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4.93   -0.12 (2.38%)  4.93 - 5.04  2,181,400
1,278 comment(s). Last comment by Juniper at Jan 22, 2021 4:34 PM
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tkl88
8711 posts

Posted by tkl88 > Nov 9, 2020 2:49 PM | Report Abuse

President Biden is favours to world trade !
World economy will start booming from today onwards !
And asian stock markets including KLSE will be in bull market from today onwards !
As at 2.10pm,
Hang Seng : 26,095.46 (+382.49) (+1.49 %)
Shanghai composite: 3,380.38 (+68.23) (+2.06 %)
Nikkei : 24,912.31 (+587.08) (+1.41 %)
Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %)
Korea Kopsi : 2,449.96 (+33.46) (+1.38 %)
Singapore STI : 2,611.34 (+32.66) (+1.27 %)

Huat ah ! Heng ah ! Ong ah !


Juniper
47 posts

Posted by Juniper > Nov 9, 2020 5:05 PM | Report Abuse

What is cooking here? Up 5 days continously.


tkl88
8711 posts

Posted by tkl88 > Nov 9, 2020 10:26 PM | Report Abuse

Wow, oil price spike up like mad !
As at 9.50pm,
Nymex at => $40.67 (+3.53) (+9.50 %)
Brent at => $42.77 (+3.32) (+8.42 %)

Huat ah ! Heng ah ! Ong ah !


tkl88
8711 posts

Posted by tkl88 > Nov 9, 2020 11:37 PM | Report Abuse

Oil Jumps by Most Since June on Covid Vaccine Progress
Alex Longley and Matthew Martin
Mon, November 9, 2020, 9:54 PM GMT+8·2 min
https://finance.yahoo.com/news/oil-climbs-biden-win-spurring-105416567.html

(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.

Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.

Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.

A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”

Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.

The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.

Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.


tkl88
8711 posts

Posted by tkl88 > Nov 10, 2020 12:26 AM | Report Abuse

Walaoeh, Dow Jones spike up to sky high !
As at 12.05am,
Dow Jones at=> 29,425.57 (+1,102.17) (+3.89 %) !

Huat ah ! Heng ah ! Ong ah !


tkl88
8711 posts

Posted by tkl88 > Nov 11, 2020 8:13 AM | Report Abuse

Walaoeh, Dow Jones continue it’s bull run !
Dow Jones closed at=> 29,420.92 (+262.95) (+0.90 %) !

Huat ah ! Heng ah ! Ong ah !


tkl88
8711 posts

Posted by tkl88 > Nov 11, 2020 7:34 PM | Report Abuse

Oil price continue to spike up like mad !
As at 7.02pm,
Nymex=> $42.89 (+1.53) (+3.70 %)
Brent => $45.16 ‪(+1.55) (+3.55 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬


furball
5 posts

Posted by furball > Nov 11, 2020 10:45 PM | Report Abuse

Wonder about the investors here... how big is your portfolio? I am just a newbie.... starting small. Happy to learn from the seasoned investors. Tq in advance for your kind help.


tkl88
8711 posts

Posted by tkl88 > Nov 17, 2020 7:58 AM | Report Abuse

Dow Jones continue to spike up like mad !
Dow Jones closed at=>29,950.44 (+470.63) (+1.60 %)

Huat ah ! Heng ah ! Ong ah !


ABSBOSS
664 posts

Posted by ABSBOSS > Nov 19, 2020 9:08 PM | Report Abuse

Is it maxis employee remanded?


tkl88
8711 posts

Posted by tkl88 > Nov 20, 2020 8:03 AM | Report Abuse

Malaysia in deal with China for Covid-19 vaccine development
PUBLISHED : 18 NOV 2020 AT 19:40
WRITER: REUTERS

https://www.bangkokpost.com/world/2021843/malaysia-in-deal-with-china-for-covid-19-vaccine-development

KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.

Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement.
Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.

Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.

"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.


tkl88
8711 posts

Posted by tkl88 > Nov 20, 2020 8:40 AM | Report Abuse

Khairy: Malaysia to pay RM94mil upfront for vaccine under Covax plan

* NATION
* Thursday, 19 Nov 2020 
10:53 AM MYT By MARTIN CARVALHO, RAHIMY RAHIM and TARRENCE TAN

https://www.thestar.com.my/news/nation/2020/11/19/khairy-malaysia-to-pay-upfront-rm94mil-for-vaccine-under-covax-plan


InsiderShark
100 posts

Posted by InsiderShark > Nov 20, 2020 6:01 PM | Report Abuse

Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:

1. Parliament will be dissolved and a snap election will be called
2. A state of Emergency in the whole country will be declared by YDPA
3. Muhyiddin will resign and YDPA will appoint an interim PM
4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.

Will the market go down? Will it crash? Take profit now or wait?


James
226 posts

Posted by James > Nov 21, 2020 10:23 AM | Report Abuse

https://www.utusan.com.my/ekonomi/2020/11/maxis-cabar-tuntutan-tambahan-rm140j-lhdn/?fbclid=IwAR18oTr_J9zgT1yyQQHGWiHp2RgYAdrmFpgXmlFhdKiFPvR-llmHux11qbs

Hmmm. Maxis also kena.


tkl88
8711 posts

Posted by tkl88 > Nov 25, 2020 7:08 AM | Report Abuse

Wow, oil price continue to spike up like mad !
As at 1.25am,
Nymex=> $44.95 ‪(+1.89) (+4.39 %)‬
Brent=> $47.77 ‪ (+1.73) (+3.76 %)‬


tkl88
8711 posts

Posted by tkl88 > Nov 25, 2020 7:40 AM | Report Abuse

Walaoeh, Dow Jones continue it’s bull run !‬
Dow Jones closed at=> 30,046.24 (+454.97) (+1.54 %) !

Huat ah ! Heng ah ! Ong ah !


tkl88
8711 posts

Posted by tkl88 > Nov 26, 2020 8:40 PM | Report Abuse

Budget 2021 approved by Dewan Rakyat

Ahmad Naqib Idris/theedgemarkets.com
November 26, 2020 15:32 pm +08
https://www.theedgemarkets.com/article/budget-2021-approved-dewan-rakyat


tkl88
8711 posts

Posted by tkl88 > Nov 26, 2020 8:40 PM | Report Abuse

KUALA LUMPUR (Nov 26): After a heated session during Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz’s wrapping-up speech on Budget 2021, the bill was approved at the policy stage.
Towards the end of the session, Dewan Rakyat Speaker Datuk Azhar Azizan Harun asked for a show of hands of those for and against the budget, and decided that there were more Members of Parliament (MPs) who agreed with the budget, although Pokok Sena MP Datuk Mahfuz Omar interjected and motioned for a tally of the votes.
However, this required 15 MPs to support the call for a tally. Only 13 stood up in support of the tally, according to the Speaker.
“There are fewer than 15 people [supporting the call for a tally]. There are more voices [in agreement with the budget]. The bill will see its second reading now,” he said.
The wrap-up by the minister was a heated one as ruling and opposition MPs furiously interjected for clarifications of certain issues, including the expansion of the Employees Provident Fund's (EPF) i-Sinar facility to include those receiving pay cuts due to the Covid-19 pandemic.
Subang MP Wong Chen claimed that the EPF’s inflows amount to no more than RM20 billion per year, and therefore could not cover the total increased allocation of RM70 billion for the i-Sinar facility.
“Where is the EPF going to find the extra RM50 billion? Are they going to sell their shareholdings in listed companies on Bursa Malaysia? If this hits the headlines tomorrow, we will have a big problem,” he said.
However, Tengku Zafrul clarified that the EPF is seeing inflows of RM80 billion per year, adding that the Ministry of Finance (MoF) had looked into the matter.
“I would like to correct the facts. We conducted a detailed analysis of this for over a week. Actually, the inflows are not RM20 billion, RM30 billion or RM40 billion. It is RM80 billion per year,” responded the minister.
Following that, Wong pointed out that withdrawals by contributors, amounting to RM40 billion to RM50 billion per year, had to be taken into account as well — before his microphone was muted by the Speaker.
The session quickly devolved into a shouting match among the MPs, which resulted in intermittent muting of the MPs’ microphones by a visibly irritated Speaker.
“This is embarrassing behaviour. We are debating on the budget and this is how we are behaving? The rakyat are watching all of us here!” he said.
Other points mentioned during Tengku Zafrul's speech included a reduction in allocation for the Special Affairs Department (JASA) to make way for increases in other allocations, although he did not elaborate.
On the various proposals for a further extension of the loan moratorium, he said all who are eligible — whether they are in the B40, M40 or T20 category — will be able to request for various forms of assistance, which also include reducing or rescheduling loan repayments, from their respective banks.


LaserJet
33 posts

Posted by LaserJet > Dec 1, 2020 3:02 AM | Report Abuse

Someone dumped RM28million Maxis stock at 4.50pm....who and why?


speakup
17736 posts

Posted by speakup > Dec 2, 2020 10:59 PM | Report Abuse

EPF dump to raise money for iSinar


fishchu
77 posts

Posted by fishchu > Dec 3, 2020 10:31 PM | Report Abuse

Maxis Bhd has expanded its voice and unified communications (UC) solutions capabilities with the acqui-hire of Malaysian-based UC and voice cloud solutions company Audeonet (M) Sdn Bhd.
The communications service provider said the expanded portfolio is part of its ongoing commitment to build talent capacity and capabilities in sophisticated solutions for its enterprise segment, driven by the increasing need for greater collaboration in business in the new normal.This integration of Audeonet into Maxis follows the successful acqui-hire of Infrastructure Consulting and Managed Services, a Microsoft Gold Partner and cloud solutions company earlier this year.


ThousandWishes
73 posts

Posted by ThousandWishes > Dec 5, 2020 12:39 PM | Report Abuse

Malaysia to muscle in on cable maintenance in its waters
SUBMARINE cable installation and maintenance is an extremely niche industry but several Malaysian companies have craved out a place for themselves.

They include Optic Marine Group and iFACTORS Sdn Bhd.

The larger brother here is Optic Marine, which has four cable ships and two barges capable of working all over the world to lay both power and data cables.

iFACTORS is backed by shareholders with previous experience in the optical fibre submarine cable industry, and has evolved from a telecommunication system integrator to a company providing niche solution in the provision of maintenance and implementation of submarine cable network.

Founded by Datuk Lim Soon Foo in the 1980s, Optic Marine is now fully capable of providing a complete range of services for the submarine cable industry, ranging from installation to scheduled maintenance to emergency repairs.

In an interview, Optic Marine said it has systematically built its assets and expertise over the years with the aim of carving out a larger slice of the pie.

However, it is also of the opinion that the whole of Malaysia must also pull its weight to create what it called a thriving ecosystem of the submarine cable industry.

“For example, in the Phillippines, which practices cabotage, the permit approval times are very short,” said Ronnie Lim, group chief executive officer for the Optic Marine Group.

“In places like Japan, South Korea and other developed countries, cabotage still exists, yet the entire difference is due to the existence of an ecosystem such as cable storage facilities.

“Here, we still have to sail elsewhere to pick up our cable supply before we can carry on with our work,” said Ronnie, who added that his company would like to invest in a cable depot here in order to improve response time and security.

Optic Marine plans to cut down its response time for cable repairs in Malaysian waters by procuring a ship that will be registered in the country.

“With the appropriate ecosystem, response time and costs can be brought down significantly as we support the region as well as the country,” said Ronnie, whose company owns four cable ships and two barges. Its first Malaysian-flagged barge was bought in 2015.

“We invested heavily for our planned growth that began from zero. It took us many years to grow to this stage,” he said, adding that if Malaysia could not rise up to the challenge, then its cable maintenance industry may end up being dominated by “countries wiling to put in the work to create the ecosystem”.

Citing data from the International Cable Protection Committee up to 2018, Optic Marine said many countries were able to create competitive cable maintenance companies within their respective cabotage regimes.

“You can see that the response time (for permitting) in Japan, the Philippines and South Korea are not impacted at all. On our part, we support the optimisation of the domestic shipping licence application process for both Malaysian and foreign players as we believe it will stimulate more competition and spur efficiency.

“This will provide the push for the creation of that ecosystem so that Malaysia can be a hub of the region. You cannot be a hub without having an ecosystem,” said Ronnie.

“If you are not cost-effective, they (telcos) will not take you,” he added.

Currently, Malaysian companies have to compete with Singapore’s Asean Cableship (ACPL), a joint venture of six Asean telecommunications companies incorporated in 1986, and is now one of the strong contenders for repairs and maintenance jobs in South-East Asia and the Indian Ocean. The other players competing in this space are SBSS China, Korean Telecom Submarine, Global Marine Systems, KCS Japan and NTTWEM Japan, with vessels flagged according to the jurisdiction of operation areas.

Yong Fah Choong, project director for the submarine division of Jati Tinggi Holding Sdn Bhd, an infrastructure construction company, said the factors that matter to cable and infrastructure owners lies in the responsiveness of the service provider, on the back of reasonable cost.

“Cable owners want the job to be done quickly and at a fair price,” said Yong, whose company has undertaken turnkey projects for many telcos as well as Tenaga Nasional Bhd as both main and sub-contractors.

“Malaysian cable contractors are on par with foreign crew in terms of competency or vessels when it comes to equipment. Ultimately, it will be all down to speed of delivery and cost when it comes to considering who will get the job.”


BoomBoomChak
78 posts

Posted by BoomBoomChak > Dec 21, 2020 10:54 PM | Report Abuse

https://www.freemalaysiatoday.com/category/bahasa/tempatan/2020/12/21/seperti-air-dan-elektrik-internet-p-pinang-diklasifikasikan-kemudahan-awam/?utm_source=FCM&utm_medium=Push


tkl88
8711 posts

Posted by tkl88 > Dec 26, 2020 8:28 AM | Report Abuse

Next week is the windows dressing, will be the super bull market for KLSE !


tkl88
8711 posts

Posted by tkl88 > Dec 26, 2020 8:28 AM | Report Abuse

Huat ah ! Heng ah ! Ong ah !


Juniper
47 posts

Posted by Juniper > Jan 7, 2021 6:02 PM | Report Abuse

Any news on Maxis? Today went up so much.


bryankumaran
1 post

Posted by bryankumaran > Jan 8, 2021 9:45 AM | Report Abuse

It remain high for now.


Juniper
47 posts

Posted by Juniper > Jan 22, 2021 4:34 PM | Report Abuse

Today the price is below RM5.00. Can buy now?

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