Previously I asked fellow MooMooers what level of trading are you interested in. And the results are Majority 65% are looking at Basic Level.  (Link to previous polls attached at the end of this post)
I started with the same mindset and most would agree for SAFE & SIMPLE. At the start, we are looking towards SAFE levels of investment to beat peanuts 🥜 interests from our 🏦 savings account. We are adverse to any dip in our principle going for 100% safe capital protecti...

Market Experiencing a Slowdown
The market has been slowing down after its strong rally since last Thursday, which was largely driven by the positive sentiment from the US rate cut.
Gloves and technology stocks were hit hard today as the MYR continues to strengthen, with the MYRUSD exchange rate briefly reaching RM 4.1 this morning. These sectors are heavily exposed to the US dollar, as much of their revenue is USD-based.
On a positive note, the consum...

(Kuala Lumpur News, 3rd) The overall performance of the banking industry in the second quarter of 2024 is good. Analysts expect that the net interest margin will stabilize in the future, and the prospects for profit growth are still bright, maintaining a "positive" rating.
In the latest report of Maybank Investment Banking Research, it is observed that in the first half of this year, the core net profit of the banking industry in our country increased by 9% year-on-year, mainly due to the continuous growth of operating profit by 7% and stable credit costs.
Therefore, analysts maintain a growth forecast of 7.6% for full-year operating profit in 2024.
This is mainly based on the forecast of domestic loan growth of 5.5%, an average net interest margin of 2.07%, a non-interest income ratio of 25.1%, and a cost-to-income ratio (CIR) of 44.7%.
Considering the support of lower crediting costs, that is 22 basis points, lower than the 23 basis points in 2023, we have raised our core net profit growth expectation from 6.8% to 7.8%, while the average return on equity (ROE) of the banking industry is expected to be 10.4%.
Question: Can maintain low inflation this year.
Analysts pointed out that the overall inflation rate last year was 2.5%. The bank's economists have already lowered their inflation forecast for 2024 from the previous 3% to 2%, and they expect inflation for 2025 to be in the range of 2.5% to 3%, due to the expected implementation of targeted fuel subsidies next year.
Although the current deposit interest rate has a positive return, given the prospect of rising inflation next year, it means that the central bank is unlikely to cut interest rates in the short term...