Apple hasn't crossed below the 200MA for a long time.The fact tt it just did could be signalling that it is in for a bearish run at least for the mid term or it might be entering a consolidation phase.
Fundamentally, we need to look if its recent releases of ipad mini and iphone 5 has significant impact on its bottom line relative to the rest of its competitors especially samsung.
My take will be to hold out and see what happens. Anyways, we're may-july is usually not a good period for stocks. If you're looking to hold the shares for mid to long term then I would suggest a hold. It is uncertain to me if the stock will rise or fall in the short run. Just my two cents worth!! :)
KUALA LUMPUR: The Malaysian oil, gas and energy sectors have exceeded its target, achieving 112 per cent of its 2017 key performance indicator (KPI).
The National Transformation Programme 2017 Annual Report said this was attributed to highest ever foreign direct investment (FDI) inflow to Malaysia of US$7 billion investment from Saudi Aramco in the Refinery & Petrochemical Integrated Development Project (RAPID) in Johor.
Meanwhile, the US$27 billion Pengerang Integrated Petroleum Complex's (PIPC) has reached 84 per cent completion, and set to be 100 per cent operational by the first quarter of 2019.
En route to materialise its target to make Malaysia an oil and gas downstream hub, the Pengerang Deepwater Terminal (PDT) received more than 1,458 vessels including seven very large crude carriers (VLCCs) and handled 1.5 million tonnes of petroleum products as of December 2017.
For the oil and gas services and equipment (OGSE) sector, Malaysia aims to reach RM10 billion in investments in two years compared to RM7.7 billion investments recorded last year.
The sector also eyes to achieve the target of 50 multinational companies (MNCs) to set up operation in Malaysia against 39 from 2012 to 2017.
18 OGSE MNCs have already based their headquarters in Malaysia.
The report said the oil, gas and energy sector had increased Malaysia's competitive advantage by intensifying exploration and enhancing production from domestic reserves while building a strong presence in the regional mid-stream logistics and downstream markets in addition to exploring alternative energy sources.
With the Gas Supply (Amendment) Act 2016 having been amended on January 16 last year, new gas market licencses were issued through Third Party Access, allowing the entrance of new players into the market.
Malaysia has also committed to the Paris Agreement with 500 energy-intensive companies' having reduced total energy consumption to 14,455 GWh and set aside RM200 million funds to spur the implementation of energy-efficient projects.
The number of photovoltaic service providers grew to 120 in 2017 from 30 companies in 2011 and 6,114kW of Net Energy Metering capacity approved in 2017.
Oliver Blume, CEO of Porsche, said on Friday that company executives traveled to the United States at the end of last year to discuss possible cooperation projects with Apple Inc and other technology companies. "We already have Apple Inc CarPlay function, and we will expand on this basis," Blume said at the company's annual results videoconference. " "Porsche and Apple Inc work closely together and the two companies are on the same channel," he added. " But Blume points out that it is too early to make any decisions about future projects. Blume also said, "the future of Porsche is electric. It is expected that by 2030, 80% of the company's global sales will be pure electric vehicles. "
This page is machine-translated. Futubull tries to improve but do not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.
Risk disclosure: The above content only represents the opinion of the authors or guests, and does not represent any positions of Futu or constitute any investment advice on the part of Futu. Before making any investment decision, investors should consider the risk factors related to investment products based on their own circumstances and consult professional investment advisers where necessary. Futu makes every effort to verify the authenticity, accuracy, and originality of the above content, but does not make any guarantees or promises.
Good article worth sharing with friends
￼ Facebook￼ Whatsapp￼ Twitter
North Water sold Tencent for more than HK $300 million, Li Ning Co. Ltd. received a net purchase of HK $1.2 billion, and Nanshui bought China Merchants Bank for 1.2 billion yuan.
富途资讯 · 03/18/2022 17:55
Xi Jinping: state-to-state relations cannot go so far as to face each other
Powell wants both stable employment and suppressing inflation! Deutsche Bank says you can't have both.
智通财经 · 03/18/2022 22:58
Blackrock iShares: the US inflation rate is expected to break 8%. How to hedge it?
Wind · 03/18/2022 21:59
The Prospect of US stocks | the arrival of the "four Wizards Day"! Xiao Mo: the pullback of technology stocks and other sectors is coming to an end.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....