Buzzing Sector:

Sugar stocks continued their winning run for second straight trading session after the media reported that sugar mills have ramped up production of hand sanitisers to cater its rising demand following the coronavirus outbreak. This could boost revenue of sugar companies.

Malaysia's sugar purchases from India hit record amid diplomatic spat - trad

Global sugar market shortage presents opportunity for MSM
MIDF Research said the anticipated supply tightness of sugar in 2020, which is mainly driven by lower global sugar production, especially from India, has lifted the commodity’s global price.
MIDF Research said the anticipated supply tightness of sugar in 2020, which is mainly driven by lower global sugar production, especially from India, has lifted the commodity’s global price.
By NST Business - February 5, 2020 @ 12:15pm
KUALA LUMPUR: The global sugar market is facing its largest supply shortage in five years, allowing MSM Holdings Bhd to bolster its exports.

MIDF Research said the anticipated supply tightness of sugar in 2020, which is mainly driven by lower global sugar production, especially from India, has lifted the commodity’s global price.

This is evident from the increase in average raw Sugar No.11 Futures (NY11) to above US$13 per pound in the beginning of 2020 as compared to the range of between US$10 and US$12per pound in second half of 2019.

It said currently, the NY11 price is trading at about two-year highs and the market expects prices to stay between US$14 and US$15 per pound until end of the second quarter of 2020.

“Premised on this, we expect MSM’s profit margin to be improving gradually through higher average selling price (ASP) of its refined sugars as white-sugar prices have risen further than raw-sugar prices in the rally,” it said.

MIDF said currently, the group is in the midst of negotiating a new wholesale business model that could fetch a higher pricing for its refined sugars which is expected to have a gain of RM25 million a year.

“We also understand that the Malaysian government has not been issuing any import permit (AP). We view that the current market price of above US$13 per pound would discourage manufacturers to procure directly from abroad.

“Thus, we opine that this phenomenon could increase MSM’s bargaining power in the domestic market where it derives approximately 90 per cent of its revenue through higher pricing and sales volume,” it said.

MIDF said the recovery of the global raw sugar price amidst a global sugar deficit has given the group a breather as both the lower sugar stock levels at key markets and that the current premium white sugar prices have over raw sugar price are expected to bode well with the group.

“As a result, we believe that the group should be able to capitalise on this opportunity to improve its earnings prospects through higher ASP of its refined sugar and sales volume.

“Coupled with no sight of new AP issued to local manufacturers and increasing global raw sugar prices, this could increase the bargaining power of the group to negotiate a better pricing in its home market.

“This is attributable to the economies of scale and operational capabilities of the group that could provide the local manufacturers to obtain refined sugars at lower cost than directly procure from the global raw sugar market at current prices.

“However, we opine that the global raw sugar price would remain stable at this juncture and is highly dependent on the Indian inventory level which is still in surplus from previous two high production season and the relative prices of ethanol in Brazil,” it said.

MIDF has upgraded its recommendation on MSM to “neutral” from previously “sell” with a target price of 81 sen from 70 sen previously.

My Car has not Pump Petrol for past 3 weeks how about yours ?

Its a SELLER Market now Liquidity Rules even Warren knows it ....more downside incoming when Dow hit the CB again next week....better follow the Super RICH sell now and buy lower later ....no longer can hold at these market conditions...then again your money , your call...make sure its a decision you can sleep well with....

Its a SELLER Market now Liquidity Rules even Warren knows it ....more downside incoming when Dow hit the CB again next week....better follow the Super RICH sell now and buy lower later ....no longer can hold at these market conditions...then again your money , your call...make sure its a decision you can sleep well with....

Its a SELLER Market now Liquidity Rules even Warren knows it ....more downside incoming when Dow hit the CB again next week....better follow the Super RICH sell now and buy lower later ....no longer can hold at these market conditions...then again your money , your call...make sure its a decision you can sleep well with....

OPEC meeting will be delayed again and again ....a lot of fake promoters turn sellers next Monday ....

Short kaw kaw at opening ..you think can still take profit on opening ? cut loss more like it

Malaysian palm oil refiners urge Sabah state to revoke an order to shut some plantations, as the prolonged closure would have “dire consequences” for the supply of the world’s most-consumed edible oil.

When palm fruits can’t be harvested, refiners will have no supply of crude palm oil to be made into cooking oil and other baking fats that are essential food products, Jamil Haron, Chairman of the Palm Oil Refiners Association of Malaysia said in a statement Saturday. The lack of crude palm oil supply would also force refineries to shut, leading to layoffs and disruption in supply of edible oil in local market, he added.


Malaysia Palm Giants Warn Shutting Estates Will Worsen Pandemic

The group echoes calls made by palm producers Genting Plantations Bhd. and FGV Holdings Bhd. after Sabah’s state government told estates and mills in six districts to shut through April 14 after some workers tested positive for the coronavirus. The Malaysian state has 1.54 million hectares of oil palm planted area, more than 21 times the size of Singapore.

https://www.bloomberg.com/amp/news/articles/2020-04-04/world-s-top-edible-oil-at-risk-as-malaysian-state-shuts-estates?__twitter_impression=true

https://www.cnbc.com/2020/04/03/warren-buffetts-berkshire-hathaway-sells-part-of-delta-southwest-airline-stakes.html?__source=twitter%7Cmain

Warren Buffett's Berkshire Hathaway sells part of Delta, Southwest airline stakes.
When i saw he bought the 2nd of march 2020... i tought he lost his mind, i mean... you see the virus stoping the world and you go ahead and buy this ? Even an amateur like me knew this was a huge mistake, the 1 month latter he sells at 50% loss.... IT means something really bad

Casino closed , Themepark closed , Sky Avenue Mall closed , Hotels Closed, Cruise closed , Restaurants and shops on top Genm closed, Gen S closed , Gen US closed ......what income can Genm have ? Draining out mega cash reserves to survive .....

remember dun chase BULL TRAP

Markets are Bad getting to Worst ...Globally

why buy now when we can buy lower . market is bad

Operators dumping in progress...KLCI from green to RED now

Bull Trap careful not for the greediessss

Yesterday operator push up 2.20 those ikan billis still kena BULL TRAP ...same operator same pattern today push up 2.10 then same ending ....like yesterday ..just monitor

Buy at own risks ya

Pump and Dump round 2 day 2 ....observed got huge dump from 2.10 ...bull trap

CPO price takes a beating on demand concerns

Indonesian and Malaysian palm oil exports to China plunge

EIA reports weekly U.S. crude supplies up by nearly 14 million barrels
Published: April 1, 2020 at 10:36 a.m. ET

BREAKING: U.S. shale company Whiting Petroleum becomes the first to go down, filling for chapter 11 bankruptcy protection, as #oil prices plunge. Whiting is big in North Dakota's Bakken basin

Vietnam declares Covid-19 a nationwide epidemic

“The assistance depends on how long the Covid-19 crisis will last. Most airlines have cash reserves less than a month to keep their operations, EXCEPT AirAsia Group,” the source said.

Pls read carefully EXCEPT ...meaning

No matter what, you can’t go wrong with lots of cash as there is no clear bottom in sight...dont fall into a BULL trap ! qoute W.BT

No matter what, you can’t go wrong with lots of cash as there is no clear bottom in sight...qoute W.BT

management share buy back logic tak? cash strap AA due to no bailout ? its operator who manipulate the price ...be careful

Coronavirus Cases:
871,985
view by country
Deaths:
43,261
Recovered:
184,482

Prayers goes to those affected

agree with phaker...Genm now skimming ikan bilis for expenses ...the house always wins..even when casino is closed

Brent Crude now 24.99 -1.36 -5.16%...dropping fast

told u its operator pump and dump to dummies ....those bought in high from 0.345 to 0.36 are water fishes keong kan liao

those trap at 2.10to 2.20 keong kan ....told u its operator pump and dump high to dummies

25.63 -0.72 -2.73% ...no fear?

S&P 500 Futures 2,510.62 -59.13 -2.30%
Nasdaq Futures 7,644.38 -141.87 -1.82%
Dow 30 21,917.16 -410.32

S&P 500 Futures 2,510.62 -59.13 -2.30%
Nasdaq Futures 7,644.38 -141.87 -1.82%
Dow 30 21,917.16 -410.32

Dow futures down 400pts now ....another downtrend circuit breakers is inevitable

Brent Oil 25.80 -0.55 -2.09%
Trump failed to stabilized Oil price ...Oil War will happen

Who will Buy when oil price is dropping ......the answer is obvious ...lolzzz

its called Pump and Dump to greedy ikan billis ...more buy more will sell ....later dow drop another circuit breaker u will sell en bloc panic selling not to mentioned margin call ...

New York sees its biggest one-day surge in coronavirus hospitalizations...

Dow futures fall after the index finishes its worst month since October 2008

Wave 2 of tsunami coming ......no positive news yet to spur market

Steady Punpipi ...Expecting Cheap Oil for months soon

Saudi Aramco is expected to cut pricing for its flagship crude to the lowest in at least two decades, escalating a price war with rival suppliers even as the coronavirus throttles global demand

Saudi Aramco is expected to cut pricing for its flagship crude to the lowest in at least two decades, escalating a price war with rival suppliers even as the coronavirus throttles global demand

792,509
Total Confirmed Cases

37,947
Total Deceased

26,868
Total Serious

800000 by tml morning ...1 mil by Friday or sooner

Need to Know
‘Selling fatigue’ has kicked in, but the capitulation and stock-market bottom may be yet to come, UBS says