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TaitengWS Male ID: 102658778
Self Trader
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    TaitengWS commented on
    $United Money Market Fund-Class R (MYU9100AN000.MF)$ Just by investing RM15k we can get around RM60-78 per month.We can pretend it was kwsp Acc 3 and redeem when we needing it or just reinvest it.What do you guys think?Any disadvantage?
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    Data shows a possible sharp drop in December. Don't get too excited about the sharp rise in palm oil prices.
    (Kuala Lumpur, 12th) Despite the recent surge in palm oil prices to over RM 5000 per ton, motivating some investment banks to be bullish on the prospects of planting industry stocks, some brokerages still view the palm oil outlook cautiously and point out that palm oil prices may significantly decline by the end of this year, hence temporarily maintaining a 'neutral' rating.
    Datuk Securities analyst pointed out that palm oil prices have now exceeded RM 5000 per ton, about 15% higher than last month, possibly due to reduced supply and trade tensions between China and the USA.
    Palm oil production declined due to seasonal factors, coupled with inventory declines and Indonesia's implementation of a higher proportion of B40 biodiesel mandates next year, the market expects palm oil supply to decrease, pushing up prices.
    At the same time, the analyst estimated that China may panic buy soybeans before Trump is re-elected as President of the USA and increases tariffs on Chinese goods, which may have led to the recent rise in palm oil prices.
    However, we believe that the potential trade friction between China and the USA in the future months will not significantly affect China's soybean import volume. During Trump's previous term in office, the policy of taxing China took 6 months from announcement to implementation, so any new related policies will only have an impact next year.
    Significant decline in exports in early November.
    He also cited data from Intertek and Amspec on China's palm oil exports in the first ten days of November, which significantly dropped by about 15% compared to the previous month, indicating local...
    Translated
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    1. $MTEC (0295.MY)$
    2. $IOIPG (5249.MY)$
    3. $PLYTEC (0289.MY)$
    4. $RSAWIT (5113.MY)$
    5. $TDM (2054.MY)$
    ‼️TAKE NOTE‼️
    🟡 Watchlist above is NOT buy sell call, but only a monitoring list based on Technical Analysis.
    🟡 Trade with your own plan & risk and DO NOT buy in blindly, always set and execute your cut loss / take profit plan, or else market will make you pay for it
    🟡 Market tends to be very volatile, do be responsible for your own trades!
    Disclaimer:
    Non-financial advice, ...
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    (Kuala Lumpur, 1st) The Malaysian stock market at the beginning of this year seems to have come to an end, and the popularity of national stock trading is gone. Currently, trading volume is sluggish. Many brokerage firms believe that the performance of the Malaysian Stock Exchange will decline, and they have lowered their ratings one after another.
    The Malaysian Stock Exchange announced its results on Wednesday, and higher trading made the Malaysian Exchange ( $BURSA (1818.MY)$) Net profit for the third quarter of fiscal year 2024 increased by 41.94% year-on-year.
    Among them, the average daily transaction value (ADV) of the Malaysian Stock Exchange increased by 69.6% year on year, and the trading value in August increased 6% month-on-month, showing strong performance.
    However, with market concerns about the US election results and the escalation of geopolitical tension in the Middle East, the average daily trading value is expected to decline in the final quarter.
    CIMC Securities analysts pointed out that after deducting the direct trading business, the average daily turnover was only RM2.4 billion, a decrease of 31.4% compared to RM3.5 billion in the third quarter.
    Lower the point again in October
    Societe Generale Investment Bank analysts also pointed out that the average daily turnover of RM2.7 billion in October was the lowest for the whole year, which is still a long way from the average daily turnover of RM3.6 billion in the first nine months.
    “Looking ahead, some headwind factors will continue and investor sentiment will continue to be sluggish, so we will reduce our average daily turnover value by 7-8%.”
    Analysts believe that the imposition of a 2% dividend tax in the 2025 budget will not have a significant impact on retail investors, but they also point out that if listed companies with sufficient cash announce special dividends before the tax policy is implemented, it may instead become a short-term market catalyst.
    Malaysian Investment Bank...
    Translated
    Is the bull market ending, trading weakening, and the Malaysian Exchange not good?
    Is the bull market ending, trading weakening, and the Malaysian Exchange not good?
    International rating agency Moody's Ratings reiterated Genting's Baa2 rating, with a 'stable' outlook, but warned that aggressive expansion of New York business leading to higher debt may impact credit ratings. $GENTING (3182.MY)$ The rating agency warned that Genting's expansion in New York significantly increases debt, negatively impacting credit ratings. It also points out that Genting has high capital expenditure, with ongoing expansion of Singapore business and investments in the energy sector.
    The rating agency warns that Genting's expansion in New York significantly increases debt, negatively affecting credit ratings. It also notes that Genting has high capital expenses, with ongoing expansion of business in Singapore and investments in the energy sector.
    We anticipate that the capital expenditure in 2024 and 2025 will increase from 2.8 billion ringgit in 2023 to 6 billion to 7 billion ringgit per year.
    However, Moody's has provided a 'stable' outlook, reflecting stable revenue and cash flow growth for all of Genting Group's businesses in the next 12 to 18 months. At the same time, the institutions also stated that if future expansion projects do not rely on additional debt support, Genting's credit rating is expected to improve.
    The forecast for capital expenditure does not take into account the related investment in obtaining a New York gambling license, as the granting of this license still remains uncertain.
    Genting Sing is currently bidding for a casino license in New York, with regulators expected to grant the license by December 2025. The group plans to invest $1.1 billion (about 4.78 billion ringgit) by 2026 after obtaining the license, and to add an additional $2.9 billion (about 12.6 billion ringgit) from 2026 to 2030.
    Moody's noted that the dividends from its subsidiaries could bring in stable income...
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    Good morning mooers! Here are things you need to know about today's market:
    ● Market Slides Amid Heavy Earnings Week Ahead of U.S. Election
    ● PM Anwar: Decision on T15 Income Classification for Petrol Subsidies Pending
    ● PM Anwar Expected to Launch National AI Office on December 12
    ● Stocks to Watch: Gamuda, OB Holdings, MyEG, MN Holdings, etc.
    - Moomoo News MY
    Wall Street Summary
    The stock market...
    Malaysia Morning Wrap | Gamuda Secures RM3.05 Billion Contract to Build Hydroelectric Plant in Sabah
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    1. $BWYS (0313.MY)$
    2. $JPG (5323.MY)$
    3. $SUNCON (5263.MY)$
    4. $MAHSING (8583.MY)$
    5. $HEXTAR (5151.MY)$
    ‼️TAKE NOTE‼️
    🟡 Watchlist above is NOT buy sell call, but only a monitoring list based on Technical Analysis.
    🟡 Trade with your own plan & risk and DO NOT buy in blindly, always set and execute your cut loss / take profit plan, or else market will make you pay for it
    🟡 Market tends to be very volatile, do be responsible for your own trades!
    Disclaimer:
    Non-financial advic...
    Author: toby siew
    Upload coordinator: @Jungle lee
    The 60th US presidential election will kick off on November 5th this year. At that time, the Republican Trump and the Democrat Harris will compete for the US presidency.
    Due to its leading global position in economy, technology, and military power, coupled with the significant role of the US dollar, this election is not a domestic affair of the United States alone, but a crucial subject affecting global political and economic changes.
    As for Malaysia, due to the close economic and trade ties with the United States over the years, it cannot remain indifferent and must closely monitor and consider the changes in this election, strategically positioning for opportunities and risks early.
    What impact will the tight US presidential election have on Malaysia's economy? After discussions with political and economic experts, and comprehensive analysis of various data, "Nanyang Business Paper" will dissect it for readers.
    The United States is Malaysia's second largest export market
    Analyze the advantages and disadvantages from three perspectives.
    On November 5 of this year, the United States will welcome the 60th presidential election. This election is being closely watched globally, and Malaysia is no exception.
    What potential impacts will this election bring to Malaysia? What should the political and business communities as well as investors pay attention to?
    As time passes, the presidential race intensifies. The representative sent by the Republican Party is the former president, Trump, who is known for his exaggerated and sharp language.
    During his tenure from 2017 to early 2021, Donald Trump also occasionally communicated...
    Translated
    【Exclusive】The impact of the tight US presidential election on the uncertain, and Malaysia's economy is going smoothly?
    【Exclusive】The impact of the tight US presidential election on the uncertain, and Malaysia's economy is going smoothly?
    【Exclusive】The impact of the tight US presidential election on the uncertain, and Malaysia's economy is going smoothly?
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