectations are building that additional stimulus will come from Beijing and this could be the much needed catalyst for the Chinese market to overcome a disappointing first half," said Tai Hui, Asia-Pacific chief strategist at J.P. Morgan Asset Management.

Elsewhere those hopes and strong Australian jobs data leant support to the Aussie dollar, which was firm at $0.6822, while the New Zealand dollar was on the ropes after data showed the economy shrank into recession this year.

That likely confirms an end to rate hikes and the kiwi was last down 0.2% at $0.6197.

The euro, which has been grinding higher on the dollar for about two weeks on signs of slowing U.S. inflation and hints of cooling in the labour market, faces its next test when the ECB meets later in the day. A 25 bps hike is expected.

The yen slipped as expectations build that the BOJ makes no policy adjustments when its two-day meeting ends on Friday. Japanese government bonds rallied a little.

Oil steadied with benchmark Brent crude futures up 0.5% to $73.55 a barrel.

Gold, which pays no income, was pressured by expectations for U.S. interest rates to linger at high levels, and fell to a two-week low of $1,934 an ounce.

Bitcoin dropped 3% overnight and nursed losses just below $25,000. - Reuters

Posted by Good123 > 2023-06-15 16:54 | Report Abuse

Total nilsi dagangan rm120K+ siput. Wait4big boss beli beberapa juta RM

Posted by Good123 > 2023-06-15 21:47 | Report Abuse

Why Are Chinese Stocks BABA, JD, PDD Up Today?
BABA and lowered interest rates are helping Chinese stocks today

25m ago · By William White, InvestorPlace Writer
Chinese stocks are climbing higher on Thursday.
This follows Alibaba (BABA) announcing expansion plans.
The country’s central bank also lowered interest rates.

Posted by Good123 > 2023-06-15 22:30 | Report Abuse

accumulate more n more in stages... usah panik :)

Time Frame:
Monthly
Download Data
06/15/2021 - 06/15/2023

Date

Price

Open

High

Low

Vol.

Change %
06/01/2023 0.075 0.085 0.085 0.075 1.56M -11.76%
05/01/2023 0.085 0.100 0.105 0.085 862.90K -15.00%
04/01/2023 0.100 0.095 0.110 0.090 3.30M +5.26%
03/01/2023 0.095 0.335 0.340 0.090 439.19M -71.64%
02/01/2023 0.335 0.280 0.350 0.270 349.99M +19.64%
01/01/2023 0.280 0.260 0.295 0.230 365.37M +7.69%
12/01/2022 0.260 0.200 0.260 0.200 369.10M +30.00%
11/01/2022 0.200 0.150 0.205 0.145 328.82M +37.93%
10/01/2022 0.145 0.085 0.150 0.080 106.46M +70.59%
09/01/2022 0.085 0.085 0.095 0.080 2.12M -5.56%
08/01/2022 0.090 0.085 0.100 0.080 3.36M +5.88%
07/01/2022 0.085 0.085 0.095 0.080 2.24M -10.53%
06/01/2022 0.095 0.095 0.105 0.085 3.95M 0.00%
05/01/2022 0.095 0.100 0.115 0.095 6.71M -9.52%
04/01/2022 0.105 0.095 0.110 0.095 7.80M +10.53%
03/01/2022 0.095 0.100 0.105 0.085 4.83M -5.00%
02/01/2022 0.100 0.105 0.120 0.095 10.09M 0.00%
01/01/2022 0.100 0.105 0.125 0.095 26.38M -4.76%
12/01/2021 0.105 0.095 0.105 0.090 7.21M +10.53%
11/01/2021 0.095 0.115 0.115 0.095 14.19M -17.39%
10/01/2021 0.115 0.125 0.130 0.115 27.71M -8.00%
09/01/2021 0.125 0.160 0.160 0.125 76.22M -19.35%
08/01/2021 0.155 0.155 0.175 0.150 105.52M 0.00%
07/01/2021 0.155 0.160 0.195 0.155 388.17M -3.12%
Highest: 0.350 Lowest: 0.075 Difference: 0.275 Average: 0.132 Change %: -53.125

Posted by Good123 > 2023-06-15 23:41 | Report Abuse

Goldman Sachs strategists see an economic shift from “reopening to recovery” driving Chinese stocks as much as 24% higher by the end of this year.

Posted by Good123 > 2023-06-15 23:41 | Report Abuse

BREAKING
Dow rallies 300 points as Wall Street bets Fed rate hikes are nearly done

Posted by Good123 > 2023-06-15 23:43 | Report Abuse

Investing.com -- Oil prices climbed higher Thursday, bouncing after the previous session’s plunge, helped by substantial demand from Chinese refineries as well as more stimulus from the country’s central bank.

Posted by Good123 > 2023-06-16 08:17 | Report Abuse

Be patient:)

What is the market cycle for stocks?
Economic cycles range from 28 months to more than 10 years. Stock market cycles have typically anticipated economic cycles by 6–12 months on average. The cycles are familiar—the economy expands and contracts and the markets rise and fall. Our emotions often get swept up in the recurring ebb and flow.

Posted by Good123 > 2023-06-16 08:34 | Report Abuse

How big is the laboratory testing market?

Report Overview

The global clinical laboratory tests market size was estimated at USD 103.67 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030.

Posted by Good123 > 2023-06-16 08:35 | Report Abuse

What is the market potential of laboratory?

Industry trends

Clinical Laboratory Services Market size exceeded USD 231 billion in 2020 and is anticipated to grow at over 3.4% CAGR between 2021 and 2027.
https://www.gminsights.com › clinic...
Clinical Laboratory Services Market Size, Forecast Report 2021-2027

Posted by Good123 > 2023-06-16 08:36 | Report Abuse

What is the market size for environmental testing?

The global environmental testing market size was estimated at USD 11.07 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030.
https://www.grandviewresearch.com › ...
Global Environmental Testing Market Size & Share Report ...

Posted by Good123 > 2023-06-16 08:37 | Report Abuse

Environmental, Social, and Governance (ESG) factors are becoming increasingly important in investment decisions globally, and Malaysia is no exception. This discussion will delve into the rise of ESG investing in Malaysia, the impact it's had on the performance of the stock market, and the sectors that are benefiting the most. We'll also cover how ESG criteria are being integrated into investment decisions and look at the role of regulatory bodies in encouraging ESG investing.

Posted by Good123 > 2023-06-16 08:38 | Report Abuse

What are the benefits of environmental testing?
Environmental testing helps to simulates the different climatic condition & mechanical stress a product can subject to undergo during their lifetime. Also it help to simulate the lifecycle environments that are encountered by the product.

Posted by Good123 > 2023-06-16 08:41 | Report Abuse

Masanya dah tiba

Will small caps do well in 2023?
Economic growth plays a big role in the small-cap performance and the present market expectation suggests a strong year for small caps. Opportunities will abound in small-cap stocks as the year matures with potential index returns of 15-20% in 2023.

Posted by Good123 > 2023-06-16 08:50 | Report Abuse

Jumlah syer traded bulanan adalah artificially pada harga syer rendah...certain months... more to come

Change %
06/01/2023 0.075 0.085 0.085 0.075 1.56M -11.76%
05/01/2023 0.085 0.100 0.105 0.085 862.90K -15.00%
04/01/2023 0.100 0.095 0.110 0.090 3.30M +5.26%
03/01/2023 0.095 0.335 0.340 0.090 439.19M -71.64%
02/01/2023 0.335 0.280 0.350 0.270 349.99M +19.64%
01/01/2023 0.280 0.260 0.295 0.230 365.37M +7.69%
12/01/2022 0.260 0.200 0.260 0.200 369.10M +30.00%
11/01/2022 0.200 0.150 0.205 0.145 328.82M +37.93%
10/01/2022 0.145 0.085 0.150 0.080 106.46M +70.59%

Posted by Good123 > 2023-06-16 08:52 | Report Abuse

Time to fly... be the first mover... macam china turunkan kadar bunga, syer naik

Posted by Good123 > 2023-06-16 08:53 | Report Abuse

After July, PRN tamat, lagi syiok

Posted by Good123 > 2023-06-16 08:56 | Report Abuse

Pasaran saham cycle, prepare for the coming bull run :)

Closing Market Update: Rally Extends on Rate Hopes

The S&P 500 rose for the sixth straight session to a new 14-month high thanks to investor hopes that the end of the rate-hiking cycle could be near.

U.S. stocks shrugged off a brief bout of bearishness following the Federal Reserve's latest policy meeting to end broadly higher Thursday, with the S&P 500® Index (SPX) climbing for a sixth consecutive session to a fresh 14-month high amid growing investor optimism that interest rates may be near a peak.

The Nasdaq Composite (COMPX) index closed at its highest level since April 2022 as big tech companies continued to lead, and the Dow Jones Industrial Average (DJIA) ended at a six-month high.

The Fed concluded its two-day policy meeting Wednesday by hitting "pause" on a year-long string of rate hikes. While Chair Jerome Powell continues to emphasize the Fed's focus on bringing down inflation, the market's strength indicates investors still hope the end of rate hikes may be near.

Despite the improving mood in the market, however, Senior Investment Strategist Kevin Gordon notes that big companies may be playing too big of a role in pushing the benchmark indexes higher.

"While the broader market remains in an uptrend and many have been quick to declare the start of the new bull market, there are several blemishes," he says. "We haven't yet reached double-digit territory when it comes to the percentage of stocks in the S&P 500 making new 52-week highs . . . banks are still down from the market's October 2022 low, and the percentage of stocks in the Russell 2000 (RUT) trading above their 50-day moving average has failed to breach the important 90% threshold."

"This matters because we are eight months past the market's major low," he adds. "This is either the longest bear market rally in history, or the weakest start to a bull market on record. We can treat it like a bull if and when it starts acting like a bull."

Here is where the major benchmarks ended:

S&P 500 Index was up 53.25 points (1.2%) at 4,425.84;
Dow Jones industrial average was up 428.73 (1.3%) at 34,408.06;
Nasdaq Composite was up 156.34 (1.2%) at 13,782.82.
The 10-year Treasury note yield (TNX) was down about 8 basis points at 3.718%.
Cboe's Volatility Index (VIX) was up 0.61 at 14.49.

Energy was the best performing sector Thursday as WTI crude oil futures rose more than 3%, putting them back above $70 per barrel, thanks to improving demand from China. Health care and retail stocks were also strong. The euro surged above $1.09, its strongest level against the U.S. dollar in over a month, after the European Central Bank earlier Thursday hiked its benchmark deposit rate a quarter point to 3.5%, saying inflation is still too high.

Posted by Good123 > 2023-06-16 09:29 | Report Abuse

market cap below RM50mil now/// market covered msia, saudi & indon... maybe M&As soon/// be patient

Posted by Good123 > 2023-06-16 10:21 | Report Abuse

Focus is now on a potential cut in China’s benchmark loan prime rate next week, which could unlock more monetary stimulus in the country as it struggles with a post-COVID recovery.

Posted by Good123 > 2023-06-16 10:35 | Report Abuse

US-listed shares of Chinese companies Alibaba Group and JD.com each gained more than 3% after the People's Bank of China cut the borrowing cost for its medium-term policy loans for the first time in 10 months.

Posted by Good123 > 2023-06-16 11:25 | Report Abuse

selepas PRN, potensi hargA TAK TERHINGGA :)

Posted by Good123 > 2023-06-16 11:46 | Report Abuse

gang tersebut, accumulate more cheap syer from cash poor retailers first... then sudden surge macam baru2 ni.... ada wang ada untung... kesabaran adalah mustahak :)

Posted by Good123 > 2023-06-16 11:50 | Report Abuse

possible, the founder dispose off his stake in picorp, and focus on his other biz :)

http://zaiyadal.com/AboutUs.html

Posted by Good123 > 2023-06-16 11:53 | Report Abuse

Why do small-cap stocks outperform large cap stocks?
If you have a greater risk tolerance and longer time horizons, small-cap stocks tend to outperform big-caps over time because they are able to grow more rapidly than larger companies.

Posted by BILLC > 2023-06-16 12:04 | Report Abuse

Cap ayam ni jatuh terukkkk sejak Good123 masuk promote ,,,,

Posted by fl888 > 2023-06-16 12:04 | Report Abuse

New Chairman not doing anything for the shares....buta gaji dapat..

Posted by Good123 > 2023-06-16 12:13 | Report Abuse

BETUL SEKALI :)
Is it time to buy small-cap stocks?
Large-company stocks' earnings growth is likely to trail in 2024, with a predicted jump of 12.5%. And a wobbly economy means now is a prime time to buy stakes in small companies, say some experts. History shows that small-cap stocks rally before an economic rebound is clearly under way.

Posted by Good123 > 2023-06-16 12:37 | Report Abuse

we would wait for rebound... not chicken out :)

What is true about behavioral finance?
Behavioral Finance
Behavioral finance is the study of the influence of psychology on the behavior of investors or financial analysts. It also includes the subsequent effects on the markets. It focuses on the fact that investors are not always rational, have limits to their self-control, and are influenced by their own biases.

Posted by Good123 > 2023-06-16 15:07 | Report Abuse

KUALA LUMPUR: Malaysia recorded a net inflow of foreign investment of RM74.6bil in 2022 as compared to RM50.4bil in 2021.

The National Statistics Department said in a statement that as at the end of the 2022, the country's foreign direct investment (FDI) position was RM879.1bil, up from RM782bil in 2021.

Meanwhile, the country's direct investment abroad (DIA) for 2022 was RM58.6bil as compared to RM19.4bil in 2021.

The Statistics Department said Malaysia's FDIs and DIAs were encouraging as it reflected the favourable economic situation in the country that attracted foreign companies to continue their investments and similarly, local companies to expand and diversify their business activities abroad.



By sector, Malaysia's manufacturing contributed to the largest FDI flows, expanding RM17.1bil for a net inflow of RM49.5bil.

This was followed by services, which was the second highest contributor, followed by the mining sector.

The statistics department said the Americas region surpassed Asia as the highest region of FDI for 2022 with net inflows of RM42.6bil, mainly from the US, which amounted to RM37.8bil.

"Meanwhile, Asia region has been the predominant source for FDI position with a value of RM449bil, followed by Europe at RM224.5bil and the Americas at RM187.3bil as at the end of 2022," it added.

On DIA's, the country's position stood at RM607.5bil as at end-2022, compared to RM546.5bil a year before.

The services sector remained the primary sector for DIA, contributing 72.2% of the total investment, especially in financial activities.

Meanwhile, the mining and quarrying and manufacturing sectors contributed 12.5% and 10.2%, respectively.

By region, Asia overtook Europe as the region with the highest DIA flows in 2022 with a value of RM23.5bil.

The Netherlands secured the most DIA flows with RM14.3bil, followed by Indonesia with RM11.9bil and Singapore with RM11.2bil.

Posted by Good123 > 2023-06-16 15:11 | Report Abuse

The S&P 500 climbed 1.22% to end the session at 4,425.84 points, the Nasdaq increased 1.15% to 13,782.82 points, while the Dow rose 1.26% to 34,408.06 points. — Reuters

BENGALURU: The S&P 500 and Nasdaq surged on Thursday to close at their highest in 14 months, as investors cheered economic data that fuelled bets that the US Federal Reserve is nearing the end of its aggressive interest-rate hike campaign.

Treasury yields slid after a slew of economic data pointed to easing inflation, helping offset worries about future rate hikes and boosting Apple and Microsoft to record highs.

Data showed US retail sales unexpectedly rose in May as consumers spent on a range of goods including vehicles. Another data set showed jobless claims were unchanged at a seasonally adjusted 262,0000 for the week ended June 10, but were above economists' forecast of 249,000 claims.

Additionally, import prices fell in May and the annual decrease was the sharpest in three years. That followed a report on Tuesday showing April headline inflation increased by less than expected.

The Fed left rates unchanged at the 5%-5.25% range on Wednesday and indicated it may hike by at least half a percentage point this year as inflation remains persistent.

"Due to softer inflation data earlier this week and resilient economic data after the Fed meeting, the market is rallying and yields are falling because investors don't believe the Fed is as hawkish as they presented," said Ross Mayfield, an investment strategy analyst at Baird.

"The market doesn't believe they have two more hikes in the chamber."

Traders see a 67% chance of a 25-basis point rate hike in July, followed by a potential rate cut by December, according to the CME Fedwatch tool.

Thursday's gains were broad and included sectors viewed as sensitive to swings in the health of the economy. All 11 S&P 500 sector indexes rose, led by health care, up 1.55%, followed by a 1.54% gain in communication services.

US Treasury yields pulled back, lifting shares of rate-sensitive growth stocks.

Apple rose 1.1%, while Microsoft rallied 3.2%, beating its previous record high close in November 2021.

"There is a great deal of money on the sidelines of people who'd been scared of recession, and as the worries go away people are returning to equities," said David Russell, vice president of Market Intelligence at TradeStation.

So far in 2023, the S&P 500 is up about 15% and the Nasdaq has climbed about 32%, fueled by signs of economic resilience, a better-than-expected earnings season and bets that interest rates are near their peak.

The S&P 500 climbed 1.22% to end the session at 4,425.84 points.

The Nasdaq increased 1.15% to 13,782.82 points, bringing its gain this week to almost 4%.

The Dow Jones Industrial Average rose 1.26% to 34,408.06 points.

Volume on US exchanges was relatively heavy, with 11.8 billion shares traded, compared to an average of 10.9 billion shares over the previous 20 sessions.

Kroger Co dropped 2.7% after the big-box retailer missed first-quarter revenue estimates.

Kohl's Corp rose 2.7% after TD Cowen upgraded the department store operator to "outperform" from "market perform".

US-listed shares of Chinese companies Alibaba Group and JD.com each gained more than 3% after the People's Bank of China cut the borrowing cost for its medium-term policy loans for the first time in 10 months.

Advancing issues outnumbered falling ones within the S&P 500 by a 7.1-to-one ratio.

The S&P 500 posted 48 new highs and no new lows; the Nasdaq recorded 80 new highs and 72 new lows. — Reuters

Posted by Good123 > 2023-06-16 15:24 | Report Abuse

kalau haji&hajjah mau jualkan stakenya dalam picorp untuk fokus pada biz lain, pengerusi boleh cari pembeli untuk mereka... networknya luar biasa :)

Syed Hisham bin Syed Wazir is a Malaysian businessperson who has been at the helm of 14 different companies and currently holds the position of Independent Non-Executive Chairman for Progressive Impact Corp. Bhd., Chairman of MSM Malaysia Holdings Bhd. and Chairman of Jaybee Drilling Pvt Ltd.

He is also Member of The Institute of the Motor Industry and Member-Beta Gamma Sigma at The Ohio University and on the board of 22 other companies.

He previously was President, Group CEO & Executive Director at UMW Holdings Bhd., Managing Director & Director at Puncak Niaga Holdings Bhd., Chief Operating Officer at Naza KIA Sdn. Bhd., Chief Operating Officer at Naza Kia Services Sdn Bhn, Director & Senior Manager at Perusahaan Otomobil Kedua Sdn. Bhd., General Manager-International Business at DRB-Hicom Export Corp. Sdn. Bhd., Managing Director at Edaran Otomobil Nasional Bhd., General Manager of Proton Corp. Sdn. Bhd., President & Chief Operating Officer of Honda Malaysia Sdn. Bhd., Senior Manager-Business Division at Perusahaan Otomobil Nasional Sdn. Bhd., Director at Toyota Capital Malaysia Sdn. Bhd. and Deputy Manager-Marketing Service at HICOM Bhd.

Mr. Bin Syed Wazir received an MBA from The Ohio State University and an undergraduate degree from the University of Plymouth.


Current positions of Syed Hisham bin Syed Wazir
Name Title Since
Bermaz Auto Berhad
(Auto Vehicles, Parts & Service Retailers) Senior Independent Non-Executive Director 2016
MSM Malaysia Holdings Berhad
(Food Processing) Chairman 2020
Progressive Impact Corporation Berhad
(Environmental Services & Equipment) Independent Non-Executive Chairman 2023
Jaybee Drilling Pvt Ltd. Chairman -
Umw Industries 1985 Sdn. Bhd. Director -
National Precision Tooling Sdn. Bhd. Non-Executive Chairman 2017
Sirim Sts Sdn. Bhd. Non-Executive Director 2019
UMW Development Sdn. Bhd. Director -
Pakar Citra Sdn. Bhd. Director -
KYB-UMW Steering Malaysia Sdn. Bhd. Director -
Aman Brothers Auto Sdn. Bhd. Director -
Castwel Auto Parts Pvt Ltd. Director 2014
SIRIM QAS International Sdn. Bhd. Non-Executive Chairman 2017
Coldfusion Engineering Sdn. Bhd. Director -
Lubetech Sdn. Bhd. Director -
UMW Pennzoil Distributors Sdn. Bhd. Director -
UMW Australia Ventures Sdn. Bhd. Director -
Umw Industrial Power Sdn. Bhd. Director -
UMW (East Malaysia) Sdn. Bhd. Director -
UMW Dongshin Motech Pvt Ltd. Director 2014
Sathya Auto Pvt Ltd. Director 2014
United Seamless Tubulaar Pvt Ltd. Director 2012
UMW Oilfield International (M) Sdn. Bhd. Director -
UMW Corp. Sdn. Bhd. Director -
UMW Petropipe (Labuan) Ltd. Director -
The Ohio University Member-Beta Gamma Sigma -
The Institute of the Motor Industry Member -


Syed Hisham bin Syed Wazir: Personal Network
Name Linked companies
Choon San Yeoh Bermaz Auto Berhad
The Institute of the Motor Industry
Ahmad Fadzil bin Mohamad Hani SIRIM QAS International Sdn. Bhd.
Abdul Hapiz bin Abdullah MSM Malaysia Holdings Berhad
Azni Binti Ariffin MSM Malaysia Holdings Berhad
Puan Adibah Khairiah Binti Ismail Bermaz Auto Berhad
Muthanna bin Abdullah MSM Malaysia Holdings Berhad
Wen Han Low Bermaz Auto Berhad
Syed Feizal Syed Mohammad MSM Malaysia Holdings Berhad
Kalsom binti Abdul Rahman Bermaz Auto Berhad
Kok Chuan Lee Bermaz Auto Berhad

Posted by Good123 > 2023-06-16 15:25 | Report Abuse

picorp lagi hebat jika milik konglomerat besar sama ada dari luar negara maupun domestik

Posted by Good123 > 2023-06-16 15:34 | Report Abuse

any MGOs should be between 25 to 35sen :)

Posted by Good123 > 2023-06-16 15:34 | Report Abuse

let them absorb the cheap shares from the poor retailers ya! patience is gold!

Posted by BILLC > 2023-06-16 16:01 | Report Abuse

Better don’t listen to the poor good123,,,,else you will kalah terukkkkk like those suffering in mlaps,,pasukhas,,,DLL,,,

Posted by Good123 > 2023-06-16 18:14 | Report Abuse

china stocks continue to boom, after PRN, playing catch up rigorously....

https://www.reuters.com/markets/currencies/what-is-hong-kongs-new-dual-hkdrmb-share-counter-2023-06-16/

Posted by Good123 > 2023-06-17 06:35 | Report Abuse

KUALA LUMPUR: Most small and medium enterprises (SMEs) in Malaysia are unconsciously adopting environmental, sustainable, and governance (ESG) practices, according to Grant Thornton Malaysia.

These practices would include going paperless, using mugs instead of plastic or paper cups, reducing carbon emissions by saving electricity, and encouraging staff to track their own carbon footprints, said country chief executive officer Kishan Jasani.

"In fact, employee well-being is also an emerging ESG concern for companies and investors (and) this is being addressed through initiatives such as flexible working hours and internal wellness programmes.

"Most SMEs are heading in the right direction as they believe that committing to ESG practices can create long-term value, foster a strong workforce and lead to increase business opportunities,” he told Bernama recently.

Jasani said that based on the accounting firm's survey last year involving more than 5,000 SMEs around the world, one out of five SMEs aimed to contribute to the net-zero target.

"The main motivations identified for adopting such practices were to improve productivity, achieve cost savings and enhance brand reputation,” he said.

Moreover, he noted that the nature of ESG would evolve in response to global changes, underscoring its growing importance for innovation, business resilience, and sustainable growth.

"Based on Grant Thornton International Business Report 2022, two-thirds of the companies required to produce a sustainability report had already done so for scope one and two greenhouse gases (GHG) emissions.

"However, only one-third of the companies are reporting on scope three GHG emissions, while 75 per cent of mid-market companies are not reporting due to their unfamiliarity with this area and lack of knowledge regarding the value chain.

"I believe that with assistance from regulators such as the Companies Commission of Malaysia and Bursa Malaysia, more companies will undertake reporting and receive clearer guidance to improve their practices,” said Jasani.

Meanwhile, United Nations Global Compact Network Malaysia and Brunei (UNGCMYB) programmes and SME Centre of Excellence director Shanta Helena Dwarkasing said SMEs would be welcome to assess their climate action readiness level via UNGCMYB’s climate action programme for the supply chain, namely promoting green, resilient and sustainable SMEs (Pro-Gress) toolkit.

"The programme, in collaboration with Alliance Bank, also provides SMEs with peer benchmarking, getting a customised climate transition action plan and tapping into the ecosystem to improve climate resilience.

"Besides that, they can also access our SME ESG Hub website to get a comprehensive guide and resources on achieving ESG practices for beginners.

"The hub consists of four gateways in which they can access the various resources, namely to inspire, plan, act and communicate on their ESG journey,” she added. - Bernama

Posted by Good123 > 2023-06-17 08:58 | Report Abuse

Sama saja dimana-mana.. kitaran pasaran saham, giliran Malaysia anytime :) nanti berebut-rebut untuk mrmbeli lebih :p


The 15% year-to-date rally in the S&P 500 is pulling once doubtful investors back into the market. Many who had whittled down stock holdings during 2022's painful decline are shifting gears.

NEW YORK: A few months ago, most investors feared having too much exposure to equities. Now many are worried they may not have enough.

The 15% year-to-date rally in the S&P 500 is pulling once doubtful investors back into the market. Many who had whittled down stock holdings during 2022's painful decline are shifting gears.

Posted by Good123 > 2023-06-17 21:27 | Report Abuse

KUALA LUMPUR: Late buying lifted Bursa Malaysia to end at its intraday high Friday, in sync with the upbeat performance in regional bourses as market sentiment turned positive, fuelling investors' risk appetite.

Posted by Good123 > 2023-06-18 12:36 | Report Abuse

The Nasdaq also ended the week lower, although the index and the S&P 500 remained near 14-month highs after economic data this week pointed to cooling inflation, eclipsing concerns about further rate hikes.