PRINVST Financial Research Group

PRINVST Financial Research Group Prinvst is an individual financial research group consist of various analyst and traders of all techniques.

We provide research insights as advertisement material. We do not provide a trading signal (B/S) but only market analysis and overall market trend.

Gold spot prices are affected by complex factors such as treasury, money index, and the strength of the USD. Ever since ...
20/07/2022

Gold spot prices are affected by complex factors such as treasury, money index, and the strength of the USD. Ever since Covid-19 happened, the FED reserved is being bloom and washed in approx 1.5 years.

We can see the gold price at end of 2019- mid-2020 ranging from MYR 175-270 then slightly declining in 2021 range at MYR 220+ and now fluctuating at MYR240+
There is a time for the gold spot price to hit high is to have support on AUD/USD on mining activities and EUR/USD start overtaking the mining industry.

Unfortunately, for now, the USD currency keeps rising, that's might be a bubble as nothing solid inside, US has a low reserve while the currency value is hiked, almost equivalence to Euro at 1:1.
So, there is no best time to buy gold but buying at low or buying early is a good choice and that ensures u earn in terms of units of gold, in long run, gold values will be increasingly higher than your buying price. What we had performed for the past few months is we hedge the gold spot exchange from 2,000 to 1900 then 1900 to 1800, and open TP to a lower position while moving SL to 1,799. At the meantime, whatever ever left in a physical manner, will remain in the vault, minus the maintenance fee, the net is still positive.

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Let's see how it performed tomorrow. Date = 26 JUNE 2022Cypark (5184)VWAP = 0.434Traded = 22.14MMarket Cap = 277.35MReve...
26/06/2022

Let's see how it performed tomorrow.
Date = 26 JUNE 2022

Cypark (5184)
VWAP = 0.434
Traded = 22.14M
Market Cap = 277.35M
Revenue = 316.05M
Net Profit = 76.25M
Net Margin = 24.13%
TP = 1.00 MYR (114% to come)

Good momentum and high ADX.

FA (Cypark)
*** Fair value = 1.21 (currently, it is trading below fair value by more than 20% and 61.6% undervalued)
*** It is a good value based on its Price Earnings Growth Ratio at 0.3x
*** The Earnings vs Market = forecast to grow faster at 9.9% per year
*** The Revenue vs Market = forecast to grow faster at 5.2% per year
*** It has 1.51B Assets + 1.25B Liabilities in the long term. (Assets > Liabilities by 1.3B), however, it had high debt.


Recently, there are many comments on the solar power project that triggers this spark hiking of price. However, the solar project earning point is everything had to be your own from supplying, installing and reselling back to TNB or reducing the usage of energy. Last but not least, someone had to come out with long-term support to cover the production & operation expenses.

Something fishy as the Cypark’s trade receivables are not unusually huge. When trade receivables are exceptionally high, there is the possibility of fake invoices, fake sales, and fake profit. Cypark did not perform any of this.

Secondly, Cypark had most of its businesses with TNB. This relationship cannot be false publicly year after year. As we can see, the Cypark share price is not flying in the past few years, thus faking up sales and profit purposes is to ramp up the share price and cash out, otherwise, there is no reason to Goreng.

Based on the above reasoning and solid data analysed, the director had taken action by tripling the holdings to bring the average price to 10% lower than the current price. Everything you need is a good mindset in trading and to have strong confidence in the analysis, as data are never Cong! BTW, if u wanna try on With contra trading or margin trading, feel free to explore the best offer you can get in town >> https://bit.ly/3ymyRyG (it should have entered automatically with my referral code e3f8QFWIIU)

Caution! There is no buy/sell call in this counter, it is just based on speculation. The price will be floating in these few days, and contra is unable to secure profits. However, for a margin/cash account, continue average down or long at your own risk.

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The no 1 enemy is not the pandemic of Coronavirus but the inflation and policymakers in the post-covid recovery. This ye...
19/05/2022

The no 1 enemy is not the pandemic of Coronavirus but the inflation and policymakers in the post-covid recovery. This year, we had a huge commodity raising at the price of oil, natural gas, gold, silver, copper, lumber, and grains.

In April 2022, National inflation (MALAYSIA) had increased 2.2% to 125.6 as against 122.9 in the same month of the preceding year, March 2022. Nevertheless, the increase also surpassed the average inflation in Malaysia for the period 2011 to March 2022 (1.9%). [1]

Based on the report, we can classify the inflation by the main group in ascending order from Food & Non-Alcoholic Beverages, Transport, Restaurant & Hotel, Furnishings, Household Equipment & Routine Household Maintenance, Misc Good & Services, etc.

This is the year we can identify whether the global economy is robust enough to get by with less help from governments and central banks. Also to ensure that inflation is a temporary byproduct of COVID or a more persistent problem.

Policymakers will almost certainly have messed up. Taking account of the labour market, the job vacancies are struggling to fill due to the Rm 1,500 base salary policy in Malaysia. Many are declining to take up work even as wages pick up.

The big winners are happening to be the renounce on U.S households, wealth soared thanks to the booming real estate and stock markets. US accounts had hit 12% of gross domestic product and increased in their bank account as of midyear 2022.

FED and central banks are confident in dismissing the shortage of labour and causing the bottlenecks in the supply chain in this short term pandemic consequence. Money flows to oversea fund and markets at low-interest rates, lower currency strength and high prices in gold. The reversal effect happens today when the interest rate gets higher, USD strength is powered up, investments on all sides are being cash out, and even a forex overnight event can earn 10-30% in 1 day.

After the OPR rate increased, we all knew that the central bank will be withdrawing support from the most country economy. 2022 will be reshaped whether the recovery effect is taken in too little of late.
The helps developed to be pessimistic about the economic fallout from the omicron variant and also to provide the economic side effects from federal stimulus dollars drying up at the same time interest rates are rising.

The effect includes a visible SHORT-LIVED effect on growth. Every successive peak in the effect will have a future diminishing economic cost, it is not logic that everyone had gone better while the economic is fallout.

GDP growth is kinda doubts. This had queries the governments for 2 years after ending the supports from the US. Trilllion dollars is used by FED in the stimulus, many had transformed into real-time cash handouts. By removing the inevitably punches hold of a 3% GDP, under Biden strategy, it managed to pass another 1.75 Trillion USD to build back a better plan. This had , create an economy spread for the next decade and additional 0.5% growth point begin at 2022. [2]

While the Fed tightening is that the ECB and Bank of Japan are committed to manage the rates at bottom at this time. There are many paper cash which is cheap in household, Investment bank, insurance and of course solid gold, etc. This had cause spkie in 10 years US bond, which is reacting to the FED plans dramatically.

Strength of China proved that they are capable to survived and moving in exactly the opposite direction from the FED. This is a big deal, loosening policy to support an economy struggling with the effects of a property market crackdown at the same time the FED is tightening, the PBOC will be making its own declaration of independence from the U.S.

This time we have the worst inflation call in the history of Federal Reserve. To believe it’s going to take more than a few interest-rate increases to kill inflation, it helps to have the view that supply side problems are only partly to blame for higher prices. It’s been more than four decades since the U.S. saw a wage-price spiral. For America’s hourly workers, pay has barely kept up with inflation since the 1980s, let alone helped fuel it, a trend underpinned by globalization, falling union membership, and rising automation. Even so, the sheer level of demand in the second half of 2021 should give pause to anyone who thinks U.S. inflation will go away overnight. The consensus among the economists regularly surveys is that the pandemic may have changed the way we work and shop in an enduring way, but that the basic dynamics of demand and supply will revert to the norm fairly quickly once we neutralize the threat from the virus. Then inflation will start gravitating back toward the Fed’s long-term goal of 2 per cent. If they’re right, policymakers will have managed to steer the U.S. economy to a soft landing and avoid a recession. If they’re wrong, 2023 will be the year we all pay the price. [3]

[1] "Consumer Price Index Malaysia March 2022", DOSM, 2022.
[2] Goldman Sachs Group Inc. chief political economist Alec Phillips
[3] Bloomberg direct merge

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This is advertisement material. PRINVST & the group shall not be held liable to the investors for any damage, direct, indirect, or consequential losses, including profit loss, claims, actions, demands, liabilities suffered by the investors or proceedings and judgments brought or established against the investors and costs, charges and expenses incurred by the investors or for any investment decision that investors have made as a result of relying on the content or information in this advertisement material.

Gold has been a recognized status for the millennia. It reflects the current situation of the financial markets globally...
26/04/2022

Gold has been a recognized status for the millennia. It reflects the current situation of the financial markets globally. It is one of the precious commodities applied in economic capitalism for centuries until the repeal of the Gold standard and the creation of a fiat currency system in which paper money does not imply backing with any physical content towards monetization [1].

AU = Gold on the Periodic table of elements.
It is evaluated in USD. Thus the common yardstick for measuring Gold is denoted as XAU/USD.

Current GOLDSPOT price (XAU/USD) analysis
*** SUPPORT & RESISTANCE
S1 = 1918 [###], R1 = 1959 [xx]
S2 = 1891 [xx], R2 = 2001 [xx]
S3 = 1828 [x], R3 = 2050 [###]

[###] STRONGEST strength

FYI, the Gold declined more about 1.5% to below $1,900 for an ounce on Monday, 25APR2022, closed at its lowest level in 2 months. This due to the FED policy tightening continued to support the USD and US Bond while denting demand for bullion [2].

There was a meeting hosted by IMF last week; the FED chair said there is a 50-basis point, commonly known as 50% increment, on the table for May and committed to "front-end loading" inflation-fighting efforts [3].

The dollar index broke a 2-year new highs record, followed by the benchmark 10-year US yields held near 3-year highs. Meanwhile, many investors, fund managers, and traders have remained cautious about the risk of stagflation and geopolitical uncertainties. The claim was calling for everyone to drive safe towards the demand and support for gold prices.

As discussed throughout my morning's commentary: quant trade had executed multiple SCALPING and closed for short term buy from 1891 to 1899. Micro-Lot Buy Stops strategy is applied over h1, performed on m5 timeframe. The output is convincing. All the entries had TPs or hit our BEs (SL closed).

However, we cannot be denied that the Gold delivered extra decline, which I was talking about. Personally, my formula points out that the SHORT sequence is far from over, and 1915 Support break can extend the decline towards 1900 barrier. The implementation is always

I have closed my Selling order Intra-day ( #1915 - 1900) on a fine 150+ pips, extending my Profits to last buy stops from 1891 - 1899.

Below are the analysis of using

Based on today's GOLDSPOT price analysis, you can see that the OVERALL trend = DOWN, Strength JPY-USD-CAD stay strong, > 5.00 currency strength.

However, the candle is falls in BUY REGION, chances towards LONG is preferred, ref chart [0].

Next, by using the PRINVST basic entry template, we can observe the gap of G-R is still big, FLOATING or SCALP is still possible, but the overall trend is still reflected as BEAR. MACD signal and its components tell the trend of change that will be happened, stay tuned for dy/dx =0. reversal shall happen. For the LONG direction, RSI should aim at 0-30. Signal now floating at 30-70. Gold will take a little float before it bull.

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REFERENCES

[1] "Gold or Bitcoin? The world's top crypto looks soft in the era of hard assets to hedge inflation
", Bloomberg, 20 Apr 2022, retrieved from: https://gulfnews.com/your-money/cryptocurrency/gold-or-bitcoin-the-worlds-top-crypto-looks-soft-in-the-era-of-hard-assets-to-hedge-inflation-1.1650435058383 (accessed on 26 Apr 2022).

[2] "Has the Federal Reserve Lost the Fight Against Inflation?", Bloomberg, 07 Apr 2022, retrieved from: https://www.bloomberg.com/opinion/articles/2022-04-07/has-the-federal-reserve-lost-the-fight-against-inflation (accessed on 26 Apr 2022).

[3] "Powell: '50 Basis Points on the Table at May Meeting'", Mark Kolakowski, 21 Apr 2022, retrieved from: https://www.investopedia.com/powell-50-basis-points-on-the-table-at-may-meeting-5248267 (accessed on 26 Apr 2022).

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This is advertisement material. PRINVST & the group shall not be held liable to the investors for any damage, direct, indirect, or consequential losses, including profit loss, claims, actions, demands, liabilities suffered by the investors or proceedings and judgments brought or established against the investors and costs, charges and expenses incurred by the investors or for any investment decision that investors have made as a result of relying on the content or information in this advertisement material.

It was not surprising that the RUB/USD is actually parallel to the effect of Brent Oil (LCO) and Crude Oil (CL). That al...
10/03/2022

It was not surprising that the RUB/USD is actually parallel to the effect of Brent Oil (LCO) and Crude Oil (CL).

That also implies that Russia's GDP growth and the effect of its economy throughout the revolution processes, wars, political influences, the oligarch and things just get well in Putin's era.

GOLD and INDICES are both keys to the spaces, if you managed to scalp & trade securely. Early morning trading    US30 Tr...
08/03/2022

GOLD and INDICES are both keys to the spaces, if you managed to scalp & trade securely.

Early morning trading

US30 Trading Strategy

to those

For index, it is more volatile due to:
1) Lower Leverage Power, 1:50 (for indices)
2) .x evaluation, fast moving pips change
3) NOT RECOMMENDED FOR SMALL ACC < USD 300 EQUITY (even execute 0.01 trade)

Referring to LRT.S&D analysis, we can strongly identify the R zone and retest min x1 same position as previous short signal.

This time, the candle fulfilled most of the TA requirements.

i) Candle hitted R zone

ii) STOCH (2 lines) at peak (OVERBOUGHT), referring %K (current Value), it combine the parameter of RECENT CLOSING, LOWEST PRICE, HIGHEST PRICE for a period of D-14, in percent.
For 2nd line %D is the SMA of %K

iii) Note that the candle touched BB (HIGH, flavor to opposite direction)

iv) RED line overtake GREEN line MA200 over MA150

v) Combination of Gator, STOCH, OsMA
Gator = detect trend changes in an asset's price. It based on 4 phases: awakening, eating, sated and sleeping.

STOCH = oversold / overbought

OsMA = combination of MACD, Any deployed Oscillator Value − Moving Average Value, This can be a positive or negative number. The OsMA is a useful indicator of trends and trend strength. Values above zero, especially a number of periods above zero, help confirm rising prices. Values below zero, especially a number of periods in a row below zero, help confirm falling prices.

Based on the above analysis, the trend goes BEARISH

Thus, the current setup is
RUNNING SELL (PURPLE) = Keep set BE, move the SL
RUNNING BUY (GREEN) = Test for 100Pips, short term profit, SL = TP = +- 100 pips, the SL can also follow running SELL SL = BE Point

COMING SOON SELL (YELLOW) = if BUY SL is hit and confirmed, this SELL LIMIT is use to kutip chicken.

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This is advertisement material. PRINVST & the group shall not be held liable to the investors for any damage, direct, indirect, or consequential losses, including profit loss, claims, actions, demands, liabilities suffered by the investors or proceedings and judgments brought or established against the investors and costs, charges and expenses incurred by the investors or for any investment decision that investors have made as a result of relying on the content or information in this advertisement material.

The crude oil just broke through the US$90 per barrel level due to limited global supplies followed by winter storms acr...
05/02/2022

The crude oil just broke through the US$90 per barrel level due to limited global supplies followed by winter storms across the US, as well as geopolitical tensions in the eastern EU and the Middle East.

Brent crude rose US$2.16, or 2.4%, to settle at $93.27 a barrel having earlier touched its highest since October 2014 at $93.70 [1]
If we evaluate the price of crude oil had performed +472% to this week since April 2020. This had struck a bullish trend in the energy sector.

The facts had shown the oil rig count has climbed for a total of record 17 months in a row and production is still far from pre-pandemic record highs as many companies are focusing more on recovery, gaining back the cash flow and interests to investors rather than boosting the output.

Oil markets have also gained support from geopolitical risks as the major oil producer Russia has amassed thousands of troops on Ukraine's border, and is accusing the United States and its allies of fanning tensions.

The OPEC+, led by Russia had agreed this week to stick to moderate output increases, with the group already struggling to meet existing targets and despite pressure from top consumers to raise production more quickly.

Future of energy sector (oil)? It will be the DOUBLE of HUAT!

[1] The Star, Saturday 05 Feb 2022

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This is advertisement material. PRINVST & the group shall not be held liable to the investors for any damage, direct, indirect, or consequential losses, including profit loss, claims, actions, demands, liabilities suffered by the investors or proceedings and judgments brought or established against the investors and costs, charges and expenses incurred by the investors or for any investment decision that investors have made as a result of relying on the content or information in this advertisement material.

List of potential 5G Counters [OVERVIEW] after the PM had proposed that our country will roll in huge money in digital i...
28/09/2021

List of potential 5G Counters [OVERVIEW] after the PM had proposed that our country will roll in huge money in digital infrastructure involves investment by the public and private sectors – 12th Malaysia Plan (12MP).

^^ Improve EXISTING 4G Network (aim 100% 4G coverage in populated areas), allocated RM 28 Billion.

^^ Expedite the implementation of 5G nationwide (+RM 15 Billion invested by Private Sector)

*** HIGHLIGHT ***
$$ 100% 4G coverage in populated areas.
$$ Wider 5G coverage.
$$ Speed of mobile broadband more than 100Mbps.
$$100% of households subscribing to the internet.
$$ 9 million premises passed for fixed broadband service.
$$ All students have internet connectivity and access to digital devices.

We provide a list of sectors/companies that had not been analyzed, you can put this on your screener/watchlist for a more detailed private analysis.

::: Disclaimer :::
This is advertisement material. PRINVST & the group shall not be held liable to the investors for any damage, direct, indirect, or consequential losses, including profit loss, claims, actions, demands, liabilities suffered by the investors or proceedings and judgments brought or established against the investors and costs, charges and expenses incurred by the investors or for any investment decision that investors have made as a result of relying on the content or information in this advertisement material.

Many was asking about Recovery Stocks for 2021. FYI, the Recovery Stocks can be divide into two big categories:a) Recove...
19/07/2021

Many was asking about Recovery Stocks for 2021. FYI, the Recovery Stocks can be divide into two big categories:

a) Recovery from Major / Minor Economic Cycles - Recession / Economic Crisis / Financial Crisis / Short-Sell of ETFs / Short-Sell of Gold / Credit Crisis / OPEC Oil Shock / Minerals Shortage / ... etc

b) Recovery from Isolated Event or Triggered Issues - Political effects / Change of Board Directors / Lawsuits / Lost or Abortion of Contracts / Bonus Issue / Right Issue / Private Placement ... etc

For a), it is easy to spot the primary key sector of the overall economy, which is the Financial & Banking Sector when Recession occurred and will be Recovered when the economy is getting better.

It is due to FED / Central Bank will reduce OPR, which results in the bank earning fewer interests from all borrowings such as Mortgage / Personal / ASB / Education / Hire Purchase / Overdraft / Credit Card ... etc. Besides, the bank is also expected a lot of late repayment or BNM will also issue Moratorium / Financial Relief Scheme / Repayment Assistance ... etc

It creates a chain effect to REIT / Real Estate Industries where collateral ties to the bank mortgages, e.g., Premises / Properties / Houses / Business Centre will be evaluated at a lower value during a recession. Another issue is many sales auctions conducted by the bank may not cover the outstanding amount that borrower owes to the bank. So the action that the bank will be taking is to write off or to compel the borrower to cover this shortfall.

The bank will compensate with another type of asset such as Hire Purchase / Credit Card / Personal Loan with no reductions for the interest rate. The cap for the highest chargeable is rated at 15-18% P.A. Since many will repay late, and the bank will still earn money by charging a penalty fee. Moreover, many people will spend future money, which results in a higher outstanding balance with their Credit Card, which also benefits the bank's income by charging interests to the outstanding balance. It will be a compounding effect over time!

Next, another recovering sector is Consumer Goods Stocks, which can be derived into Consumer Staples & Consumer Discretionary.

Consumer Staples are those F&B, household Essentials, and daily needs, eg: Nestle / 7-11 / Aeon / Mr DIY / Ajinomoto / QL manufacturer conglomerate such as BERJAYA FOOD where it consists of KennyRogers / Starbucks / Jollibean ... etc.

Consumer Discretionary is classified as non-essential consumer goods and services to function in society. Type of industry will be clothing, media, jewellery, resorts & travels, etc.

Next, REIT. Retail malls income is not just collect a fixed rental from business tenants. By reviewing in the Turnover Rent, it can be formulate as below:

Base Rent + Service Charges + Promotional Charges + % of Gross Sales = Rental Rates

In other words, the monthly rental rate for mall spaces will depend on monthly profits made from sales, and list of promotions that had been carried out, services offered, and minimum rent agreed by both parties. The management will have access to monthly financial records or can audit invoices and reports. The better the business of an outlet inside a shopping mall, the more the mall manager earns.

Another Spillover effect that can be happens when the economy recover is confirmed. People will starts getting new cars; the effective counters are SOLID, DRBHCOM, CCB, TCHONG, BAUTO .. etc. Uptaking in revenue, profits and EPS is confirmed, which can pump the stocks to true bull with stock price up.

Real Estate sector might have good effect when people start buying properties; the effective counters are SPSETIA, MAHSING, ECOWLD, MATRIX, IOIPG .. etc. This sector will recover after sales slumped during an economic recession. However, for this sector it has another issue on top of overhang or oversupply is affordability. Due to the generation shift, the new generation will not consider owning a house, and they love mobility. Instead, they put their money somewhere to generate a passive income such as investment products and automated monthly generated income rather than owning a fixed asset requiring manual management.

Jobless can get back their job, having more work, more people are being employed. Those who suffer from pay cut reduction will be restored, and many people will start earning more. In addition, luxury products and renovations will have happened, affecting many sectors such as electrical appliances, furniture, kitchen appliances, and jewellery. Infrastructure project may also benefit from the good sign. Constructions related counter are famous with their high debts, late repayment. However, if company are getting big projects which can sustain for next 3-5 years, it should be a good investment.

To pick the good stock for recovery, make sure it had to be this set of criteria:

recovery trend = true;
undervalued = true;
high dividend = true;

This will be a perfect combination of stocks to invest in. However, after a basic FA check, you may need to focus in Intermediate - Advance FA where some companies are laggards in the industry or have small market share where less volume flows into the counter. Understand that, The Day You Plant The Seeds Is Not The Day You Get The Fruits. Always Take Care of Money Management. Knowing when to buy is NEWBIE and Knowing when to sell is MASTER, ALL IN and ALLIN just a different of a space. Something, things may not works as expected.

You can always to decide Short Term Pain (STP) or Long Term Pain (LTP).

STP = Cut + Move On = Lesson Learnt
LTP = Continue Hold (Average Down + Buy Red) = Insist Opinion or Self Familiar Sector

We provide list of sectors that had not been analysed, you can put this on your screener/watchlist for more details private analysis.

::: Disclaimer :::
This is advertisement material. PRINVST & the group shall not be held liable to the investors for any damage, direct, indirect or consequential losses, including profit loss, claims, actions, demands, liabilities suffered by the investors or proceedings and judgements brought or established against the investors and costs, charges and expenses incurred by the investors or for any investment decision that investors have made as a result of relying on the content or information in this advertisement material.

S&P 500 strike a historical new high 4347.46 again in JULY 2021. So what exactly is it? S&P 500 is the abbreviation of S...
02/07/2021

S&P 500 strike a historical new high 4347.46 again in JULY 2021. So what exactly is it? S&P 500 is the abbreviation of Standard and Poor's 500. It is a stock market INDEX that tracks the 500 public-traded domestic companies in the US. So far, it is the best INDEX performance in the stock market.

S&P 500 launched on a small scale in 1923, formerly called the Composite Index, which tracked 90 stocks in 1926 and expanded to 500 in 1957, which Malaysia had achieved its independence. S&P 500 is different than Dow Jones Average, DJIA @ US30. S&P 500 is a computed weight average of stocks constituting the index. As a result, meaning company market capitalizations are adjusted by the number of shares available for public trading.

The S&P 500 uses a market capitalization weighting method, giving a higher percentage allocation to companies with the largest market capitalizations.
{Company Weighting in S&P} = (Company Market Cap) / SUM(Total of all market Caps)
As a result, it formed a float-weighted index.

Some of the top-weighted companies in the index include General Electric Company, Microsoft Corporation, Citigroup Inc., and Exxon Mobil Corporation. Holding companies and real-estate stocks are not eligible for the list.

What is the exciting parts of the S&P 500?
1) it is the market-cap + float-weighted index of 505 large-cap U.S Stocks.
2) It has a trailing of 38.8% in 1 year of total return.
3) There are several good S&P 500 ETF with low fee.
4) The highest liquidity ETF is currently SPY.

There are 4 ETFs Tracking of S&P 500 which can be considered:
A) SPDR PORTFOLIO S&P 500 ETF *** Director's Holding
B) VANGUARD S&P 500 ETF
C) ISHARES CORE S&P 500 ETF
D) SPDR S&P 500 ETF TRUST

Note that index-tracking ETFs follow the performance of the S&P 500 index. Thus, one of the most critical determinants of long-term returns is how much a fund charges in fees.

::: References :::
1. YCharts. "Financial Data." Accessed June 3, 2021.
2. ETFdb.com. "SPLG SPDR Portfolio S&P 500 ETF." Accessed June 3, 2021.
3. ETFdb.com. "Vanguard S&P 500 ETF." Accessed June 3, 2021.
4. ETFdb.com. "iShares Core S&P 500 ETF." Accessed June 3, 2021.
5. ETFdb.com. "SPDR S&P 500 ETF." Accessed June 3, 2021.
6. https://www.investopedia.com
7. https://www.tradingview.com
8. https://finance.yahoo.com/

::: Disclaimer :::
This is advertisement material. PRINVST & the group shall not be held liable to the investors for any damage, direct, indirect or consequential losses, including profit loss, claims, actions, demands, liabilities suffered by the investors or proceedings and judgements brought or established against the investors and costs, charges and expenses incurred by the investors or for any investment decision that investors have made as a result of relying on the content or information in this advertisement material.

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