Malaysia election almost come to the conclusion. What is your opinion on its effect on the coming stock market and currency?

Unstable government is not good for the stock market.

This post has been edited by bcombat: Nov 20 2022, 04:29 AM

red tomorrow for sure with pas at helm

tomorrow gap down but maybe will close high

still waiting

Even free brokerage fees still not cheap as you have to pay stamp duty and horrible FX spread of more than 3% 🤦‍♀️

Wait for King statement now should be tomorrow afternoon

https://www.theedgemarkets.com/article/king...inting-anwar-pm

Unstable government formation. No good for Stock market

all stock fly high. get profit first.

why no good for stock market?

if you wanna talk long term...no one know the future.

This thread gonna be active again

is it just me or itrade just inaccessible (can't login)?

Foreign investors prefer to invest in the political stable countries.

same la sohai itrade can't access. market close only can access.

lol the worst ever…

u.s change president every 4 or 8 years and congress/senate may flip side every 2 years, consider political stable or not?

This post has been edited by icemanfx: Nov 25 2022, 09:30 AM

Direction is just as important as stability.

What do you think about lotte chemical titan ???

Competitor is petronas chemical

Do you think a growth stock ???

Axiata is now officially "junk"? BBB+ goes to BBB.

https://www.sinchew.com.my/20221128/%e6%a0%...8d%e8%87%b3bbb/

How did you evaluate CCK at that time?

Master doing good today too

This post has been edited by thkent91: Nov 29 2022, 02:46 PM

Whoa, didn't expect anyone would remember me posting about my buys from 3 months ago.

I'll try remember to post an answer tonight after work.
In the middle of a rather boring meeting so can check Lowyat but can't type good answers.

Trying to remember the thought process back in Aug.

I have a pool of about 15 companies that I have done adequate research on and am satisfied they meet the criteria for investment. Good balance sheet which means they are resilient so I don't have to lose sleep. Enough cash to outlast competitors in bad times. And upside to their revenue stream with headroom to grow. Also have gone through the past 5 years AR generally. I only buy from this pool, even if a friend swears on his latest tip. If it's not here, no buy. Learnt the hard way. CCK is on the list from way before Aug.

Aug itself was more of me thinking CCK was on the start of an upward curve based on their QR projections, their acquisition in the prawn segment and the maturation of their retail. But it was more of a punt as compared against the other companies on the list, CCK seemed the most likely. It could have just as likely gone flat and continued sideways for a bit.

My style is waiting so for a 3 month wait for the price to shift is considered short for me. I was in Master more than a year. I just think these companies will be worth much more in the future. Somehow this month, both reported blockbuster quarters. My portfolio is now greener than Hulk's bottom. That is not to say I don't have stuff that are still waiting, like Magni which I'm still underwater. But the things I let on publicly, CCK and Master are definitely the stars of the quarter as things stand for me.

The movement for Master was more of a surprise to me. Didn't expect it to pick up so quickly which usually means it is not organic market pricing but someone really wanting to up their stake. No complaints here, always happy for more people to ride on the same boat when leaving the harbour.

Powell speech soon, time to drop ?