Another market correction looming
TheStar Fri, May 08, 2020 09:30am - 2 days ago

PETALING JAYA: There is bound to be another correction in the market and this could be worse than the first one in March.

Affin Hwang Capital’s senior associate director of equity research Loong Chee Wei (pic) said this would be due to the disappointment in corporate results.

He said the impact from the coronavirus (Covid-19) and the movement control order (MCO) were already starting to show for companies that were reporting their first quarter (Q1) results even though the period did not account for the full impact of the MCO.

“The full impact will mostly be felt in Q2 because in Q1, we only have less than half a month of impact from the MCO.

“Our projection for the FBM KLCI this year is 1,008 points. It could be more of a W-shaped recovery for the markets so at this point, the concern is there will be another correction, ” he said, adding that it might drag on until July.

https://www.klsescreener.com/v2/news/view/6...rection-looming


We'll see the true financial carnage come': A 47-year market veteran warns the fallout from the coronavirus is only halfway finished — and says it'll take decades for the market to carve out new highs

"In the second shoe dropping, in the second stage of the bust, it's when we'll see the true financial carnage come," said David Hunter.

https://www.businessinsider.com/stock-marke...ing-2020-5?IR=T

This post has been edited by greyPJ: May 10 2020, 06:08 PM

copy fron i3 forum

This could be one of the major factors why glove counters are moving sideways until the end of 2020

pretty accurate.

so this coming qr out bad result , genting/ banks won't plunge anymore coz its already price in?

last qr out plunged to 18 level hell wtf.

KUALA LUMPUR (July 27): Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the banking sector is estimated to see losses of RM6.4 billion during the loan moratorium period, between April and September.

https://www.theedgemarkets.com/article/zafr...ratorium-period

shouldn't we in fear now? already near max greed.

https://www.thestar.com.my/business/busines...ur-bonus-shares

Public Bank proposes 4-for-one bonus issue

is this consider good or bad news for pbb?

https://www.elearnmarkets.com/blog/stock-sp...ou-should-know/

Stock Split Vs. Bonus: The Difference You Should Know

yes the big boys are collecting the stock now, price plunge but buying power far outweigh selling pressure.

green = buy
red = sell

why hlb drop so much

that contradict the nst article you posted earlier, that banks have positive outlook. wth.

so Republican win better or Democrats?

Republican no reversal of 2017 tax cut, no pressure on company earning and stock price.

Democrats will have more aggressive fiscal stimulus measures.

blur.

This post has been edited by greyPJ: Jan 6 2021, 12:01 PM

i just sold everything, keep cash, stop bleeding first.

looks like down trend will continue, thanks to politicians.

hlb on steroid, big fund coming in may be

this is soo true.

people start cabut from mco states tonight, by 13th most Chinese already reach their home town get ready for cny.

i pm you to enter leh, haiya.

quoted for truth.

Malacca securities 0.05%

i plan to hold big genting 2-3 years.

harta still has big kaki in it, tg spmx mostly retailer left.