Posted by Tobby > 2022-07-01 18:53 | Report Abuse

Oil price may already peak! China is getting their supply direct from Russia so the demand equation may not be correct!
Of course, China been smart, will not use dollar in their oil trade with Russia! I mean, China can sell their product to Russia and Russia export their oil to China! So basically, this private loop bypass US dollar!
Anyway, electrification is suprisingly robust! New EVs are been introduce to market at shockingly fast speed!
Like, almost every month, we can find new EV brand in the market! It may not be surprising to see by next year, half of new cars are EVs!

Posted by Tobby > 2022-07-01 18:55 | Report Abuse

So yeah, oil price has peak! New supply are coming online! Hence oil theme that we witness may be the very last!
Maybe EV theme will be hot but Malaysia, there's very limited choice! The one that i am monitoring takes long time to move! You know, the Foxconn thingy if you catch the hint! But this stock is way way years from now!

Posted by Tobby > 2022-07-01 18:57 | Report Abuse

I am not into market, 100% cash! Malaysia is a bit hopelss, you know, of everything!
Even if we go through GE15, there will be no political stability! Umno will split and break apart eventually! So best for ROS to dissolve Umno and save rakyat from the infightings in Umno!

Posted by speakup > 2022-07-02 09:47 | Report Abuse

next theme: CASH IS KING!

Posted by Sslee > 2022-07-02 11:15 | Report Abuse

Tobby,
Know what is the cheapest EV car cost compare to our Myvi and what is the fuel cost in Malaysia compare to western countries or singapore?


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TechnologyHyperdrive
Uber, Lyft Drivers Switch to Teslas as High Gas Prices Squeeze Profit
In May, 186% more ride-share drivers opted for a Tesla than last summer

June 28, 2022, 5:00 PM GMT+7
Updated onJune 28, 2022, 8:17 PM GMT+7
From
Some Uber and Lyft drivers are finding that renting or buying a Tesla, the luxury electric car, is a more profitable option now amid soaring gas prices that have upended the economics of gig work.

Last summer, Heidi Barnes, 34, thought about upgrading her beloved 2009 Toyota Camry, which she nicknamed “The Beast,” for a sleek Tesla Inc. Model 3 sedan. The Lancaster, California-based driver never imagined that the high-end vehicle would become less of a splurge and more like a last resort until the average price for a gallon of gas in the US surpassed $4 for the first time in March. Almost overnight, a full tank went from costing Barnes roughly $60 to a day to more than $100, making it harder to make a decent profit from ferrying passengers around Los Angeles County. “It was a huge push to get in a Tesla sooner rather than later,” Barnes said.

Barnes opted to rent a standard Tesla Model 3 for a month through Hertz, which has a deal with Uber Technologies Inc. offering drivers a weekly rate of $344 that includes insurance, basic maintenance, and unlimited miles. Even after accounting for the cost to charge the car, Barnes was paying roughly $450 a week for “the car of her dreams,” less than the nearly $600 required to fuel her Camry. In her first week, Barnes’ earnings covered the cost of the rental for the month.

Her new ride is also a hit with passengers. “They’re a lot more generous,” Barnes said. “Usually I’m lucky to get $1 to $3 tips but it’s now $10 or $15, sometimes consecutively.” In total, she netted over $2,600 during her 25-day rental, more than double the $800 to $1,000 she typically made from driving the “Beast,” according to screenshots of earnings she provided to Bloomberg

Posted by Sslee > 2022-07-02 11:16 | Report Abuse

Tobby,
Insas market cap is now lower than Insas's net cash.

Posted by Tobby > 2022-07-02 15:18 | Report Abuse

SsLee! Love the article on EV advantage! The push for EV is getting easier as buyers realise how cost effective EVs are! ICE cars are damn complicated! You talking about taking care of radiator, suspension, engine, aircond, electrical system just to name a few! That's why 6 years from now, nobody dare to buy ICE cars as it's actually extreme expensive to maintain!

Posted by Tobby > 2022-07-02 15:19 | Report Abuse

Posted by Sslee > Jul 2, 2022 11:16 AM | Report Abuse

Tobby,
Insas market cap is now lower than Insas's net cash.

Answer : I have said many times on Insas! It's value trap! Better go for Inari!

Posted by Tobby > 2022-07-02 15:22 | Report Abuse

Posted by Sslee > Jul 2, 2022 11:15 AM | Report Abuse

Tobby,
Know what is the cheapest EV car cost compare to our Myvi and what is the fuel cost in Malaysia compare to western countries or singapore

Answer : Actually, if you go EV, and you main get your watt from your own home outlet, you talking about 60% cheaper in fuel comparison!
Unfortunately, we have to wait for EVs that are similar price to Myvi! The cheapest EV in Malaysia will be Ora said to be marketed here soon! 150k!
The best 200k EV is Ioniq 5 at 200k! But you can't buy it now! Sold out!

Posted by Tobby > 2022-07-02 15:23 | Report Abuse

Ioniq 5 at 200k is really value for money! Best of the best EV that one can buy in Malaysia!

Posted by Tobby > 2022-07-02 15:25 | Report Abuse

I believe once we get 100k EV here, most of the buyers will be Grab drivers! Why, because it really most cost effective to do driving business!

Posted by The_JQuestion > 2022-07-02 22:10 | Report Abuse

oil got so much use even so trasnport by motor is small percentage only ... it is still one of the most precious and useful liquid in our world
note that freight take up a big PROPORTION ... lorry ships and planes yes reduce the usage but STILL THE WOLRD USE IT IN TOO MANY WAYS irreplacable

Posted by Tobby > 2022-07-03 01:14 | Report Abuse

Jquestion! Yes but for passenger vehicles all will be replaced by EV! No doubt oil still plays major role but the oil price will never go up again!