DJ futures plunges 350 points spooked the market.

Personally don't think refiners are good theme for this year, I could be wrong.
Shutdown, Euro4 upgrade dateline, massive upgrade capex, stubborn high crude oil.
Massive capex will incur more depreciation down the road, which may erode profit margin as well.

Also US's Gasoline inventory number are building up since the Hurricane shut down. (can refer to weekly US inventory data)
Forward futures contract for crack spread is on declining trend.

After upgrading and restarting, only then there is more clarity picture.

Still expect volatile price swing in between.

Nestle trailing PE is >50x
Div yield 1.8%

And still keep on going up.

Mind that Nestle is not a high growth stock.

Even high growth stock like glove and Semi-conductor, AI sector only traded around 20~30x PE.


This post has been edited by cherroy: Mar 13 2018, 11:39 AM

Portfolio managers, index fund managers are struggling to add this stock into their list, especially after Nestle being included into KLCI index.
(Coincident that price sky-rocketing after KLCI index inclusion)
This stock liquidity is not high to start with, so a few fund mangers chasing can easily send the stock sky-rocketing

Also, EPF is actively trading this stock which can be seen from substantial shareholders changing report.

This post has been edited by cherroy: Mar 13 2018, 12:15 PM

As fund manager or specifically using index as benchmark, if you beat the benchmark, you are brilliant fund manager, disregard it is making money or not.

Also, when investors pouring money into equities fund, they need to buy stocks, they cannot say, stocks are high at the moment, I don't want to buy.
They are mandate to invest at least x% of the fund into their respective fund objective.
They only can maintain certain % in cash.

They are not "waterfish", they are required to work based on their fund objective.
If Index run away and set a new high due to Nestle run, while a fund manager own zero stock of Nestle resulted fund underperform the index, top management, investors will see this fund manager as poor, and may get sack as well.

If you are the fund manager that using index as benchmark, what you will do?
Just buy due to fear of losing out the run.

This post has been edited by cherroy: Mar 13 2018, 02:31 PM

Euro 4 upgrade dateline, shutdown for 2~3 months for the upgrading highly will result in loss for a quarter.
Crack spread also is trending lower based on the futures contract.

Also, from TA, it is still on down trend.

Most mid to small cap stocks in KLSE are down across, especially property related stocks, reit also not being spared.

Caused by huge impairment.

This is something already expected by the market (when it was around RM1.xx and plunged to below 0.50), if not its share won't be trading at less than 0.5x BV.

CW is not able to convert to mothershare.

If CW is out of money, you get nothing once its expired.
There is no "remaining" if CW is out of money and expired.

Market is panicking...

US futures pointed more than -400..

Men or boys, all will be slaughtered in this kind of storm, no different one.

The difference is aftermath of the storm, aka the one survive through the storm.

That's why margin is dangerous.

Ya, with this kind of degree of drop, there may be some margin call.

If the real bear really hit, normally it will take awhile to settle down.

US market has been up and down a lot lately suggest the volatility will be around sometimes.

If tonight DJ tumbled 300~400, all tones change again...

The one for sure is we are entering a volatile period, anything can happen, on both way.

You already answered in your own question.

The objective of investment/trade must be right and clear to start with.
Never mix trade vs investment.
This is the most common mistake of retailers and "crabbed" with their holding.

For ordinary retailers, IDSS has not much attraction, but only more hassle.

The short must be covered before market closed, which is already a big key disadvantage to the short.

Also, there is always a chance that a short is not properly closed, before the market close, as when trading at last time, there may not any seller for the closing price set.
By then, an arrangement to borrow share with investment banks need to be done at a cost already.

The list is published in KLSE website.
http://www.bursamalaysia.com/market/securi...rt-selling-rss/

https://www.thestar.com.my/business/busines...nigeria-action/

Seems like apart from the ultimate upstream player, those O&G supporting and servicing sector still face a lot of risk, despite oil price has recovered a lot of ground.

Severe lag on online trading platform, guess volume may be too high for broker house server to handle.

Nearly 2 billion volume just 1 hour....

No wonder so lag...

You can queue at limit up price, wait for if there is any seller coming out.

Limit up/down /= cannot buy/sell.