Sixth stock Topglov - unknown, price average at 15.9

All red. And we are the worst. Go sleep better this morning.

World Bank lowers Malaysia GDP, sees it shrinking by 3.1%

KUALA LUMPUR: The World Bank has downgraded its forecast for Malaysia’s economy this year and expects GDP to contract by 3.1% from its earlier expectations of -0.1% in April while it expects the near-term outlook to be uncertain due to the Covid-19 pandemic.
https://www.thestar.com.my/business/busines...shrinking-by-31

Concerns mount on banks

The total LLP of RM1.45bil for these six banks was the highest since we started compiling the quarterly numbers for banks in the fourth quarter of financial year 2004, it said.

“We now project a 72% surge in LLP for banks under our coverage in 2020.

https://www.thestar.com.my/business/busines...-mount-on-banks

What a come back by DJI & SP500

Bank stocks reverse higher as regulators ease Volcker Rule, JPMorgan Chase rises 2%

Federal banking regulators eased restrictions on investments that large banks can make on Thursday, including the so-called “Volcker Rule,” sending bank stocks surging.

Officials from the Federal Deposit Insurance Commission said on a call that they are loosening the restrictions from the Volcker Rule, allowing banks to more easily make large investments into venture capital and similar funds, and also allowing banks to avoid setting aside cash for derivatives trades between different affiliates of the same firm.
https://www.cnbc.com/2020/06/25/bank-stocks...s-2percent.html

wow glove counters red. any insight? tq tq

Supernormal profit not for long, stock rally priced in

KUALA LUMPUR: Public Investment Bank Bhd has cut its rating on the rubber glove sector to "neutral" from "overweight"as it believes the supernormal profit is not sustainable in the long run.

Furthermore, PublicInvest said the glove stocks' current valuation had ran ahead of their fundamentals.

The firm said the Covid-19 pandemic outbreak had led to sharp spike in rubber gloves demand in recent months, as distributors and government agencies scramble to buy more medical gloves, in fear of a dire shortage of protective gears.

"The desperation for gloves has driven ASP (average selling price) higher and we expect the price uptrend to continue as demand for gloves remains strong," it said in a report today.

"However, we caution that such strong profits are unsustainable in the long-run and we expect earnings to peak in calendar year 2021, therefore we reckon it is not justifiable to continue valuing the glove players at +2SD (standard deviation) of its respective five-year historical mean,"it added.

PublicInvest revised Hartalega Holdings Bhd and Kossan Rubber Industries Bhd's earnings forecast for financial years 2020-2022 by 11-124 per cent to account for the higher ASP assumption and operational efficiency.

The firm kept its "neutral" call on Kossan and Hartalega, but upgraded Top Glove Corp Bhd to "trading buy" as its target price implied an upside of 25 per cent following a retracement in its share price since its recent downgrade.

"We reduce our price earnings multiple for both Hartalega and Kossan to 38x and 26x respectively, which is at +1SD of its five-year historical mean," PublicInvest said.

https://www.nst.com.my/business/2020/06/603...ck-rally-priced

The slow death of 2018 - 2019 is coming back again.

Small pond many crocs and a sliding index 

The bear is slowly creeping back in.

I'm holding mostly blue chips now and seeing their paper gains getting wipe out day by day. This is the kind of dangers that boils a frog or kill a bull 

People like to post profits... dare not show the bloods they lost in Stock Market.

Cantonese saying:
People's pain is another person's joy

patiently waiting for another big dip

still got tomorrow and first week of july 

Well, looks like I will be holding my stocks for the next few months, until it gets back to the green..... probably 6 months.

Even good QR probably won't help. See what happened to Top Glove last time.

Foreign funds are withdrawing and not many retail traders as before since MCO and moratorium is ending.