I'm fine woulong!! Haha nice u bck. Meaning more huat ahead. I sell at 1.60 n reenter bck at 1.50. Now waiting for 2.00 n I'm confident it will meet short termly via stronger USd + cheap raw material (oil) :=) Wow u still holding scgm & uli. Pretty profit already. Still have more upfront?
Oil prices fall on oversupply concerns, weaker dollar support Publish date: Wed, 29 Jul 2015, 11:37 AM SINGAPORE: Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in U.S. crude stocks and a weakening dollar.
Asian investors focused on OPEC production figures that showed members of the Organization of the Petroleum Exporting Countries produced around 3 million barrels of oil per day more than daily demand in the second quarter, a Reuters survey showed.
"Glut is the word," said Ric Spooner, chief market analyst at Sydney's CMC Markets.
OPEC members pumped 31.25 million barrels per day (bpd) in the second quarter against demand of 28.26 million bpd, the Reuters data showed.
Both Brent and U.S. crude came off session lows on Tuesday after data from industry group the American Petroleum Institute showed U.S. commercial crude stocks fell by 1.9 million barrels last week to 462 million, against analysts' expectations of a 184,000 barrel draw.
"It was the first time since July 14 the market has seen any sign of a bit of a bounce, albeit temporary," Spooner said.
The Department of Energy's Energy Information Administration will release official U.S. oil inventory data later on Wednesday.
Brent futures for September delivery fell 14 cents to $53.16 as of 0236 GMT after falling 17 cents in the previous session when it hit an intra-day low of $52.28, its lowest since Feb. 2, on concerns over China's stock market plunge.
U.S. crude for September delivery dropped 12 cents to $47.86 a barrel, after ending the previous session up 59 cents.
Investors were also awaiting the outcome of a U.S. Federal Reserve meeting later on Wednesday that could confirm a rise in U.S. interest rates as early as September.
A stronger dollar makes dollar-denominated commodities, including oil, more expensive for buyers using other currencies.
Spooner expected the Fed to confirm market expectations of an increase in interest rates this year.
"But the rate of increase will be very modest," he said.
"My view is the dollar is positioned for a bit of a decline," because any hike had already been priced into currency markets, Spooner said.
The dollar slipped against a basket of six major currencies in Asian trade on Wednesday, while the euro gained against the dollar. The dollar index fell to 96.505, or 0.27 percent, after closing up at 96.745 in the previous session. -- REUTERS 个人浅见,原油的副产品是制作树脂的材料,美元稳定,2015年首季的出口占總銷售的57.0%, 对公司的未来净利向好。美元匯率每起5.0%,料使該公司2016年淨利增加3.1%至2千890萬令吉。 肯納格研究保持財測,2015年核心淨利為2千140萬令吉、2016年淨利則為 2千800萬令吉。合理目標價1令吉76仙,並給予“超越大市”評級。 相关同行领域如 scgm,skpres的股价走势可做借镜.
SLP Resources was testing the MYR1.56 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.71, followed by MYR1.81. In the meantime, the stock may consolidate further if the MYR1.56 level cannot be surpassed. Support may be found at MYR1.37, where traders can exit upon a breach to avoid a further correction.
I took from a reliable source hints that SLP net profit could hit RM27.0 million in 2015 versus the Kenanga Research forecasted net profit of RM21.4 million and getting a very encouraging surplus of 5.6 million. The 2014 actual net earnings stood at RM12.13 million.
From the readings above, we could conclude that SLP has outperformed the existing bearish market with superb growth earnings.
(Kenanga Research August Report outlook: FY15E may continue to see better quarters ahead in light of the favourable USD exchange rate and assumptions of RM3.65 - RM3.60 for FY15 - 16E. For every 5.0% increase in the USD/MYR will result in 3.1% impact to FY16E earnings. We maintain OUTPERFORM of TP RM1.76 and may review our earning estimations if margins are better than expected in the coming quarters or if the USD-MYR dynamics moves beyond our assumptions, and make no changes to our FY15-16E NPs of RM21.4m- RM28.0m.)
As at today 16/09/15 exchange rate (1USD = RM4.25) versus Kenanga average assumption of RM3.65 for FY15, the USD has appreciated more than 15%.
Refers to the above data, I suppose Kenanga Research should review the earnings forecast and the TP soon for the following reasons:-
1) The earnings beat research house forecast. 2) Strong USD denominated export sales and enjoying low oil prices.
Hai! Loll; don’t expect the prices will drop as what we are expecting for. And also don’t be surprise that the prices are going to hit new record high with marvellous earnings.
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duitKWSPkita
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Posted by duitKWSPkita > 2015-06-19 09:51 | Report Abuse
这一轮应该会送马币。该不会是美元