This share cimb give target price ~ rm 1.20 Quek price for this is 0.44 sen Mara price 0.80 sen Cheap cheap now just looking at its fabrication facility & cash in hand
good momentum today, tomorrow have chance to rally if: 1) DJI up or drop not much(minor correction) 2) Crude Oil up/maintain (which imo should be up because the OPEC meeting is coming soon)
base on my experiences, thheavy will start moving just that some punters wanted it to go down wakakakaka..these punters will lose a lot of money trying to press down the price until the WA cease to trade
one person pushing up is heavy...two person is also tough...what about the whole market ...wakakakakaka...the punters will have their ass fried...wakakakaka
China's central bank cut interest rates last week, and this supported energy prices, which have not been this low for some time. Even though it is difficult to predict the course of prices over the next few weeks, we believe that the market had fully anticipated the bad news and that a rally is in the works. The next meeting of OPEC members is scheduled forNovember 27 In the lead-up to next week's meeting, a growing number of analysts expect the cartel to cut production to slow the drop in oil prices. A reduction of one million barrels per day would have an immediate impact on prices. We were interested in comments made by Rafael Ramirez, Venezuela's Foreign Minister, who said that Venezuela would be interested in cutting back production as part of an agreement among the leading international actors. Venezuela has also entered into discussions with Russia to find a solution to the current situation On Friday, Russia also said that it was willing to cooperate with Saudi Arabia to trim production. Coordinated action by Russia and OPEC would clearly have a major impact on prices. Even though a production cutback would negatively affect Russia's oil revenues, this would be more than offset by higher prices. Saudi Arabia and Russia are the world's two largest oil producing countries, together accounting for over 20% of global production. Revenues from oil and natural gas exports represent 50% of Russia's revenues, and the recent drop in prices has pushed its economy toward recession. To balance its budget, Russia needs oil to be selling at $100 per barrel in 2014 and $90 per barrel in 2015 According to the latest data from Bloomberg, more cash is now flowing into funds that replicate the price of crude oil than we have seen since June 2012. Have a good week!
it's more like a forecast than a news if you want to enter in a safer point, maybe wait after OPEC meeting then only decide whether to enter or not you can enter now if you have faith on the OPEC will cut their production
actually it is a very simple thing to understand. if u have invested in TH and now scraping the barrel bottom, just think how much losses for countries like venezuela. it is better for them to cut production and save the stockpile than just pump out and lose foreign currency. that said, you will realise that no oil stock will stay long at this level. when all are down, the only way is up. so, go figure whther at current prices, TH is a steal or liability
wakakaka..bunch of jokers...how can oil keeps falling..you nuts! I can bet my head on it, you will regret it if you sell THHEavy base on oil price up or down...wakakakaka
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....
calvintaneng
56,242 posts
Posted by calvintaneng > 2014-11-24 09:36 | Report Abuse
Fools?
Lots of Fools bought at RM1.03 expecting it to go to RM1.08
Are the fools still holding out?