unclear where the money is coming from... likely part of some new debt which will be in tens/hundreds of billions anyway... for taxpayers, enjoy...

but will it affect TNB share price?

No la... that is dow futures at fri closing.

It will resume tmr morning... positive or negative, we will see.

Dow lost 208 fri.

this report is quite negative, may further dampen bursa sentiments... invest/trade with caution.

perhaps another white house fella just said, "no, it is not over".

looking at nikkei, little damage as yet.

no surprise if futures turn green this afternoon.

i see merit in all the points mentioned by the writers, esp the fall in investments.

foreign and domestic, this has been going on for some years now.. plus continuous huge gomen spending w/o investment value.

but i disagree on the inflation.... i dun think deflation will happen here; inflation will continue except for big tickets - houses, cars, office rents.

the scenario painted doesn't bode well for bursa at all.... except gloves if demand stays.

yep, u got those right.

BUT... even with "low" petrol prices, dun expect chicken and roti to come down in price.

if fact, they will keep rising... becos a lot of items like chicken feed, flour are all imported... and RM is always weakening.

wait until this afternoon... we might see more selling.

market is jittery... weak forecast + dow futures thunderbolts zapping up n down.

i think it's good... consolidating for next leg up.

same with supermx... 738.

we'll see what happens nearer closing...

topglove looks good enuf.

IDSS (shorts) is supposed to resume on 1 July, but do we think it will be extended since bursa is still so dem weak?!


also, glove players... be informed TOPGLOV-C57 call warrant is maturing next Tue, 30 June.

anyone here has some idea how this will affect the mother and other glove counters?

other than gloves, there isn't anything exciting on bursa, is there?!

gomen stuck with politics; economy incl bursa on "random walk".

gloves all green.

do not think shorting will always bring price down.

it works both ways.

if a counter is strong, shorts will eventually need to cover, lose their butts and push price even higher.

best example is tesla in nasdaq - people have been shorting since it was $600... now it is 1,001.

that, i do not know bursa well enough.

perhaps the "shorters" can comment.

for those interested in glove industry, topglove:
https://research.sginvestors.io/2020/06/mal...2020-06-24.html

poor sentiments...

dow futures - 2xx... due to:

KLCI closed 1502.

nice.

at this time, EU, dow futures are crimson.

zombie kangaroo market!

will see tmr morning.

gudluk to all.

this article is right but is taking it wholesale from on a USA/EU context.
i dun think it applies here.
here, which tech sector is so great? which tech cos. are now flying?
gomen is not giving free billions to GLCs, are they?
where got money?!
but if gomen starts borrowing or raise taxes to bail out the GLCs or cronies, that will be true.
so far, when gomen here gives out free money, many people do use it to pay bills, buy food.

in USA/EU, they have issued trillions of new $/Euros to buy back bonds, incl individual co. bonds.
they are big enough to keep printing new money w/o immediate major consequences.
that is, cos. that are supposed to go bust are now saved, they now have new cash to put back into stock markets or do whatever they want.
surely, this does not benefit the common man.
but the idea is that if big biz survives, the little employees survive too - can't argue with that.
but true - in those places.. RICH GET RICHER, POOR GETS POORER.
until it burst and collapses totally.
that day may be 10, 20, 100 years away, though.
but when it comes, u can be sure there will be WW3 becos W "solves" all debt problems.

local where got hi-tech champions that make billions in profits?

maybe he was imagining "flying car"?!