Sime Darby net profit doubles. GDP is 7.1%; CPI and PPI are increasing. BN maintains that inflation is under control.

This post has been edited by AdamG1981: May 28 2008, 06:30 PM

Today red red again....

Might be green at first, but will drop back down to red..

Tenaga downgraded, Genting selling off its best performing asset.



This post has been edited by AdamG1981: May 29 2008, 09:01 AM

Run, take your profit!

Tomorrow dangerous....alot of U.S economic data is out.

U.S Feds warn; interest rate will increase sooner or later!

Exactly, they are fueling the inflation, allowing the dollar to dip, and now they want to reverse their rate cuts. Genious. Tomorrow's the CPI numbers will come out, and they will say "oops, inflation too high!" . No wonder Mishkin left. Bunch of retards running the Fed Reserve.



This post has been edited by AdamG1981: May 29 2008, 09:56 AM

Another "fake" rally for the CI. Seriously folks, the 2nd half of the year will be disastrous especially major export partners of Malaysia begins to suffer an economic slowdown due to higher inflation and slower growth.

TAKE PROFIT AND RUN!

This post has been edited by AdamG1981: May 29 2008, 10:09 AM

Wow, profit taking pressure really high. CI red???!

AirAsia results today......

Everyday also low fare; so don't expect much!

Oh, and AirAsia sold a call option (oil) at 88 USD per barrel. OUCH.

This post has been edited by AdamG1981: May 29 2008, 11:12 AM

Yup, it's a false rally. Be careful guys.

---

Added on May 29, 2008, 11:27 amGovernment is contemplating in increasing fuel prices by 40cents or maybe more. The expected demand for cars will then drop, thus the share price is reflecting that assumption.

This post has been edited by AdamG1981: May 29 2008, 11:27 AM

Not me. I am anticipating a slow growth in all of their operations going forward.

Euro 2008 coming soon. All pundits also watch football and no more Bursa for a month.

The power operations asset is highly supported by the government since the government subsidizes gas and oil. Upon the speculation that the government might cut subsidies some or even completely, Genting is most likely to sell to obtain a premium (assuming that happens) now rather than wait. And yes, this will give them liquid cash in its balance sheet for further acquistion or expansion or dividends?

Well said.

Don't think so, if it is, then we would see heavy buying leading to today's earnings report.

I'll say it goes red. If i lose, i give you my used boxers.

This post has been edited by AdamG1981: May 29 2008, 01:06 PM

But, it will be 'challenging' to cut the budget deficit to 3.1 per cent of GDP this year as rising oil prices swell the fuel subsidy, says a minister


MALAYSIA'S economic growth will reach a target of 5 per cent to 6 per cent this year without special measures as the country’s manufacturing and agriculture industries expand, the government said.

There’s no need for a “specific plan” to bolster growth because the fallout from the US subprime crisis hasn’t reached Malaysia, Second Finance Minister Tan Sri Nor Mohamed Yakcop told reporters outside the capital Kuala Lumpur today.

“I’m very confident we can achieve the target based on the policies we are taking,” Nor said.

Malaysia, Southeast Asia’s third-largest economy, grew a faster-than-expected 7.1 per cent in the first three months of 2008 from a year earlier, the central bank said yesterday. The economy expanded 6.3 per cent in 2007.



Nor also said it will be “challenging” to reduce the budget deficit to 3.1 per cent of gross domestic product this year from 3.2 per cent in 2007 as rising oil prices swell the government’s fuel subsidy.

“We are facing daunting challenges,” Nor said. The government’s fuel subsidy, which was about RM35 billion (US$11 billion) in 2007, may reach RM53 billion this year with oil at US$130 a barrel, Nor said May 22. - Bloomberg


Tan Sri, how about inflation? How about worldwide inflation? Ever thought of that?

Removing the subsidy will fuel inflation! SO BETTER THINK TWICE! Bigger budget deficit or higher CPI and PPI. Either way, the outlook for KLCI is BLEAK.

This post has been edited by AdamG1981: May 29 2008, 01:18 PM

IT's the government's fault to create artificial demand. IF i am not mistaken, private consumption increased last quarter, from auto sales to construction. Take away the subsidy, and all those gains will be wiped out.

Technically, with 7.1 % GDP growth, budget deficit of 3.1% GDP, and inflation rate of 2.3%; is our economy growing or slowing down?

Petronas might earn a lot of money, but so far couple of states are owed billions in royalties that have not been paid.

This post has been edited by AdamG1981: May 29 2008, 01:56 PM