Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
FOR CHARTS, PLS VIEW OUR BLOG
http://chrissyconn.blogspot.com/
JP Morgan downgrades Malaysia to 'underweight' 10 May 2016, AM 11:00 Updated 10 May 2016, AM 11:51
JP Morgan Asia equity research team today downgraded Malaysia's status to underweight.
They cited their concern about Malaysian banks, which also account for about 30 percent of the iShares MSCI Malaysia ETF (EWM) as one of the main reasons for the downgrade.
"Negative outlook on financials driven by increasing credit costs due to declining loan and deposit growth. Banks are grappling with rising non-performing loans (expected to peak at 3.1 percent in 2018)," they said, according to a report by Barron's Asia.
The iShares MSCI Malaysia ETF had fallen 7.7 percent in the second quarter, which makes it the second worst performing market in Asia after Taiwan.
Meanwhile, JP Morgan had lifted Australia from underweight to neutral, mainly due to the recent earning results from three of their banks.
The three banks are Westpac Banking Corporation, Australia and New Zealand Banking Group and National Australia Bank.
Those three banks, along with Commonwealth Bank of Australia, constitute about 30 percent of the iShares MSCI Australia ETF.
The state-owned investor asked banks to pitch for a role arranging the sale of about 2 percent each in Tenaga Nasional Bhd., IHH Healthcare Bhd. and Axiata Group Bhd., according to the people, who asked not to be identified as the information is private.
Bilis Bilis Abt selling the Cs (my private and confidential plan---please dont tell others ok?):
I bot c21 n C20 early this morning as mentioned in the 1st/earliest post, so if i sell out today ,it will SAME DAY contra set-off for me ,i like it this way!!
My calculation for C is ---Close around 4.30-5pm C20 0.25 0.255 C21 0.29-0.295 I am oredi there q-ing
You can see i bare all today, not even bra n undies...
Also :I am more confident abt HSI index, but I am not sure abt the CROOKED-MAKUALI maintaining the C-prices that we bot, i read too many official complaints against them ,i did posted one singapore one up.... they are like hantu ,brought C20 (also C19,21,32,36....) from 0.50 to 0.18 and now HSI same rebound bring unequal C price rebound.....
Also tomorrow is another ,we play again.... 10/05/2016 15:45
After 5pm the HSI will do a higher high....I sure be monitoring becos i want to make moneys tomorrow...(as i said, i don wan to miss out on the 1000 round friday--monday, according to latukkong!!!)
ozzie, my long lost bro, just back from melb? soli i so absorbed by the hsi n makuali-cm i didnt greet u....my hair (see n don see on) almost dropped all, soon we claim to be twin!! ok... Tomolo u join me make some milo $$$ on HSI?
Posted by connie > May 10, 2016 04:23 PM | Report Abuse
billyyyyyyy .. why u only play hsi one ah ????? other 'girls' u no see at all kah ???
----------------------------- Why not? did you miss this i posted for u? ------
"""......... My Queen NYONYA : I found another "sugar-daddy yang gatal" (beside Tan Sri A3) Another Tan Sri, Perwaja....now he chicken feed us 0.10-0.15 come thursday...after that we potong him together like huge white carrot...ok? 10/05/2016 13:00 .............."
Fitch: 1MDB default highlights uncertainty on its finances, governance
KUALA LUMPUR (May 10): 1Malaysia Development Bhd's (1MDB) missed bond coupon payment late last month highlights ongoing uncertainty around the finances and governance of the state-owned investment fund, said Fitch Ratings.
"We have long viewed 1MDB as a close contingent liability of the sovereign, given its strong links with the state, including Prime Minister Datuk Seri Najib Razak's role as chairman of its advisory board (which is being dissolved as the fund is wound down)," the rating agency said in a statement today.
At RM5.8 billion, 1MDB's sovereign guaranteed debt amounts to roughly 0.5% of forecast 2016 gross domestic product (GDP).
Total debt currently disclosed by 1MDB is close to RM33 billion, or nearly 2.7% of forecast 2016 GDP. Federal debt was 54.5% of GDP at end-2015, so the assumption of the guaranteed debt would risk breaching Malaysia's statutory 55% ceiling, a risk that would increase if additional, unguaranteed debt were assumed.
However, Fitch is of the view that a breach would probably not in itself trigger a negative sovereign rating action, assuming the sums involved were around its estimates. The 'A' category median debt-to-GDP ratio is 52%.
On April 25, 1MDB had missed a US$50 million coupon payment on a 5.75% bond due in 2022 as part of its dispute with Abu Dhabi's International Petroleum Investment Co (IPIC). IPIC had guaranteed the bonds under a debt-for-asset swap agreement made in 2015. IPIC subsequently made the payment.
Fitch said the situation is unlikely to lead to an immediate crystallisation of the existing guarantee obligations of the Malaysian sovereign for 1MDB securities affected by cross-defaults.
"The risk to the sovereign credit profile lies more in the potential for the affair to weaken policy focus or contribute to political instability. However, there is little sign of these risks materialising as yet," it added.
The agency said other points to monitor will be any effect on government policy-making and effectiveness, and on investor confidence.
"The 1MDB affair has not had a discernible impact on policy-making, as the government has maintained fiscal consolidation and budget reforms.
"However, if its ability to implement economic policy weakened, this could be negative for the sovereign rating. So too could a broader deterioration in political stability, or in governance (already a credit weakness for Malaysia) that damaged the credibility of policy-making institutions," it warned.
Fitch said the Barisan Nasional's majority win in the Sarawak state assembly elections recently suggests that the spillover from the 1MDB affair on politics remains contained so far.
"Market reaction has been relatively modest, but a large or sudden pullback by international investors could create risks to economic performance or financial market stability, given the large non-resident holdings of government securities," it added.
billy .. perwaja no trend yet !!! trading sideways .. look at m60 ding dong between rsi of 30 and 70 .. if want to play then wait rsi drops to 30 and then sell when approaching 70 ???
kitty .. u bot hsl ??? fyi, i have sold CD when hsl gapped up that morning ! kindly be informed ... but am monitoring to play again if she's a good gal later
connie billy .. perwaja no trend yet !!! trading sideways .. look at m60 ding dong between rsi of 30 and 70 .. if want to play then wait rsi drops to 30 and then sell when approaching 70 ??? 10/05/2016 16:37
00000000000000000000000000000000000000000000000
"no trend yet !!!"
I see them getting ready to create the trend that you and me can see :
thurs-fri doji-doji tight range around 0.12, BB Bands squeeze tight-tight,like an 18yo from Perak N/V.....
Next mon-thur-fri , open the upper n lower bands little bit, enticing you and me to go in , price inch up from 0.12 +0.03 =0.15 (KLCI "threatening to crash by now), doing tripple tops of 0.15 for those few days....
IF the market do not crash , then on the 1st day bf the break-out this Tan Sri will open big-big and invite us go in.....the we joinlu go in and scoop the 12 cents (0.12=0.13=0.25)
So you KIV and monitor hah....like the 3A
3A ,as expected,retreating down to CLOSE THE GAP.....when its ready...a big round awaiting....klci crash or not ...
THe 3 tops of 20200-20160 not ripe for breaking thru yet as at 15.30pm today.
Night market open 17.00pm gap up, back to 20170 again , and now retreating to MidBB line at 20130. Indicators doin "W" bottoming at higher levels (than day market)...We can give it 4 to 6 30mins candles , likely to do the break-out (that hongki pengoreng failed to deliver/perform earlier) 20202, say, by 19.00-20.00 (our dinner time 7-8 pm ) to do new high of say 100-120 points to 20300-20320.....
We come back 8=9pm to check whether this can be achieved by then...
Also REMEMBER todays' DAILY RANGE for
C20 0.185 to 0.230= 0.045 ok lah C21 0.235 to 0.285= 0.05 ok lah c30 0.28 to 0.31 = 0.04 not as good c36 0.26 to 0.30 = 0.04 not as good...
This daily range shud turn bigger as the HSI is doing new highs.... to idealy 0.07 to 0.10 mentioned b4....
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!
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....
Posted by Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/