The Malaysian government is thinking Whether to sell or Refinance Malaysia Airlines

Prime Minister Mahathir Mohamad stated he’s studying selections for flag service Malaysia Airlines Bhd., such as whether to invest extra funds, sell it off or even shut the organization down. The Malaysian government is thinking about whether to shut, promote or refinance national carrier Malaysia Airlines (MAB), Prime Minister Tun Dr Mahathir Mohamad said on Tuesday. The authorities was once analyzing selections for the country wide carrier, and a choice ought to be made “soon”, Mahathir said, when asked about analysts’ hints the airline be shut down or spun off.

"It is a very serious matter to shut down the airline," Dr Mahathir told a information convention at Parliament.

"We will however be reading and investigating as to whether we need to shut it down or we  promote it off or we have to refinance it. All these matters are open for the government to decide."

"It is a very serious count number to shut down the national airline,” he advised reporters at parliament. “We will however be analyzing and investigating as to whether we should shut it down or we  sell it off or whether or not we ought to refinance it. All these things are open for the authorities to decide. We have to decide soon.”

Malaysia Airlines has sought to flip itself round seeing that being taken private with the aid of sovereign wealth fund Khazanah Nasional Bhd. in 2014. That followed tragic incidents involving one of its planes disappearing over the Indian Ocean and some other being shot down over Ukraine. Khazanah is demanding the provider come up with a strategic layout to compete in the industry, after pouring in 6 billion ringgit ($1.5 billion) into the airline to make it profitable.

A consultant for Malaysia Airlines didn’t at once respond to requests for comment.

While the provider has no Boeing 737 Max aircraft in its fleet, it expects to acquire deliveries of that model in 2020. The government has asked Khazanah and Malaysia Airlines to revisit that settlement with Boeing Co. to ensure the security of passengers, stated Minister of Economic Affairs Azmin Ali said, adding that they’re carefully monitoring the investigation into the Ethiopian Airlines crash.

Malaysia Airlines is facing accelerated stress to revive its overall performance after its parent Khazanah swung into a 6.27 billion ringgit pretax loss remaining year. The carrier accounted for about half of the impairments that weighed on the wealth fund’s portfolio, Khazanah’s Managing Director Shahril Ridza Ridzuan stated previously this month.

The selections for the airline had been mentioned at the ultimate board assembly involving the service and Khazanah, who are “taking up this matter seriously,” Azmin told newshounds in parliament on Tuesday. He added that the airline could discover new markets from Indonesia and Thailand to aid its turnaround strategy. 

Epic Research is performing a basic role as a leading financial advisory firm by providing good recommendations for,KLSE Stocks, Comex and Forex and all other segments with the help of experts and it maintains high accuracy.

FBM KLCI Index Lost 0.20% on Thursday

The FBM KLCI index lost 3.45 points or 0.20% on Thursday. The Finance Index fell 0.21% to 17180.78 points, the Properties Index dropped 0.58% to 864.42 points and the Plantation Index down 0.86% to 7317.43 points. The market traded within a range of 16.25 points between an intra-day high of 1686.59 and a low of 1670.34 during the session.

Actively traded stocks include HIBISCS, INARI, PRESBHD, FRONTKN, SAPNRG, MYEG, HSI-C3W, IRIS, HSI-H4V and BORNOIL. Trading volume decreased to 2243.74 mil shares worth RM2336.34 mil as compared to Wednesday’s 2251.33 mil shares worth RM1871.49 mil.

Leading Movers were MISC (+22 sen to RM6.10), AXIATA (+11 sen to RM3.44), DIGI (+10 sen to RM4.17), KLCC (+12 sen to RM7.66) and PETGAS (+22 sen to RM18.20). Lagging Movers were DIALOG (-15 sen to RM3.21), SIME (-9 sen to RM2.11), GENTING (-18 sen to RM7.22), CIMB (-12 sen to RM5.58) and HARTA (-13 sen to RM6.17).

Market breadth was negative with 173 gainers as compared to 768 losers. The KLCI managed to narrow losses and closed lower at 1686.59 points amid overnight retreat in US market. The performance of our local bourse was in tandem with most of our regional peers following overnight sell-off in US market.

Epic Research is a leading global financial services provider. Epic Research has proven itself as Investment Advisory Company that produces and delivers high accuracy tips and recommendations.To find the Daily updated KLSE stock market tips , Comex signals, Forex signals Malaysia via SMS, call & email. Sign up here or Whatsapp us at +917312580605

Click here for Free Signals OR Give A Missed Call : +60350219047
Follow Us On Twitter : www.twitter.com/epicresearchmy
Like Us On Facebook : www.facebook.com/EpicResearchMalaysia
Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my

COMEX MARKET IN MALAYSIA| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

• Gold eased Friday on light profit-taking, a day after achieving its biggest one-day rally in two years. But support remained solid above the $1,200 level from safe-haven demand triggered by the recent weakness on Wall Street and spike in Treasury yields. “My 35 years on the floor have seen all this before,” George Gero, analyst at the RBC Wealth Management in New York, said, referring to gold’s ability to stay above the $1,200 level despite a series of rate hikes planned by the U.S. Federal Reserve.
• The winter heating season officially began this month, with U.S. supplies of natural gas roughly 17% below the five-year average for this time of year—sending prices for the commodity to their highest levels since January. That could presage elevated, volatile prices as temperatures begin to fall. Domestic natural-gas supplies in storage stood at 2.956 trillion cubic feet for the week ended Oct. 5, according to the U.S. Energy Information Administration.
• Oil prices rebounded Friday from the previous day's rout, but still logged their biggest weekly loss since the second quarter after data showed U.S. drillers ramping up output, even as a second global energy agency said the market was adequately supplied. A weekly reading on the U.S. oil rig count rose by eight, the first such climb in four weeks, which signaled the U.S. shale crude industry was intensifying drilling with prices near four-year highs.

ECONOMY NEWS

• Italian officials must stop questioning the euro and need to "calm down" in their budget debate as they have already caused damage to firms and households, European Central Bank ECB President Mario Draghi said on Saturday. Italy's government has been locked in a war of words with European officials over Rome's plans to triple the deficit next year, backtracking on a previous pledge to narrow the budget gap in one of the bloc's most indebted countries.
• The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened to knock global growth. The agreement came as U.S. Treasury Secretary Steve Mnuchin reiterated his concern over the yuan's weakening against the dollar - a drop that Washington suspects may be aimed at giving Chinese exports a trade advantage and offsetting U.S. tariffs.
• Japan wants to highlight global imbalances as key topics of debate, and take steps to fix them, when it chairs next year's gatherings of the Group of 20 major economies, government officials said this week. Tokyo hopes other countries would join Japan to counter U.S. President Donald Trump's focus on narrowing U.S. trade deficits through purely bilateral trade deals, the officials say, rather than the big international agreements now in place.

For More information and daily updated KLSE stock picks, Comex signals, Forex signals Click here - http://www.epicresearch.my or Whatsapp us at +917312580605

Today’s comex gold signal and daily technical report Malaysia

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

• The United States is getting "very, very close" to having to move forward on its trade deal with Mexico without Canada, White House economic adviser Kevin Hassett said on Friday. There is just over a week to go before a U.S.-imposed Oct. 1 deadline to publish the text of a deal to update the North American Free Trade Agreement, and the United States and Canada have still not agreed on terms, Hassett told Fox News Channel.
• WTI crude oil prices settled higher Friday, as traders cheered signs of tightening U.S. output, though sentiment was soured by a report suggesting major oil producers were ready to discuss plans to ramp up output. On the New York Mercantile Exchange, crude futures for October delivery rose 46 cents to settle at $70.78 a barrel, while on London's Intercontinental Exchange, Brent gained 0.09% to trade at $78.77 a barrel.
• Metal prices were in rally mode Friday as copper hit 12-week highs, shrugging off a strong dollar on easing trade war fears, though analysts warned downside momentum could resume. The United States and China, earlier this week, announced tariffs at a lower rate than many had feared, helping lift sentiment on trade, easing fears escalating trade tensions would dent China's appetite for metals.

ECONOMY NEWS

• China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources. The Wall Street Journal said a mid-level delegation was due to travel to Washington ahead of Liu's visit, but the trip has now been abandoned. Earlier this week, China added $60 billion of U.S. products to its import tariff list as it retaliated against U.S. duties on $200 billion of Chinese goods set to go into effect from Sept. 24.
• U.S. Treasury official Adam Lerrick has been tapped by the Trump administration to serve as the country's acting executive director at the International Monetary Fund, the Financial Times reported on Friday, citing a source. Lerrick, who is a counselor for international affairs, will be temporarily appointed U.S. executive director at the IMF while the administration awaits the Senate confirmation of investment banker Mark Rosen to the role, the report said.
• Newly appointed Zimbabwean Finance Minister Mthuli Ncube would like to employ a "big bang" economic reform program to the battered economy where unemployment is running above 80 percent, but recognizes politics will limit the speed for change. "My preference is a fiscal shock, but there is a what you call the political collar or the politics of policy making which then slows you down. My preference would be more of a big bang approach because every day counts in terms of cost," Ncube, a former banker, said in a briefing with journalists on the sidelines of an investor conference in New York on Friday.

For More information and daily updated KLSE stock picks, Comex signals, Forex signals Click here - http://www.epicresearch.my or Whatsapp us at +917312580605