KLSE: ARBB (7181)       ATURMAJU RESOURCES BHD MAIN : Industrial Products
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Ann. Date Date Type Old New Registrar Tel. Fax Email View
18-May-2004 17-May-2004 REGISTERED 18C, JALAN 1/64, OFF JALAN KOLAM AIR/JALAN IPOH, 51200 KUALA LUMPUR TB 8285, LOT 20C, PERDANA SQUARE COMMERCIAL CENTRE, MILE 3 1/2, JALAN APAS, W.D.T. 277, 91000 TAWAU, SABAH 089-913026 089-911304 View Detail
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QuellingBlaster 1100 soon
31/03/2020 2:01 PM
MoneyMaker168 Wooo.........

Unexpected slowly slowly recovered back from -61 to -30.....
31/03/2020 2:03 PM
Elaine Tan seem we not learn the lesson , more will get burn again .
SG drop nearly 8 % recently
31/03/2020 2:05 PM
MoneyMaker168 No wonder recovered back recently

Leading by PBB, HLB, PChem-----
31/03/2020 2:06 PM
RevenueQueenie hi hi everyone......

All recovering as US Dow Futures are recovering.

Malaysians now very free. Can follow Dow Futures so closely.
31/03/2020 2:08 PM
MoneyMaker168 US senator comfirmed positive. White House is going down.
Volume suddenly reduced to 2.8 billion share changed hand....

If compare last week, if this kind of plummeting incident, average share volume about 4 ~ 5 billion changed hand.....

Seem like good sight strong support @ 1220 pt....

next/soon will be a financial crisis and another selldown . every where asking for bailout .
31/03/2020 2:10 PM
Wellington Sky The Federal Reserve just pledged asset purchases with no limit to support markets

The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently in the wake of the coronavirus crisis.

Among the initiatives is a commitment to continue its asset purchasing program “in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy.”

Others include a $300 billion lending program for Main Street businesses and the Term Asset-Backed Loan Facility implemented during the financial crisis.

Markets reacted positively to the moves, cutting most of the losses in stock market futures that had once been “limit down” in overnight trading.

The Fed also said it will purchase agency commercial mortgage-backed securities as part of an expansion in its asset purchases, known in the market as quantitative easing. The move represents an expansion into the commercial sector of real estate for the central bank’s acquisitions.

“We are now in QE infinity, again,” Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in a note.

The measures come on top of programs the central bank announced last week aimed at easing the flow of credit markets and the short-term finding that banks need to operate.

“The coronavirus pandemic is causing tremendous hardship across the United States and around the world. Our nation’s first priority is to care for those afflicted and to limit the further spread of the virus,” the Fed said in a statement. “While great uncertainty remains, it has become clear that our economy will face severe disruptions. Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the disruptions abate.”

Monday’s announcement represents the most aggressive market intervention the Fed has made to date.

Previously, it had announced it would buy $500 billion worth of Treasurys and $200 billion in MBS. The new move represents an open-ended commitment to the QE program.

Oil reverses losses, jumps 4% after Fed promises aggressive asset purchases to support markets

Oil prices reversed losses on Monday, jumping 4% after the Federal Reserve promised aggressive asset purchases to support markets. The move higher comes after U.S. West Texas Intermediate crudeposted its worst week since 1991.

WTI rose 4% to trade at $23.52 per barrel. In a volatile session for the contract, prices were down 6% in early trading.International benchmark Brent crude traded 1% lower at $26.69 per barrel.
31/03/2020 2:14 PM
RevenueQueenie hihi, u r referring to d CORONAVIRUS cases eh ??? No worry IT will pass by After 3 to 5 months
31/03/2020 2:15 PM
MoneyMaker168 Stock futures surge into the green after being ‘limit down’ overnight as Fed announces limitless asset purchases

U.S. stock futures surged on Monday, erasing steep overnight losses after the Federal Reserve unveiled new measures to keep markets working properly. Wall Street awaited Washington lawmakers to agree to an economic stimulus and rescue plan to cushion the blow from the coronavirus outbreak.

As of 8:18 a.m. ET, Dow Jones Industrial Average futures were up more than 400 points, or 2.4%. S&P 500 futures were up by about 2.8%. Nasdaq 100 futures traded 3.5% higher. The SPDR S&P 500 ETF was off by 0.8% in premarket trading.


Engine start again....

Very high chance today closing rebound back above 1300....
31/03/2020 2:18 PM
MoneyMaker168 Today really no harmful push back above 1300....

This week can test few level....




Finally push back above 1300 pt....

Friday (20/03/20) - 1st round push back...

Tuesday (17/03/20) - 2nd round push back...

Tomorrow KLCI retest 1326 level.....

Engine start again....................
31/03/2020 2:19 PM
QuellingBlaster KLCI will be trading at 1900 at year end. 1900. just wait for it
31/03/2020 2:21 PM
Sonnykwaeh xin hwa (5267) must BUy today will up to 48cts around3pm
31/03/2020 2:27 PM
Wellington Sky Dow Surges Most Since 1933 on Stimulus Deal Hopes: Markets Wrap

U.S. stocks had the best day in almost a dozen years as investors rediscovered their appetite for risk with Congress closing in on an unprecedented spending bill to prop up the slumping economy. The dollar halted a 10-day winning streak.

The S&P 500 rebounded from the lowest level since 2016, notching a third straight Tuesday turnaround -- and the biggest one-day gain since October 2008 -- after starting the week with a rout. The Dow Jones Industrial Average rose more than 11% to clock its biggest advance since 1933.

Lawmakers are negotiating the final sticking points in a roughly $2 trillion stimulus bill to help the U.S. economy get through the coronavirus pandemic, and House Speaker Nancy Pelosi said she was hopeful a deal could be reached today.

“U.S. equities are responding to the possibility of this gargantuan fiscal stimulus package and some certainty in the political situation,” Stephen Dover, head of equities at Franklin Templeton, said in a phone interview.

The Stoxx Europe 600 Index also surged, led by health-care and industrial companies, even as data began to show the extent of economic damage to the region from the coronavirus pandemic. Benchmarks across Asia jumped, with Korea’s index soaring almost 9% after the government announced measures to stabilize markets.

The dollar slumped against developed and emerging currencies alike, in a tentative sign of reduced stress after the greenback’s steepest appreciation since the global financial crisis and longest winning streak since 2012. European bonds tracked Treasuries lower.

About $26 trillion has evaporated from equity markets since mid-February, and investors have been left sifting the wreckage and weigh the chances of a lasting rebound. On the one hand, Wall Street has begun to argue that liquidations are nearing an end with real-money investors like pension funds ready to step in, and there are signs of improvement in some of world’s regions that were hardest-hit by the virus. On the other, the number of infections globally continues to accelerate and many of the largest economies are grinding to a halt.

Tuesday’s gain in risk assets follows an unprecedented move by the Federal Reserve to backstop large swaths of the financial system. Still, key gauges of U.S. manufacturing and services in March fell the most on record, suggesting the deep toll the pandemic has already taken.

“Sentiment has improved, but to call it a turning point is too strong a word for now,” said James McCormick, global head of desk strategy at NatWest Markets. “It is more of a tug-of-war. Policy bazooka is in place, but will be fighting against very weak data and still worrying trends on Covid-19 data. We are more neutral on risk assets now.”

Elsewhere, emerging-market stocks jumped alongside their currencies. Gold extended recent a recent surge and industrial metals rallied.
31/03/2020 2:29 PM
MoneyMaker168 DJIA...S&P500......Wild rebound & solid gain by more than 10%...

As I foresee...KLCI today will retest 1326 lvl.....

IF solid stand this level, next level will retest 1354 level.....

KLCI easily surpassed 1325 just 15 min...

See today whether can touch another level...1354.....

If strong support @ 1325 this few days...

No chance to go back 1220 & below............
31/03/2020 2:31 PM
alipay88 White House and Senate strike a deal on coronavirus stimulus bill

~ The White House and Senate leaders reached a deal early Wednesday on a massive $2 trillion coronavirus stimulus bill to combat the economic impact of the outbreak, NBC News reports.

~ Treasury Secretary Steven Mnuchin agreed to enhanced oversight of a $500 billion bailout fund that Democrats had criticized, according to a senior administration official.

~ One of the key issues that had yet to be resolved is the terms of the airline aid and oversight that comes with it, two sources said.

The White House and Senate leaders reached a deal early Wednesday on a massive $2 trillion coronavirus stimulus bill to combat the economic impact of the outbreak, NBC News reports.

On Tuesday, leaders in both parties had said that they were closing in on an agreement. Multiple people familiar with the situation told CNBC that they were still close to a deal, although talks continued as they worked through the text and hashed out final details. Two of the people had cautioned that talks could spill into Wednesday morning.

One of the key issues was the terms of the airline aid and oversight that comes with it, two of the people said. Democrats have pushed for a number of stipulations along with aid to the industry, including longterm bans on stock buybacks, limits on executive compensation, commitments not to furlough workers and board representation.

Meantime, President Donald Trump stressed in a press conference Tuesday that the money the U.S. lends “will be coming back” to it. The airlines have pushed for half of their aid in grants, arguing debt from loans would be too onerous.

One of the sources said there continued to be questions around oversight of the $500 billion fund that Republicans have proposed to support distressed companies. Treasury Secretary Steven Mnuchin has said the Federal Reserve could leverage the loans in the fund to offer up to $4 trillion in financing. The mechanics, though, are still in question, said the source.

Democrats, still angry over the leeway banks got in the 2008 bank bailout, have argued the fund gives the Treasury too much discretion. One option being considered is a weekly check-in with companies borrowing from the fund, the source said.

Still, House Speaker Nancy Pelosi, D-Calif., Senate Minority Leader Chuck Schumer and National Economic Council Director Larry Kudlow all spoke optimistically about the fund Tuesday. They said there are plans to add more oversight to that fund, with the addition of an oversight board and an inspector general.

“It will be completely transparent,” Kudlow said at a coronavirus task force briefing Tuesday at the White House.

Schumer had earlier in the day indicated in a speech on the Senate floor the fund was a key focus for Democrats.

Still, the two parties have worked already worked through a number of disagreements.

For the Democrats, that includes securing more funding for hospitals, and a state and local stimulus fund as part of their “Marshall Plan.” Schumer touted on the Senate floor unemployment insurance on steroids, which promised beneficiaries insurance for four months.

A draft bill from early Tuesday afternoon has had language stipulating a $350 billion fund for small businesses to mitigate layoffs and support payroll.

It also offered cash payments of up to $1,200 for individuals, $2,400 for married couples and $500 per child. Those amounts are reduced if an individual makes more than $75,000 or a couple makes more than $150,000.

President Donald Trump, describing the proposal as a $2 trillion package, said Tuesday that “we are working to pass the biggest and boldest financial relief package in American history.”
31/03/2020 2:32 PM
alipay88 Too Late Now to Hedge Risks, $16 Billion Credit Manager Says

If you didn’t already start hedging against the risk of a deep sell-off in credit markets last month, don’t bother now.

Ville Talasmaki, who helps manage about $16 billion of credit investments for Finnish financial group Sampo Oyj, says the warning signs had been plain for a while.

“There’s not much you can do to hedge yourself against the crisis anymore,” Talasmaki said by phone. “All the wise decisions should have been made in February and before that when you had all the warning signs and red flags waving in front of you.”

With panic setting in as the fallout of the coronavirus spreads, the market appears no longer to be functioning rationally. As a result, good-value corporate bonds have been being dumped indiscriminately, Talasmaki said.

For the risky end of the debt market -- high-yield bonds and leveraged loans -- “it’s brutal out there; overall, the picture is one in which “you’ve thrown out the baby with the bath water,” Talasmaki said.

Now, with historic stimulus packages unveiled by the European Central Bank and the Federal Reserve, there are signs that sentiment is improving. For higher rated credits in particular, the panic appears to have subsided.

“As long as the liquidity backstop by the ECB is credible, then the risk is low for this to become a full-blown risk or a catastrophe in Europe,” Talasmaki said.

The next step as an investor is to be ready to buy when the recovery sets in.

“History has taught us that the first investments after the crisis are the best ones,” Talasmaki said. “Ones where the issuer is forced to pay a higher price, a premium, for accessing the market.”
31/03/2020 2:32 PM
MoneyMaker168 Purposely shy behind 1325 little bit to reserve for tomorrow....

KLCI just closed @ 1324.50...heee heeeee

Tomorrow see you @ 1340....Friday see you @ 1354...........
31/03/2020 2:34 PM
traderstrades Last WEDNESDAY 25MARCH Former Fed Chairman Ben Bernanke sees ‘very sharp’ recession, followed by ‘fairly quick’ rebound

~ Former Federal Reserve Chairman Ben Bernanke expressed optimism about the longer-term picture for the U.S. economy.

~ While the country is in for a “sharp, short” recession,” he sees a “fairly quick rebound” ahead.

~ Bernanke guided the Fed during the financial crisis and accompanying Great Recession.

Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy, predicting in a CNBC interview Wednesday that while the U.S. is facing an acute recession, it shouldn’t last.

“It is possible there’s going to be a very sharp, short, I hope short, recession in the next quarter because everything is shutting down of course,” he said on “Squawk Box.”

“If there’s not too much damage done to the workforce, to the businesses during the shutdown period, however long that may be, then we could see a fairly quick rebound.”

During the financial crisis that exploded in 2008, Bernanke guided the Fed through its efforts to save the economy. He was the first central bank chairman to pull its benchmark interest rate down to near zero, and the Bernanke Fed implemented a slew of programs that have been resurrected to deal with the current crisis.

While he guided the Fed through the financial crisis and accompanying Great Recession and is recognized authority on the Great Depression, he said the current situation bears only minor resemblance to those two periods.

“This is a very different animal from the Great Depression” which he said “came from human problems, monetary and financial shocks. This is has some of the same feel, some of the feel of panic, some of the feel of volatility that you’re talking about. It’s much closer to a major snowstorm or a natural disaster than a classic 1930′s-style depression.”

In fact, he said, the current situation is almost the opposite of the financial crisis, where problems in the banking system infected the broader economy. This time, issues in the broader economy brought on by the coronavirus are infecting the banks.

He stressed the important of getting the coronavirus itself under control so that policy can do its work.

“Nothing is going to work, the Fed is not going help, fiscal policy is not going to help if we don’t get the public health right, if we don’t solve the problem of the virus, of the infection, so making sure that the risk has declined sufficiently before put people back in the line of fire,” Bernanke said.

“So I think the public health is the most important one,” he added. “If we can get that straight, then we know how to get the economy working again. Monetary and fiscal policy can do their thing and we won’t have anything like the extended downturn we saw even, I don’t think, in the Great Recession, much less the Great Depression of the ’30s.”

Earlier Wednesday, St. Louis Fed President James Bullard expressed similar sentimentsabout the economy, telling CNBC he expects a big short-term hit but a strong rebound.

He praised the work being done by Chairman Jerome Powell and the rest of the current Fed.

The Powell Fed has pulled benchmark borrowing rates down to near-zero and implemented a slew of programs aimed at keeping liquidity flowing to the financial system and businesses.

“I think the Fed has been extremely proactive, and Jay Powell and his team have been working really hard and gotten ahead of this and shown they can set up a whole bunch of diverse programs that will help us keep the economy functioning during this shutdown period, so that when the all-clear is sounded, we will have a much better rebound than we otherwise would,” Bernanke said.
31/03/2020 2:36 PM
QuellingBlaster 1500 tomorrow.
31/03/2020 2:38 PM
QuellingBlaster next week 1600
31/03/2020 2:38 PM
QuellingBlaster May will be at 1800
31/03/2020 2:38 PM
QuellingBlaster Just my 2cents lolz
31/03/2020 2:38 PM
MoneyMaker168 wah lao apala QuellingBlaster
31/03/2020 2:40 PM
MoneyMaker168 No more huge selling pressure in the short term period....

See you...KLCI @ 1354...1388...soon...........
31/03/2020 2:40 PM
traderstrades Senate passes $2 trillion coronavirus stimulus package, sending it to the House

~ The Senate passes a $2 trillion economic relief package to respond to the coronavirus pandemic.

~ It now heads to the House, which hopes to approve it by Friday.

~ The legislation, approved as waves of layoffs hit workers and hospitals look for resources, may not be the last action Congress takes to help a reeling economy and health care system.

The Senate passed a historic $2 trillion coronavirus relief package Wednesday night, as it tries to stem the destruction the pandemic has brought to American lives and wallets.

The chamber approved the mammoth bill in a unanimous 96-0 vote after days of furious negotiations, partisan sniping and raised tempers on the Senate floor. The bill now heads to the House, which will push to pass it by voice vote Friday morning as most representatives are out of Washington.

“This is a proud moment for the United States Senate and for the country and we’re going to win this battle in the very near future,” Senate Majority Leader Mitch McConnell, R-Ky., told reporters after the vote.

The 880-page legislation includes direct payments to individuals, stronger unemployment insurance, loans and grants to businesses and more health care resources for hospitals, states and municipalities. It includes requirements that insurance providers cover preventive services for the coronavirus disease COVID-19.

The Senate rushed to pass the sweeping aid bill as data are expected to show a historic spike in unemployment claims after businesses across the country shuttered to try to slow the outbreak’s spread. Some hospitals have started to buckle under a flood of patients, asking for critical supplies such as masks and ventilators.

Coronavirus cases in the U.S. number more than 68,000, while deaths have now topped 1,000, according to data compiled by Johns Hopkins University.

The chamber approved the plan to combat the outbreak as the crisis started to thin its ranks. Sen. Rand Paul, R-Ky., did not vote after testing positive for COVID-19, and neither did GOP Sens. Mitt Romney and Mike Lee of Utah, both in isolation after contact with their colleague. Sen. John Thune, a South Dakota senator and second-ranking Republican, also missed the vote after feeling ill.

While the Senate took precautions Wednesday such as keeping votes open longer to reduce crowding, senators still huddled in groups and chatted.

Speaking before the chamber passed the bill, McConnell said the Senate would not return until April 20. However, he said lawmakers would be “nimble” as the evolving crisis could force further action to boost the American economy or health care system.

“If circumstances require the Senate to return for a vote sooner than April the 20th we will provide at least 24 hours of notice,” he said.

Before passing the bill, the Senate first rejected an amendment proposed by Sen. Ben Sasse, R-Neb., to cap unemployment insurance at a recipient’s previous wages. The bill adds $600 per week to the benefits a recipient would normally get for up to four months. Sasse’s amendment failed in a 48-48 vote.

The senator and three of his GOP colleagues threatened to delay passage of the legislation if they could not get a vote on an amendment. Sen. Bernie Sanders, I-Vt., then suggested he could hold up the bill’s approval if they did not back down from their opposition.

While the snag caused fears the bill would not pass, hitting U.S. stock indexes just before markets closed Wednesday, it ultimately did not stop the Senate from approving the proposal.

In a letter to colleagues Wednesday night, House Majority Leader Steny Hoyer said the chamber will convene at 9 a.m. Friday to consider the legislation. The Maryland Democrat said that “in order to protect the safety” of representatives and staff and “prevent the further spread of COVID-19,” he and House Minority Leader Kevin McCarthy, R-Calif., expect the House will take a voice vote.

“Members who want to come to the House Floor to debate this bill will be able to do so. In addition, we are working to ensure that those who are unable to return to Washington may express their views on this legislation remotely,” he wrote.

House approval would send the package to President Donald Trump’s desk. He has expressed support for the agreement his Treasury Secretary Steven Mnuchin negotiated with Senate Republicans and Democrats.

During a White House coronavirus briefing Wednesday, Trump said he would sign the legislation “immediately” after Congress passes it.
31/03/2020 2:42 PM
traderstrades Bursa Malaysia relaxes margin financing rules to ease forced selling pressure on market

KUALA LUMPUR (March 26): Bursa Malaysia Securities Bhd has announced the temporary relaxation of margin financing rules to ease the pressure of forced selling on the market, amid the virus-driven equity rout.

“Due to uncertainties in the global as well as local market arising from the COVID-19 outbreak, selling pressures have impacted the share prices, resulting in forced selling pressure to many counters and affecting investors, especially those with margin accounts.

"In view of the above, and as part of the market management measures, the exchange will facilitate Participating Organisations (POs) to accord the appropriate flexibilities to their clients and also to manage the POs’ credit risks. The measures are aimed at mitigating the forced selling pressure on the market, as well as safeguarding investors’ interest in respect to those who have pledged their shares for financing," the exchange regulator said in a circular to POs this evening.

These flexibilities may also allow investors to provide other types of collateral for purposes of margin financing, as may be necessary, it said.

To facilitate these measures, it has temporarily modified the relevant provisions of the Rules and Directives of Bursa Malaysia.

In particular, Rule 7.30(12) - which dictates that the PO must liquidate the client’s margin account in the event that the equity in the account falls below 130% of the outstanding balance - has been modified to remove the mandatory liquidation requirement. So, the PO now has the discretion to decide whether to liquidate the margin account or otherwise, in accordance with its credit policy.

As such, the provision in Rule 7.30(14), which states that no further margin financing can be extended following the events stated in the rule above, has been waived for consistency.

Besides that, it is no longer mandatory for a PO to request for additional margin, and to impose haircuts on any collateral and securities purchased and carried in margin accounts upon the occurrence of: i) unusual rapid changes in value of the securities, ii) the non-existence of an active market for the securities, iii) suspension of the securities from trading, or, iv) no possibility of immediate liquidation for the securities.

“A PO will instead have the discretion to decide whether to request such additional margin or impose a haircut, in accordance with its credit policy,” it said. This is a modification to Rule 7.30(19).

The bourse also modified a paragraph which requires the assignment of zero value to all other types of collateral. Instead, a PO must now refer to its credit policy in assigning a value to other types of collateral, including bonds, collective investment schemes, unit trusts, gold and immovable properties.

The waiver and modification of these rulings will take effect tomorrow (March 27) until Sept 30, 2020.

The bourse also took note of the extended Movement Control Order (MCO) and encouraged all POs, which provide counter service to their clients and customers, to limit their respective counter service hours to between 10am to 3pm during business days.
31/03/2020 2:43 PM
alipay88 Last few days special announcement by PM!

KLCI very high chance break 1355 this few day!
31/03/2020 2:45 PM
alipay88 Trump says the US and China are ‘working closely together’ in fight against the coronavirus

China and the U.S. aim to work more closely together in light of the spread of the coronavirus, leaders of both countries said in a phone call Friday Beijing time.

U.S. President Donald Trump said in a tweet that he spoke with his Chinese counterpart Xi Jinping “in great detail” about the COVID-19 pandemic, which has so far killed more than 24,000 people globally.

“China has been through much & has developed a strong understanding of the virus,” Trump said on Twitter. “We are working closely together. Much respect!”

The phone conversation followed a video conference meeting of G-20 leaders during which Xi gave a speech calling for greater international cooperation.

In the call with Trump, Xi said that U.S.-China relations are at a critical juncture, and hoped the U.S. would make substantial action in improving the relationship, according to a Chinese-language state media report translated by CNBC.

“The Chinese side is willing to continue to provide information and experience with the U.S. without reservation,” the report of Xi’s comments said.

The Chinese state media report of the call noted Trump said China’s experience gave him “great inspiration.”
31/03/2020 2:45 PM
alipay88 Yesterday news! JPMorgan Says the Market Rout Is Probably Past Its Worst Now

~ Conditions for market stabilization, revival mostly met: JPM

~ Most risky assets should trade higher in next quarter: Normand

Strategists at JPMorgan Chase & Co. have concluded that most risk assets -- a universe that typically includes stocks and credit -- have seen their low points for the recession that’s gripped economies around the world.

Conditions that JPMorgan had set for market stabilization and revival have largely been met, with recession-like pricing, a reversal in investor positioning and extraordinary fiscal stimulus, strategists led by John Normand wrote in a note Friday. Coronavirus infection rates remain a “wild card,” as they remain high even if they’re “slowing” in the U.S. and Europe.

“Risky markets should remain volatile as long as infection rates create uncertainty about the depth and duration of the Covid recession, but enough has changed fundamentally and technically to justify adding risk selectively,” Normand wrote. “Most risky markets have probably made their lows for this recession, except perhaps oil and some EM currencies beset by debt-sustainability issues.”

Most risk assets should trade higher in the second quarter of the year, Normand said. He recommends that investors average into oversold markets, particularly those where central banks are buying directly. (Averaging into markets entails spreading out the purchases over time rather than diving in in one go.)

Not everyone sees the bottom as necessarily in.

Goldman Sachs Group Inc.’s David Kostin reiterated in a note Friday that he expects the market to turn lower in coming weeks. He cited a checklist for a sustained rally similar to Normand’s -- of slowing viral spread, evidence that fiscal and monetary policy stimulus is working, and a bottoming in investor positioning and flows.

Gavekal Research Ltd.’s Anatole Kaletsky said in a note Monday that it’s too early to buy equities, citing reasons including “surprisingly complacent” investor sentiment and historical data showing bear markets almost never end on a single massive sell-off without retesting the bottom.
31/03/2020 2:46 PM
alipay88 UBS, HSBC Advise Top Clients to Buy Asia Stocks Amid Equity Rout

~ Consider structured products for Singapore bank shares: UBS

~ “We are quite near the bottom in Asian equities”: DBS’s Hou

The rout in Asian equity markets this year has not been for the faint-hearted. Yet, investment experts at private banks say it’s time for clients to indulge in a bit of bargain hunting.

Wealth managers such as UBS Group AG and DBS Group Holdings Ltd. are recommending clients dip their toes in structured products based on regional stocks, while Bank of Singapore Ltd. has upgraded Asia ex-Japan equities. Concerns about the health crisis’ economic repercussions have wiped out $5.5 trillion in Asian stock-market value since Jan. 20 when traders began reacting to virus fears. The region’s benchmark index, which snapped a four-day advance to fall 1.8% as of 11:35 a.m. in Singapore, is set for its worst quarter since 2008, led by energy shares.

While the past week’s rebound has failed to convince most investors that the market has hit a bottom, private banks are not sitting idle. Here’s what investment chiefs are recommending to clients.


“Look for oversold names,” Kelvin Tay, the Asia Pacific chief investment officer for UBS’s wealth-management unit, wrote in a note Wednesday. Historically low valuations for regional stocks excluding Japan are offering opportunities in companies related to online consumption, such as gaming, e-commerce and food delivery, he added. The Swiss bank is also recommending China property shares listed in Hong Kong, Japanese automation and machinery companies and 5G-related firms.

In an interview earlier this month, Tay said investors can consider structured products such as equity-linked notes and reverse convertible notes on Singapore bank stocks for lower “entry points.” “You are talking about banks yielding 6% and a tier-1 capital ratio of about 15% -- you can’t get it anywhere else in the world,” he said.


“We are quite near the bottom in Asian equities,” said Hou Wey Fook, DBS Bank’s chief investment officer, pointing to valuation indicators trading near historical lows, implied volatility levels, and “playbooks from SARS” and the global financial crisis. Within the region’s equities, the Singapore-headquartered bank favors China shares.

Clients have been investing in beaten-down Singapore real estate investment trusts and health-care stocks by purchasing securities or structured products enhancing yields, added Joseph Poon, group head of DBS Private Bank. He said there’s been an up-tick in clients’ trading volume this year.


According to Patrick Ho, HSBC Private Banking’s chief market strategist for North Asia, investors still need to manage the “very weak economic and profit data of the coming weeks and months.” But in the meantime, the private bank is recommending companies with “above average” profitability, strong balance sheets, the ability to pay stable dividends and strong brand presence.

Ho said he has identified such firms in the consumer, technology and telecommunication sectors in Asia as well as China’s real estate.
31/03/2020 2:47 PM
Wellington Sky wow wow wow...suddenly most of the investment bank (JP Morgan, UBS, DBS & HSBC) buy call equity after massive sell down....
31/03/2020 2:49 PM
QuellingBlaster price support and share dumping
31/03/2020 2:50 PM
QuellingBlaster be sceptical
31/03/2020 2:50 PM
RevenueQueenie QuellingBlaster.Be pessimist a bit ,ok?
31/03/2020 2:51 PM
traderstrades February pending home sales jump over 9% annually, ahead of major coronavirus impact

~ Pending home sales, which measure signed contracts on existing homes, rose 2.4% in February compared with January. Sales were up a steep 9.4% annually, according to the National Association of Realtors.

~ “Numbers in the coming weeks will show just how hard the housing market was hit, but I am optimistic that the upcoming stimulus package will lessen the economic damage and we may get a V-shaped robust recovery later in the year,” said Lawrence Yun, NAR’s chief economist.

Homebuyer demand was strengthening markedly just before COVID-19 began its spread across the U.S.

Pending home sales, which measure signed contracts on existing homes, rose a stronger than expected 2.4% in February compared with January. Sales were up a steep 9.4% annually, according to the National Association of Realtors. That is the highest pace in exactly three years.

“February’s pending sales figures show the housing market had been very healthy prior to the coronavirus-induced shutdown,” said Lawrence Yun, NAR’s chief economist. “Numbers in the coming weeks will show just how hard the housing market was hit, but I am optimistic that the upcoming stimulus package will lessen the economic damage and we may get a V-shaped robust recovery later in the year.”

Regionally, pending home sales in the Northeast rose 2.8% for the month and were 5.9% higher than a year ago. In the Midwest, they increased 4.5% monthly and 14.9% annually.

Pending home sales in the South were up just 0.1% monthly, but 7.1% annually. In the West, where home prices are highest, sales grew 4.6% for the month and jumped 10.8% from a year ago.

The spring housing market was set up to be one of the best since the last recession. Closed sales of existing homes in February jumped 7% annually to the highest level since February 2007, according to the National Association of Realtors. Those closings were based on deals made in December and January. Signed contracts to buy newly built homes also soared in February, up 14% annually.

While it is impossible to know exact numbers, one estimate is that home sales this spring will drop 35% annually, according to Capital Economics. The market was already struggling with record low inventory, and now some sellers are de-listing their properties. They either don’t want people touring their homes or don’t wan to sell into a down market.
31/03/2020 2:52 PM
traderstrades China says manufacturing activity expanded in March, topping expectations for a contraction

~ China on Tuesday said the official Purchasing Manager’s Index for March was 52.0, beating expectations for an economy hit by the coronavirus outbreak.

~ Analysts polled by Reuters had expected the official PMI to come in at 45 for the month of March, from a record low of 35.7 a month earlier.

~ China’s manufacturing activity slowed dramatically earlier this year as the government instituted large-scale lockdowns and quarantines to contain the spread of the coronavirus disease, formally known as COVID-19.

China on Tuesday said the official Purchasing Manager’s Index for March was 52.0, beating expectations for an economy hit by the coronavirus outbreak.

Analysts polled by Reuters had expected the official PMI to come in at 45 for the month of March.

In February, the official PMI hit a record low of 35.7.

PMI readings above 50 indicate expansion, while those below that level signal contraction.

Earlier this year, manufacturing activity slowed dramatically in China as the government instituted large-scale lockdowns and quarantines to contain the spread of the coronavirus disease, formally known as COVID-19.

On Monday, China’s Ministry of Industry and Information Technology said that as of March 28, the resumption of work rate for industrial enterprises was 98.6%, and the return of workers stood at 89.9%.

A private PMI survey by Caixin and IHS Markit will be released on Wednesday.

The Caixin/Markit survey features a bigger mix of small- and medium-sized firms. In comparison, the official PMI survey typically polls a large proportion of big businesses and state-owned companies.
31/03/2020 2:53 PM
MoneyMaker168 TODAY KLCI heading to test 1355 level again...Global market lead by China Market due to surpass expectation of PMI....Cantek....................
31/03/2020 2:55 PM
Wellington Sky Hey moneymaker! FOMO ... is the latest pandemic which is spreading like wild fire throughout the globe now !
31/03/2020 2:57 PM
RevenueQueenie White House, Congress Weigh Next Stimulus With Virus Spreading

~ Officials consider aid for mortgage markets, travel industry

~ Pelosi says states and local governments will need more help

The White House and congressional Democrats are preparing for a fourth round of economic stimulus to get the U.S. through its coronavirus outbreak, even while they’re still arguing over the $2 trillion measure President Donald Trump signed Friday.

White House officials have compiled lists of requests from government agencies totaling roughly $600 billion, according to people familiar with the matter. The proposals include more state aid as well as financial assistance for mortage markets and the travel industries.

House Speaker Nancy Pelosi told reporters on Monday that Democrats are “collecting information, taking inventory” on what might be needed in another round of stimulus. She also indicated states and local governments need more federal assistance, and said there could be further direct payments to everyday Americans.

And in an interview with the New York Times published on Monday, she indicated that another possible move was getting rid of the limit on state and local tax deductions, or SALT, that was part of the 2017 tax overhaul and affects California, Pelosi’s home state, and New York.

But a spokesman for Chuck Grassley, an Iowa Republican and chairman of the Senate Finance Committee, dismissed the idea as “a nonstarter.”

“Millionaires don’t need a new tax break as the federal government spends trillions of dollars to fight a pandemic.” said the spokesman, Michael Zona.

The U.S. outbreak isn’t expected to peak for another two weeks, according to projections by the Institute for Health Metrics and Evaluation at the University of Washington, and the president has urged Americans to continue “social distancing” practices that have devastated the economy until May.

Trump said early Monday that he’s considering hazard pay for health care professionals in a subsequent bill. He said Sunday that he’s assigned the Treasury and Labor secretaries to work on restoring a tax break for corporate restaurant spending that was repealed as part of his 2017 tax overhaul. Such a change stands to benefit the president’s company, the Trump Organization, which rents space to restaurants at many of its resort properties.

Many of the priorities Pelosi outlined for a fourth round on Monday were part of an alternative stimulus bill House Democrats proposed last week, but were rejected by Senate leaders in negotiations with Trump’s administration.

Senate Impeachment Trial Of President Trump
Ted CruzPhotographer: Stefani Reynolds/Bloomberg
There’s bipartisan momentum building for another stimulus measure in Congress. Senator Ted Cruz, a Texas Republican, said Monday on Bloomberg Television that “if the crisis continues for substantially longer I have no doubt that the Congress will have to act again.”
31/03/2020 2:59 PM
Wellington Sky Worldwide gov body are pouring unprecedented amount of cash into their economy !

World central banks are willing to reduce cash rates to ZERO !

The Firer is ever willing to sign blank cheque to give to the Americans !

Very Soon,whole world will be infected by FOMO disease !
31/03/2020 3:02 PM
traderstrades Larry Fink says economy will recover from coronavirus, ‘tremendous opportunities’ in markets

~ Larry Fink, CEO of the world’s biggest asset manager BlackRock, told shareholders that the economy will recover from the coronavirus pandemic, and when it does, there will be “tremendous opportunities” to be had.

~ “In my 44 years in finance, I have never experienced anything like this,” FInk said in an annual letter to shareholders, citing the mounting cost of the virus to human life, markets and businesses small and large.

~ “As dramatic as this has been, I do believe that the economy will recover steadily, in part because this situation lacks some of the obstacles to recovery of a typical financial crisis,” Fink said.

Larry Fink, CEO of the world’s biggest asset manager BlackRock, told shareholders that the economy will recover from the coronavirus pandemic, and when it does, there will be “tremendous opportunities” to be had.

“In my 44 years in finance, I have never experienced anything like this,” Fink said in an annual letter to shareholders, citing the mounting toll of the virus to human life, markets and businesses small and large.

“As dramatic as this has been, I do believe that the economy will recover steadily, in part because this situation lacks some of the obstacles to recovery of a typical financial crisis,” Fink said. “Central banks are moving quickly to address problems in credit markets, and governments are now acting aggressively to enact fiscal stimulus.”

Late last week, President Trump signed a historic $2 trillion stimulus bill to cushion the economic blow from the pandemic. The law expands unemployment benefits, sends $1,200 checks to individuals, offers loans to small businesses and includes a $500 billion Fed program to prop up corporations. The move follows a series of actions from the Federal Reserve to stabilize the financial markets that companies and lenders rely on.

“At BlackRock, we take a long-term view of markets, and we take a long-term view in the way we run our company,” he said. “The world will get through this crisis. The economy will recover. And for those investors who keep their eyes not on the shaky ground at our feet, but on the horizon ahead, there are tremendous opportunities to be had in today’s markets.″

BlackRock manages $7.4 trillion for clients around the world and has the industry’s biggest ETF franchise. The furious decline in stock markets this month have created an opportunity for some clients to move more into equities, Fink said. He cautioned that it is “impossible” to know if markets have bottomed and that heavily indebted companies will struggle in the weeks ahead.

“For some clients, the recent sell-off created an attractive opportunity to rebalance into equities,” Fink said. “Indeed, many of our clients – even those who generally have a heavy allocation to fixed income due to their risk profiles – are looking to increase their equity allocation in this market.”

Happy reading guys
31/03/2020 3:05 PM
Mredar whats the undervalue price arbb guys
31/03/2020 3:13 PM
Mredar Arbb seems slow on rebound... A bit jittery... Any proj
31/03/2020 3:18 PM
Mredar Any projection for Arbb within this 6 months...regards to its healh
31/03/2020 3:19 PM
THEREALDEAL Why should investors return in April There are four core reason to this.

Firstly, we have the traditional window-dressing activities, which tends to see some sort of buying interest among fundamentally beaten down stocks. This happens among stocks which are widely held by institutional shareholders and are significantly lower in value than the start of the year and hence some sort of buying momentum could help fund managers to make their year-to-date performance “much better” and reflect the index’s performance.More good news is covid19 is at ending stage.

Second, we are in the midst of the Q1 reporting season , all companies, especially with the December year-end, would report their bottom line numbers in terms of their performance. While Q1 earnings could dictate market’s reaction, i.e. if the reported profits are either above or below estimate, what typically happens at the end of the Q1 period is the change in broking firm’s valuation matrix.

Analysts would roll-over their fair values of the stocks under their coverage based on the coming months earnings expectations, i.e. next year’s full year earnings forecast will now come into play instead of the 2020 performance. This typically lifts market’s perception on value as companies that are valued based on one-year forward earnings are likely to be more attractive than current year’s earnings, on the assumption that growth trajectory is still intact or improving.
Third, as we usher in the year 2020, somewhere between JUN effect will come into the picture as investors will start to nimble and re-adjust their portfolio for next year’s market’s theme as well as re-positioning on stocks where some fund managers could have locked-in their gains based on this year’s individual stock’s performance.

Fourth, although this is not a typical strategy but markets tend to have a positive momentum going into the 2021, which is celebrated as early as Jan next year, and not more than three weeks into the trading cycle of the Gregorian New Year.

Hence, with four positive catalysts helping sentiment, perhaps it’s an opportune time to look at the potential beneficiaries of this momentum.

As far as 2020 is concerned, covid19 is going to passes by. We had very strong winners in 2020 among the IR4.0 companies, DRIVEN BY SENTIMENT AND PROJECT AWARDS. SO WHEN TO BUY ARBB(7181)SHARES? I SAY ITS NOW ! NOW OR NEVER ! THE COMPANY HAS A BRIGHT FUTURE,AND ARBB(7181) IS GOING IN THE RIGHT PATH IR4.0! ARBB(7181)PRICE MAY SHOOT UP ANYTIME SOON!
31/03/2020 6:55 PM
Mredar Seems very positive deliberations.... Rumours recession looming around the corner.... With bz network across the globe seems like having handbrake.... To pick up.and move is emmmmmm need a real push....
31/03/2020 7:56 PM
Mredar Painting a nice pic the path is very positive..new up coming bz expansion arbb... Emmmm hope to be in the pipe line....
31/03/2020 7:58 PM
Mredar Sentiment alone is a bit tough... Reality prevails....
31/03/2020 7:59 PM
Mredar Hope that arbb synergy and bags more project of mass scale...emnn
31/03/2020 8:01 PM
RoboTop ARBB fair price.....

ARBB = 10.0 × 4.0
ARBB = 40c

Now it is trading at only 14.5c
Upside potential is still great.
31/03/2020 8:22 PM

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