QUOTE(jerrychoo2004 @ Sep 19 2011, 05:20 PM)
STOCK MARKET DISCUSSION V98, Celebrating KLCI breach 13xx point
STOCK MARKET DISCUSSION V98, Celebrating KLCI breach 13xx point
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Sep 19 2011, 04:28 PM
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#1
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Sep 19 2011, 04:53 PM
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Sep 19 2011, 04:58 PM
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Sep 19 2011, 05:00 PM
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Sep 20 2011, 03:47 AM
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Overview/Top Headlines - At the market open EUR/USD open down over 80 pips from Friday close after EU Finance Ministers failed to emerge with a solid proposal on Friday and reports surfaced over the weekend saying that the EU had warned Greece that the next aid tranche is at risk if Greece does not take further steps. Greece PM Papandreou cancelled his trip to the UN and is holding a cabinet meeting today to consider additional austerity steps for continued international bailout funds. USD gained about 80 pips against the Swiss Franc and almost 120 pips against the A$. Asian equity markets had a day of steady losses on the renewed risk aversion and the fresh wave of concern over Europe’s inability to find a concrete solution for debt issues. Gold traded up, front month silver decoupled falling 0.4% in the session. - Former Vice PBoC Gov Wu Xiaoling said China economy will cool at quicker pace in 2012 because of EU sovereign debt crisis, slower global recovery and property tightening measures. “Currently, China’s economy faces inflationary pressures as well as pressures on government debt, which means we cannot go down the road of expanding both credit and fiscal spending.” Chinese press speculated that non-performing loans for China banks may rise as much as 5% in 2011. China reported August new home prices, showing in increase in all 70 cities measured, up from 68 in July. Shanghai Aug new home prices +2.8% y/y, +2.5% m/m; Existing Home prices +3.7% y/y. Beijing Aug new home prices +1.9% y/y, flat m/m; Existing home prices +1.9% y/y. - Japan Econ Min Furukawa said the Government will announce interim plans to deal with strong Yen early this week. Support for companies struggling with strong Yen and low-interest loans to small and medium sized companies expected to be part of the measures. - German Chancellor Merkel’s CDU party defeated by centre-left opposition Social Democrats in Berlin State Elections, a small increase in support compared to last election in 2006. Merkel’s CDU won 23.4%, a gain in comparison to the 21.3% five years ago (in the 1980s the part usually secured 40%+ of the vote). |
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Sep 20 2011, 04:07 AM
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Sep 20 2011, 07:44 AM
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...............announcement to be made soon.......approval to commercialize project guaranteed...100% guaranteed. ...btw, durians falling? ![]() ![]() |
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Sep 20 2011, 08:40 AM
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#8
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– Petronas Chemicals Group (PCHEM MK; RM6.05, Sell) – Hanging by a thread. – Multi-Purpose Holdings (MPU MK; RM2.59, Sell) – Below all its key moving averages. – Malaysia Marine and Heavy Engineering (MMHE MK; RM6.13, Sell) – More downside ahead. |
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Sep 20 2011, 09:17 AM
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QUOTE(soul2soul @ Sep 20 2011, 10:15 AM) yea I watched the interview of LKY. He said Euro will eventually break into 2 or 3 tiers currency area. Btw, how come it affects malaysia so much ? Our banks are not exposed to Greece or Euro problem right? Why panic? |
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Sep 20 2011, 09:28 AM
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The 2012 Budget which will be presented on 7 Oct is all about keeping the economy going given the acute external uncertainties. The budget measures will build on the foundations of the Government Transformation Programme (GTP) and Economic Transformation Programme (ETP) as well as strategic reform initiatives to enhance Malaysia’s competitiveness. Investors and consumers can look forward to a “friendly” budget that will stimulate economic growth in the private sector. Generally, the budget is unlikely to deliver major negative surprises. We also expect targeted “safety net” measures to ease the burden of the rising cost of living on low- and middle-income households. The Budget should sustain fiscal support while reducing the budget deficit from an estimated 5.4% of GDP in 2011 to around 5.0% in 2012. |
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Sep 20 2011, 09:36 AM
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Sep 20 2011, 09:46 AM
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Sep 20 2011, 09:54 AM
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Sep 20 2011, 10:07 AM
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Sep 20 2011, 10:29 AM
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Sep 20 2011, 10:44 AM
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Sep 20 2011, 12:21 PM
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QUOTE(panasonic88 @ Sep 20 2011, 01:14 PM) |
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Sep 20 2011, 12:33 PM
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QUOTE(yeowyin @ Sep 20 2011, 01:28 PM) This post has been edited by monkeyking: Sep 20 2011, 12:34 PM |
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Sep 20 2011, 12:37 PM
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Sep 20 2011, 01:38 PM
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