MONEY MASTER

If this is not volatile, then what is? Yesterday, the market was down slightly, and people blamed it on the possibility of Iran not joining the Russian-Saudi-led move to freeze production but today, the global market celebrated the "support" from Iran. I was looking at the Wall Street rally yesterday, thinking to myself, there it goes again. At one time, the analyst blame the oil for the downtrend, then they said it's surging or rallying because of it.  Anyway, the FBM KLCI started the day with a strong rally and reached its high of 1,685.65 for the day before some profit taking kicks in. Nevertheless, the benchmark index still close 15.70 points higher to 1,680.02 points. FBM KLCI jumped 15.70 points to 1,690.02 News from Reuters said that US crude  was up 2.1% at US$31.34 a barrel following a 7% jump on Wednesday after Iran voiced support for a Russia-Saudi-led move to freeze production to deal with the market glut that had pushed prices to 12-yea...

Hup Seng's net profit jumped 22% Hup Seng Industries Bhd was in our "Stock Pick" early this year. We have been monitoring the company for its strong historical earnings and financial track record. While the share price had come down slightly from the day we wrote the post, we believe the stock is a good pick for a long term investment given the management's track record and a rather decent dividend yield. Anyway, today, Hup Seng released its 4th quarter earnings and the net profit of the company jumped 22% to RM15.39 million or 1.92 sen a share for the fourth quarter ended Dec 31, 2015 (4QFY15) from RM12.6 million or 1.57 sen a share a year ago, mainly due to improved sales margin brought about by lower input costs, weaker ringgit and improved efficiency in production. Its revenue for 4QFY15 also increased by 8.72% to RM80.07 million versus RM73.65 million in the previous year, as benign growth in demand for biscuits in local and export market...

U.S. stocks traded higher at the start of Wednesday, looking to go for a three-day win streak, helped by a rise in oil prices and some encouraging economic data ahead of the afternoon release of the Fed meeting minutes. US market kickstart brightly on Wednesday U.S. crude oil futures rose, briefly trading more than 5 percent higher above $30.50 a barrel in mid-morning trade. This was after a news report on the comment made by Iran Oil Minister Bijan Zanganeh on his supports of any effort to stabilize the market and prices of oil. According to news report, Iran oil minister also said in the report the Tehran oil producers meeting was good. Zanganeh did not explicitly say in his remarks quoted by Shana that Iran would keep its own output at its January level. The Dow Jones industrial average gained more than 200 points in morning trade with Boeing the top contributor to gains. The Dow transports gained more than 1.5 percent. The S&P 500 topped the psychologically key 1,900 ...