O&G stocks have different segment, upstream, downstream, supporting operation, FPSO, drilling equipment etc, each segment is impacted in different way.

Even if oil price managed to recover, it doesn't mean all segment will be flourish again. As if oil price recovers due to huge production cut, it just means less drilling activities, and those rely heavily on this segment may not able to reap the benefit of higher oil price.

Somemore, if a O&G is under high leveraged one, it may not able to survive through the difficult period as well, even if oil price may recover in a much longer term future.

So must be selective, and study properly.

Just like 2008 financial crisis, some banks stocks share price now still less than 50% of its peak, even economy recovered and stock market indices is making historical high.

But you can lose 100% of the 0.005...

A lot of time, if a share or warrant being traded at 0.005, the likelyhood outcome generally or mostly ended with "close shop" one.

CIMB got >400,000 Q at sell during pre-closing price discovery time.

Same with Armada.

Which eventually done.

Very rare to sell such huge volume at last min.

I guess during pre-close there was about 100mil+ volume done during pre-close.

Yalor, when I read the news time, I also puzzled.

But it is doable.
Just like currently we buy foreign shares, we don't open depository account in foreign countries, but via nominee account through local investment bank or securities firm that you use to trade or having a CDS account.

Really can't "fight" against the market tradition of "sell in May, go away"...

Bleeding severely across Asian.
Dj futures drop more than 500 points currently.

KLCI below 1000?
Wah, such a big call.
KLCI now at 1600, PER is about in mid teen number, dividend yield is about 2~3%, what is the basic to call it to drop below 1000.

I taught Warren Buffett is always bullish about equities market one, if not mistaken I never came across WB made any bearish call one, even during 2008 financial crisis.

Good opportunity in China?
Asked those had invested in China stocks or China related unit trust one over the last few years.

A right issue that shareholders can sell off in the market if doesn't wish to subscribe the right issue.

I wonder why it is selected...

BKawan's financial figure, bulk of it is coming from KLK.
But KLK is not in the list.

The company share registrar will identify the dividend entitled shareholder on 8 Sep.
Hence it is called entitlement date.

Before due to the fact that whenever you hit the buy button in the market, the share is not immediately going into your CDS on that day, it will after about 2 days.

So one needs to buy the share before 6 Sep, in order the share being transferred into your CDS (where the company registrar identify the shareholders).
Hence the ex-date is set.

In nutshell,
just buy before 6 Sept (buy on 6 won't entitle) if want the dividend.
or can sell on 6 Sept, and still entitle the dividend.
Forget about the entitlement date.

Inconclusive, as it is still depends on other Q between 0.90 to 1.10

System will take the price that can result the most matchable transaction.

Actually, it is more easier to buy when uptrend.

Never buy a downtrend stock especially for trading purpose.

You got good chance to make a profit in a uptrend stock.
Chase high also never mind, as long as can sell higher, profit.
Today buy, next few days already profit.

Down trend stock, today buy, tomorrow plunge further, stuck like a crab already.

Above only applied for trading purpose.

While, long term investing is another story though.

Anyway, my view,
HY price should be more than Petron, as its earning and cashflow is more better than Petron.

But HY risk is about next year upgrading shutdown, and potential delay in introducing Euro4.
So I expect more run up until next year 1Q to 2Q. May be good to profit taking around that time.

Ps: vested interest in this stock, so potential bias view.

Yes, Petron deserved high PE rating due to it is at net cash position (no debt), and its retail business providing cushion on volatile earning of refining business, while HY still has debt to clear.

That's a reason why HY price is lagging compared to Petron.

HY -
1. 500~700 mil needs to be spent on upgrading process and downtime for upgrading may result a poor 2018 result overall. So it may not in position to give dividend as compared to Petron at least for near term.

Also in distant future Euro5 may be needed as well, so another upgrading spending may need in a more long term future.

2. After major upgrading, potential higher depreciation that drag down current profit figure.

3. It may need to pay tax soon, after clear up the tax loss accumulated on previous year. As current EPS number is without tax.

4. Crack spread may not stay at elevated forever.

Personally I would say there is still a little more room for upside until 2017 Q1 to Q2, whereby we may able to still good EPS number. By then, Rm16~18 should be fully valued.
PS: vested interest, view may be bias.

O&G -
I also received recommendation on Serba by IB/remiser, but I am not familiar with this stock.
May look it, not familiar, no comment.

I am more interested in Armada and Yinson, I preferred FPSO, has more visibly earning once the contract is secured as compared to contract works, that can be hard to predict.

Likelyhood,
Probably plunge 2-3%, or even more.

A norm short term effect. Last time 2008, KLCI plunged more than 100 points just after election (when the result was out of market anticipation)
As market may anxiously wait if there is any new or change of policy, especially tackling the finance.

But it may present a good opportunity to pick up some quality stocks.

The important thing is, if the economy and finance are well taken care of, quality stocks always rise over the long term, which is the same all over the world.

This post has been edited by cherroy: May 11 2018, 10:02 AM

Better study the company financial in details before investing.

Relying on tips is not the way to go in stock market investing.

It is called balance sheet, so both must be balanced.
Eg.
You borrow 1 mil to buy a house that value Rm1 mil
In the account.
Borrowing/liabilities is 1 mil
Asset 1 mil.
So both side will be always the same.

You want to know its total debt, then total up the current debt + long term debt.

Liabilities = current debt + long term debt + all the creditors.

Debt ratio is not the key, it is cashflow (especially operational) that sustain the debt that is most important.

Just like A buy a house 1 mil, debt is 1 mil, but every month earn 50k, the 1 mil debt is not a problem.

While B's debt is 100k, but B earn 1k per month, B is in serious debt problem.

No, they are important as well.

There is no such thing whatever ratio is healthy or unhealthy, it depends on individual company situation, particularly industry, debt maturity/tenure etc.

Yes, you can see it from the balance sheet as well.

There is no such thing see a few ratio, then already conclude something.
Eg.
Reit has little cash, because they will distribute most of profit made every quarter/semi-annual.
So they are not good?

NAV is not an insurance.
It just indicated based on the account book, the total asset worth with the company.

Asset worth can be wiped out if company make a loss, reduce in value etc.

The moment you make a transaction, it already appear in the CDS statement, disregard it is intraday or contra within T+3, hence you are the shareholder within the period when you hold the shares.

You will receive dividend as shareholder even your purchase is within T+3, or so called contra period.

Contra period is just the days before you need to pay up the shares to your broker house, or for cashfront account, they do not need to use your cash.

All transaction cost basically are the same across, except for intraday, that most broker houses do offer lower commission rate.

Eg. You have cash upfront 10K, they will provide 10K trading limit.
Once you placed an buy order or transacted of 6K, the system will auto lower down the limit and left with 4K. (so that you won't able to overbuy)

But your cash account actually is still having 10K, and 6K will only debited on T+3.

No transaction will be taken place before and after market closes.
You may key in the order during market off time, but those order will only be executed once KLSE market opens for business.

There is no different when you key in the order, just the earliest you key in the order, you may ahead of queue order wait for execution.

Not familiar with itrade,

But generally, speak from other platform.
In the closing stage, from 4.50~5.00pm, no order except the TOP price will be accepted by the exchange.

For opening stage, you can place any price as long as not exceeding the trading limit imposed by the exchange.
How much lower you place the order?