Expected more IBs will downgrade the EPS forecast for next few yrs and target price..
So far, public bank IB downgraded the target price and earning due to Disney shutdown in Southeast Asia.

EPF could continue to unload the shares and put some pressure on the price.

The company will help create the first information technology park (IT Park) in the republic.
Delegation of the Malaysian company

Representatives of the Malaysian company Serba Dinamik Holding Berhad and the leadership of the National Bank of Tajikistan (NBT) discussed the possibilities of establishing cooperation in the sector of new technologies, the press service of the NBT reported.

Founder and CEO of Serba Dinamik Holding Berhad Mohd Abdul Karim bin Abdullo expressed interest in creating a digital banking and platform for import and export operations between the countries of Central and Southeast Asia.

Подробнее: https://asiaplustj.info/ru/news/tajikistan/economic/20210414/malaziiskaya-kompaniya-namerena-uchastvovat-v-otsifrovke-tadzhikskoi-ekonomiki

English translate version

https://www.nbt.tj/en/news/513386/

Saudi Aramco Restarts Projects To Boost Oil Production Capacity

The world’s largest oil company and biggest oil exporter, Saudi Aramco, has resumed tendering and development work on major offshore oil expansion projects

https://oilprice.com/Energy/Energy-General/Saudi-Aramco-Restarts-Projects-To-Boost-Oil-Production-Capacity.html

Enjoy your good weekend at Genting highland this weekend.
Expected a lot pp not going back home town will go Genting highland for day trip fr KL too.

wait for IB revise target price... IB will sell first before release the latest TP.

EIA data show U.S. crude supply down 10.6 mln bbls last week

https://www.marketwatch.com/story/oil-boosted-by-data-showing-drop-in-us-crude-inventories-2020-07-29

PM Muhyiddin to make announcement at 3pm today on moratorium extension, targeted approach assistance.
Hope for good news at 3 pm today.

https://www.malaymail.com/news/malaysia/2020/07/29/pm-muhyiddin-to-make-announcement-at-3pm-today-on-moratorium-extension-targ/1889113

Seem like Genting Highland still the first choice for local tourist . First world hotel fully booked on this Thursday, Friday and Saturday left Deluxe Room at RM 439.

https://www.agoda.com/en-sg/resorts-world-genting-first-world-hotel/hotel/genting-highlands-my.html?los=1&adults=2&rooms=1&searchrequestid=8af82760-1c3d-4dce-b1bf-3519c73ad413&travellerType=1&tspTypes=&checkin=2020-07-30

First World room sold out on this Thursday, Friday and Saturyday left Deluxe Room at RM 439.
seem like it should be fully booked for this weekend.

https://www.agoda.com/en-sg/resorts-world-genting-first-world-hotel/hotel/genting-highlands-my.html?los=1&adults=2&rooms=1&searchrequestid=8af82760-1c3d-4dce-b1bf-3519c73ad413&travellerType=1&tspTypes=&checkin=2020-07-30

Malaysia’s exports rise 8.8% to RM82.9b in June, recovery from Covid-19 impact seen

https://www.theedgemarkets.com/article/malaysias-exports-rise-88-rm829b-june-recovery-covid19-impact-seen

疫情后的云顶

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

Moderna's Covid-19 vaccine candidate moves into late-stage trial
Moderna Inc said on Monday it had started a late-stage trial to test the effectiveness of its Covid-19 vaccine candidate, the first such study under the Trump administration's program to speed development of measures against the novel coronavirus.

https://www.theedgemarkets.com/article/modernas-covid19-vaccine-candidate-moves-latestage-trial

Technical selling continue for today... hai...

Market capital of Genting group = 52.5% of Genting Singapore shares it owned
Genting Market Cap RM 15 bil = RM 15 bil for 52.5% Genting Singapore which has net cash SGD 3.4 bil

52.5% of Genting Singapore shares = 6.35 bil shares x SGD 0.77 (share price) x 3.07(rate)
= RM 15 bil.

https://www.reuters.com/companies/GENS.SI

Current Genting Group shares only value at 52.5% shares it owned for Genting Singapore.

The rest of the other business can consider Zero.

Gen Plantation - Net cash with last Q net profit RM 91 mil
Power Generation unit - Cash cow generated RM 100 mil profit per quarter.
Gen M - Currently operated at above 50% capacity ,Typically, some 70% to 80% of Resorts World’s visitor arrivals are locals, and there has been pent up demand for domestic tourism

Affin Hwang has the lowest target price for Genting only RM 4.08 among all IBs.
I think Affin IB is not expertise in Gambling... he/she had better experience in Glove...
That why Affin IB can bravely gave topglove price RM 46.40.
Not i said.. Affin said..

Forget Affin in Genting... all in for Topglove.

I think Genting doesn't suit Affin Hwang requirement..
Topglove is better for Affin with target price RM 46.40.

All in for Affin for Topglove with target price RM 46.40..
The highest among all the IB...

Target price for Topglove for Affin on RM 22.40. on 17/7/2020.

Due to huge change within few days (5 days)
Affin had changed the target price for topglove on 21/7/2020.
Target price for Topglove changed to RM 46.40, More than double within few days.

https://klse.i3investor.com/ptservlet.jsp?sa=pts&q=TOPGLOV

Top 3 institutions for GenM and Affin Hwang Asset Management

Vanguard Group Inc still hold 146,065,493 shares sold 2,106,800 till 30 June 2020
BlackRock Fund Advisors still hold 96,777,511 sold 3,312,182 shares till 30 June 2020
Public Mutual Berhad still hold 46,870,047 sold 3,029,737 shares till 30 June 2020

No major activities for Top 3...

Affin Hwang Asset Management Berhad still hold 8,048,900 shares sold 11,276,300 till 30 June 2020

Affin Hwang sold 11 mil GenM shares till 30 June.
Public Mutual Berhad still hold GenM shares well.

Dividend could be reason justify for it to hold even though price drop.

2020 dividend till now 14 cents
2019 dividend 19 cents
2018 dividend 19 cents.

Some investors looking for share price appreciation and some looking for dividend yield instead of share price alone...

Different pp have different strategy, short, mid and long term..

CGS-CIMB IB latest update on genM resort.
Resorts World Genting casinos already back to 50% of normal capacity.

During the first two weeks of July, allowing the IR to increase its available hotel room capacity from 2,000 to 4,000 “to cater to the higher demand.”

Both the mass and VIP gaming segments have shown strength, CGS-CIMB said, with the inability to travel allowing RWG to capture demand from local VIP players.

https://www.asgam.com/index.php/2020/07/22/resorts-world-genting-casinos-already-back-to-50-of-normal-capacity/

Wave of promising study results raise hopes for coronavirus vaccines

Early data from trials of three potential COVID-19 vaccines released on Monday, including a closely-watched candidate from Oxford University, increased confidence that a vaccine can train the immune system

https://www.reuters.com/article/us-health-coronavirus-vaccine/wave-of-promising-study-results-raise-hopes-for-coronavirus-vaccines-idUSKCN24L2EY

Exercise of Warrants - 37,739,700 shares at 0.035.
Exercise of Warrants - 9,186,600 shares at 0.035.

so cheap warrant Exercise price...

Pemex - Sapura's customer delayed payment to contractor till next yr.
Sapura could face more money collection difficulties from its clients this yr, cash flow could be tight for Sapura in this yr.

Cash-strapped Pemex seeks to defer key contractor payments to 2021
https://www.worldoil.com/news/2020/7/7/cash-strapped-pemex-seeks-to-defer-key-contractor-payments-to-2021

Awang still have 99,635,020 pending for sale...

Awang is not selling today, same as like last Friday....

dont know how many shares Awang will sell today.

Long Q to enter casino.. Weekend cuti cuti judi judi di Genting..

https://www.facebook.com/661710337539366/videos/187120129396207/

Public bank IB.

Genting M trading sell at RM 2.
Downgrade Astro target price from RM 1.80 to RM 1.55 with the latest QR report..

Can be a bit realistic and smarter or not PBB IB?

my remiser said once casino open.... worst is over for genting it will go to RM 5

China set to impose new Hong Kong security law, Trump warns of strong U.S. reaction
Hk Market crashed... Asia markets followed.
Trump will take this opportunity to attack china to divert attention in US and create unrest at China.

https://www.reuters.com/article/us-china-parliament-hongkong/china-plans-national-security-laws-for-hong-kong-after-last-years-unrest-sources-idUSKBN22X19C

首季停业两周 云顶 云顶大马惨亏5.5亿

https://www.chinapress.com.my/20200521/%E9%A6%96%E5%AD%A3%E5%81%9C%E4%B8%9A%E4%B8%A4%E5%91%A8-%E4%BA%91%E9%A1%B6-%E4%BA%91%E9%A1%B6%E5%A4%A7%E9%A9%AC%E6%83%A8%E4%BA%8F5-5%E4%BA%BF

PE - 19.558
EPS 0.17 x 4 = 68 cent per share.
Yield = 5.11 %
Normal yield is > 7% for BAT.
I think more room for corrections for current price.
Revenue and Earning both dropped...

Business has been bad, Pos Malaysia says after outrage over crying rider

https://www.freemalaysiatoday.com/category/nation/2020/05/19/business-has-been-bad-pos-malaysia-says-after-outrage-over-crying-rider/

Online petition urging Pos Malaysia to give Raya bonus to its delivery staff garners over 18,000 signatures

https://www.thestar.com.my/tech/tech-news/2020/05/19/online-petition-urging-pos-malaysia-to-give-raya-bonus-to-its-delivery-staff-garners-over-18000-signatures

Please eat more chicken... to save the chicken market...
too much chicken in the market...

http://perak.chinapress.com.my/?p=43893

Friday US market for oil stocks & its result.
XOM share price dropped 7 % - Exxon loses $610 million in the first quarter on write-downs tied to plunging oil
conocophillips share price dropped 7% - ConocoPhillips to sharply cut oil production as low prices hit earnings
Shell share price dropped 10% - Royal Dutch Shell's Dividend Cut Overshadows Better-Than-Expected Q1 2020 Earnings
Hibuscus - How much it can earn at current oil price USD 26.6 (July contract) and its prospect ?

Maybank IB Research has downgraded SAPURA ENERGY BHD to “sell” call from “buy” with a trimmed target price of 4 sen given the challenging outlook ahead in the oil and gas sector.

https://www.thestar.com.my/business/business-news/2020/04/29/sapura-energy-downgraded-to-sell

TA securities Analysis report on LCtitan QR.
LCT said 1QFY20 revenue fell to RM1.46 billion from RM2.17 billion.
Chan said today LCT’s 1QFY20 core net loss of RM218 million underperformed expectations.

"The results were below our previous full-year profit forecast of RM259 million (consensus: RM184 million). The variance was due to lower-than-expected sales volumes and product ASPs. This was exacerbated by large write-downs of inventories to net realisable value,” the analyst said.

As a result, our earnings forecasts are slashed by 118%/28%28% [for FY20, FY21 and FY22 respectively],” Chan said.
It mean expected loss in FY 2020...

https://www.theedgemarkets.com/article/lotte-chemical-titan-gain-crude-oil-price-collapse-%E2%80%94-ta-securities

Target price for Sapura after QR report..
Look like penny stock now.
Right issue raised RM 4 bil last yr and 1 QR loss wiped out all...

30/04/2020 0.06 SELL PUBLIC BANK Price Target News
30/04/2020 0.08 HOLD MIDF Price Target News
30/04/2020 0.05 SELL KENANGA Price Target News
30/04/2020 0.09 HOLD HLG Price Target News
30/04/2020 0.04 SELL AmInvest

The Securities Commission Malaysia (SC) and Bursa Malaysia Bhd have extended the temporary suspension of short selling to June 30, 2020.

https://www.theedgemarkets.com/article/sc-and-bursa-extend-temporary-short-selling-suspension-amid-covid19-volatility

The Securities Commission Malaysia (SC) and Bursa Malaysia Bhd have extended the temporary suspension of short selling to June 30, 2020.

https://www.theedgemarkets.com/article/sc-and-bursa-extend-temporary-short-selling-suspension-amid-covid19-volatility

Directors just exercised around 28 mil ESos shares at 0.595.
They can sell and take profit again...

those bought at lower price could try to unload and take profit before QR to avoid surprise fr the QR result

wait for the this week QR announcement and you will know..

Directory cancelled the ESOS at higher price.
Then start selling their shares to push down the share price to 0.7...
The request for ESOS for 28 mil at RM 0.595

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3039776

Directors exercise the ESOS at lower price recently..
and started to selling shares again..

while the company continue buy back shares at higher price....

check the bursa announcement... u will know the story how director make money from ESOS and selling shares

Directors not interest on the business..
They sold the shares and push down the share price.
Then set the ESOS price lower at 0.59....
They just exercised the ESOS and start to sell again.
Company do buy back to push up share price and Directors continue sell shares....
that how they make money....

Petronas Refinery and Petrochemical confirms contractors’ staff tested positive for Covid-19

https://www.theedgemarkets.com/article/petronas-refinery-and-petrochemical-confirms-contractors-staff-tested-positive-covid19%C2%A0

Mexico very angry with Trump who want to build a wall at the border..
He decide not to participate so that Trump will no claim the credit for the oil cut.
He prefer to let US shale oil die......

Tonight Opec meeting...
Tmr sell on news....

US will not join the cut... Russia and Saudi will decide on the cut.
Russia, Saudi to debate oil output cuts as U.S. resists joining

https://www.reuters.com/article/us-global-oil-opec/russia-saudi-to-debate-oil-output-cuts-as-u-s-resists-joining-idUSKCN21R00R

Too much cheap oil in the market...
Chinese refiners try out cheap, exotic oil from Europe -sources
Saudi oil too expensive now, China switch to other source to tried out.

All oil sellers grab china market with steep discount given...

https://www.reuters.com/article/global-oil-china-imports/rpt-update-3-chinese-refiners-try-out-cheap-exotic-oil-from-europe-sources-idUSL8N2BW07N

Sapure customers slashed budget for 2020.
Petrobras slashed its planned investments for 2020 to US$8.5 billion from US$12 billion

https://oilprice.com/Latest-Energy-News/World-News/Petrobras-Slashes-Oil-Output-Ahead-Of-Global-Production-Meeting.html

ExxonMobil cuts 2020 capex budget by 30% as it works to combat low oil price, weaker demand
The oil giant said capital investments will fall to about $23 billion from a previously announced $33 billion.

https://www.marketwatch.com/story/exxonmobil-cuts-2020-capex-budget-by-30-as-it-works-to-combat-low-oil-price-weaker-demand-2020-04-07

Less projects for Sapura in 2020...