@Najib Zambry....I obey you...

At lease you really did the real homework......

Not like other members here...just listen to others comments....

Just blindly follow without knowing what they are bet in..............

Here really gamblers more than real value investor......................

Aiyahhhh.....1.30 also hamtam kaw kaw lahh....

If you are not gambler & value investor for long term lahhh....

See how long you can tahan lorrr.............

Mabel & Paktua73 are master & sifu here...

All here also follow them...so you can ask them more advise......


kekeke...kekeke..kekeke............




Posted by dickson2u > Apr 22, 2020 5:31 PM | Report Abuse

Hi all,

This is the first time i invest O&G sector.

I bought Dayang @1.25 on weeks ago. just want to look for opinion what is the target price for average my cost?

Wahh....Company selling tobacco...also can sell health care products !!!......

Are you kidding me !!!...............

If can, Malaysia memang always BOLEH............

Aiyo...please lahhh.....Don't simply mislead other members here lahhh...

I assume you are newbie her.....

BAT Malaysia only obtain license for tobacco...not for vaccine lahhh...

Even though I also holding this counter...but be more professional lahhh....

Some more, BAT' US biotech subsidiary has acquired share from Kentucky BioProcessing (KBP) but all independent management lahhh....

Once again...aiyo...please lahhh...Don't simply mislead other members here lahhh...



Posted by williamh > Apr 22, 2020 4:19 PM | Report Abuse

Bat’s KBP unit started to produce vaccine 1.5 million doses per week with the support of us government agencies

Still long long way to go......

So long as moving the range -15% ~ -50% Wm%R....

Then the movement price up & down...up & down......

At the end...moving range is upward lorrr............

Just simply...If you feel undervalue, then buy & keep it lorr...

No need to see up or down so closely....wait until RM 9 then see lorr...

Lai...Lai...Lai...

Slowly slowly lai......

‘This Has Changed Everything’: Saudi Economy Shaken by Oil Crash

(April 21, 2020, 9:12 PM GMT+8 Updated on April 22, 2020, 1:04 AM GMT+8)

The meltdown in oil markets is turning back the economic clock for Saudi Arabia, putting it on track for the deepest contraction in two decades.

Already under lockdown to contain the spread of the coronavirus pandemic, the world’s largest crude exporter is bracing for a second impact from the oil rout and unprecedented production cuts negotiated by OPEC and its allies. Both will slash government revenue, and in turn derail a fragile economic recovery. Brent crude traded at under $19 a barrel on Tuesday -- a quarter of the level Saudi Arabia needs to balance its budget -- leaving officials with limited options to offset economic pain without crippling public finances.

“This has changed everything,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank. “So much of the recent recovery was based on the fact that the oil price had been above $50-$60, providing support to economic activity, and that’s just been decimated.”

The setback presents difficult choices for Crown Prince Mohammed bin Salman. After the last oil price slump, from 2014 to 2016, he announced a major economic transformation plan. While officials have made significant progress -- developing fledging sectors like entertainment and lifting non-oil revenue with taxes and fees -- the economy still hinges on crude. Now the price shock is threatening many of the government’s gains, making it difficult to fund projects and investments when over 60% of revenue this year was meant to come from oil.

Ricardo Hausmann, an economist at Harvard University, compared the situation facing Saudi Arabia to “war being fought on at least two fronts,” according to a recent presentation for Saudi officials, seen by Bloomberg, that outlined the dual hit from the pandemic and the oil crisis.

“Each shock in itself is huge,” Hausmann wrote. “Both at the same time makes things much more complex.”


##https://www.bloomberg.com/news/articles/2020-04-21/-this-has-changed-everything-saudi-economy-shaken-by-oil-crash

Oil ETF Crisis Spreads to Hong Kong as Fund Tumbles 50%

(April 22, 2020, 10:11 AM GMT+8 Updated on April 22, 2020, 1:11 PM GMT+8)

The unprecedented drop in U.S. oil futures is rippling through the world’s exchange-traded fund market, with the latest example in Hong Kong.

The Samsung S&P GSCI Crude Oil ER Futures ETF, which held more than $500 million worth of the derivatives as of April 20, lost half its value in Hong Kong on Wednesday. The 50% slump to HK$1.65 was both the biggest decline and the ETF’s lowest level since trading began in May 2016.

Samsung Asset Management (Hong Kong) Ltd, which manages the fund, said in a Tuesday exchange filing that the fund will sell its entire holdings of June oil contracts and buy September contracts. It also warned that in a “worst case scenario,” the net asset value of the fund may drop to zero and investors may suffer “a total loss” of their investments.

“There is a big tracking error after the ETF switches from tracking June futures to September futures,” said Castor Pang, head of research at Core Pacific-Yamaichi International Hong Kong. “The value of the ETF evaporates by more than half because of the plunge in oil futures.”

In the U.S., the United States Oil Fund, the biggest ETF tracking crude prices, took a series of unusual actions after losing a third of its value in two days. It had to suspend the issuance of new shares, an action that could leave it untethered from prices it’s supposed to track.

ETFs are being rattled because of a quirk in the main U.S. oil benchmark, West Texas Intermediate futures, which requires anyone holding contracts after they expire to be able to take delivery of crude in the oil hub of Cushing, Oklahoma.

Storage tanks there could be completely full by May because of unprecedented lockdown measures to slow the spread of the coronavirus, which have decimated fuel demand. With fewer people able to buy crude and store it, liquidity in near-term contracts could dry up and create squeezes like Monday, when U.S. futures fell to as low as minus $40 a barrel. So ETFs are spreading their exposure into further-out contracts.


##https://www.bloomberg.com/news/articles/2020-04-22/oil-etf-crisis-spreads-to-hong-kong-as-futures-fund-tumbles-45?srnd=premium-asia

Brent oil further dropped by 12.62%.... 

Now @ $16.89 (-$2.44).....Very high possibility will break below $10 soon this few days..... 

##https://www.bloomberg.com/energy

Brent oil further dropped by 12.62%.... 

Now @ $16.89 (-$2.44).....Very high possibility will break below $10 soon this few days..... 

##https://www.bloomberg.com/energy

Brent oil further dropped by 12.62%....

Now @ $16.89 (-$2.44).....Very high possibility will break below $10 soon this few days.....

##https://www.bloomberg.com/energy

Brent oil further dropped by 12.62%....

Now @ $16.89 (-$2.44).....Very high possibility will break below $10 soon this few days.....

##https://www.bloomberg.com/energy

Too sad...I though today can easily break below 2.00.........

Long waiting liao............................................

Forgot to tell the truth...Now this counter is "Orang Tua" counter...

Not favour fast & furious.....If not "Orang Tua" can't tahan sakit jantung................

Aiyo...of course lousy lahhh....Not gambling stock mahhh.....

So you want fast fast....MSM...Dayang...Comfort now fast & furious...

kekeke...kekeke....

June oil futures contract drops more than 40% as crude continues unprecedented sell-off

(PUBLISHED MON, APR 20 20206:10 PM EDTUPDATED MOMENTS AGO0

~ The West Texas Intermediate contract for May delivery moved into positive territory on Tuesday, one day after falling below zero for the first time in history.

~ Tuesday is the last day of trading for the contract, which has fueled the contract’s wild price action.

~ The June contract is more actively traded and therefore a better indication of where traders believe oil is headed. It fell 43.37% on Tuesday to settle at $11.57 per barrel, after closing above the $20 mark on Monday.

~ Amid unprecedented demand loss from the coronavirus pandemic, storage is quickly filling up, meaning there will soon be nowhere to store crude.


##https://www.cnbc.com/2020/04/20/june-oil-futures-rebound-3percent-but-may-contract-is-still-trading-at-negative-price.html

US Oil Fund drops 25% after changing structure again as popular ETF tries to stave off collapse

(PUBLISHED TUE, APR 21 20209:33 AM EDTUPDATED MOMENTS AGO)

~ The Untied States Oil Fund dropped 25% on Tuesday as managers made multiple changes to the fund’s structure in an effort to stave off additional losses.

~ The fund, which trades under the ticker USO and which is popular with retail investors, seeks to track the price of oil.

~ One change is that the fund will now invest in multiple futures contracts, rather than focusing on the contract for the nearest month.


##https://www.cnbc.com/2020/04/21/usos-benchmark-is-the-near-month-crude-oil-futures-contract-traded-on-the-nymex-if-the-near-month-futures-contract-is-within-two-weeks-of-expiration-the-benchmark-will-be-the-next-month-contract-to-ex.html

The oil industry shakeout is just beginning with more production cuts and bankruptcies ahead 

(PUBLISHED TUE, APR 21 20204:01 PM EDTUPDATED 15 MIN AGO) 

~ U.S. oil companies are already paring back spending and closing wells, but wild trading in the futures market was a warning to curb production now because the world at some point will not be able to store any more supply, 

~ Refineries have already cut fuel production by 25% and could have to do more, as fuel demand has skidded. 

~ It will be survival of the fittest in the oil patch, with fewer and bigger companies left after a shakeout and consolidation. 

~ “There are a whole lot of companies that are going to fail, disappear,” said one analyst. 


##https://www.cnbc.com/2020/04/21/the-oil-industry-shakeout-is-just-beginning-with-more-production-cuts-and-bankruptcies-ahead.html

The oil industry shakeout is just beginning with more production cuts and bankruptcies ahead 

(PUBLISHED TUE, APR 21 20204:01 PM EDTUPDATED 15 MIN AGO) 

~ U.S. oil companies are already paring back spending and closing wells, but wild trading in the futures market was a warning to curb production now because the world at some point will not be able to store any more supply, 

~ Refineries have already cut fuel production by 25% and could have to do more, as fuel demand has skidded. 

~ It will be survival of the fittest in the oil patch, with fewer and bigger companies left after a shakeout and consolidation. 

~ “There are a whole lot of companies that are going to fail, disappear,” said one analyst. 


##https://www.cnbc.com/2020/04/21/the-oil-industry-shakeout-is-just-beginning-with-more-production-cuts-and-bankruptcies-ahead.html

The oil industry shakeout is just beginning with more production cuts and bankruptcies ahead

(PUBLISHED TUE, APR 21 20204:01 PM EDTUPDATED 15 MIN AGO)

~ U.S. oil companies are already paring back spending and closing wells, but wild trading in the futures market was a warning to curb production now because the world at some point will not be able to store any more supply,

~ Refineries have already cut fuel production by 25% and could have to do more, as fuel demand has skidded.

~ It will be survival of the fittest in the oil patch, with fewer and bigger companies left after a shakeout and consolidation.

~ “There are a whole lot of companies that are going to fail, disappear,” said one analyst.


##https://www.cnbc.com/2020/04/21/the-oil-industry-shakeout-is-just-beginning-with-more-production-cuts-and-bankruptcies-ahead.html

The oil industry shakeout is just beginning with more production cuts and bankruptcies ahead

(PUBLISHED TUE, APR 21 20204:01 PM EDTUPDATED 15 MIN AGO)

~ U.S. oil companies are already paring back spending and closing wells, but wild trading in the futures market was a warning to curb production now because the world at some point will not be able to store any more supply,

~ Refineries have already cut fuel production by 25% and could have to do more, as fuel demand has skidded.

~ It will be survival of the fittest in the oil patch, with fewer and bigger companies left after a shakeout and consolidation.

~ “There are a whole lot of companies that are going to fail, disappear,” said one analyst.


##https://www.cnbc.com/2020/04/21/the-oil-industry-shakeout-is-just-beginning-with-more-production-cuts-and-bankruptcies-ahead.html

Well prepare for Global Credit Rating Agencies to downgrade Malaysia outlook since oil price tragedy plummeted......


If downgraded then more & more foreign funds will move out from Malaysia.....at the end more selling pressure on stocks market...

So income from oil expected to erase billions billion & some more government need more stimulus package to curb the current unprecedented health crisis 

Last 2 week, Fitch had given negative outlook for Malaysia 



##https://www.fitchratings.com/research/sovereigns/fitch-revises-malaysia-outlook-to-negative-affirms-at-a-09-04-2020



Fitch Revises Malaysia's Outlook to Negative; Affirms at 'A-' 

Thu 09 Apr, 2020 - 7:14 AM ET 

Fitch Ratings - Hong Kong - 09 Apr 2020: Fitch Ratings has revised its Outlook on Malaysia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and has affirmed the rating at 'A-'.

Oil continues unprecedented sell-off: June futures drop 20%, May contract still has a negative price

PUBLISHED MON, APR 20 20206:10 PM EDTUPDATED MOMENTS AGO

~ The West Texas Intermediate contract for May delivery still traded with a negative price on Tuesday, one day after falling below zero for the first time in history. 

~ Today is the last day of trading for the contract, which has fueled the contract’s wild price action.

~ The June contract is more actively traded and therefore a better indication of where traders believe oil is headed. It was 20% lower at $16.24, after closing above the $20 mark on Monday.

~ Amid unprecedented demand loss from the coronavirus pandemic, storage is quickly filling up, meaning there will soon be nowhere to store crude.


##https://www.cnbc.com/2020/04/20/june-oil-futures-rebound-3percent-but-may-contract-is-still-trading-at-negative-price.html

Dow futures point to 500-point drop at the open as historic sell-off in oil continues

PUBLISHED MON, APR 20 20206:08 PM EDTUPDATED 7 MIN AGO

Stock futures pointed to big losses for a second day on Tuesday as oil prices continued their unprecedented wipeout.

Futures on the Dow Jones Industrial Average dropped more than 450 points and indicated a loss at the open of more than 500 points. S&P 500 futures lost 1.5%. Nasdaq futures also pointed to a lower open.


##https://www.cnbc.com/2020/04/20/stock-market-futures-open-to-close-news.html

Coca-Cola says demand in April has been weakened by coronavirus pandemic, volume off 25% so far this month

(PUBLISHED TUE, APR 21 20205:51 AM EDTUPDATED MOMENTS AGO)

~ Coca-Cola will report its first-quarter earnings before the bell Tuesday.

~ The global beverage company withdrew its 2020 outlook in March.

~ In late February, the global beverage giant forecast that the virus will hit its first-quarter earnings by 1 cent to 2 cents.


##https://www.cnbc.com/2020/04/21/coca-cola-ko-earnings-q1-2020.html

Brent Crude Oil big dropped again by 20% ++...

Now cheapest @ $ 20.73 (-$5.30)......KLCI drop further again tomorrow...

US DJIA future -400++ pt again......

Brent Crude Oil big dropped again by 20% ++...

Now cheapest @ $ 20.73 (-$5.30)......Big sell off tomorrow again...

Brent Crude Oil big dropped again by 20% ++...

Now cheapest @ $ 20.73 (-$5.30)......Big sell off tomorrow again...

Brent Crude Oil big dropped again by 20% ++...

Now cheapest @ $ 20.73 (-$5.30)......Big sell off tomorrow again...

Brent Crude Oil big dropped again by 20% ++...

Now cheapest @ $ 20.73 (-$5.30)......Big sell off tomorrow again...

Brent Crude Oil big dropped again by 20% ++...

Now cheapest @ $ 20.73 (-$5.30)......Big sell off tomorrow again...

World’s Biggest Oil Storage Firm Says Almost All Space Sold

April 21, 2020, 3:44 PM GMT+8Updated on April 21, 2020, 5:44 PM GMT+8


The world’s biggest independent oil storage company said that space for traders to store crude and refined fuels has all but run out as a result of the fast-expanding glut that Covid-19 has created.

“The available capacity on the oil side is almost completely sold out for our terminals,” Gerard Paulides, the chief financial officer of Rotterdam-based Royal Vopak NV, said in an interview. “For Vopak, worldwide available capacity that is not in maintenance is almost all gone and from what I hear elsewhere in the world we’re not the only ones.”

The firm is racing to complete maintenance to free up whatever space it can. Worldwide oil demand has collapsed at an unprecedented speed because the coronavirus has caused a mass halt to global transportation systems and hurt economies. With producers failing to reduce output at the same pace, an oversupply of crude and fuels has quickly emerged.

U.S. crude oil futures for May moved into negative territory on Monday -- meaning traders were effectively willing to pay people to take barrels. A large part of that was because of concerns about space to store.

From Indonesia to Mexico, companies are scouring the market for places to store oil and refined fuels, often parking unwanted supplies on tankers because shore-based facilities are full. In the North Sea, a handful of vessels have been idling with gasoline and jet fuel on board for days now.

“It’s extremely tough to find something in this market,” said Krien van Beek, a storage broker at ODIN-RVB Tank Storage Solutions, discussing the global situation for fuels. Companies that have their own tanks may not have filled them, but there are now barely any left for third-party hire, she said.


##https://www.bloomberg.com/news/articles/2020-04-21/world-s-biggest-oil-storage-firm-says-almost-all-space-is-sold?srnd=premium-asia

World’s Biggest Oil Storage Firm Says Almost All Space Sold

April 21, 2020, 3:44 PM GMT+8Updated on April 21, 2020, 5:44 PM GMT+8


The world’s biggest independent oil storage company said that space for traders to store crude and refined fuels has all but run out as a result of the fast-expanding glut that Covid-19 has created.

“The available capacity on the oil side is almost completely sold out for our terminals,” Gerard Paulides, the chief financial officer of Rotterdam-based Royal Vopak NV, said in an interview. “For Vopak, worldwide available capacity that is not in maintenance is almost all gone and from what I hear elsewhere in the world we’re not the only ones.”

The firm is racing to complete maintenance to free up whatever space it can. Worldwide oil demand has collapsed at an unprecedented speed because the coronavirus has caused a mass halt to global transportation systems and hurt economies. With producers failing to reduce output at the same pace, an oversupply of crude and fuels has quickly emerged.

U.S. crude oil futures for May moved into negative territory on Monday -- meaning traders were effectively willing to pay people to take barrels. A large part of that was because of concerns about space to store.

From Indonesia to Mexico, companies are scouring the market for places to store oil and refined fuels, often parking unwanted supplies on tankers because shore-based facilities are full. In the North Sea, a handful of vessels have been idling with gasoline and jet fuel on board for days now.

“It’s extremely tough to find something in this market,” said Krien van Beek, a storage broker at ODIN-RVB Tank Storage Solutions, discussing the global situation for fuels. Companies that have their own tanks may not have filled them, but there are now barely any left for third-party hire, she said.


##https://www.bloomberg.com/news/articles/2020-04-21/world-s-biggest-oil-storage-firm-says-almost-all-space-is-sold?srnd=premium-asia

World’s Biggest Oil Storage Firm Says Almost All Space SoldBy 

April 21, 2020, 3:44 PM GMT+8Updated on April 21, 2020, 5:44 PM GMT+8


The world’s biggest independent oil storage company said that space for traders to store crude and refined fuels has all but run out as a result of the fast-expanding glut that Covid-19 has created.

“The available capacity on the oil side is almost completely sold out for our terminals,” Gerard Paulides, the chief financial officer of Rotterdam-based Royal Vopak NV, said in an interview. “For Vopak, worldwide available capacity that is not in maintenance is almost all gone and from what I hear elsewhere in the world we’re not the only ones.”

The firm is racing to complete maintenance to free up whatever space it can. Worldwide oil demand has collapsed at an unprecedented speed because the coronavirus has caused a mass halt to global transportation systems and hurt economies. With producers failing to reduce output at the same pace, an oversupply of crude and fuels has quickly emerged.

U.S. crude oil futures for May moved into negative territory on Monday -- meaning traders were effectively willing to pay people to take barrels. A large part of that was because of concerns about space to store.

From Indonesia to Mexico, companies are scouring the market for places to store oil and refined fuels, often parking unwanted supplies on tankers because shore-based facilities are full. In the North Sea, a handful of vessels have been idling with gasoline and jet fuel on board for days now.

“It’s extremely tough to find something in this market,” said Krien van Beek, a storage broker at ODIN-RVB Tank Storage Solutions, discussing the global situation for fuels. Companies that have their own tanks may not have filled them, but there are now barely any left for third-party hire, she said.

Main Hubs

Vopak operates three main hubs worldwide in Singapore, Rotterdam and Fujairah. The company traditionally benefits from contango in oil and fuel markets where the spot price is depressed, meaning oil can be stored for sale later at a higher price. The company said in its earnings release today that the impact of contango will certainly be seen in the second quarter. Vopak is working at a fast pace to bring back from maintenance four tanks in Rotterdam.

“All the available capacity that is in demand will be used and is used,” Paulides said.


##https://www.bloomberg.com/news/articles/2020-04-21/world-s-biggest-oil-storage-firm-says-almost-all-space-is-sold?srnd=premium-asia

World’s Biggest Oil Storage Firm Says Almost All Space SoldBy 

April 21, 2020, 3:44 PM GMT+8Updated on April 21, 2020, 5:44 PM GMT+8


The world’s biggest independent oil storage company said that space for traders to store crude and refined fuels has all but run out as a result of the fast-expanding glut that Covid-19 has created.

“The available capacity on the oil side is almost completely sold out for our terminals,” Gerard Paulides, the chief financial officer of Rotterdam-based Royal Vopak NV, said in an interview. “For Vopak, worldwide available capacity that is not in maintenance is almost all gone and from what I hear elsewhere in the world we’re not the only ones.”

The firm is racing to complete maintenance to free up whatever space it can. Worldwide oil demand has collapsed at an unprecedented speed because the coronavirus has caused a mass halt to global transportation systems and hurt economies. With producers failing to reduce output at the same pace, an oversupply of crude and fuels has quickly emerged.

U.S. crude oil futures for May moved into negative territory on Monday -- meaning traders were effectively willing to pay people to take barrels. A large part of that was because of concerns about space to store.

From Indonesia to Mexico, companies are scouring the market for places to store oil and refined fuels, often parking unwanted supplies on tankers because shore-based facilities are full. In the North Sea, a handful of vessels have been idling with gasoline and jet fuel on board for days now.

“It’s extremely tough to find something in this market,” said Krien van Beek, a storage broker at ODIN-RVB Tank Storage Solutions, discussing the global situation for fuels. Companies that have their own tanks may not have filled them, but there are now barely any left for third-party hire, she said.

Main Hubs

Vopak operates three main hubs worldwide in Singapore, Rotterdam and Fujairah. The company traditionally benefits from contango in oil and fuel markets where the spot price is depressed, meaning oil can be stored for sale later at a higher price. The company said in its earnings release today that the impact of contango will certainly be seen in the second quarter. Vopak is working at a fast pace to bring back from maintenance four tanks in Rotterdam.

“All the available capacity that is in demand will be used and is used,” Paulides said.


##https://www.bloomberg.com/news/articles/2020-04-21/world-s-biggest-oil-storage-firm-says-almost-all-space-is-sold?srnd=premium-asia

Coming this few days must see support level @ 1343 ~ 1354 between...

If break, any time definitely can break below 1300 but I foresee overall market very very vulnerable.......

CIMB Group has exposure to S'pore troubled oil trader Hin Leong

(theedgemarkets.com / April 21, 2020 16:31 pm +08)

KUALA LUMPUR (April 21): CIMB Group Holdings Bhd is believed to be the Malaysian bank which has an exposure to the troubled oil trader Hin Leong Trading that owes almost US$4 billion to more than 20 banks, including DBS Group Holdings Ltd, HSBC Holdings Plc and Standard Chartered Plc.

The market talk has it that CIMB’s exposure to Hin Leong is to the tune of US$120 million to US$130 million. This will mean an exposure of more than RM500 million in its loan book.

When contacted on the matter, CIMB said: “CIMB does not disclose or comment on specific names or clients.”

The collapse of crude oil prices has brought Hin Leong to its knees and exposed the massive losses that the company has suffered for years.

The Singapore police today announced that they have launched an investigation into Hin Leong after US$800 million oil losses. The gap between the company's assets and its liabilities was reported to stand at US$3.34 billion.

Amidst concerns over its ability to finance its debt, Hin Leong saw some lenders pulling its credit lines amid a plunge in oil prices never seen before in decades.

Reuters, citing sources, noted that Hin Leong filed for a debt moratorium in Singapore last week after it began talks with creditors.

Bloomberg, citing people familiar with the situation, said London-based HSBC has the most exposure to the oil trader, with about US$600 million.

It was made known publicly recently that the Singapore oil trader had failed to declare US$800 million of losses before its collapse.

Yesterday, ABN Amro Bank NV became one of the latest lenders to make a claim against Hin Leong that filed for protection from creditors. It was reported that the Dutch bank filed applications for charges related to irrevocable letters of credit tied to goods and documents of Hin Leong Trading (Pte) Ltd.

For the first time in history, the US West Texas Intermediate futures contract dipped below zero to as low as negative US$40 per barrel amidst expectation of a sharp fall in global oil consumption given the curb on air travel and the movement control order to contain the Covid-19 outbreak.

At 4.15pm, CIMB's share price is down by 16 sen at RM3.61 — hovering at more than ten-year low. The stock is trading at 0.64 times price to book and is at a PE (trading twelve months) of 8.02 times.

For FY2019 ended Dec 31, CIMB's ratio of credit impaired loans to total loans, advances and financing rose to 3.07% compared to 2.91% in 2018.


##https://www.theedgemarkets.com/article/cimb-group-has-exposure-spore-troubled-oil-trader-hin-leong

Why I opt UMW :-Summary of company stand....(as of end of 2019)

Total Assets : RM 11 billion

Total liabilities : RM 5 billion

Total cash @ bank : RM 1.4 billion

Retained profit : RM 3.1 billion (any time can convert to bonus issue to shareholders in future)


**If based on the company profile, this company can file bankruptcy, you think how many % of the KLCI listed company will also follow the suit !!!..............

One shot eating 2.13 just now......

See today closing at which level 1st.....

"Big Boy" still accumulating & support......

If you realize today KLCI big dropped this morning but this UMW still strong support @ 2.10 / 2.11.......

If this few days still strong support this range, very slim to get below 2.00...........

UMW Toyota to re-open selected service centres nationwide

(theedgemarkets.com / April 21, 2020 08:42 am +08)

KUALA LUMPUR (April 21): UMW Toyota Motor Sdn Bhd (UMWT) is set to re-open selected service centres nationwide.

In a statement yesterday, UMWT said it had received approval from MITI to re-open selected authorised Toyota service centres and will operate selected outlets for emergency and urgent service requirements only, at minimum capacity.

It said following the extension of the Movement Control Order (MCO) until April 28, MITI has given permission for car companies to resume aftersales services at selected outlets.

UMWT said that the services are by appointment only.

“Customers will have to contact the respective nearest service centre to confirm if the services centres are in operations and to secure suitable appointments before visiting the service centres.

“Customers are also strongly advised to keep in mind that the MCO restrictions on their travel,” it said.

The company said with regards to those vehicles purchased from UMWT or their authorised dealers with existing warranties that are valid and expiring during the MCO period, there will be a 30-day extension calculated from the last day of the MCO.

UMWT president K Ravindran said all Toyota vehicles sent to the service centres will receive a thorough inspection to ensure they are in good running order.

“However, we also urge customers to adhere to the regulations of the Movement Control Order and help to stop the spread of the COVID-19 virus,” he said.


##https://www.theedgemarkets.com/article/umw-toyota-reopen-selected-service-centres-nationwide

Dow futures reverse, point to opening drop of about 300 points

(PUBLISHED MON, APR 20 20206:08 PM EDTUPDATED MOMENTS AGO)

Stock futures reversed in overnight trading Monday as oil prices bounced off their lows following an unprecedented wipeout.

Futures on the Dow Jones Industrial Average fell about 257 points, implying an opening drop of about 308 points. S&P 500 futures and Nasdaq futures also pointed to lower Tuesday opens for the indexes.

The moves came as President Donald Trump said he would sign an executive order to temporarily suspend immigration to the United States to protect jobs “in light of the attack from the Invisible Enemy.” Millions of Americans have filed for unemployment benefits as the coronavirus pandemic shuts down economic activity in much of the country.

##https://www.cnbc.com/2020/04/20/stock-market-futures-open-to-close-news.html

Now DJIA future dropped 300 pt....Hang Seng Index dropped 700 ++ pt...

DJIA future dropped 200 pt....Hang Seng Index dropped 600 ++ pt...

Today still got chance to skip the boat......

Unless you want keep it for long term........

Unless you want to leverage down your cost coming soon.....

This week very slim hope to rebound back......

Watching this coming Friday, "Big Economy Data" will be announced by US

In fact I'm nice "orang tua"....already given warning since last week...

But seem like newbies just ignoring the warning signal....

Warning.......Warning......May'20 more & more downside risk...

Forced Selling uplift......Political uncertain (Parliament Reopen)...

Q1'20 financial performance + Economy Data................

Waahhh....dropping more than what I expect....

Heading 1st level support .... 1376 level.........