https://oilprice.com/Latest-Energy-News/World-News/Indias-Top-Refiner-Declares-Force-Majeure-On-Oil-Imports-From-Saudi-Arabia.html

India Not honouring their Oil purchase Order ( declare Force Majeure )
Where Saudi is going to sell their Oil?

https://news.yahoo.com/early-divisions-congress-weighs-next-214325779.html

Growing numbers of business close by the day, consumer spending is plummeting and millions are losing jobs as much of the country shelters at home, a devil's brew that could be lethal for politicians to ignore before November's presidential and congressional elections......

*****another 2 Trillions Aid packages *******

My hunch, is the current projection of 100K--240K Corona Dead (in USA) is based on a very wrong assumption. The model is based on Italy and Spain (dead-rate). The Greeting Culture of Italian and Spaniard is very different from USA.
Italian and Spaniard greet each other with Hand-shake and some Kiss-kiss on the Cheek( literally
deliver CoronaVirus into your Mouth )
American(male) greet with handshake but at arm length ( any closer you might be mistaken as a Gay)

Trump greeting is the worst, he grab his nuts first, shake your hand and throw saliva at your face
the moment he opens his mouth

https://finance.yahoo.com/news/trump-says-russia-saudi-arabia-231347927.html

First time Saudi + Russian plus Trump is going to meet ( oil future maybe rally tonite )

https://finance.yahoo.com/news/trump-says-russia-saudi-arabia-231347927.html

Saudi / Russian Plus Trump meet

you "Cannot" lock-down for more than a month. There is a trade-off between starving( no money
to Bills) and get infected with Corona ( max. death-rate is 11% Italy (65% over 70yrs)
You will see a very, very Good example in Africa soon + Pakistan + India----Even Ebola at 30%
kill-Rate didn't decimate Africa population

Really Don't worry about whether USA can solve this CoronaVirus problem. For me, 100% can solve-----it is All about Money. ( watch the Nos# of very, very Big USA pharma. Co. are jumping in
to solve supplies (ppe + face mask ) plus Vaccine plus potential Drugs.

Last year i bought One Box of face Mask( those light Blue type) at RM 7.50 / 50 pcs
Yesterday the quote is RM75 / 50pcs------At 1000% profit, American can even shift the Moon by a
few degree.

Velesto is Not selling Oil. Just sub-contract Petronas Job. Oil Up or Down doesn't affect Velesto
profit margin in 2020. Only in 2021 if Oil continue at $30, Petronas might has less Job for Velesto.
However I don't think CoronaVirus problem will Not last that long, bcos the biggest Pharma Co, in USA Johnson & Johnson is testing a Vaccine in September ( when J&J say they got a vaccine, they got a creditable Vaccine---not like others(just shout to get attention )

Hahaha my 83cents arrived this morning....so we should wait for 1.15--1.20

https://finance.yahoo.com/news/u-pension-funds-may-pour-234054571.html

Down side of Stock(Dow) getting smaller---$400Bil pour into Dow by pension Funds

Any agreement will push Velesto to 20--25cents range

https://finance.yahoo.com/news/crude-rises-u-russia-agree-010001397.html

The end of price war between Saudi / Russian is Near.

If Dow stay above 23,000, you got a Bull in a Bear Market ( today dow 22,253 )

hopefully today Up 5 cents

https://finance.yahoo.com/news/u-stimulus-package-biggest-ever-050543281.html

Dow future didn't go down bcos it is expecting another One Trillion in Aid (as attached)

Dow future in Strong Buy-----move-in Or loose It

We should look at Solid Data i.e. Wuhan Lock-down Period----60Days. The screaming now-aday
is mostly on Dead-Rate but according to statistic, Covid-19 just kills 18--20% more people on a
normal Flu-season (in USA)----The major difference is the Speed of infection ( just overwhelmed ICU units )

If Russian and Saudi Cannot Sell Oil into USA, How can they Kill All Shale Co.?? Once CoronaVirus is blown-over Oil consumption in USA will Rise again ( 3---6 months )

From what i gather from my Singapore Diesel agent, Shale Co. in USA is asking members to
prepare Info. on their production cost. Thru. their Oil Association. they are going to Hit Saudi +
Russian with Anti-Dumping Law if Saudi really Ramp-up production on April and Dump Oil to USA-------Really don't care what Trump will Do ( who has vested interest in every thing)....How can Saudi
win this Court case when Saudi openly declared what they intend to Do....

https://oilprice.com/Energy/Energy-General/The-Cheapest-Way-For-Trump-To-Save-US-Oil.html

I am very confident, Trump will initiate a Oil Tariff like above.( He did Hit China will Tariff and refused to remove the tariff even in this hard time bcos He just think about Re-election agenda weapons and really don't care about american sufferings.

Oil below $20 will put 250,000 oil related Jobs in Texas out of Biz. Americans
knew it is within the President power to save these Oil Jobs. (The time frame is November, 2020---president election )
There is No way China Oil consumption will raise enough to push up Oil price bcos the Whole world is in locked down (even India)""""Where to get Export Orders"""""
My China factory are working on Back Orders (not new Order bcos there is None )

Big boys put up large block at 0.120 (pretend as sellers) But Buying is 2X selling at 0.115.....massive collecting

Since all Velesto Rigs are in place / working.....CoronaVirus down time is Not issue for Velesto.
Worst case scenario revenue is 200mil ( same as 3Q2019 ) However Profit is jack-up by 10million
( 40million ) due to Forex Gain. Velesto Contracts are all in $US. At the time where all the contracts
are announced Ringgit is around 4.1-------Today 4.3 ( yesterday 4.4 ) Forex gain is around 10-----
----18mils depending how weak ringgit is taken at 1Q20

Jaks has Volume and "hot" so it should recapture atleast 60% of its value from 1.45--1.50( just one month ago )-----Give or take 1.10---1.15 range ( you should run when Vol. disappeared )

0.75 broken....next stop 0.83

Future 751. Get ready for 10% Dow Rally ( first Bear Market rally )

Dow future Up another 190pt ( to 610 _from this morning 434 Up)

All asia stock market Rally, Tonite Dow will Hit limit-Up And.....the Bear Market Rally will begins

Dsonic makes Cards, computer systems, most likely Got "No projects" for the next One year. Mahathir already used ALL Petronas money( 60% of Budget from Petronas ) Oil is suppose to stay
at $60-65 for Petronas to break-even ( considering it has to finance its on-going projects )

https://www.malaysiakini.com/news/516426

All Shorty Kill by Bursa announcement today. No Trade until 30 April

What FED did yesterday is incredible. It means All small Biz owner can Borrow to pay Salary, Rental. supplies and FED is the "guarantor"

At one end, alot bad news about failed to agree on 4trillion package......but on the other end, Dow
future is climb slowly Up-----to "Strong Buy " as of 12:58PM

Banks are defering Loan payment ( individual and Corporate )for 6 months. You expect they pay Good FD rate to you. KPS is still profitable to pay dividend

https://finance.yahoo.com/news/trump-ultimate-weapon-end-oil-230000532.html

This NOPEC Bill will make Oil jumps to $50 very soon. Oil is a Big Dow Component

https://finance.yahoo.com/news/trump-ultimate-weapon-end-oil-230000532.html

This NOPEC bill will make Oil price fly above $50 very, very soon

USA got unlimited spending Power bcos US$ is De-facto world currency----meaning US Gov can
print Unlimited amount of Money.( of course some where alone our-live time US must balance
their Budget and Buy back whatever they print now....)

Tomolo syndicate Sell, you Buys----ikan bilis loss All the time

Buying more than selling, syndicate Buys when you sell, they push tomolo.

https://finance.yahoo.com/news/virus-aid-bill-includes-3-133834616.html

Malaysian don't have this type of Luxury in Bad times---$3000 aid immediate distribution ( 4 Trillion Aid package------

Monday Dow Future Down will have support for Tuesday Dow Limit Up ( after announcing 4T aid
package )

I also think Bursa will Not require Co., to declare 1Q. results ( to stable the Market )

Trust me, when you have "Force Majeure", you can delay any contract agreement with a Court Order. Even Bank are giving 6 months Extension on loan Repayment. " Apa you mahu "

As i said before, Jaks is a Good Gambling Den (Genting Out), Next week, Up or Down place your Bet

China can easily import One Billion Egg per month ( about half China Chicken population already
Gone bcos of H1NI ( Dec 2019--now )

Dow has plunged 3 times 10% down then 3 times 5% down ( in succession, one after another )----next week i think, up-down will be around 2-3% " Bcos " Trump will signed the One Trillion Rescue Packages on Monday ( last Friday has postponed to Sat(today) afternoon for agreement on Details )

On Chicken Eggs production, A hen can only lay so many eggs on its Life-time. When the time arrived its will be Sold as Old Hen ( old chicken ). When Egg demand falls, less Hen will be raised, so less eggs will be produced ---- egg price will inflate-----Malaysia Market cannot support price,
then ALL extra eggs will be exported to Singapore OR China

Last nite, a Egg producer send me 100 kampong Egg. He said last Call---no more.
I trust, Foods Manufacturers are doing roaring Biz.

I think Dow bottom already forming. Friday drop 900+ is caused by Oil price ( Oil big Dow component ) (wti ---plunging 21.33% bcos Oil Option expirations---no Buyer ) Brent price closed at $27 (on Friday )

There are alot of screaming about lacking in Ventilator, mask, protective Clothings.....in USA.
But I think in 3 weeks time you will likely hear "excess Ventilators" in USA. These Huge manufacturers like Ford, Tesla, Aerus, Brand, Dustless, InterVac----all can produce SIMPLE ventilators at incredible speed and large Volume.( now money no longer problem, all executives
are Queing at whiteHouse looking for Biz )

I saw one very simple Chinese design( very effective and Cheap too). Just Motor , pump, one direction Valve, Oxygen / moisture inlet , regulator and Tubes-----NO sci-fi electronics
Mom-Papa industries also can produce

USA is about to pump--1.4 Trillion into the market in about 2 weeks time. USA will dip into recession (6months) the huge liquidity will cushion max. fall ( i think about ---5% GDP drop max ). China only contracted 20% in 3 months but most factories are running Full Capacity Now (next 3 months tofill back Orders )-----Europe already announced 1.5Trillion ( Not counting another 800Billion from EU emergency rescue plan----next week announcement )

****I hope Pas will Donate 1 million to Tabung Rescue ****

Most Banks with be Hard Hit ( absolutely non-investable until late 2021 ). They are deferring loan, mortgage payments for 6 months or so------" This is first things/ maybe only thing i can do on 30 April----ask accountant to write to All Banks to defer Loan / Interest payment for ONE year

Oil opens at 27.45, higher than yesterday High. A V-shape projection, most likely hit 30 tonite

Expect more UP-SIDE, Vol. breached 70mil

Dow future 587 Up