The story of oil. Hard Luck Story

Is a minor hit for Men At Work,  taken from the album two hearts.

I'm not in two hearts, to yet again say that Bernama has got it WRONG, that the currency shall trade between 4.40 and 4.42 next week.

The Ringgit should trade at 4.45 next week, because beneath the rising oil prices, there is a hard luck story.

Read Reuters below and find out :

Abundant supply of light oil in Asia and weaker demand amid some seasonal refinery maintenance will likely prompt Saudi Arabia to cut the official selling price for most of its crude varieties bound for Asia in May.

At the beginning of March, Saudi Arabia unexpectedly lowered the April price for the light crude it sells to Asia. According to trade sources who spoke to Reuters, Saudi Arabia’s official selling price (OSP) for Arab Light was set for April at the low end of the range expected by a Reuters survey. At that time, the price for Arab Extra Light was cut by $0.75, which was more than expected.

For the May OSP, according to a Reuters survey of four Asian refiners, Saudi Arabia would likely cut the price of its Arab Light crude by $0.10-$0.40 per barrel from the April OSP.

“I’m seeing price reductions across the board,” one of the refiners surveyed told Reuters.

The Arab Light and Arab Extra Light grades prices are expected to drop more than the medium and heavy grades, since the Asian market is oversupplied mostly with light oil varieties, according to the sources Reuters has polled.

OPEC’s output cuts have made it profitable for oil traders to send crude from as far as the U.S., the North Sea and West Africa to Asia, and this has weakened demand for spot market purchases from Middle Eastern grades.

Another respondent in the Reuters survey for May prices said:

“The spot market is weak. Almost every type of crude is sold at discount against its OSP.”

LRT. What The Fuck

...is now saying that it's automatic driving system has CRASHED. Ansld for so many hours they keep repeating the same thing.

"TRAIN WILL BE HERE IN ONE HOUR".

Why do I feel that i slept off in Kuala Lumpur and have woken up in North Korea.

LRT, Just speak the TRUTH lah

LRT . Loca People (what the fuck)

Is the 2005 smash hit by Spanish DJ Sak Noel.

LRT is down from Wangsa Maju heading to Kuala Lumpur. What the Fuck Indeed.

I am sitting here on the ground, with a useless blue coin... Atleast serve some refreshments lah, ITS freaking hot here

Jason Goh. Somebody's Watching Me

Looks to be so surreal..But it's happening all right.

The Klang tycoon has been linked with the Johorgate Tan Sri ship scandal.

Somebody's watching me, might be what most corporate players are thinking about.

Penang Port Chairman. Somebody's Watching Me

Is the masterclass hit from Rockwell and Michael Jackson.

Just out, the Penang Port Chairman has been arrested by the anti corruption agency.

The said chairman is closely linked to billionaire Syed Mokthar Al Bukhary. Though, the tycoon has nothing to with this case, this is the second time this week, a key executive of Syed Mokthar has been linked to an on going investigation

HSS Engineers. What's the Colour Of Money

Is a 1990's smash hit for one hit wonders Hollywood Beyond, taken from the album if.

If there is one stock , which has been largely ignored by the broader market players, then that stock ought to be HSS Engineers.

Here is a stock which is up by 50 per cent in six months over its IPO price of 50 sen.

The stock today hit a fresh all time high of 76.5 Sen, with volume for the day, higher than its four week average of  4.41 million shares.

Talk in town is that just is the begining for HSS, as it's next stop is said to be RM1 a share..

If this is true, and if one were to ask you what's the colour of money? The anwser could well be HSS Engineers!!!!.

Orion IXL. Bailando

Is the most popular Spanish song of all time. On U tube alone, there are 1.9 billion views for this Enrique Iglesias Song.

Orion IXL can be as hot as Bailando  , as the stock enters the second stage, where turn over must exceed a BiLLION.

Orion is not 30 Sen heading for 50 Sen next month

Ringgit Malaysia. Balik Kampung

Is a song almost every Malaysian who is not from Bangladesh and Nepal, knows well. It's an evergreen hit by the late Sudirman Arshad.

If the RINGGIT Malaysia were to balik kampung, then it should be one for one with the Singapore dollar.

But the market is cursing another type of balik kampung to the RINGGIT, with talks getting stronger by the day, that at some point, you will need RM3.30 to buy one Singapore dollar.

For now thought, it's just RM3.17 for one Singapore Dollar and COUNTING

China. Eight Trillion. Subeme La Radio

Is the cover version of Enrique Iglesias, by Conor Maynard and Anth Nelo, which is averaging 100k views a day on U Tube.  Their version is that good.

Subeme La Radio, means Blast the radio on. That is exactly what Bloomberg is doing on China's hidden debt. Read below :

Huishan Turmoil Highlights China's $8 Trillion Shadow Loan Risk

Turmoil at a small Chinese dairy company is shedding rare light on the final destination for some of the country’s estimated $8 trillion of shadow banking loans.

Jilin Jiutai Rural Commercial Bank Corp., a major creditor to embattled China Huishan Dairy Holdings Co., said late Tuesday it has extended a total of 1.35 billion yuan ($196 million) in credit to the dairy producer, including 750 million yuan through the purchase of investment receivables from a finance lease company.

Investment receivables -- a category that can include using wealth-management products, asset-management plans and trust-beneficiary rights to disguise what are in effect loans -- allow banks to reduce the amount of cash they need to set aside for capital and provisions for loan losses.

The practice of recording loan-type exposures on balance sheets under categories including investment receivables has allowed hundreds of smaller Chinese banks to boost assets and profits. At the same time, it has created opaque risks that could lead to failures, bailouts or liquidity shocks with the potential to jolt national and global markets.

The external public relations agency for Jiutai didn’t immediately reply to an email seeking comment. The bank doesn’t appear to have broken any disclosure rules on its receivables.

China’s shadow banking system could lead to losses of $375 billion, CLSA Ltd. estimated in September. The brokerage said such financing expanded at an annual 30 percent pace from 2011 through 2015 to reach 54 trillion yuan, or 79 percent of the nation’s gross domestic product. But details have rarely surfaced on the specifics of individual shadow banking arrangements.

North Korea. Money For Nothing

Is the monster hit for Dire Straits taken from the multi platinum album brothers in arms.

It seems, certain Malaysians are brothers in arms with the North Koreans, merely to make Money For Nothing.

Read below. The Malay Mail has this really sickening story :

KUALA LUMPUR, March 29 ― A former federal lawmaker and ex-navy chief both had stakes in a North Korean firm that had allegedly violated international sanctions while operating in Malaysia, according to a report.

Quoting unnamed sources, Wall Street Journal reported that former Malaysian navy chief Tan Sri Ramly Abu Bakar and former Subang MP and MIC leader Tan Sri KS Nijhar both had stakes in Malaysia Korea Partners (MKP), a Malaysian-based company run by a North Korean businessman.

The report said that MKP had tried to award ownership stakes to politically-connected Malaysians to obtain local support and even obtain local contracts.

Nijhar is the director of a MKP subsidiary while Ramly was a shareholder at the same subsidiary.

The report also said that Malaysia is probing local firms that are believed to have circumvented economic sanctions placed upon North Korea by the United Nations.

It said that the Malaysian police are investigating claims that North Korea is violating the international sanctions by using Malaysian businesses.

One of the highlighted business is Malaysia Korea Partners, a company that has built homes in Africa using North Korean workers.

“North Korean laborers ― employed by MKP in Africa, according to the head of a joint venture with MKP and others familiar with the company ― typically must give most of their earnings to the regime as a condition of going abroad, according to human-rights groups,” the report said.

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Bank Negara Malaysia. Ghetto Superstar

Is the massive dance hit by Pras feautring Mya.

Bank Negara, is indeed the ghetto superstar or the jaguh kampung,  who has killed the once thriving NDF trades.

The real implication to this stupid move by Bank Negara Malaysia will only be felt and realised years from now.

In the meantime, Read below, the Bloomberg story :

Malaysia is succeeding in snuffing out currency speculation -- now it has to deal with the fallout.

Offshore trading in ringgit non-deliverable forwards has slumped by about 70 percent since the central bank took steps in November to deter foreign banks from trading the contracts, according to EBS BrokerTec’s electronic-trading platform. Now, officials are looking at easing rules on the short-selling of government debt after the crackdown saw global funds withdraw more than 35 billion ringgit ($8 billion) out of Malaysian sovereign bonds in the four months through February. 

“From what I’ve heard from participants, it’s probably made it harder for some offshore investors in Malaysian debt to hedge their risk,” Jeff Ward, head of Nex Group Plc’s EBS BrokerTec Asia, said in an interview last week in Singapore, referring to the offshore NDF curbs. “Some banks say they can hedge onshore for their clients for trade-related transactions.”

Spurred by an uptick in ringgit volatility in the second half, Bank Negara Malaysia’s campaign is biting after local lenders were told not to facilitate currency transactions related to offshore ringgit market activities. After sliding to a 19-year low in January, the ringgit has clawed back, trading near a four-month high as swings abate. One-month implied volatility on the currency fell to the lowest level since 2014 this month, while the ringgit’s 1.5 percent advance in 2017 trails gains for its peers in Thailand, India and South Korea.

The plan to allow companies and insurers to short sell sovereign bonds is aimed at deepening the domestic financial markets and reviving interest in debt, Assistant Governor Adnan Zaylani Mohamad Zahid said in an interview last week. The central bank continues to provide liquidity to the ringgit market, which is still adjusting to the curbs, he said. The authorities have set a three-to six-month timeframe for stabilization.

Bonds Lag

A Bloomberg index of Malaysian local sovereign debt has climbed 1.6 percent this year, versus a 5.6 percent jump in a similar gauge for emerging-market government bonds.

While ringgit NDF trading languishes, markets elsewhere are brisk. Trading in NDFs on the Indian rupee, Korean won and Taiwan dollar has shown “significant year-on-year growth,” on EBS’s trading platform, Ward said. Asian currency NDF trading has been around since the 1990s, according to the Bank for International Settlements.

“If the intent is to fight fire and snuff out speculation, then one could argue there’s some degree of success,” said Vishnu Varathan, an economist with Mizuho Bank Ltd. in Singapore. “But if the measures sustain well past their warranted window and dampen investor sentiment, then it might show up as a high cost of volatility containment.”

Orion IXL. Wonder Where You Are

Is the 2016 smash hit from Portugal's super group D.A.M.A.

Orion IXL , the stock which is in the running for 2017, stock of the year, has cooled down to 28 sen a share.

Wonder Where You Are, Orion IXL?  Well wonder no more. After 3.30pm today, when the contra players are taken out...This stock will be up and running again.

Some insides say that Orion is good for 50 Sen before April is over...We shall wait and see...If indeed Orion is the real deal ....

Dunhill RM21.50 .Fuck You

Is the smash hit by British singer Lily Allen.

As somebody who smokes, i would like to say FUCK YOU to the government's PR department for saying that the government will increase cigarette​ price to RM21.50, because it wants people to stop smoking.

Fuck you, not for planning to increase the price. But FUCK YOU for lying that you are concerned about our health. The only reason , you are raising prices again is because, you are running out of money.

Sime Darby. When Love Comes To Town

Is the massive 1990's hit for B.B King and Irish super group U2.

For Sime Darby staff, "when love comes to town", it's not good news because, Malaysia's oldest conglomerate is offering a mutual separation scheme for its workers.

Companies normally offer MSS when they no longer can operate in a profitable manner based on the current payroll payout.

Expect, Sime Darby's MSS to hit the newsstands soon.

Malaysia Airlines. After The Love Has Gone

Is the 1979 smash hit from Earth Wind & Fire, taken from the I am album.

It seems, Malaysia Airlines is not in the pink of health after all, and the current CEO apart from being a white guy with a strange slang, hasn't got much going for him after all.

What happens then after the love has gone? Simple, wait for the announcement that Malaysia Airlines is going to cut off the Flights to Darwin, Australia due to poor load factor.

Bank Negara​ Malaysia. Inflation Song (letter to the Government)

Is a minor hit for Ghana's Sarkodie.

In Malaysia, Bank Negara is singing the inflation song, while strongly hinting that the economy will NOT out perform this year.

The Central Bank, says that inflation will exceed an eight year high. What this means is JOE Malaysia's struggle to stay alive is going to get a little bit more harder than yesterday.

Bloomberg has the story on the spiralling inflation. Read Below :

Higher fuel costs probably pushed up Malaysia’s inflation rate this month to above the 4.5 percent rate posted in February, though there’s no evidence that price pressures are spreading more broadly in the economy, an official from the central bank said.

Last month’s inflation rate -- which was the highest in more than eight years and exceeded the median estimate of 3.9 percent in a Bloomberg survey -- wasn’t a surprise to the central bank, Fraziali Ismail, director of the economics department at Bank Negara Malaysia, said in an interview in Kuala Lumpur. If oil prices stay where they are, it’s a “question of arithmetic” that inflation would accelerate, he said.

“Typically in the past, there could be second-round effects if the economy is above potential” and there are demand pressures, he said on March 24. “Yes, the economy is on the up, but we don’t see those pressures emanating at the moment.”

Bank Negara Malaysia said in its annual report released last week that inflation will probably average 3 percent to 4 percent this year, up from 2.1 percent in 2016.

The spike in inflation is complicating Bank Negara’s job as it seeks to keep interest rates low enough to support the economy. The bank has left its benchmark rate unchanged at 3 percent since a surprise cut in July, and economists surveyed by Bloomberg are divided in their views on whether it will raise, reduce or keep rates unchanged this year.

While economic growth has picked up speed, it’s not exceeding the pace of potential output yet, which is estimated to be about 4.7 percent this year, Fraziali said. The economy grew 4.2 percent last year and is forecast by the central bank to expand 4.3 percent to 4.8 percent in 2017.

Ringgit Malaysia. Backlash

Is the 2014 club and house hit by Dub Vision.

It looks like Ringgit Malaysia is facing a blacklash, that don't seem to be going away, despite how Bank Negara Malaysia tries to spin the story.

The reality is at RM3.17 for One Sing Dollar is a FRESH record (low) for the Ringgit. And at RM4.42 to the US dollar, no matter how Donald Trump fucks up, the Ringgit is not making any headway.

Dataprep. Wrecking Ball

Is the 2014 hit for Mikey Cyrus, which won her the MTV music video of the year award.

I told you so, that Dataprep is like a Tsunami, but we'll it's back like a wrecking ball, up six sen to 61 Sen.

It's game on, for Dataprep.

OPEC. Used To Have It All

Is a half decent club hit early this year for Afrojack & Fais.

OPEC used to have it all, but now it is just another face in the crowd. Not only the market is demanding a continuation of the oil production cuts, the market demands more steeper cuts.

Why is this so, you might ask? Well to anwser that question, you will have to look how Saudi Arabia F Up in trying to kill shale oil.

First when the prices were high , the Saudi's flooded the oil market in the hopes of killing shàle, but the strategy failed, coz the price was still good enough for shale to book a profit and learn to be cost effective in order to fight yet again.

And then when the prices were down, the Saudi's cut production, and yet again gave shale a lifeline by bringing the prices above their cost.

Market Watch, has this sad oil story. Read Below :

Oil ends lower as crude producers fail to ease global supply angst

U.S. rig count rises; OPEC meeting fails to impress

Oil prices finished lower Monday, pressured by another weekly rise in the U.S. oil-rig count and uncertainty over whether OPEC will extend its production cuts into the second half of the year.

May West Texas Intermediate crudeCLK7, +0.17%  fell 24 cents, or 0.5%, to settle at $47.73 a barrel on the New York Mercantile Exchange—giving back nearly all of th e nearly 0.6% gain it saw Friday. May Brent crude LCOK7, -0.02%  on the ICE Futures exchange in London eased by 5 cents, or 0.1%, to $50.75 a barrel.

On Friday, WTI oil rose 0.5%, while Brent gained 0.5%, but each saw weekly losses of 1.7% and 1.9%, respectively.

Five representatives of countries that signed up to the Organization of the Petroleum Exporting Countries output agreement—Kuwait, Algeria, Venezuela and non-OPEC nations Russia and Oman—met in Kuwait on Sunday to review the current levels of compliance.

OPEC officials urged members to cut oil production in line with last year’s agreement, and said the compliance committee will meet again in late April to recommend to the cartel whether cuts need to be extended another six months.

The gathering “provided only a lackluster statement that stops short of the commitment to rolling over the cuts that many investors hoped to see,” said Enrico Chiorando, a U.K.-based analyst at energy consultancy Love Energy.

Oil prices, however, settled off their worst levels of the session after Mohammed Saleh al-Sada, Qatar’s energy minister, speaking at an event in London Monday, said the agreement should be extended beyond the third quarter of this year, according to a report from the International Business Times.

“OPEC members increasingly indicated support for extending the cut beyond the current end date in June,” said Chiorando. “While an extension remains uncertain, OPEC members appear to be largely in favour and will be keen to press ahead if they can secure support from the 11 nonmembers who have aligned themselves with the drive.”

Meanwhile, “growth in U.S. shale production continues to offset OPEC’s efforts,” said Chiorando.

A report from Baker Hughes released Friday showed the number of active U.S. oil rigsBHI, -1.56%  rose 21 to 652 rigs last week—suggesting the likelihood of a rise in domestic production to come.

“With U.S. stockpiles at record levels and new rigs being added every week this year except one, OPEC’s cuts would need to offset this growth as well as further reduce global supply to have the impact on price they are looking for,” said Chiorando

Dow Jones. Lights Out

Is the massive hit from Junior Caldera and the Far East Movement.

The Dow Jones closed in the red, and we haven't had this experience since 2011.

So is it lights out for stocks then? Hell NO, this just a small step backwards.

CNBC has the story on Dow's longest losing run since 2011. Read below :

U.S. stocks closed mostly lower on Monday as investors reassessed the prospects of key White House proposals, including tax reform, coming to fruition.

"When you look at some of the areas that have helped the market, they are waning a bit here," said Daniel Deming, managing director at KKM Financial. "I think you're also seeing some valuation concerns as well.

The Nasdaq composite closed 0.2 percent higher after briefly falling 1 percent.

The Dow Jones industrial average ended about 45 points lower — after falling nearly 200 points earlier, with Goldman Sachs contributing the most losses. The 30-stock index also posted an eight-session losing streak, its longest since 2011.

The S&P 500 dipped 0.1, with financials and telecommunications leading decliners. Financials were dragged by bank stocks, as the SPDR S&P Bank ETF (KBE) and the Regional Banking ETF (KRE) both fell around 0.5 percent.

"This is coming as investors reassess how bad the news on health care actually is," said Kate Warne, investment strategist at Edward Jones. "There are definitely mixed views on that. This could be a catalyst for Republicans to do a better job with tax reform."

The Trump administration was dealt a body-blow Friday after a House bill aimed at replacing Obamacare was pulled from the floor. The GOP bill faced opposition not just from Democrats, but also from conservative and more moderate Republicans, and was not able to secure enough votes to pass.

"It's been such a powerful rally that it's not surprising to see a pullback after a disappointment that big," said Maris Ogg, president at Tower Bridge Advisors, referring to the health care bill's defeat. "But the big picture really hasn't changed."

The House vote was seen as crucial for the Trump agenda. Trump had said the repeal and replacement of Obamacare must happen before action can be taken on his other plans, including a major tax reduction. Stocks have rallied significantly since the U.S. election on hopes of lower taxes, deregulation and fiscal stimulus.

Inari Amertron. Get Rich Or Die Tryin

Is the 2003 debut album from 50 Cent, which propelled him to main stream pop stardom .

At this point Inari, which trades at RM2.౦4 to RM2.O8 range is attracting the same type of vibe : get rich or die tryin.

Recommending Inari, when the Ringgit is only RM4.41 to the US dollar, and it's expansion to China getting into a setback, must look strange .

Still talk is a new massive JV agreement will be announced soon, with Inari looking to touch RM2.50 a share.

So, what are you waiting for? This is Inari, We are talking about, so go get rich or die tryin

Muddy Waters. Dancing On My Own

Is a monster hit this year for Calum Scott.

Muddy Waters LCC, looked to be dancing on its own for the first 80 days of this year, but then suddenly in late March, the firm seems to be right on all the stuff the market got wrong.

First it came out with a report early this year that China's Huishan Dairy is worth close to zero.

Not many noticed that report until , Huishan shares lost more than US$4 billion of its worth inside sixty minuets of trading last Friday.

Some 20 days ago, Muddy Waters said that they have started shorting the market big time, again they were not given serious airtime because the markets were running high on a Trump rally.

Looks like it will be the investors who ignored Muddy Waters who will be having a second listen to dancing on my own

Yap Leng Kuen. Jokero

Is the massive hit for Akcent also known as Edward Maya. I don't think many people have NOT heard JOKERO before. It's that good.

And so is the article by Yap Leng Kuen in the STAR today. The former business boss of the STAR lays it, as it is, saying the market looks overbought, and will need a volume of about eight billion shares, to keep staying alive.

Yes, that was the JOKER in the pack. Sadly though, the trading volume today was only 3.9 billion well short of even last week's six billion shares.

Bursa Malaysia. Leave (Get Out)

Is the 2004, massive hit from JoJo, taken from her debut self titled album.

As i write, the Singapore Straits Times and Hang Seng Index are firmly in red. If you have wisdom, leave, get out and relook the stock market in a day or two.

The Bursa Malaysia CI is still in the GREEN.

Hong Kong. Shàke Down

Is the massive hit for Bob Seger taken from the 1980's Beverley Hill Cops movie soundtrack.

There is a Shake down on Hang Seng , and Bloomberg has the story. For the record, Hang Seng is down 170 points, and if the Dow Jones tumbles tomorrow, get ready for a killing fields.

The Bloomberg story, then :

Huishan Dairy Fallout Spreads as Chinese Lender Slumps 11%

Jiutai Bank shares fall by record as Huishan stock halted

Lender is Huishan’s second-largest creditor, Caixin says

Jilin Jiutai Rural Commercial Bank Corp. shares slumped by a record amid concern over its exposure to the embattled dairy-product manufacturer China Huishan Dairy Holdings Co.

Shares of Jiutai Bank, based in the northeastern Chinese city of Changchun, tumbled 11 percent in Hong Kong trading to HK$4.72 as of 1:58 p.m. local time, its biggest drop since it listed 2 1/2 months ago.

A mysterious collapse in Huishan Dairy’s shares on Friday that erased about $4 billion of its market value and prompted a trading halt has hurt other firms linked to the dairy company.

Jiutai Bank is Huishan Dairy’s second-biggest creditor with 1.83 billion yuan ($266 million) of loans, Caixin reported Saturday. Champ Harvest Ltd., Huishan Dairy’s largest shareholder, owns 17.9 percent of the lender’s Hong Kong-listed shares, data from the city’s exchange show. Champ Harvest is controlled by Huishan Dairy’s Chairman Yang Kai.

Investors are concerned about “how much exposure does Jiutai Bank have, and as Champ is a 15 percent-plus holder of Jiutai Bank, what are the terms of the exposure,” said Andrew Clarke, Hong Kong-based director of trading at Mirabaud. “Are they more favorable than a normal commercial loan?”

Jiutai Bank considers the drop in its share price as a “normal fluctuation,” an external spokeswoman for the lender said by phone from Hong Kong. “The share price is affected by various factors,” she said, adding that the bank had no further comment.

Malaysia, USA, China. All About The Money

Is a minor hit for rapper Troy Ave, taken from the album major without a deal.

Just last week, the South China Morning Post reported that Malaysia is seeing a third wave of  exodus from China to Malaysia.

Well Bloomberg has a story, that the Chinese, atleast the educated rich ones are leaving the middle kingdom by the droves.

Can Malaysia, take advantage of this or will we end up shooting our own foot all for the sake of politics. 

Read below, the new US$14 billion a year China wave into the USA. This type of money , can save our Economy. After all, it's all about the money :

As members of Congress in Washington debate raising the minimum required to obtain a U.S. immigrant investor visa from $500,000 to $1.35 million, concern about the hike has set off a scramble among wealthy would-be participants in China.

“Some clients are demanding that we make sure their applications are submitted before April 28," the date the program expires unless extended or amended by Congress, said Judy Gao, director of the U.S. program at Can-Reach (Pacific), a Beijing-based agency that facilitates so-called EB-5 Immigrant Investor visas. "We’re working overtime to do that."

China’s wealthy, using not-always-legal means to skirt capital controls to get their money out and at the same time gain residency in the U.S., are continuing to dwarf all others as the largest participants in the EB-5 program, despite heightened measures by the Chinese government. 

The initiative channels money to high-profile U.S. real estate projects from New York to Miami to California -- including those by the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser. A current plan by the Kushner family to refinance and reconstruct its New York office building at 666 Fifth Avenue is seeking $850 million in EB-5 funding, as well as cash from Anbang Insurance Group and other investors, according to terms of the proposal reported by Bloomberg News. A spokesman for Kushner Cos.declined to comment.

200,000 Jobs

At stake if the EB-5 is curtailed is a program estimated to have played a role in creating at least 200,000 U.S. jobs and drawing as much as $14 billion from Chinese investors alone, based on data provided by Rosen Consulting Group and the Asia Society.

Bursa Malaysia. Market Makers. Hong Kong. Fallin

Is the 2001 hit that propelled Alicia Keys to international stardom.

On Friday, Huishan Dairy's shares lost 85 per cent of its value in a single day, which has led critics to suggest that such a fall was due to the Hang Seng Stock Indice laissez faire attitude towards market making.

With this in mind, they say that it is correct for Bursa Malaysia to maintain rigidity in how trades are conducted here in order to prevent the stock market from FALLIN.

This is absolutely garbage, because please don't confuse market making with lax regulatory which allows you to cook your books, and steal money.

Read below. Bloomberg has the story on the Hong Kong stock which lost 85 per cent of its pants on Friday :

An Unexplained 85% Fall That's Nothing New for Hong Kong Stocks

Huishan Dairy’s shares suspended after abrupt plunge

Mysterious decline echoes Hang Fat Ginseng, Hanergy, Tech Pro

One of the most striking things about the 85 percent plunge in Huishan Dairy Holdings Co.’s stock on Friday was how little it surprised market observers in Hong Kong.

The mysterious crash, the indefinite trading halt, the hours without a company statement explaining the move -- it was all too familiar for traders who’ve had to navigate at least three similar episodes in the past two years. 

While the city is upfront about its buyer-beware approach to regulation, the frequent sight of multi-billion dollar stocks collapsing in minutes has deterred investors and raised questions about Hong Kong’s role as one of Asia’s premier trading hubs. It’s one reason why the city’s benchmark Hang Seng Index commands by far the lowest valuation among counterparts in the world’s 10 largest markets.

“There are regulatory discounts to the price-earnings multiple,” said Niklas Hageback, a Hong Kong-based money manager who helps oversee about $180 million at Valkyria Kapital Ltd. “Valuation is lagging and this has become a market-wide problem.”

The Hang Seng index trades for about 13 times reported earnings, versus 22 for the MSCI World Index, according to data compiled by Bloomberg.

Hang Fat Ginseng Holdings Co., Hanergy Thin Film Power Group Ltd. and Tech Pro Technology Development Ltd. have all suffered crashes similar to Huishan’s in the past two years. Tech Pro, a provider of LED lighting products, fell 86 percent in 17 minutes in July, while Hang Fat Ginseng plunged 91 percent in an hour in January 2016. Eight months before that, solar panel manufacturer Hanergy dropped 47 percent, wiping out $19 billion of market value in 24 minutes.

Huishan’s slump took less than 90 minutes. About 779 million shares in the company changed hands, the most during the morning session on Hong Kong’s exchange, which doesn’t have daily limits on share-price swings. By the time the stock was halted at midday in Hong Kong, it had lost $4.1 billion of market value.

The Shenyang, China-based company issued a statement about two hours after the rout began, saying it suspended trading after a “significant decrease” in the shares. Huishan said it would comment further after completing an inquiry. Chairman Yang Kai said speculation that the company’s largest shareholder misappropriated 3 billion yuan ($435 million) to invest in mainland real estate was untrue, Netease reported, citing a phone interview with Yang.

Orion IXL. Subeme La Radio

Is the current top five hit on the Spanish charts from Enrique Iglesias. This song has all the ingredients to be the outstanding song of 2017.

Likewise Orion IXL has all the tools to be stock of the year . Subeme La Radio, when translated from Spanish to English , means Blast The Radio.

Get ready to Blast The Radio on Orion, with market players saying that some portion of Inari's business will find its way into Orion.

If that is the case, once the dust settles down, and when 2017 comes to a close, expect to see Orion up there in the RM1 a share land

Dataprep. Tsunami.

Is the massive hit from Dvbbs & Borgeous, which so far have 324 million views on U Tube.

Dataprep can be as hot as that. The stock now trades at 65 sen. Based on technical analysis, the candle stick's have crossed above the major resistances point, hence the stock looks to have a clear run up to RM1 a share.
A CIMB broker says that Dataprep can be the stock of the year but cautioned that the stock can be as volatile as a TSUNAMI.

Ringgit Malaysia. Crude Oil. R.O.C.K in The U.S.A

Is the 1985 hit single from John Cougar Mellencamp from the multi platinum Scarecrow album.

O.P.E.C despite keeping to its production cut promises , sees oil prices crashing again, as the Sheikh's looks to have been burned by shale oil.

This is bad news for Ringgit Malaysia, a net exporter of petroleum.  For shale oil, it's indeed R.O.C.K in the USA, as the oil has found a new KING.

CNBC has the low down on what is hurting oil prices. Read Below :

Oil prices dipped on Thursday, struggling to recover from four-month lows due to investor concerns that OPEC-led supply cuts were not yet reducing record U.S. crude inventories.

Brent crude futures, the international benchmark for oil, fell 11 cents to $50.53 per barrel by 2:25 p.m. ET (1835 GMT). It held above Wednesday's slide to $49.71, its lowest level since Nov. 30 when OPEC announced plans to cut output. 

U.S. West Texas Intermediate (WTI) crude futures settled Thursday's session 34 cents lower at $47.70 a barrel, after threatening to fall below $47 on Wednesday.

Brent remains well below this year's high above $58, hit shortly after Jan. 1 when the deal between the Organization of the Petroleum Exporting Countries and non-OPEC states to curb supplies by 1.8 million barrels per day (bpd) came into effect.

OPEC has broadly met its commitments to reduce output, but non-OPEC producers have yet to fully deliver on pledged cuts and U.S. shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30.

Orion IXL. Perfect

Is the current UK top ten hit single from Ed Sheeran from his just released album titled ÷ . The album itself has generated more than six UK top ten hits.

Orion IXL, was just a 10 to 15 Sen stock in December. Today, it's a 24 Sen stock, with volume yesterday more than 8 times more than its average four week volume.

The stock looks to be in PERFECT condition to hit a bull run ahead of the reverse take over of the company by April 17 this year by ASAP.

Jho Low . Fuck Him

Is the 2011 massive club hit for Kesha.

Will Anybody be saying Fuck Him, as news comes from Wall Street Journal, that the American government is preparing to file its first CRIMINAL charges against those involved in the 1MDB fiasco.

The person who is going to get slapped with criminal charges is Jho Taek Low, or Jho Low. Will he go to New York to defend himself, will he send in 100 lawyers to defend himself?

Or will he be the next high profile fugitive of law, with a potential mega Hollywood movie in the making : When I was the GREATEST!

SCH. Stayin Alive

Is the 1978 monster hit for the Bee Gees taken from the Saturday Night Fever movie soundtrack.

Since March 16, SCH Bhd have gone up from 16 Sen a share to 25 Sen a share.

Around that time, Koh Kin Lip emerged as a substantial owner of SCH.  Koh is a senior director at IOI properties Bhd, Red Sena, and Cocoland.

Koh is a billionaire, but does his name carry the same clout as Koon Yew Yin or Thong Kok Khee, to keep SCH shares Stayin Alive?

We shall soon find out, won't we!!!

Bursa Malaysia. In Da Ass

Is there 2014 house hit for DJ Bazuka. It looks like Bursa Malaysia, is trying hard to find ways to get it In Da Ass.

No need to find ways on how to legalise market making, just sit in the office from nine to five and think of ways to make trading on the stock exchange here more restrictive and unattractive.

The attachment below says it all.

OPEC. I Got U

Is the massive house hit from record producers Duke Dumont and Jax Jones.

Shale oil could be singing just that : I got u to OPEC, as the once mighty cartel once again shoots it's self  on the foot big time, with a messed up and mistimed production cuts.

Reuters have this very sad oil story, which is bad news (don't do it) for what is in store for the Ringgit Malaysia. Read below :

Oil prices fell on Tuesday, with U.S. crude dropping to its lowest since November, as concerns about new supplies overshadowed the latest talk by OPEC that it was looking to extend output cuts beyond June.

The decline also came ahead of the release of U.S. crude inventory data later Tuesday and on Wednesday that is expected to show a crude stock build of 2.8 million barrels for last week, according to a Reuters poll. [EIA/S]

If correct, that would be the tenth weekly crude stock build in the last 11 following a surprise dip in the prior week and could boost inventories back to a record high.

Brent futures for May delivery fell 66 cents, or 1.3 percent, to settle at $50.96 a barrel, its lowest since March 14.

U.S. West Texas Intermediate crude, meanwhile, shed 88 cents, or 1.8 percent, to settle at $47.34 per barrel on the last day for the April contract, falling to its lowest since Nov. 29, before a global effort to shore up prices.

The Organization of the Petroleum Exporting Countries and some non-member producers agreed on Nov. 30 to curb production by 1.8 million bpd from January for six months.

But that deal has unintentionally helped what could be the largest increase in mega projects' production in history, Goldman Sachs said in a research note..

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New production projects and a fresh shale boom could boost output by a million barrels per year and result in an oversupply in the next couple of years, the bank said.

"U.S. oil producers are not going to be held back. For every barrel Saudi Arabia takes off, it looks like U.S. E&Ps (exploration and production companies) are going to put on two," said Kyle Cooper, a consultant for ION Energy in Houston.

The market has declined despite indications on Tuesday that OPEC members increasingly favour extended production cuts but want the backing of non-OPEC oil producers, such as Russia, which have yet to deliver fully on existing reductions.

"OPEC is sticking with a plan that has not worked," said Phil Davis, managing partner at PSW Investments in Woodland Park, New Jersey, noting they are not offering more cuts and no new countries are joining in the cuts.

Commerzbank said that OPEC cuts would need to last into the fourth quarter to achieve the group's goal of reducing record oil stockpiles in industrialized nations to their five-year average.

"We think it is very unlikely that Russia will actively take part in any extension of the production cuts that goes beyond paying lip service to the agreement," Commerzbank said in a note, adding that it would be premature for investors to "pin their hopes" on an extension.

Investors were waiting for data from the American Petroleum Institute (API) at 4:30 p.m. EDT on Tuesday and the U.S. Energy Information Administration (EIA) at 10:30 a.m. EDT on Wednesday. [EIA/S]

PKR, DAP, Amanah, Bersatu. Issues

Is the current single from song writer, Julia Michaels which is storming up the charts.

PKR, DAP, AMANAH and BERSATU it seems have credibility ISSUES, while UMNO is at its strongest since 2013.

All this points to Najib Razak calling for an election soon, to lead UMNO to a general election victory, so says the critically respected Diplomat publication.

Read Below :

The word on the street is that elections in Malaysia will be called this year, ahead of the end of Barisan Nasional’s (BN) five year term. On the surface, it seems like an odd decision. The last election saw BN lose its two-thirds majority in Parliament, along with the popular vote, although a gerrymandered system in which rural Malay votes held more sway than more mixed urban areas kept BN and Prime Minister Najib Razak in power. The nearly four years since have seen scandal after scandal; relentless crackdowns, the fracturing of the opposition, and a massive, international money laundering scheme that implicates even Najib himself.

With everything that’s happened, it’s hard to believe the BN would want to call elections early. But dive in deeper and the on-the-ground reality is starkly different from what one perceives from a distance. BN and its dominant member, the United Malays National Organization (UNMO) are stronger, and more entrenched, today than any point since 2013. 

Ringgit Malaysia. Keep Your Eyes On The Sparrow

Is the 1975 monster hit from the legendary Sammy Davies Jr. The soundtrack is the theme from the TV series Baretta.

The recurring theme of the song is DON'T DO IT, while the lyrics to the song goes something like this.

Keep your eyes on the sparrow
When the going get's narrow
Don't roll the dice
If you can't pay the price
Don't do the crime
If you can't do the time.

Ringgit Malaysia is obviously the sparrow here with both Najib Razak and Mustapa Mohamed saying that the ringgit has stabilised.

At RM4.43 to the US Dollar, and one Singapore Dollar fetching a RECORD RM3.16, this is COLD comfort, so keep your eyes on the SPARROW, as the going from now on is going to get a whole lot of NARROW.

Ringgit Malaysia. Solo Dance

Is a current top 20 UK hit for Martin Jensen.

It looks like the Ringgit will be doing a solo dance this week, as the market looks worriedly on what will foreign funds do with some RM10.5 billion worth of government bonds that will mature.

The next few days, its internal factors that are going to determine the Ringgit's fortunes, namely has Bank Negara Malaysia, SHOT itself on the foot by crimping the NDF markets.

The ringgit starts the day at 4.45 against the US dollar, 3.16 against the Singapore Dollar.

Satu Ribu Ringgit kini cuma bisa membeli 2.984 juta rupiah Indonesia....

Donald Trump. Moscow Fucking City

Is the 2015 massive underground club hit for DJ Rich Art.

Donald Trump may have screamed in his heart Moscow fucking city, as he tweeted that former president Obama had his phone tapped.

My take on this is, of course he did it, cowboy (BUT You Will Never Be Able To Prove It). Because if he didn't do it, then no way in hell would your national security adviser, son in law , and attorney general, get caught with their pants down, for lying to congress.

The trio had met with spy master cum Russian ambassador to USA, without leaving any official trail of such meetings, until the anti trump media namely CNN and Washington Post splashed out the story.

Read Below what Trump is tweeting on Obama. The story is from CNN:

President Donald Trump made a stunning claim Saturday, alleging without offering evidence that his predecessor, Barack Obama, wiretapped his phones at Trump Tower ahead of the 2016 election.

"Terrible! Just found out that Obama had my 'wires tapped' in Trump Tower just before the victory. Nothing found. This is McCarthyism!" Trump tweeted early Saturday morning in one part of a six-tweet tirade that began just after 6:30 a.m.

MH370. Don't Give Up

Is the smash hit from the 1980's from the former front man of Genesis, Peter Gabriel and Kate Bush.

MH 370, the relatives of the missing won't give up, as they plan to raise as  RM 50 million to keep the search going.

Read below. Reuters has the story :

Relatives of those who went missing onboard Malaysia Airlines Flight 370 announced on Saturday that they planned to raise millions to fund a search for the aircraft, which vanished nearly three years ago.

Grace Nathan, a Malaysian lawyer whose mother, Anne Daisy, was on the plane, said the families hoped to raise around $15 million (14.1 million euros) as a start. She said the money would be used to finance a search north of the region of the southern Indian Ocean that was jointly scoured for nearly three years by Australia, Malaysia and China without success.

However, Nathan said no money would be gathered until it was sure the three governments had definitely ceased their efforts to find the plane.

Bernama. Ringgit Malaysia. Crash!Boom!Bang!

Is the 1990's massive hit by the duo Roxette, taken from the album of the same name.

Bernama now says that the RINGGIT is going to crash to RM4.48. The Ringgit now is trading at only RM4.45, but Bernama has raised the crash!Boom!Bang! alarm.

With a national news agency like this, I guess NAJIB RAZAK doesn't need an opposition, because he already has it in BERNAMA.

Read the Bernama report below :

The ringgit is expected to trade lower at 4.48 to the US dollar next week, on rising expectations of the Federal Reserve (Fed) raising interest rates this month.

Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the local note will be pressured further by the rise.

“The market focus is now on the Fed policy meeting on March 14-15,” he told Bernama.

Crude Oil. Dollar. Born In The USA

Is the hugely successful single and album from the BOSS himself, Bruce Springsteen.

Oil prices tumbled yesterday, after the Russians didn't cut out put as much as they had promised.

But the major problems for crude oil are actually born in the USA, from shale oil to a very strong dollar.

The dollar might get stronger due to potential interest rate increase. Read below. Reuters has the story. Read below :

Oil prices fell more than 2 percent on Thursday after Russian crude production remained unchanged in February, showing weak compliance with a global deal to curb supply to tighten the oversupplied market.

Russia's February oil output was unchanged from January at 11.11 million barrels per day (bpd), energy ministry data showed, with cuts remaining at 100,000 bpd or just a third of the levels pledged by Moscow under the agreement with the Organization of the Petroleum Exporting Countries.

Brent futures ended the session $1.28, or 2.3 percent, lower at $55.08 per barrel and U.S. crude settled down $1.22, or 2.3 percent, at $52.61.

A stronger dollar also weighed on green-back denominated oil, making it more expensive for buyers in other currencies. The dollar rose to seven week highs against a basket of currencies after hawkish comments by a Federal Reserve official encouraged investors to expect a near-term interest rate hike. [USD/]

Koon Yew Yin. Return Of The Mack

Is the mega comeback hit for jail bird Mark Morrison.

Likewise, it was return of the Mack time for Koon Yew Yin's JAKS Resources.

Volume was 18.4 million or double the 30 day average of some 9.2 million shares.

The stock was up eight sen to RM1.16 as JAKS Resources aims for RM1.50 inside the next six trading days