Portal Komuniti Informasi Malaysia Terkini
BTCClicks.com Banner
Hello There, Guest! Register Login with Facebook

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Dec 3, 2018 Overnight Indexes & News
Today News
Overnight Dow Jones: +199
Chinese President Xi Jinping and U.S. President Donald Trump put their bilateral trade war on pause momentarily, striking an agreement to hold off on slapping additional tariffs on each other's goods after January 1, as talks continue between both countries. "President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time," the statement read. Over the next 90 days, American and Chinese officials will continue to negotiate lingering disagreements on technology transfer, intellectual property and agriculture.
Oil prices fall as swelling U.S. crude stockpiles depress sentiment. OPEC and Russia would agree some form of production cut next week.
Brent was down 76 cents at $58.75 a barrel
Local news
Genting Malaysia Bhd posted its largest ever net quarterly loss of RM1.49 billion for the third quarter ended Sept 30, 2018 (3QFY18) due to a massive RM1.8 billion impairment of its investment in promissory notes issued by the Mashpee Wampanoag Tribe for the development of an integrated gaming resort in Massachusetts, US.
Genting Bhd also sank into quarterly net loss of RM275.8 million in the third quarter ended Sept 30 compared with a net profit of RM190.04 million a year ago, no thanks to an RM1.83 billion impairment loss on its 49.4%-owned unit Genting Malaysia Bhd’s investment in the promissory notes issued by the Mashpee Wampanoag Tribe.
MCT Bhd’s subsidiary One City Development Sdn Bhd has issued a statement to again deny it was involved in hiring "unruly people" to instigate riots and civil unrest in its effort to relocate the Seafield Sri Maha Mariamman Temple in Subang Jaya, Selangor.
FGV Holdings Bhd has initiated a lawsuit against former chairman Tan Sri Mohd Isa Abdul Samad and former group president and chief executive officer (CEO) Datuk Mohd Emir Mavani in the Kuala Lumpur High Court, seeking relief totalling RM7.69 million. It said the suit pertains to the purchase of two units at Troika, Persiaran KLCC here, at prices significantly above market value, without proper due diligence and/or unauthorised use and possession of the units by the defendants, as well as the acquisition by the company of a number of cars and the misuse by Emir of the cars and petrol benefit.
UMW Holdings Bhd is disposing of its leasehold industrial land totalling 38.803 acres in Shah Alam, Selangor to Strategic Sonata Sdn Bhd, a wholly-owned subsidiary of Singapore's Mapletree Dextra Pte Ltd, for RM287.7 million.
Star Media Group Bhd’s net profit fell 99.31% to RM1.6 million for the third-quarter ended Sept 30, 2018 (3QFY18), from RM230.29 million a year ago. The fall was because the 3QFY17 results had included a gain on disposal of a subsidiary Cityneon, which amounted to RM206.86 million. Revenue for 3QFY18 fell 23.5% to RM91.12 million from RM119.11 million previously.
Ekovest Bhd’s net profit rose 13% to RM43.87 million in its first financial quarter ended Sept 30, 2018 (1QFY19) from RM38.84 million a year ago, on higher contribution from the property development and toll operation sectors.
Petronas Gas Bhd’s net profit increased by 19.7% to RM499.81 million for the third quarter ended Sept 30, 2018, from RM417.43 million a year earlier, on the back of higher contribution from its regasification and utilities segments partly offset by higher finance costs due to recognition of previously capitalised interest expenses following the completion of the group's new liquefied natural gas (LNG) regasification terminal in Pengerang, Johor.
Carlsberg Brewery Malaysia Bhd’s net profit jumped 52% to RM64.98 million for the third quarter ended Sept 30, 2018 (3QFY18), from RM42.85 million in the previous year, thanks to higher sales in Malaysia and better performance at its Singapore operations
Thanks given by:
1) Trade war worries is now temporary off, for at least 90-days. Overall share market is looking at the positive side.

2) GENM (Genting Malaysia) will be in focus today, due to surprise negative announcement, expect GENM share price to fall today. However, RM2.60 to RM2.50 is a very good price to buy, it will become a “Value Buy” stock if reaches to that level.

More on GENM, *Investor must have a clear mind*, whether you are just trading on the share price fluctuation or would like add into your portfolio (as it become value buy).

1) If later open price still around RM2.70, advise to sell, then buy for rebound at ~RM2.50, or limit down price RM2.01
2) If later open price already reach to ~RM2.60, no need to sell first, wait for rebound only sell

1) Start to accumulate if price reaches ~RM2.60

FYI, the limit down price is RM2.01


2)GENM(云顶大马)今日将继续成为焦点,由于公布出人意料的负面消息,预计今日GENM股价将再度下跌。 然而,RM2.60至RM2.50是一个非常好的买入价格,如果达到该水平,它将变成“超值买入”的股票了。




Thanks given by:

Forum Jump:

Users browsing this thread: 1 Guest(s)