Wed Jul 30, 3:38 PM ET
NEW YORK (Reuters) - Oil rose more than $4 a barrel on Wednesday after U.S. government data showed an unexpected drop in gasoline stocks as suppliers facing weak consumer demand cut production and imports.
U.S. crude settled up $4.58 at $126.77 a barrel after falling to $120.42 on Tuesday, the lowest level since May 6.
But energy market analysts offered mixed views on whether prices would swing back toward record levels above $147 a barrel hit earlier this month or if Wednesday's big rally was just a temporary bump.
Thursday, July 31, 2008
Friday, July 18, 2008
OIL, Commodities & Stock To Tumble
Below is a news report at the Star Online confirming what I said in my Blog for the last 2 days:
Friday July 18, 2008 MYT 1:19:04 PM
KLCI stumbles, plantations slide at midday
By JOSEPH CHIN
KUALA LUMPUR: The fall in crude oil and crude palm oil futures dragged plantation stocks into the red and the losses pushed the 100-stock KL Composite Index into the negative zone in the morning session Friday.
The KLCI was the second worst performer among all the major Asian markets after Taiwan, as Malaysia was also weighed down by domestic issues including the political developments.
At 12.30pm, the KLCI had fallen 15.57 points to 1,105.6. Turnover was 166.41 million shares valued at RM451.2mil. There were 106 gainers, 352 losers while 194 counters were unchanged.
Taiwan’s Weighted Index fell 103.42 points or 1.48% to 6,871.09, Singapore’s Straits Times Index fell 1% to 2,835.53, Japan’s Nikkei 225 0.55% lower at 12,817.47, Hong Kong’s Hang Seng Index 0.12% lower at 21,709.52 but Shanghai’s A Share Index bucked the trend to rise 0.28% to 2,823.92.
Crude oil fell to US$130 per barrel while crude palm oil futures skidded RM70 to RM3,365 per tonne.
Plantation stocks led the losers’ list with KL Kepong falling RM1.20 to RM14, Batu Kawan 50 sen to RM9.25, Sime Darby and Asiatic declined 40 sen each to RM7.70 and RM6.35, Kulim 35 sen to RM7.95 and Kulim-WB 40 sen to RM5.60.
IOI Corp was the most active with 14.94 million shares done and it tumbled 50 sen to RM5.60.
Telekom rose six sen to RM3.40, Resorts four sen to RM2.57 and AirAsia two sen to 91.5 sen in active trade. Maybank rose 10 sen to RM7.0 while BAT added 25 sen to RM41.50.
Friday July 18, 2008 MYT 1:19:04 PM
KLCI stumbles, plantations slide at midday
By JOSEPH CHIN
KUALA LUMPUR: The fall in crude oil and crude palm oil futures dragged plantation stocks into the red and the losses pushed the 100-stock KL Composite Index into the negative zone in the morning session Friday.
The KLCI was the second worst performer among all the major Asian markets after Taiwan, as Malaysia was also weighed down by domestic issues including the political developments.
At 12.30pm, the KLCI had fallen 15.57 points to 1,105.6. Turnover was 166.41 million shares valued at RM451.2mil. There were 106 gainers, 352 losers while 194 counters were unchanged.
Taiwan’s Weighted Index fell 103.42 points or 1.48% to 6,871.09, Singapore’s Straits Times Index fell 1% to 2,835.53, Japan’s Nikkei 225 0.55% lower at 12,817.47, Hong Kong’s Hang Seng Index 0.12% lower at 21,709.52 but Shanghai’s A Share Index bucked the trend to rise 0.28% to 2,823.92.
Crude oil fell to US$130 per barrel while crude palm oil futures skidded RM70 to RM3,365 per tonne.
Plantation stocks led the losers’ list with KL Kepong falling RM1.20 to RM14, Batu Kawan 50 sen to RM9.25, Sime Darby and Asiatic declined 40 sen each to RM7.70 and RM6.35, Kulim 35 sen to RM7.95 and Kulim-WB 40 sen to RM5.60.
IOI Corp was the most active with 14.94 million shares done and it tumbled 50 sen to RM5.60.
Telekom rose six sen to RM3.40, Resorts four sen to RM2.57 and AirAsia two sen to 91.5 sen in active trade. Maybank rose 10 sen to RM7.0 while BAT added 25 sen to RM41.50.
Thursday, July 17, 2008
Impact Of Inflation On Kuala Lumpur Real Estates
Oil Has Indeed Falls Below US$135 Today. I expect oil and commodities prices to fall continuously. As mentioned yesterday, oil may stage a rebound To US$160/barrel after falling to US$118/barrel. This is the economic cycle where bond & stocks will also be drag down due to inflation worries.
Inflation will prevail, causing economic downturn. Jobs loss will increase. Due to high margin of financing given by banks during the last fews years and considering property value has not appreciate much, bankers will panic to execute forecloser for residential properties for location out of the 20km radius from KL, especially for those pricing below RM300k.
As spare production capacity is high and income of the average or poor are greatly reduced, both office space, industrial and retailing outlet will also be affected not with standing where these are located .
As most of the residential properties sold during the last 4 years are mainly for own-use, prices for residential within the 20km city radius will hold or soften slightly, with some forecloser by banks giving great bargains. It will be a scenario where property price won't drop much in this location, but with occassional good bargains from banks' auctions. However, properties below RM300k will be slow to dispose (if no good bargains is offered), especially financing from bank will be tightened with buyer having to cough high initial deposit. As for high-end properties within this location, selling will be easier with lots of good bargains as buyer in this category remains afordable.
Developers will face challenging times. They really need innovative building designs plus value-for-money package to capture buyers' hearts. And this policy is good only with branded developers, as fear of non-delivery by less known developer will rings in the minds of buyer.
If the economic down turn is a long one, it may change permanently the lifestlye of the mass population. This means also change in the way we live and work. This dictates changes in housing design, community concept, etc that may result in the house currently we stay being out of date and hence drop in demand and value by the time recession is over.
So What Now? Hold Or Sell Or Buy?
Inflation will prevail, causing economic downturn. Jobs loss will increase. Due to high margin of financing given by banks during the last fews years and considering property value has not appreciate much, bankers will panic to execute forecloser for residential properties for location out of the 20km radius from KL, especially for those pricing below RM300k.
As spare production capacity is high and income of the average or poor are greatly reduced, both office space, industrial and retailing outlet will also be affected not with standing where these are located .
As most of the residential properties sold during the last 4 years are mainly for own-use, prices for residential within the 20km city radius will hold or soften slightly, with some forecloser by banks giving great bargains. It will be a scenario where property price won't drop much in this location, but with occassional good bargains from banks' auctions. However, properties below RM300k will be slow to dispose (if no good bargains is offered), especially financing from bank will be tightened with buyer having to cough high initial deposit. As for high-end properties within this location, selling will be easier with lots of good bargains as buyer in this category remains afordable.
Developers will face challenging times. They really need innovative building designs plus value-for-money package to capture buyers' hearts. And this policy is good only with branded developers, as fear of non-delivery by less known developer will rings in the minds of buyer.
If the economic down turn is a long one, it may change permanently the lifestlye of the mass population. This means also change in the way we live and work. This dictates changes in housing design, community concept, etc that may result in the house currently we stay being out of date and hence drop in demand and value by the time recession is over.
So What Now? Hold Or Sell Or Buy?
Wednesday, July 16, 2008
Is Oil Coming Down?
I have been expecting oil price to come down since June 15 when it was only about US$138, but instead it short up to new heights to US$149 in July. Now looks like this expectation is coming true. The last few days oil price slide more than moving upward. If it falls below US$135 the next few days, it will be on its way down to US$118, then it may move to US$160 by early next year.
It is indeed difficult time for us here in Malaysia, especially politically. I am real fed-up, just wish the politicians thinks and work more for the citizens than just whacking like ducks. Blessed with many resources, we should be able to make it even the world is at it worst .... provided the right government is in place.
With oil price moving up for long term, one thing for sure, lifestyle need a change to basic. Basic? Say is easy but must try. Like to comment on living a basis lifestyle? Suggest some ways!
It is indeed difficult time for us here in Malaysia, especially politically. I am real fed-up, just wish the politicians thinks and work more for the citizens than just whacking like ducks. Blessed with many resources, we should be able to make it even the world is at it worst .... provided the right government is in place.
With oil price moving up for long term, one thing for sure, lifestyle need a change to basic. Basic? Say is easy but must try. Like to comment on living a basis lifestyle? Suggest some ways!
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