KLCC price has not moved much (-8%) despite the onslaught of global markets (KLCI:-28%, DJIA:-35%, NASDAQ: -30%).
So many things just don't add up. For March and April, if you go to Googlemap, you can find that their footfall dropped for more than 90%. Yes, they may have the secure Triple A net lease from Petronas but thats only half of their revenue. Also, at USD16-20 bbl, even Petronas is squeezed!
Also, Neiman Marcus in the US is already filing for bankruptcy. People must be smoking something strange if they think KLCC is not impacted. Let's wait for the numbers to come out. (If only there's an option to short!)
Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:
1. Parliament will be dissolved and a snap election will be called 2. A state of Emergency in the whole country will be declared by YDPA 3. Muhyiddin will resign and YDPA will appoint an interim PM 4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.
Will the market go down? Will it crash? Take profit now or wait?
Price correction coming as shown in TA chart. RSI at 80% all time high. MACD all time high and about to cross like previous crossing. Volume down
KUALA LUMPUR (Dec 3): Supermax Corp Bhd has been added to the FTSE Bursa Malaysia KLCI, following the semi-annual review of the FTSE Bursa Malaysia Index Series today. In a statement by Bursa Malaysia today, it said KLCC Property Holdings Bhd and KLCC REIT (KLCCP Stapled) will be removed from the index.
Meanwhile, Petronas is also offering 140 million stapled securities, or 7.75% of KLCCSS, comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust, to investors at RM7.12 per stapled security. The chunk of securities is valued at RM996.8 million at the offer price, which is at a 6.03% discount to its five-day VWAP of RM7.5765 up to Dec 10 and a 5.7% discount to its closing price of RM7.55.
Operator buys in bloc shares and off load in the market for profit. This happens everytime they buy at a discount. Immediate gains sure sell la. Their resistance normally is towards the price they enter.
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....
Nighelanghelo
65 posts
Posted by Nighelanghelo > 2020-03-23 22:22 | Report Abuse
the tun razak tower 106 completion marks peak of the bull run....