Don't commit suicide, just move on and forget your past haha
"When stock can be bought below a business's value it is probably the best use of cash." - Warren Buffett "Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. ... "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."- Warren Buffett
Remember that the stock market is a manic depressive.”
For any consumer of daily financial news, this will ring true. Equity markets swing wildly from day to day on the smallest of news, rally, and crash on sentiment, and celebrate or vilify the most inane data points. It’s important not to get caught up in the madness but stick to your homework.
The 100 Best Warren Buffett Quotes Here’s a long list of valuable wisdom from The Oracle of Omaha that all investors need to hear. Matthew Frankel, CFP Matthew Frankel, CFP (TMFMathGuy) Updated: Aug 30, 2019 at 1:45PM Author Bio Warren Buffett is widely considered to be the top investor of all time. Over his 54-year tenure at Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B), Buffett has generated 20.5% annualized returns for shareholders -- more than double the rate of return achieved by the S
KUALA LUMPUR (Dec 5): The FTSE Bursa Malaysia KLCI (FBM KLCI) is set to trade between 1,640 and 1,650 next week, bolstered by window-dressing activities which are expected to kick off then.
However, a knee-jerk reaction is expected on Monday, triggered by Fitch Ratings’ downgrade of Malaysia's long-term foreign-currency issuer default rating (IDR) to 'BBB ' from 'A-' with a stable outlook.
Inter-Pacific Asset Management Sdn Bhd chief executive officer Datuk Dr Nazri Khan said December had historically been a positive month for the FBM KLCI; hence it may see the market rise slowly from previously.
He said among the positive catalysts for the market going forward were optimism over Covid-19 vaccines and the government’s Budget 2021, better-than-expected third quarter results, as well as continued interest in shares of companies seen as beneficiaries of an anticipated economic recovery.
“We are flush with liquidity and more is coming. Foreign inflow for this week was pretty much better, which means we are on the way back to normalcy,” he told Bernama.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim believes the knee-jerk reaction to the downgrade of Malaysia’s sovereign rating would be temporary.
“Possibly bond yields for Malaysian Government Securities will drop as many investors rush to the bond market. The ringgit too will be adversely impacted, but things may recover quickly after that,” he said, adding that lingering political jitters could also possibly hamper sentiment on Bursa Malaysia.
In responses to the Fitch revision, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said its decision did not give due justice and credit to Malaysia’s crisis response efforts and strong economic fundamentals.
Fitch also expects Malaysia’s Gross Domestic Product (GDP) to shrink by 6.1% in 2020 before rebounding by 6.7% in 2021 due to base effects, a revival of infrastructure projects and an ongoing recovery of exports of manufactured goods and commodities.
The rating agency is of the view that Budget 2021’s targets of a deficit of 5.4% to GDP for 2021 and an average deficit of 4.5% of GDP from 2021 through 2023, are achievable.
On Friday, market sentiment soured after Perak Menteri Besar Datuk Seri Ahmad Faizal Azumu lost a motion of confidence vote that was tabled against him at the state assembly sitting.
Hence, Adam said any further development on the vaccine would be watched closely.
During the week, vaccine developments and oil prices have significantly influenced domestic shares’ performance.
The market reacted negatively after Pfizer Inc slashed its Covid-19 vaccine shipment target for the year. Earlier this week, the United Kingdom had authorised Pfizer's vaccine for emergency use in that country from next week.
The oil market received a boost with the Brent crude hovering near US$50 per barrel, after the Organisation of the Petroleum Exporting Countries and allies agreed to ease total output cuts by a lesser amount than what was expected as they would increase the daily output by 500,000 barrels in January.
On a Friday-to-Friday basis, the FBM KLCI gained 14.26 points to 1,621.85 from 1,607.59 a week earlier.
On the scoreboard, the FBM Emas Index expanded 198.69 points to 11,740.72, the FBMT 100 Index climbed 172.81 points to 11,493.96, and the FBM Emas Shariah Index surged 238.26 points to 13,507.17.
The FBM 70 soared 509.16 points to 15,249.55 and the FBM ACE Index added 35.48 points to 10624.97.
Sector-wise, the Financial Services Index jumped 281.35 points to 14,517.45, the Plantation Index was 113.51 points stronger at 7,349.40, and the Industrial Products and Services Index added 11.31 points to 173.79.
The Technology Index inched up 2.21 points to 67.14, the Energy Index gained 116.45 points to 919.81 and the Healthcare Index lost 43.63 points to 3,922.73.
Weekly turnover increased to 54.02 billion units worth RM31.40 billion from 45.97 billion units worth RM23.18 billion last week.
Main Market volume rose to 34.65 billion shares valued at 25.85 billion versus 20.46 billion shares valued at RM17.16 billion previously.
Warrants turnover expanded to 3.72 billion units worth RM687.85 million from 3.30 billion units worth RM586.75 million in the previous week.
The ACE Market volume contracted to 15.63 billion shares valued at RM4.85 billion from 19.39 billion shares valued at RM5.40 billion previously.
reason for PP, minimum borrowing for capex and growth. "You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing," he said. "I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it."
This victor good123 try hard to lure newbies. Spread fake news all around. At last nothing gain. Wanna goreng before EGM but nobody interested anymore with this scam. People goreng at vaccine counters la. You stuck here. Kah kah kah
Beware of Victor Yong , he keep spreading fake info at i3 and klse screener forum you may go to KLSe screener Permaju-PA,keep on tellng people its under value worth to buy.. 居心可测?
Lu kaki goreng saja victor. Tak payah sembang jadi investor like warren buffett. Cari makan pun mau tipu orang kah? Banyak busuk lu punya hati. Talk about chart la mfckr not about news. Kah kah kah
I also commented on dayang, Astro, ytl, ytlreits, mct, aeon, mynews, etc haha
Korang tiga suku. :)
@ halooo This victor good123 try hard to lure newbies. Spread fake news all around. At last nothing gain. Wanna goreng before EGM but nobody interested anymore with this scam. People goreng at vaccine counters la. You stuck here. Kah kah kah 05/12/2020 1:28 PM
halooo Tokok only. Share news not related to XOX. Lu sudah habis modal kah? Kah kah kah 05/12/2020 1:31 PM
yeochingu Beware of Victor Yong , he keep spreading fake info at i3 and klse screener forum you may go to KLSe screener Permaju-PA,keep on tellng people its under value worth to buy.. 居心可测? 05/12/2020 1:55 PM
bri4n_Loo Both are cyber DOGS. spreading news to trap newbies. Careful ya 05/12/2020 2:05 PM
Victor Yong I also commented on dayang, Astro, ytl, ytlreits, mct, aeon, mynews, etc haha
Korang tiga suku. :)
Puih go die la you. Win few bids then ciao. Mau lure newbies somemore. People like you all sapu as long can achieve short term target but the way you wanna trap newbies very cruel. Talk about invest but you punters saja ma. Mana ada stay lama.
Wow, superb great news ! ANTZ just got the digital license from Singapore !
Like that tommorrow XOX will spike up like mad already liao lah ! Tommorrow XOX probably will be opened at=> 0.20 (+0.095) (+90.5 %) ! and closed at=> 0.40 (+0.295) (+281 %) ! Keep it up XOX !
tkl88 Wow, superb great news ! ANTZ just got the digital license from Singapore !
Like that tommorrow XOX will spike up like mad already liao lah ! Tommorrow XOX probably will be opened at=> 0.20 (+0.095) (+90.5 %) ! and closed at=> 0.40 (+0.295) (+281 %) ! Keep it up XOX !
M’sian Telco XOX Partners With Alibaba’s AntChain To Develop Blockchain Solution For Pharmaceutical Sector
Esther Chung Esther Chung 2 months ago
Credit: XOX Bhd XOX Bhd recently announced their strategic partnership with AntChain, and is planning to develop customised blockchain solutions for the pharmaceutical sector.
This will be developed on the local telco’s TraX platform, which is powered by AntChain’s Traceability-as-a-Service (TaaS) solution that is combined with the Internet of Things (IoT) technologies. AntChain is a blockchain solution created by Ant Group, an affiliate company of Alibaba.
XOX Chief Operating Officer Ng Kok Heng explained that the blockchain solution developed on TraX will be able to provide scalable and cost-efficient solutions to companies, at the same time preventing fraud and ensuring product authentication.
Dec 7): Asian stocks will look to build on the recent momentum that pushed U.S. shares to fresh records on Friday as investors weighed the outlook for policy support and signs the deployment of a vaccine may be nearing. The pound fell as concern grew on a Brexit deal.
The S&P 500 notched a fresh all-time high on Friday, when equity futures in Japan and Australia climbed. Treasuries ended last week with the benchmark yield just under 1%, the highest in nine months. The pound retreated as investors questioned how close Britain and the European Union are to sealing a final Brexit trade agreement.
U.S. payrolls figures Friday showed a less-than-forecast increase, fueling hope in some corners for more federal relief. On the virus front, U.S. Health and Human Services Secretary Alex Azar said all Americans who want a vaccination should be able to get one by the second quarter of next year and that vaccinations could begin as early as Friday.
“Investors are yet to fully discount the potential for a very strong economic and profit recovery next year as stimulus combines with vaccines,” said Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. “The deployment of vaccines is getting closer” and this is “continuing to help share markets look through the current problems with the virus and its economic impact.”
Xox and ant group , digital bank in Malaysia next?
Ant Group wins Singapore digital wholesale banking licence
A consortium comprising Greenland Financial Holdings Group was also awarded a digital wholesale bank licence by the Monetary Authority of Singapore Both banks are expected to start operations from early 2022, MAS said
Digital Banking holds promising future in Malaysia: MoF Bernama / Bernama
November 06, 2020 18:28 pm +08
-A+A KUALA LUMPUR (Nov 6): Digital Banking holds a promising future in Malaysia and the journey towards establishing digital banks will become a reality with the digital transformation in the Malaysian financial landscape.
The Ministry of Finance (MoF), in its Economic Outlook 2021 report released today, said a digital bank is essentially a virtual bank which operates in a digital environment and is devoid of brick-and-mortar presence of a traditional bank.
However, it said digital banks would offer similar services to that of traditional banks, such as savings and current accounts, withdrawals and transfers, and as such, is expected to revolutionise the financial landscape by offering financial services through digital and automated platforms.
It said currently, Australia, Brazil, Canada, China, Germany, Hong Kong, South Korea, South Africa, Taiwan, the Philippines, the UK, and the US have established their own digital banks while Singapore is expected to issue its digital bank licences in 2020.
“Meanwhile, Bank Negara Malaysia (BNM) is at the stage of finalising the updated Exposure Draft on Licensing Framework for Digital Banks issued on March 3, 2020.
“With this development, Malaysia looks forward to establish several digital banks in the near future, the way for a more vibrant financial services landscape,” it said.
The MoF said the establishment of an effective regulatory ecosystem for digital banks in Malaysia is still in progress with the updated draft by BNM on March 3, 2020 having proposed a balanced approach to enable the admission of digital banks, with strong value propositions while safeguarding the integrity and stability of the financial system.
It said through the framework, up to five licences might be issued subjected to the applicants' ability to meet the requirements of the Financial Services Act 2013 and the Islamic Financial Services Act 2013.
The Ministry said the journey towards the establishment of digital banks is an expected progression in the Malaysian financial market as the country evolves into a digital economy.
It said for the transformation to materialise, a whole new wave of digital products and solutions must be in place, supported by a robust regulatory ecosystem, innovative technology and cultural adaptation to accelerate economic growth and financial inclusion in Malaysia.
Furthermore, it said the COVID-19 pandemic, which has accelerated remote and contactless transactions, also provides the impetus for the establishment of digital banks.
On the other hand, it said the road towards digital banks also requires digital transformation, mastering new skills, adopting new processes, and changing the way business is being done.
Thus, it said all interested parties need to reform their business models and culture and emphasise innovation as well as greater adoption of big data analytics to create a customer-centric orientation.
The Ministry said the transition to digital banks may not be straightforward and could disrupt financial services.
Traditional banks, it said, may also form new ventures and apply for a digital bank licence as part of efforts to reform their business model of which the model must also cater to the underserved and unserved segments of society such as low-income individuals, early income millennials, start-ups, as well as small and medium enterprises.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 565 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12946 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
The Captain
88 posts
Posted by The Captain > 2020-12-05 09:53 | Report Abuse
just sell xox. badnews is coming.