Because with a healthy counter, with good news and good sentiment, price dropped from 0.47 to 0.31, but no sign of big rebounds means that's actually they are collectiing cheap shares
Oil sees biggest daily gain of 2020 as traders hope for OPEC cuts this week By Myra P. Saefong, Barbara Kollmeyer Published: Mar 2, 2020 3:11 pm ET WTI, Brent crude each climb by 4.5% on Monday All eyes on OPEC and its allies. All eyes on OPEC and its allies. Oil futures settled Monday with a gain of more than 4%—the biggest daily percentage climb of the year—boosted by optimism that OPEC and its allies will soon announce additional production cuts.
Prices also found support from expectations that global central banks are ready to support economies amid the coronavirus outbreak.
That’s on the heels of the biggest weekly percentage loss in over a decade for West Texas Intermediate crude driven by investor fears the spread of COVID-19 would significantly hurt crude demand.
“Signs of monetary and fiscal stimulus as well as possible further production cuts from OPEC+ later in the week are driving a rebound in oil prices,” analysts at ICICI Bank, in a daily note.
April WTI crude futures CLJ20+2.93% climbed by $1.99, or nearly 4.5%, to settle at $46.75 a barrel on the New York Mercantile Exchange, after tumbling 5% on Friday to settle at $44.76 a barrel. For the week, the contract fell over 16%, the biggest weekly drop since December 2008, according to Dow Jones Market Data.
The global benchmark, May Brent crude UK:BRNK20+2.72% tacked on $2.23, or 4.5%, to finish at $51.90 a barrel on ICE Futures Europe. It fell 14% last week, which was the biggest weekly decline since Jan. 15, 2016.
The front-month contracts for both WTI and Brent posted their largest one-day percentage gains since Sept. 16, 2019, according to Dow Jones Market Data.
Every single minute got some signal selling, means EPF and Armada operator are waiting for shorties to keep shorting, then they can collect cheap? If not the price already up
PUTRAJAYA: Perdana Menteri, Tan Sri Muhyiddin Yassin, hari ini memulakan tugas hari kedua dengan menghadiri taklimat ekonomi oleh kepemimpinan tertinggi di Kementerian Kewangan.
Taklimat bermula jam 9 pagi, dihadiri Ketua Setiausaha Perbendaharaan, Tan Sri Ahmad Badri Mohd Zahir; Ketua Setiausaha Kementerian Hal Ehwal Ekonomi, Datuk Saiful Anuar Lebai Hussen; Ketua Ekonomi, Bahagian Fiskal dan Ekonomi, Kementerian Kewangan, Dr V. Sivabalasingam dan Pengarah Belanjawan Negara, Johan Mahmood Merican.
Turut hadir Ketua Setiausaha Negara, Datuk Seri Mohd Zuki Ali.
Muhyiddin juga dijadualkan mendengar taklimat Status COVID-19 oleh Pasukan Petugas Khas Kementerian Kesihatan pada jam 11 pagi ini, disusuli pertemuan bersama Mufti Wilayah Persekutuan, Datuk Seri Dr Zulkifli Mohamad Al-Bakri.
@死鸡撑饭盖 conman rj87 seems most of the forums got scammers/promoters v slick professionals,easy to identify, these ids are active from early morning until late in the night. Its like a mahjong game 3 (A,B,C) n you . A promote, B acts as enemy of A, C is the joker, to influence you on the "trend", n whether shd buy or sell. BE AWARE OF DANGERS IN I3 FORUM.
There are fake account...死鸡撑饭盖 conman rj87, ITSTINKS
But they are honest that they are here to 玩都底! How stupid ~ make ur own judgement. _____________________________________________ 死鸡撑饭盖 conman rj87 you want to play right connman rj87?!我同你玩都底!扑街仔rj87 03/03/2020 12:52 PM
Orderbook: Armada(17.5+10Bil), Yinson (est RM40bil) Core Profit - 53mil - RM90.9mil (Can check the IB Report) PE : Armada(0.31/0.04 = 7.75X), Yinson (7/0.2216 = 31.5X) Price to book value : Armada (0.3/0.55 = 0.55X), Yinson (7/1.58=4.43X) Current Ratio: Armada (2.24/2 = 1.49X, Yinson (2.27/1.25 = 1.86X) Total Ratio: Armada(14Bil/9.5 = 1.47X), Yinson (9.5/5.58 = 1.7X)
This 2 company quite similar. If u don't like the debts, u discount 50% from Market Cap. Armada at least worth RM4bil at 60sen. If you don't want discount from market cap. Discount from 70% from earnings, at PE 12 is 48sen. Yinson can go buy premium. Come to Armada, discount this discount that.
Facts, from balance sheet. If this Gary can focus on FPSO and sell the stupid OMS, Armada wouldn't be in this mess. As long as Gary pursuing in that direction, I will still recommend buy calls like the 5 BANKs(ARBB got ZERO bank support). Wait everything settle...should be okay...U got con from 48sen drop to 31 sen from bad quarters (35% losses). Well, bad quarters fault.
ARBB, got conned from 35sen to 23sen(35% loss) with a good quarter. That's a bigger con.
Still want to play huh? U can create 1000 accounts also no use. I'm not intimidated by bullying tactic.
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....
TAK1
1,458 posts
Posted by TAK1 > 2020-03-03 08:53 | Report Abuse
Ids banned in indonesia till further notice.