The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family.
Our main objective is to make money and not make enemy.
For chart reference you may visit my page at
https://www.facebook.com/pages/Gila-Saham/536182926525672
ron97 price now are lower to ron95 just few months ago. and ron95 price now equal to 5 years ago. now we enjoy better disposal income especially those in manufacturing, construction etc
Diesel price is 30c lower per litre. For those in transportations business know every cent counts and 30c will go back to their profit margin. This is major savings for them
According to historical data, lower oil price is good for worldwide stock market. US had shut down some of oil wells, lower oil price is likely to end soon.
It seems that most oil and gas counters are well supported above their year lows despite crude oil is breaching new lows..I think the worst could be over for oil and gas counters with sound fundamentals
KLCI possible to close green since asian and DJ future most are heading north . But anywhere i still trade with cautious .. and will continuem monitoring DJ movement to9 .
Becoz of Simon I made profit n HB . ( 3 times) tis guy realy worth to follow. last week I sold hb ( 0.285 ) with profit and yesterday switch to index link counters. as I said yesterday ci hard to break below 1700 evn with massive dow 330 points drop. Dow will recover today night.
Indonesia JKSE already rebound 0.5% and now reaching year high. Why is Malaysia klci similar to Indonesia suffer badly? Indonesia also depend on 30% oil export and world largest palm oil exporter.
Perception on oil price is grossly misunderstood. Malaysia only depend on 30% oil export. Malaysia domestic and cost of business depends on imported oil. Now that imported oil is 50% lower this translate into lower cost of production, transportation etc. What should be affected are those related to export oil sectors and not overall sectors. 80% of stocks in klci for example are not related to oil. Compare to Indonesia market that able to separate oil related sector with non related sector, klci has fair badly.
Gross misconception on Malaysia role in global oil supply. From statistics, Indonesia and India contribute 1.6% to global oil demand compare to Malaysia at only 0.8%. Malaysia contribution to oil demand is insignificant, so how to you relate PETRONAS to Malaysia?
hi Simon84, really thanks to your good comment and sharp sense...I have off load all my put warrant as well for HG. Again, let together monitor closely DJI today.
Would like to highlight good news on palm oil industry. Weak ringgit contribute toward higher revenue for palm planters. And the recently flood seen 5 months low on stock as well.
At RM2,284 a tonne yesterday, crude palm oil (CPO) futures contract on Bursa Derivatives, which is quoted in ringgit, has risen 18.4% from the recent low in August.
KLCI depends on 30 counter and most of them related to oil. Malaysia oil exporter not importer. We cannot daydream or else see the effect of oil at US30.
I think you got your infor wrong dragonking. Malaysia export all it's oil and what we use are 100% imported oil. KLCI is 100 index link counters not 30 index link
Hope more will be well inform investors here. The price of palm oil is significant to Malaysia where as price of oil contribute less. In fact further reduction to oil price will only benefit Malaysia more
Studies shown that price of palm oil reduce for 16 months due to inflated price of crude oil. And recently we can see that price of palm oil has drastically increase to new high
Today bought into FGV which is the at best entry price at 2.14
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Posted by simon84 > 2015-01-03 09:40 | Report Abuse
The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family. Our main objective is to make money and not make enemy. For chart reference you may visit my page at https://www.facebook.com/pages/Gila-Saham/536182926525672