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$99SMART (5326.MY)$ time to sell, wait it drop again then buy 😏
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Columns Attracted by China's stimulus measures, foreign capital has withdrawn from ASEAN in large numbers.
Stimulus measures announced by China at the end of September have sparked market interest, with a significant amount of funds shifting towards the Chinese and Hong Kong stock markets, leading to massive outflows of foreign capital from multiple ASEAN markets including Malaysia.
Kenanga Research pointed out in its report that since the announcement of the stimulation measures, the FTSE Bursa Malaysia KLCI has fallen by 2.5%, reflecting a regional phenomenon of capital flow.
According to Bloomberg data, in the 3 months leading up to September, Malaysian stocks had a net monthly inflow of approximately 1 billion US dollars (about 4.27 billion ringgit), but in early October there was an exodus of foreign funds.
This phenomenon is not only seen in our country, in early October, foreign funds in Malaysia, Indonesia, and Thailand experienced a net outflow of nearly 0.6 billion US dollars (around 2.564 billion ringgit), with the Philippines being the only exception.
"As predicted in our end-of-season market outlook report, the first impact of stimulus measures is the capital flow of the stock market, while the impact on the Chinese economy remains to be seen."
However, based on analysts' basic assumptions, the risk of capital outflow in the Malaysian stock market is not significant, especially with the increasing attractiveness of investments in the technology and artificial intelligence sectors, coupled with stable overnight policy rates (OPR), providing further support to the market.
The trend of foreign capital inflow continues.
As a result, analysts are optimistic that under several potential protective measures, the overall trend of capital inflow in the Malaysian stock market is unlikely to experience a major reversal.
Firstly, the reverse flow of foreign capital in Malaysia has been relatively aggressive. Since the beginning of the year, although both Malaysia and Indonesia have been net inflows, the selling of Malaysian stocks by foreign capital has been more significant, mainly due to the SSE conglomerates index...
Kenanga Research pointed out in its report that since the announcement of the stimulation measures, the FTSE Bursa Malaysia KLCI has fallen by 2.5%, reflecting a regional phenomenon of capital flow.
According to Bloomberg data, in the 3 months leading up to September, Malaysian stocks had a net monthly inflow of approximately 1 billion US dollars (about 4.27 billion ringgit), but in early October there was an exodus of foreign funds.
This phenomenon is not only seen in our country, in early October, foreign funds in Malaysia, Indonesia, and Thailand experienced a net outflow of nearly 0.6 billion US dollars (around 2.564 billion ringgit), with the Philippines being the only exception.
"As predicted in our end-of-season market outlook report, the first impact of stimulus measures is the capital flow of the stock market, while the impact on the Chinese economy remains to be seen."
However, based on analysts' basic assumptions, the risk of capital outflow in the Malaysian stock market is not significant, especially with the increasing attractiveness of investments in the technology and artificial intelligence sectors, coupled with stable overnight policy rates (OPR), providing further support to the market.
The trend of foreign capital inflow continues.
As a result, analysts are optimistic that under several potential protective measures, the overall trend of capital inflow in the Malaysian stock market is unlikely to experience a major reversal.
Firstly, the reverse flow of foreign capital in Malaysia has been relatively aggressive. Since the beginning of the year, although both Malaysia and Indonesia have been net inflows, the selling of Malaysian stocks by foreign capital has been more significant, mainly due to the SSE conglomerates index...
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The first day of the fourth quarter started with a bang. Iran launched nearly 200 missiles into Israel around noon ET in retribution for ongoing attacks on extremists in Beruit and Lebanon. The U.S. and its allies said they were able to shoot down many, but the fresh violence plunged the market into the red, while the defense, oil, gold and silver climbed.
In other news, the Longshormen's Union went on strike Mon...
In other news, the Longshormen's Union went on strike Mon...
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$RHBBANK (1066.MY)$
The new CEO took office. The market, unsure of the reasons, unaware of their management methods, and unaware of any new policies, displayed feelings of unrest, leading to a drop in stock prices. Normal.
The new CEO took office. The market, unsure of the reasons, unaware of their management methods, and unaware of any new policies, displayed feelings of unrest, leading to a drop in stock prices. Normal.
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$CREST (0323.MY)$ is set to launch an initial public offering (IPO) on the ACE Market. The subscription period will run from 18 September to 25 September. The IPO is priced at RM0.35 per share, according to the official prospectus. The listing is scheduled for 9 October.
This Initial Public Offering (IPO) involves issuing up to 234,595,300 ordinary shares, including an offer for sale of 103,890,000 existing shares and a public issue of 1...
This Initial Public Offering (IPO) involves issuing up to 234,595,300 ordinary shares, including an offer for sale of 103,890,000 existing shares and a public issue of 1...
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