Tradeview Results Update - Kossan Q1 FY 2021

Kossan results is out. Surprising the market, the QR announcement was brought forward. Indeed, it is an exceptional results no wonder the management is eager to share the results with shareholders.

It is the highest record profit and revenue ever in their history. To put things into perspective, this quarter alone, the revenue exceeded RM 2 billion and stands at more than 50% of last full year results. On top of that, the net profit alone in this quarter is RM 1.04 Billion which almost exceeded full year results of QR 2020. The company cash balance stands at RM 1.25 billion and net cash of RM 800+ million after deducting borrowings.

How do you know if the results is mind blowing? Well, the analysts consensus forKossan FY 2021 net profit is RM 2.5 billion. In 1 quarter alone Kossan already did RM 1.04 billion which is 41% of the full year consensus. To add a cherry to the top, the management generously dished out 12 sens dividend in 1 quarter which translates to a dividend yield of 3.15% at current price of RM 3.80. All in all, as an investor in companies, one cant ask for more in terms of the delivery of earnings and performance by the company.

One more point to note, the average blended ASP of Kossan is not sky high like Supermax or Top Glove. Based on the calculation of their capacity of 28 billion pieces per annum, the average ASP is US 76 per carton. However, I am not sure if the actual capacity is now at 28 Billion or 32 billion. Taking 32 billion capacity, the ASP is USD 67. Taking a range of USD 67 - 76 ASP, Kossan is able to deliver record earnings. I shall leave it to investors to assess for themselves whether this is a strong financial performance or otherwise.

Tradeview Results Update - Kossan Q1 FY 2021

Kossan results is out. Surprising the market, the QR announcement was brought forward. Indeed, it is an exceptional results no wonder the management is eager to share the results with shareholders.

It is the highest record profit and revenue ever in their history. To put things into perspective, this quarter alone, the revenue exceeded RM 2 billion and stands at more than 50% of last full year results. On top of that, the net profit alone in this quarter is RM 1.04 Billion which almost exceeded full year results of QR 2020. The company cash balance stands at RM 1.25 billion and net cash of RM 800+ million after deducting borrowings.

How do you know if the results is mind blowing? Well, the analysts consensus forKossan FY 2021 net profit is RM 2.5 billion. In 1 quarter alone Kossan already did RM 1.04 billion which is 41% of the full year consensus. To add a cherry to the top, the management generously dished out 12 sens dividend in 1 quarter which translates to a dividend yield of 3.15% at current price of RM 3.80. All in all, as an investor in companies, one cant ask for more in terms of the delivery of earnings and performance by the company.

One more point to note, the average blended ASP of Kossan is not sky high like Supermax or Top Glove. Based on the calculation of their capacity of 28 billion pieces per annum, the average ASP is US 76 per carton. However, I am not sure if the actual capacity is now at 28 Billion or 32 billion. Taking 32 billion capacity, the ASP is USD 67. Taking a range of USD 67 - 76 ASP, Kossan is able to deliver record earnings. I shall leave it to investors to assess for themselves whether this is a strong financial performance or otherwise.

Supermax is poised to announce Quarterly PAT of RM1.48 billion next week and send JPM and their bungling Trolls to the moon.

SUPER is on course towards achieving a FYE 2021 - PAT of RM4.5 billion.

Kossan will fly like a bird tomorrow and take the whole Glove sector with it.

A. PAT of RM 1.01 billion for the last quarter (3 months) is jaw dropping.

All that said it's priced in are delusional CLOWNS.

TG, SUPER ,KOSSAN & HARTA are all having lead times of around 200 days. That is if you order today and supplies will be ready in 200 days time.

Now- Uncle Koon says over supply of gloves.

Maybe JPM in their desperate attempt to bring down Gloves stock- hired Uncle Koon- (of all people).

THIS IS DEFINITELY GOING TO BACKFIRE.- TOMORROW.

BNM will give the green light soon as the people are suffering really bad- financially- in this pandemic.

TOP GLOVE's next quarter PAT is projected to hit 5 billion- sufficient to declare a 40 sen dividend and send the SHORTIES and their disgusting TROOL to the moon.

Kossan earnings top RM1b for the first time with latest 1Q results on Covid-19 demand.
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Noting that the global demand for the glove products is forecast to grow between 15% and 20% by the Malaysian Rubber Glove Manufacturers Association (MARGMA), Kossan expects its glove division to continue to perform significantly better in 2021 compared with in 2020.

Citing MARGMA again, Kossan said Malaysia's glove export revenue for 2021 is expected to hit RM38 billion compared with RM35.3 billion as global demand for gloves is predicted to grow to 420 billion pieces in 2021.

Post-pandemic, it said the demand for gloves will continue to undergo structural growth as a result of higher healthcare standards and hygiene awareness in both the medical and non-medical sectors.

The massive resurgence of COVID 19 case worldwide is set to create a massive shortage of Gloves for the next 3-5 years.

Kossan earnings top RM1b for the first time with latest 1Q results on Covid-19 demand.


Noting that the global demand for the glove products is forecast to grow between 15% and 20% by the Malaysian Rubber Glove Manufacturers Association (MARGMA), Kossan expects its glove division to continue to perform significantly better in 2021 compared with in 2020.

Citing MARGMA again, Kossan said Malaysia's glove export revenue for 2021 is expected to hit RM38 billion compared with RM35.3 billion as global demand for gloves is predicted to grow to 420 billion pieces in 2021.

Post-pandemic, it said the demand for gloves will continue to undergo structural growth as a result of higher healthcare standards and hygiene awareness in both the medical and non-medical sectors.


The massive resurgence of COVID 19 case worldwide is set to create a massive shortage of Gloves for the next 3-5 years.

@ omione- Thanks for the comment..

The stock market is all about sentiments. Fundamentals serve only as a safety net. Supermax has excellent fundamentals. Yet its stock price was sold down. But relax. When all the stars align, it will easily hit Rm40 and still dwell well within the fundamentals (albeit, if it isn't bought out by the American before that). In March 2020, Tesla share price was $40. One year later, it shot up to $900 based on nothing more than exuberance. If Supermax were to be trading with exuberance plus fundamental, the market makers would rocket its stock price well above Rm40. The narratives in favor of Supermax are coalescing for the coming rally. Shorting by JP Morgan could be positive. This story will be for another time. Hang on tight.

Soon MR DIY will be doing a PP-Private Placement @ RM 3.80 to raise funds to pay dividends.

SC and Bursa are not doing their job- This is a clear cut rigged/manipulated counter.

The Authorities sleeping as usual.

Mr DIY's top 30 shareholders controlling 70 -95% of the shares - its basically a 'Cornered' stock. The 'institutional 'syndicates are in full control of the share price.

The value was created by the big boys decision to push up the share price with IB 'misleading' report as cohort.

By the way IBs ( if not all IBs) has joined the DIY bandwagon by issuing 20 call warrants to date.

Can any news media and IB report be independent and free? Case in Point Mr DIY.
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https://spartacus-educational.com/USAswintonJ.htm
John Swinton, former Chief of Staff of the most powerful and prestigious newspaper on earth, The New York Times, when asked to give a toast to the "free press" at the New York Press Club stated:

(1) John Swinton, speech in New York City (1880)

There is no such thing, at this stage of the world’s history in America, as an independent press. You know it and I know it. There is not one of you who dare write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinions out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be foolish as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my papers, before twenty-four hours my occupation would be gone. The business of the journalist is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the feet of mammon, and to sell his country and his race for his daily bread.

The above speak 99.999% true for any news media and IB report claimed of “Independent and free press”

For example let’s examine what omission/commission or highlighted/ignored by free and independent media report on MRDIY:

PETALING JAYA: The RM1.5bil initial public offering (IPO) of Main Market-bound MR DIY Group (M) Bhd has been oversubscribed by retail investors as well as Malaysian and foreign institutional funds by 3.91 times.
The home improvement retailer’s IPO involves the offer of up to 941.49 million shares, with institutional investors taking up 779.96 million shares and the remaining 161.53 million shares going to retail investors.

“For the balloting in respect of the applications received from the Malaysian public, a total of 9,244 applications for 133.93 million issue shares with a value of RM214.29mil were received, representing an oversubscription of 0.07 times.

What was NOT highlighted-

Retail investor balloting:

1 retail investor successful applied for 9 million shares (8.40%)
1 retail investor successful applied for 25 million shares (23.34%)

Can a retail investor have so much money to apply for 9 or 25 million shares?

Is The Balloting manipulated by the Promoters?

Mr DIY's top 30 shareholders controlling 70 -95% of the shares - its basically a 'Cornered' stock. The 'institutional 'syndicates are in full control of the share price.

The value was created by the big boys decision to push up the share price with IB 'misleading' report as cohort.

By the way IBs ( if not all IBs) has joined the DIY bandwagon by issuing 20 call warrants to date.

With RM970 mil at stake, DNex won’t waste time turning SilTerra around
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April 20, 2021 14:00 pm

DAGANG Nexchange Bhd (DNex), the information technology and trade facilitation services company that has won the bid for SilTerra Malaysia Sdn Bhd, is confident that it will be able to turn the semiconductor wafer fabrication company around within two years.

The stakes are high for DNex as it will, together with its partner, a fund under the Beijing CGP Investment Co Ltd, invest RM970 million in the venture, in areas including access to technology, capital and markets, as well as building a digital industry ecosystem with SilTerra as its anchor in Malaysia.

Syed Zainal: What gives us more confidence today is we have a partner like CGP.

Interesting article.

https://klse.i3investor.com/blogs/bursainvestments/2021-04-20-story-h1563422809-Supermax_Top_Glove_Hartalega_Kossan_Local_Institutions_Buying_Gloves.jsp

Interesting article.

https://klse.i3investor.com/blogs/bursainvestments/2021-04-20-story-h1563422809-Supermax_Top_Glove_Hartalega_Kossan_Local_Institutions_Buying_Gloves.jsp

Can any news media and IB report be independent and free? Case in Point Mr DIY.
--------------------------------------------------
https://spartacus-educational.com/USAswintonJ.htm
John Swinton, former Chief of Staff of the most powerful and prestigious newspaper on earth, The New York Times, when asked to give a toast to the "free press" at the New York Press Club stated:

(1) John Swinton, speech in New York City (1880)

There is no such thing, at this stage of the world’s history in America, as an independent press. You know it and I know it. There is not one of you who dare write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinions out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be foolish as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my papers, before twenty-four hours my occupation would be gone. The business of the journalist is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the feet of mammon, and to sell his country and his race for his daily bread.

The above speak 99.999% true for any news media and IB report claimed of “Independent and free press”

For example let’s examine what omission/commission or highlighted/ignored by free and independent media report on MRDIY:

PETALING JAYA: The RM1.5bil initial public offering (IPO) of Main Market-bound MR DIY Group (M) Bhd has been oversubscribed by retail investors as well as Malaysian and foreign institutional funds by 3.91 times.
The home improvement retailer’s IPO involves the offer of up to 941.49 million shares, with institutional investors taking up 779.96 million shares and the remaining 161.53 million shares going to retail investors.

“For the balloting in respect of the applications received from the Malaysian public, a total of 9,244 applications for 133.93 million issue shares with a value of RM214.29mil were received, representing an oversubscription of 0.07 times.

What was NOT highlighted-

Retail investor balloting:

1 retail investor successful applied for 9 million shares (8.40%)
1 retail investor successful applied for 25 million shares (23.34%)

Can a retail investor have so much money to apply for 9 or 25 million shares?

Is The Balloting manipulated by the Promoters?

Key insights into weekly flows (12/4-16/4)- CGS-CIMB


 Last week’s flows marked the first weekly net buying by local institution investors in 2021, a positive.

 Local institution investors also emerged as the largest net buyers of equities and the healthcare sector.

 Local institutional investors’ top three net buy stocks last week were Supermax, Top Glove and Hartalega.

Mr DIY Borrowed from Banks to Pay Dividends.
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RM500 million in cash dividend was paid out to shareholders in the last financial year prior to the planned IPO. This dividend payout was partially funded by borrowings. That is a 5% dividend yield on the proposed IPO price of RM1.60.
Near to mid-term dividend payout will definitely not be of similar yield.

IPO prospectus noted a dividend

Possible rotation to healthcare CNBC says


https://www.youtube.com/watch?v=_c3F8kvWtyE

Mr DIY's market cap is more than Genting Malaysia - Really?

GENM - RM 16 billion

MR. DIY- RM 25 billion.

Yes it's true - the Hardware shop is valued more then Genting- mind boggling.

A long list of related parties transactions and conflicts of interest were disclosed in the IPO prospectus.


A key one being, controlling shareholders hold controlling interest in entities for MR D.I.Y. branded retail operations elsewhere including Thailand, Singapore, Indonesia, Philippines, Cambodia, Laos, and more. They have also licensed the use of the brand to third party for retail operations in India.
These overseas operations are not consolidated into the current to-be-listed entity. The current to-be- listed entity only for MR DIY’ Malaysia and Brunei Business.

MDGM’s FY20 core PATAMI of RM349.9m (+6.8% YoY) was above both ours and consensus expectations at 107.6% and 111.0%, respectively.

The positive results surprise was due to better-than-expected SSSG and lower-than-expected effective tax rate. After factoring in slightly higher SSSG, our FY21/22 forecasts are increased by 2.0%/1.5%. Along with the rolling over our valuation year to FY22 (from mid-FY22), our TP rises from RM3.33 to RM3.81 based on an unchanged 40x PE multiple.


What are the omission/commission or highlighted/ignored by IB?

Why using unchanged 40XPE?

What will be the total addressable market in Malaysia and Brunei?

What will be the terminal growth rate?

With only 161.53 million shares going to retail investors is the current shares price CORNERED by the institutional investors?

Among the notable institutional investors in MR DIY’s IPO exercise are BlackRock, JPMorgan Asset Management, Aberdeen Standard, AIA, FIL Investment Management and Pictet Asset Management.

More interesting facts about the Dodgy Mr DIY.

https://klse.i3investor.com/blogs/Sslee_blog/2021-02-26-story-h1541916706-MRDIY_Can_Media_and_IB_report_be_independent_and_free.jsp

A) The total IPO offering is 941,490,000 shares or 15% stake on the enlarged number of shares post IPO, and the breakdown as follows:

753,090,000 existing shares to be sold by existing shareholders to Institutional Investors. Existing shareholders are exiting around 12% of their pre-IPO stake, by offering 753,090,000 existing shares to Institutional Investors.
188,400,000 new shares are issued to mostly Retail Investors (85.7% of the offering), with the IPO proceeds (RM301.4 million) being used to pare down borrowings (RM 276.1 million) and pay for IPO expenses (RM25.3 million).
This IPO is clearly more of an exit event for existing shareholders, than a fund raise for the next phase of growth

(B) 6 months share sale moratorium applicable for the remaining controlling stake held by the founder's family, via Bee Family Limited and:

Hyptis / Creador, remaining 15.2% stake (959,873 shares) post IPO can be sold of the market with the written consent of the Joint Book runners. (otherwise there is a 6 months restriction period post IPO)
Platinum Alphabet / Gan Choon Leng and Tan Gaik Hoon remaining 6.9% stake (433,842 shares) post IPO can be sold of the market with the written consent of the Joint Book runners (otherwise there is a 3 months restriction period post IPO)..

(C) Existing shareholders have paid themselves in favorable manner prior to the IPO.

RM90 million cash spent on purchasing MR D.I.Y. in Brunei, which consist of 4 stores. This was also partially funded by borrowings. This is equivalent to RM25 million per store. Compare that to the IPO pricing of RM14.9 million per store.
RM500 million in cash dividend was paid out to shareholders in the last financial year prior to the planned IPO. This dividend payout was partially funded by borrowings. That is a 5% dividend yield on the proposed IPO price of RM1.60.
Near to mid-term dividend payout will definitely not be of similar yield. IPO prospectus noted a dividend

And there are IBs such as AmInvest giving a TP of Rm4.48

Obvious AmInvest is PAID to give such a ridiculous TP.

Perhaps SC /BURSA should haul up AmInvest for misleading the investing Public.with such poorly presented report.

Fully agree !

Posted by pjseow > Apr 19, 2021 8:04 PM | Report Abuse

What is so good about DIY fundamentally? It was just listed and had a 2 qtr history of financial results. Which. MRDIY business fundamentals are better than supermx? Growth.rate for the past 5 years? Cash.position? Nett Margin, ROE? Future earning. potential? Technological advantages? Workdwide.customer base ? I cant see any of these can beat supermx. DIY is definetely.overpriced . If such a company with these fundamentals can have a PE.of 60 , then.supermx deserved a PE.of 100

Game will be over swiftly for SHORTIES when -

1-EPF decides or request for return of loaned TG shares.

2-SC decides to suspend RSS.

RSS may be viewed as an avenue for foreigners to attack Malaysia's biggest corp-tax payers ie the Glove sector.

Just my 2 cents.

Supermax market price is expected to reach RM7-80 by the 3rd Week of May- thus maintaining its position in the Composite Index.

Yup Mr DIY ( Hardware Shop selling cheap tools from China) is a highly rigged stock by Creator investors by deceiving a large pool of foreign investors who are trapped in this stock.

Mr DIY - PE ratio is 65

Chile has one of the world’s best vaccination rates. Covid is surging there anyway
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PUBLISHED MON, APR 19 2021.-CNBC

KEY POINTS

Chile has endured a sharp uptick in Covid infections in recent weeks, even with its world-renowned vaccine rollout and strict lockdowns in place.

A study published by the University of Chile earlier this month reported that CoronaVac was 56.5% effective two weeks after the second doses were administered in the country. Crucially, however, they also reported that one dose was only 3% effective.

“I cannot stress this enough — for most countries, vaccines are not going to stop this wave of the pandemic,” Carissa Etienne, director of PAHO, said during a weekly press briefing on Wednesday.

https://klse.i3investor.com/blogs/bursainvestments/2021-04-19-story-h1563396765-Nominee_Account_and_Short_Selling_A_Matter_to_Consider.jsp

https://klse.i3investor.com/blogs/bursainvestments/2021-04-19-story-h1563396765-Nominee_Account_and_Short_Selling_A_Matter_to_Consider.jsp

https://klse.i3investor.com/blogs/bursainvestments/2021-04-19-story-h1563396765-Nominee_Account_and_Short_Selling_A_Matter_to_Consider.jsp

https://klse.i3investor.com/blogs/bursainvestments/2021-04-19-story-h1563396765-Nominee_Account_and_Short_Selling_A_Matter_to_Consider.jsp

From the looks of it Rakuten is happily lending TG shares to SHORTIES/JP Morgan. I will not trade under Rakuten trading platform in future as I don't approve of such revolting practice.

Thanks Ben for the article.

Rising Covid-19 cases, slow vaccination efforts could lead to pullback in market — CGS-CIMB

April 19, 2021 10:42 am

CGS-CIMB Research said concerns over the rising number of Covid-19 cases as well as slower vaccination efforts could lead to a pullback in the market.

In a strategy note today, it said the recent increase in Covid-19 cases and the infectivity rate had raised concerns that movement may be restricted in selected areas, and that the interstate travel ban would be prolonged, adding that this could impact the pace of the economic and corporate earnings recovery.

This is a major setback for recovery stocks- particularly Banks, Genting & Air Asia.

@ Dagnarus- you are absolutely correct.!

Not sure if selling into strength is a good strategy since this is just beginning. Would be fine towards the tail end of a run, but at the beginning? That's just a folly

A second moratorium on loans is imminent to help alleviate the financial difficulties of all Malaysians in this difficult times.

As per reliable sources, JPM is willing to pay the highest interest of 8 % to borrow TG shares, indirectly it means investors are holding onto TG shares, and not willing to loan out.

Can we thus conclude it is costlier and more risky to short TG shares.

SHORTIES in deep Shit - as they run out of ammunition to SHORT the BIG 4 esp TopGlove.
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It would be interesting to see how much SHORTIES can borrow during this weekend to initiate further short volume and by how much the bull can defend. New funds from investors are flowing to the Glove sector as the TA charts shows an UPTREND. What has been gathered so far from the market is that, they are running out of shares to borrow.

Imagine if you are a SHORTY and you run out of shares to short and TG still inch higher day by day, that's some huge accumulating loss for SHORTIES. If TG reach Rm7.30 - that's about 420mil loss . This is without taking into account share price from other three namely Super, Kossan & Harta.

It would be really be a surprise if the risk manager(s) allow maximum pain scenario to happen without any hedging at all. And what make matters worst for them is they do not have other derivatives instrument to hedge against their current position. Such as buying long call options or bull vertical spread which are not available in our local market.

Max Pain scenario for SHORTIES on Big 4 gloves should be around -600mil to -800mil. That's when TG 8, Harta 13, Super 8.5, Kossan 5.

If we can see these prices, then they have to cover, which will push gloves ever further.

It all depends how much pain or rather loss the shorties are willing to take.

SHORTIES in deep Shit - as they run out of ammunition to SHORT the BIG 4 esp TopGlove.
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It would be interesting to see how much SHORTIES can borrow during this weekend to initiate further short volume and by how much the bull can defend. New funds from investors are flowing to the Glove sector as the TA charts shows an UPTREND. What has been gathered so far from the market is that, they are running out of shares to borrow.

Imagine if you are a SHORTY and you run out of shares to short and TG still inch higher day by day, that's some huge accumulating loss for SHORTIES. If TG reach Rm7.30 - that's about 420mil loss . This is without taking into account share price from other three namely Super, Kossan & Harta.

It would be really be a surprise if the risk manager(s) allow maximum pain scenario to happen without any hedging at all. And what make matters worst for them is they do not have other derivatives instrument to hedge against their current position. Such as buying long call options or bull vertical spread which are not available in our local market.

Max Pain scenario for SHORTIES on Big 4 gloves should be around -600mil to -800mil. That's when TG 8, Harta 13, Super 8.5, Kossan 5.

If we can see these prices, then they have to cover, which will push gloves ever further.

'Double mutant' variant emerging from India might be more contagious: WHO official

Updated 14:20, 17-Apr-2021

A "double mutant" COVID-19 variant that emerged in India could bring about "increased transmissibility" or even "reduced neutralization" due to the specific mutations that it contains, a World Health Organization (WHO) official said on Friday.

https://news.cgtn.com/news/2021-04-17/-Double-mutant-variant-emerging-from-India-might-be-more-contagious-ZwVjR0ALAc/index.html

Covid-19: In Brazil, young people have become the variant's prime targets

Issued on: 17/04/2021 - 12:16

Brazil's intensive care doctors have seen more and more young patients arriving at their wards in recent months, with one in two under 40 years old. The new, more contagious Brazilian variant, known as P1, seems to be affecting younger people with no pre-existing comorbidities.

More than half the patients in Brazilian intensive care units in March were under 40 years old, according to the Brazilian Association of Resuscitation Physicians. The more contagious Covid-19 variant known as P1 is claiming younger victims every day, many with no prior medical issues.

Between January and March the death toll among those between 30 and 39 jumped 353 percent, according to the latest report from the Covid-19 Observatory. At the headquarters of the Fiocruz medical institute, chief pulmonologist Margareth Dalcolmo, who is coordinating the study on the new variant, says not a day goes by without seeing more alarming numbers. And one key question: Why does the Brazilian variant claim more victims among young people?

Dalcolmo and her colleagues already have some clues. "The profile of seriously ill patients has changed. First, because of the evolution of the pandemic and the lack of lockdown measures, we see more and more young people in the streets. They are the ones who have to go to work and who cannot stand the absence of a social life any longer. So they meet in bars,” she says.

In short, Dalcolmo says, it is not that the new variant prefers young people, but it is the youth who go out and are therefore more exposed.

Stockraider invariably speak thru his rear end and thinks he is brilliant. lol.

Fantastic News for TOP GLOVES- Naysayers will la0sai.

Top Glove MD says it has remediated five forced labour indicators

Author: savemalaysia

SHAH ALAM, April 16 — Top Glove Corporation Bhd is currently in the third stage of the US Customs and Border Protection (US CBP) Withhold Release Order (WRO) modification process.

Managing director Datuk Lee Kim Meow said the company has remediated the remaining five forced labour indicators, pending verification by UK based ethical trade consultant firm, Impactt.

The International Labour Organisation has 11 indicators for best practices.

A YEAR has elapsed and the world is currently facing a resurgence of covid 19, in fact the numbers are registering new highs each day- even with the rollout of vaccines.

What does this say ?

1- Covid 19 will be around for a very long time.

2- Vaccines are not a cure - it does help by reducing the mortality rate. Thank God for this.

3- More deadly and virulent strains from mutations are on the rise and may render existing vaccines ineffective. To survive the virus mutates in to strains that may escape the defence brought about by vaccines.

4- Too much greed in this world especially the rich nations depriving the poor nations affordable vaccines- this will render herd immunity for the world impossible.

5- Premature opening up of economies by most countries and the believe that rollout of vaccines will just ward off the virus. This false sense of security is disturbing.

6- Refusal to adhere to SOPs- particularly in western countries.

JP Morgan and their cohorts just refuse to accept the above and is so determined to destroy Malaysia most valuable sector ie GLOVES. .

It is very sad that they have found willing lenders of shares ie EPF the main betrayer to lend their shares to JPM to forcibly bring down the value of the Big 4. EPF you have blood on your hands and should be brought to justice.

Demand for PPEs especially Gloves will be elevated for a long time. The world is currently facing an acute shortage and is going to persist for a long time- even with new and expanded capacities

As Malaysians, we should all be united and act against these Foreign Manipulators-JPM.

Gov’t must consider a second moratorium for loans
Author: savemalaysia | Publish date: Sun, 18 Apr 2021, 9:01 AM

Not much has changed since the first movement control order (MCO) came into effect in March 2020. In fact, the country is still facing restricted movement and a slew of other restrictions that are affecting workers and businesses in various sectors of the economy, all in a negative way.

Amid the nation’s struggle to get the third wave of the COVID-19 infections under control (and with a fourth wave looming over our heads), it is only a given that people are increasingly wondering about the possibilities of the Government introducing another moratorium on loan repayment.

Gov’t must consider a second moratorium for loans
Author: savemalaysia | Publish date: Sun, 18 Apr 2021, 9:01 AM

Not much has changed since the first movement control order (MCO) came into effect in March 2020. In fact, the country is still facing restricted movement and a slew of other restrictions that are affecting workers and businesses in various sectors of the economy, all in a negative way.

Amid the nation’s struggle to get the third wave of the COVID-19 infections under control (and with a fourth wave looming over our heads), it is only a given that people are increasingly wondering about the possibilities of the Government introducing another moratorium on loan repayment.