From May to Aug 2022, KLCI tops 1600 in mid May, plunges to 1420 in mid July and since has recovered to 1500. World economy is in shambles, liquidity crunching, sentiments are bad with inflation spiraling up due to geopolitical tensions and technically puts the world in a recession.
Stock prices have come off the highest from May and I have sold off all my holdings, IOI Corp, MHC, Sarawak Plant in the palm oil plantation sector.
Maxis recent posted quarterly earning, Qeps of 4.2sen (Qeps/eps 4.3/4.6/4.2/3.7/3.8/4.2) seems to indicate consistent results. DIGI Qeps meanwhile was 2.8 sen (Qeps 3.4/3.6/4.0/3.9/3.0/2.8). Both declared dv 5 sen and 2.8 sen respectively going ex. by month end. Stock prices stood at 3.70 for Maxis and 3.60 for DIGI
CLMT stock price at RM0.57 (nta 1.10, Qeps 0.4/0.5/0.1/-2.4/1.0/1.1) declared dv 1.95sen going ex, 12th Aug. It is unclear whether earnings can be sustained given the tough environments that REITS are going through in the present. YTL reits closed at RM0.96 (nta 1.62, Qeps 0.0/5.6/0.9/0.1/0.0/4.8) declared a dv 2.07sen ex. on 12th
Scientex price plunges to RM3.40 (nta 1.96, Qeps 7.2/7.1/9.2/6.6/6.0/5.7) on worries of diminishing earning affected by rising cost of raw materials in their plastic packaging film production and their property developments in Johor.
Very bearish on the Malaysian stock market. Nothing really worth buying as most stocks seems so pricey, overvalued and risky. Don't listen to any analysts calling for a BUY & HOLD on any stocks.
Many people are holding cash (liquidity) and are fearful of the stock markets. Others are just holding their cash to ride out the uncertainties and their expenses in this liquidity crunch. Keep cash (liquidity) in hand, always.