Today will be the highest turnover ever for KLSE in the history.
> 6 bil shares exchanged, and market still have half hour to go.

Most online trading platforms have the number.

Previous Sime is not the same Sime today.

Old Sime = New Sime + Simeplantation + SimeProp.

So the comparison of drop 80% is not accurate.

Steel industry is correlated to property and construction activities.

To invest in steel stocks, need to monitor steel price movement, and its price trajectory going forward.

Many steel stocks were registering handsome gain over the past year or so due to recovery in steel price.
So the key is steel price going forward now.

The company announced 100% dividend policy + good result + worldcup event is expected to boost sales + changing dividend policy to quarterly.

Not correction, but bear territory.

Bear in mind, CPO price is trending lower to around Rm2200~2300, which is much lower than previous year, so coming financial result for plantation stocks may be not so good.

BAT share price and profit plunged once the price was raised to Rm17.
Now cigarette price also Rm17.

The main issue is pricing.
Illicit cigarette is like cockroach that feed on the different between legal cigarette and illicit cigarette.

As long as there is a big difference, it is like cockroach, kill one, another will be born again.

This post has been edited by cherroy: Jun 21 2018, 04:13 PM

Need to consider purchasing power as well.
If there is full efficient enforcement and manage to kill the cockroach, those cannot afford to buy the RM17 cigarette may need to quit smoking.
It won't be 100% turn into legal and buy Rm17 cigarette.

BAT not long ago introduced the new or rebrand Rothmans at RM12 (I think, I no smoker so I do not know exactly the price), indicated that Rm17 is too far fetch and may pose affordability to smoker.

BAT price should be yield play around 5%, so how high or low it can go, depended on its dividend level.

Growth stock - generally refer to those business still expanding in rapid mode.

There is needless to classify which stock is income/dividend stock or growth stock.
As situation may change due to company business environment changing.

Today blue chip stocks, its so called "blue" also can be faded away due to changing business environment.

Look at respective company financial track record and dividend policy/history, one can roughly know the company situation already.

Just a simple guide, if not nothing to write, how can...?
Joking only.

Nowadays, there is no such thing of so called "blue chip" due to fast changing business environment.
Even DJ 30 stocks which were classified as "blue chip", also total revamp, a lot of new 'face" and many big giant traditional company even like GE being omitted from DJ30.
Similar to local bourse, Telekom was once classified as "blue chip" and steady dividend stock, now situation for telcos has changed.
4G, 5G are capital intensive, while customer want faster and more data, but won't want to pay more for new tech, which likelyhood affecting their bottomline.


ETF is similar to unit trust, just it is listed.
You sell and buy in the stock market, instead of buy/redeem unit trust based on fund NAV.

Layman term,
ETF = listed unit trust.

1) Depend on the specific target of the ETF, some track index, some may not. But mostly use index as benchmark.

2) The ETF fund manager likely to sell company A stocks, and buy another company that enter the index, so that the fund performance will track the index.

The fund will receive the dividend, which will result in the fund's NAV increase.
In return, the fund may choose to distribute the any profit/dividend received later on, subjected to the fund manager discretion or fund objective.

Fund managers normally actively manage their portfolio to track the index, but in reality it may not 100% accurate or must in tandem with the index.
There are fund managers performing worst than index, despite it is an index fund.

As long as the index is keep on going up, a well managed index fund should perform as the same as the index.

But in reality, there are many fund managers performed worst the index as well.

Plantation is a bit bearish at the moment, as CPO is hovering a low point, so the coming financial quarter won't be pretty across.

Many plantation stocks are trading at 20x PE above despite low CPO price especially big cap due to support of local institution funds.

T+3

Money should be available after Friday afternoon.

RM0.00 for ordinary CDS account.

Processing fee may only apply on nominee account which may be vary from broker to broker.

There is no best site, best advice, or best of anything in investment.

It is whole life self learning process, and make decision on your own based on your own risk appetite and situation.

Read as much as we can, and experienced as much as we can.

a) Cash flow used in operating activities, cashflow used in investing/financial activities
vs
b) Net operating cashflow/fund from operation.

I guess net operating cashflow, they may exclude the impairment, and solely based on business activities or product selling activities (operation) or vice versa.

Correct me if I am wrong.

The way they pick up the number may not exactly the same with every individual company financial statement.
Financial report can be slight vary from each other, especially some terms used but the basic is still the same.
So does financial anaylsis that want to highlight certain point.

Actually we should analyse the annual report and understand the figure and whole picture that would be more meaningful, that will give investor more a clear picture, instead of rely solely on number alone.
Generally, annual report should be the one refer to, if there is any doubt.


This post has been edited by cherroy: Jul 31 2018, 09:30 AM

Worldwide share market is having roller coastal ride due to potential trade war.

The moment there is a tweet about raising tariff, worldwide stock market plunged (especially Asian region), then slowly climb up again, before next word coming out, then plunge again.
While US market is intact due to red hot economy.

Up down up down. Good for trader and investment bank.

I am not too worry about trade war.

The real danger to the market (big derail or big bear) is not trade war, but treasuries.
As we know the trade war can be easily discarded or "flip flop".

US fiscal deficit keep on ballooning, and with tax cut coming, it will only make the deficit number worst.
And US is planning increase in size of issuing treasuries, means more and more supply of treasuries.
More supply, higher yield, if situation become worst and uncontrollable, the high yield of treasuries could kill the market bull and inviting bear to roar.

This may need to wait until its upgrading project finishing time, so that it has more clarity or visibility on the earning.

You need to look at their term sheet individually.
Not all RCPS are the same.
Their difference range from redeemable, redeemable time frame, dividend rate, conversion ratio etc.

Yes, RCPS value is always correlated to the mothershare, and trade as same in the open market, but generally their liquidity is much lower, hence for trade purpose, it does have its downside.
While for long term investing, if RCPS has higher yield, it can be considered, especially if it is traded at discount time.