TELEKOM MALAYSIA BHD (TLMM:KL) Appointment of TM chairman and CEO decided by PM
Appointment to the posts of Telekom Malaysia Bhd (TM) chairman and CEO is only made on the instruction of the prime minister and there has been no such order so far, said Finance Minister Lim Guan Eng.
Lim said the finance ministry had not received any instruction from Dr Mahathir Mohamad to replace the chairman or CEO of TM.
“The chairman and CEO are appointed by the finance ministry after getting a letter and note from the prime minister himself, and so far there has been no instruction from the prime minister to change.
“So, the TM chairman and CEO are still the same persons,” he told a media conference at the Penang Digital Library here today.
He said this when commenting on a report in The Edge Financial Daily yesterday quoting sources as saying that TM chairman Rosli Man had refused to proceed with the appointment of acting CEO Imri Mokhtar as its CEO, despite the decision of its special shareholder, The Minister of Finance Inc.
Lim hoped that this would clarify the issue on the appointment of the two posts.
“Appointment to these posts is made after getting instructions from the prime minister and not from a second or third source,” he said.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 3.88.
The projected lower bound is: 3.19.
The projected closing price is: 3.54.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 17 white candles and 28 black candles for a net of 11 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 94.4853. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 11 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 74.72. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 6 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 185.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 6 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 6 period(s) ago.
Rex Takasugi – TD Profile
TELEKOM MALAYSIA closed down -0.080 at 3.530. Volume was 327% above average (trending) and Bollinger Bands were 231% wider than normal.
Open High Low Close Volume___
3.570 3.580 3.480 3.530 20,980,700
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 2.96 2.97 2.89
Volatility: 143 71 55
Volume: 20,410,460 5,960,592 6,385,817
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
TELEKOM MALAYSIA is currently 22.0% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume into TLMM.KL (bullish). Our trend forecasting oscillators are currently bullish on TLMM.KL and have had this outlook for the last 2 periods. Our momentum oscillator is currently indicating that TLMM.KL is currently in an overbought condition.
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