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 STOCK MARKET DISCUSSION V150

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cherroy
post Jul 16 2020, 03:32 PM

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Also hang here (2 sites)
cherroy
post Jul 16 2020, 04:08 PM

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QUOTE(jianwei90 @ Jul 16 2020, 04:04 PM)
dont know what happen to the order i put just now.. so confusing right now
*
See you order log, whether the order is rejected by exchange, or pending to send to exchange.

Most of the time if an order cannot go through, probably it is rejected.

cherroy
post Jul 16 2020, 04:10 PM

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Trading platform for the investment bank actually is fine, as other overseas stocks are still blinking.
cherroy
post Jul 16 2020, 04:13 PM

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QUOTE(Barricade @ Jul 16 2020, 04:09 PM)
Lets see top glove SGX close at what rate today. All these while Top Glove SGX and KLCI are very very similar in terms of price.

If remains at SGD 6.60-6.70 (around RM20.50), when tomorrow open sure up. I will be the first one buying.
*
Before noon close, it was SGD7.18, reopen at 3.30pm at 6.66, now 6.58.
cherroy
post Jul 16 2020, 04:22 PM

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QUOTE(skystrike @ Jul 16 2020, 04:18 PM)
btw it is 1st time market halt/circuit breaker happen in history?
*
Currently is not a circuit breaker.
More probably technical glitch


cherroy
post Jul 16 2020, 04:52 PM

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QUOTE(Vanguard 2015 @ Jul 16 2020, 04:48 PM)
At about 3.30 pm just now, I saw that the queue selling price for Top Glove in Rakuten was about RM15.00 plus.

Was that a glitch?
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It is TOP pricing mechanism.

cherroy
post Jul 20 2020, 03:03 PM

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The driving force behind gloves stocks surge is higher or explosive profit, due to brisk sales and higher ASP.

Bonus issue or not doesn't affect company profit.
cherroy
post Jul 20 2020, 03:50 PM

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There is another stock indirectly beneficiary from glove stock frenzy.
Bursa. Now Rm10, from the low of RM4~6.
Super high trading volume highly will result significant profit improvement.
cherroy
post Jul 20 2020, 04:22 PM

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QUOTE(ZeroSOFInfinity @ Jul 20 2020, 03:53 PM)
I did notice that, but..... what is it actually? Are we buying shares of Bursa itself?
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Bursa is also listed company, every trade in the stock exchange needs to pay the clearing fee to KLSE or Bursa.

When Bursa earns good profit, investors may get fat dividend as well.
cherroy
post Jul 21 2020, 09:14 AM

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Retailer is the biggest net buyer yesterday

Local fund - 190 mil
Foreign fund - 110 mil
Retailer + 300 mil

Seems like retailer is the biggest mover of the market at the moment. sweat.gif
cherroy
post Jul 22 2020, 09:58 AM

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QUOTE(Krv23490 @ Jul 22 2020, 09:37 AM)
So max a counter can go is 30% right ? does it freeze completely or can still sell ?

Edit * sell/buy at lower price
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Counter will not be halted.

You still can buy and sell at he max 30% price.


cherroy
post Jul 24 2020, 09:55 AM

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QUOTE(theberry @ Jul 24 2020, 07:59 AM)
Yesterday 23/7

Local institution net sold 36m
Local retailer bought 60m
Foreign sold 23m
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If look at the stat
Market participant is high for retailer - 40.5% (buy 2.723 bil sell 2.663) net buy 60 mil.
Local fund 49.5%
Foreign fund - 9.9%.

cherroy
post Jul 24 2020, 03:58 PM

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QUOTE(lowya @ Jul 24 2020, 03:33 PM)
TOPGLOV-HB at 0.5 is interesting
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The exercise price is RM25.
Warrant conversion ratio is 15:1.

At Rm0.50 x 15 = Rm7.50.

So if buy at RM0.50 and hold until maturity, then mothershare needs to be below RM17.50 by Mar 21.
cherroy
post Jul 28 2020, 09:57 AM

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QUOTE(prozfromhell @ Jul 28 2020, 09:39 AM)
my ytl reits really defies the logic of defensive stock

but my IGB Reit consider survived the March 2020 selldown lor
My cost was 1.89, at least ytd was 1.84. Consider very good d.

anyway, no choice but to do long term ba. haha
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Hospitality business suffers due to lockdown and travel restriction.

Malls business afffected by Covid effect.

Business environment can change due to situation.
Defensive doesn't means armour proof. The Covid effect is totally unprecedented event.

But if situation back to normal and economy back on track, then those defensive stocks likely to recover fast.



cherroy
post Jul 28 2020, 10:16 AM

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QUOTE(theberry @ Jul 28 2020, 10:11 AM)
[attachmentid=10545089]
*
Retailers keep on pouring in. sweat.gif
cherroy
post Jul 30 2020, 03:23 PM

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QUOTE(lamode @ Jul 30 2020, 03:22 PM)
take a look at Hang Seng Index  brows.gif  brows.gif
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STI even worst. Drop over 2%.
cherroy
post Jul 31 2020, 09:25 AM

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QUOTE(lowya @ Jul 31 2020, 07:41 AM)
any example in bursa?
*
Axis reit has one data centre in its portfolio, but its primary portfolio is industrial and logistic type.


cherroy
post Jul 31 2020, 10:12 AM

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QUOTE(lowya @ Jul 31 2020, 07:38 AM)
how they are still in business? -123,162k loss
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Revaluation loss and foreign exchange loss are the primary reason of the loss, which are unreliased item.
Just like your purchased property now drop in value but it is unrealised event, it doesn't affect your current situation nor cash position.

And it has Australia hotels (which is valued at AUD) and exposure to AUD borrowing, whenever there is a change of Aud vs Rm, then you will see the foreign exchange gain/loss.
The Q result from Jan-Mar, it has unrealised foreign exchange of +60 mil, now due to big change in Aud recently, then it becomes loss.

You will see this from time to time whenever there is big movement in forex difference.

The reit still generally income of 27 mil for the Q, and able to give distribution of 2.83 cents of for half year.
It has master lease for its Malaysia and Japan hotels, while Australia hotels are under management contract.
Master lease one still provide steady income, the most affected one is Australia hotels that is under management contract.

cherroy
post Aug 7 2020, 09:31 AM

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QUOTE(Xcal @ Aug 7 2020, 09:17 AM)
All these are goreng stocks? Feels weird Poh Kong for example the value tripled, but gold price didn't even triple. Furthermore they sell gold with some profit right, but it's not like they have a lot of gold bought at cheap price last time to be released to market now? They would still need to buy new stock at current price, No?
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Their existing inventory will see a rise in profit, which is one off, as you can sell at higher price while those old stocks was bought lower price.
While newer supply of gold needs to buy at higher price already.

The situation is different than glove.
cherroy
post Aug 7 2020, 09:50 AM

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QUOTE(Xcal @ Aug 7 2020, 09:42 AM)
Yup exactly, so it's probably more due to impulse buying from retailers I guess.
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Retailers frenzy is high now.

Glove run has some solid fundamental backing, even though they may overshooting.
But some penny stocks have no strong fundamental nor solid profit rise backing fact, also can up 200%, 400%.

Yesterday stat, retailers pouring in another 200 mil again.




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