Aiyo...so little up only mahhh.....

Not much excited....kekeke...kekeke...kekeke......

Yalor....

Not much up if comparing other rivals.....

I also "Big Heart...Small Heart" wanted to bet in liao...

My suppose entry level shall be 2.50 but seem like very low chance...

Affin Hwang Capital downgrades MSM, target price 44 sen

(theedgemarkets.com / theedgemarkets.com April 09, 2020 08:42 am +08)

KUALA LUMPUR (April 9): Affin Hwang Capital Research has downgraded MSM Malaysia Holdings Bhd to “Hold” at 42 sen with an unchanged target price (TP) of 44 sen and said following the 24% run-up in the share price in the month to date, the stock is now hovering at a more justifiable valuation.

In a note today, the research house said for 2020, it is still projecting a core loss of RM95.2 million as we foresee an overall softer demand for refined sugar against the backdrop of the Covid-19 disruptions.

“We are positive on the group’s expansion into value added downstream products.

“As part of MSM’s 3-year strategic plan, the group aims to diversify its product offerings to boost volume and uplift the utilisation of the Johor refinery (currently at c.20%).

“We understand that more enquiries are coming in for liquid sugar and premix, although larger volumes have yet to be secured. Further diversification into products such as cordial, condensed milk and chocolate are also on the cards for 2020-21.

“In view of the limited upside, we downgrade MSM to a Hold rating at an unchanged TP of 44 sen,” it said.


##https://www.theedgemarkets.com/article/affin-hwang-capital-downgrades-msm-target-price-44-sen

Today "Kosong" candlestick patterns........

Be Alert...................................

Cramer says he and hedge fund billionaire David Tepper are confused by the market’s recent rally

PUBLISHED WED, APR 8 202011:30 AM EDTUPDATED MOMENTS AGO

~ CNBC’s Jim Cramer said Wednesday that he and hedge fund billionaire David Tepper are not sure why the stock market has rallied in recent days.

~ “I spoke to Dave Tepper yesterday and we were both kind of marveling, ‘Jeez it’s been bullish. Why?’” Cramer said on “Squawk on the Street.”

~ “There’s a curious disconnect between when you speak to the companies, most of which are closed, and what’s going on in the market,” he added.


CNBC’s Jim Cramer said Wednesday that he and hedge fund billionaire David Tepper are not sure why the stock market has rallied in recent days while the coronavirus pandemic continues to upend daily life in the U.S.

“I spoke to Dave Tepper yesterday and we were both kind of marveling, ‘Jeez it’s been bullish. Why?’” Cramer recalled on “Squawk on the Street.”

Cramer’s comments came shortly after Wednesday’s open on Wall Street, which saw the Dow Jones Industrial Average rallying one day after a more than 900-point advance completely fizzled by the close.

While still in a bear market, the Dow as of Tuesday’s close gained about 24% since its coronavirus-driven March 23 low. A bear market is defined as a decline of at least 20% from recent 52-week highs. The Dow hit an all-time high in February before state stay-at-home orders around the nation went into effect.

In the past couple weeks, investors have been responding to bits of optimistic news in the fight against the coronavirus, including recent signs that new cases in the U.S. may be starting to slow.

“There’s a curious disconnect between when you speak to the companies, most of which are closed, and what’s going on in the market,” Cramer said. “I keep thinking maybe the market knows something we don’t.”

Cramer has often referenced interviewing Tepper in early February as a key moment in his understanding of the coronavirus. The founder of Appaloosa Management said then that the virus could be a “game-changer” for financial markets.

The “Mad Money” host also expressed caution Tuesday about the market’s bounce, contending he thought Wall Street was more optimistic about a return to something resembling normal life than most Americans. 

“There is a happy days are here again Wall Street impression versus what I hear ... people saying, ‘Can I get a mask? How do I get a mask? Do I want an N95?’” Cramer said then. “I don’t want to risk it. I think America doesn’t want to risk it.”


##https://www.cnbc.com/2020/04/08/cramer-says-he-and-david-tepper-confused-by-the-market-recent-rally.html

In rare occurence, Genting Malaysia says 'not prudent' to issue statement on prospects due to COVID-19

(Chong Jin Hun / theedgemarkets.com April 08, 2020 20:09 pm +08)


KUALA LUMPUR (April 8): In a rare occurrence, Genting Malaysia Bhd said in a special section in the hotel and casino operator’s latest annual report that it is not prudent at this juncture to issue any statement on the group’s prospects given the unprecedented times of uncertainty due to the COVID-19 pandemic.

Genting Malaysia’s statement was captured in the special section on updates dated April 7, 2020 in Genting Malaysia’s 2019 annual report, which was filed with Bursa Malaysia today.

In the the section, which followed Genting Malaysia chairman and chief executive Tan Sri Lim Kok Thay’s statement dated Feb 27, 2020 in the annual report, the group said the paragraphs below supersede in full all the paragraphs in Lim’s Feb 27 statement in relation to the company’s prospects.

"The COVID-19 outbreak has evolved into a global pandemic, adversely affecting economies worldwide due to the widespread imposition of travel restrictions, constraints on the movement of people and the suspension of many business operations to curb the spread of this virus.

"In Malaysia, the group has temporarily suspended operations at RWG (Resorts World Genting), Resorts World Awana, Resorts World Kijal and Resorts World Langkawi since 18 March 2020 in compliance with the Movement Control Order (MCO) announced by the Prime Minister.

"Similarly, as required by the respective authorities, RWNYC (Resorts World Casino New York City), RWC (Resorts World Catskills), RW (Resorts World) Bimini, Resorts World Birmingham and the group’s other land-based casinos in the UK are also temporarily closed to curb the spread of COVID-19.

"These are unprecedented and challenging times for the group. The spread of the COVID-19 and its impact on economies worldwide are major concerns globally and to the group.

"The situation will remain fluid as Governments worldwide adapt to the evolving response to contain the COVID-19 pandemic.

"Given these unprecedented times of uncertainty, it is not prudent at this juncture to issue any statement on the group’s prospects,” Genting Malaysia said.

Genting Malaysia said shareholders should not rely on the prospects in the preceding section which carried Lim’s Feb 27 statement but should instead refer to the two paragraphs under the April 7 updates for the group’s prospects.

In the preceding section, Lim said the expansion of the global economy is expected to modestly improve as market sentiments gradually recover following potentially lower global trade tensions.

However, downside risks are more pronounced due to heightened global concerns over the severity of impact of the COVID-19 pandemic on the global economy, he said.

"Additionally, concerns over protracted geopolitical tensions and policy uncertainties remain. Domestically, the expansion of the Malaysian economy is expected to continue at a slower pace.

"In terms of tourism, demand for international travel is expected to decline in the near-term following the imposition of travel restrictions and widespread concerns surrounding the COVID-19 outbreak.

"The regional leisure and hospitality industry will be adversely impacted, including the gaming industry. Consequently, the group is more cautious on the near-term prospects of the leisure and hospitality industry.

"In Malaysia, we remain focused on the timely completion of the outdoor theme park as ongoing development works approach its final stages.

"Pre-opening arrangements for the theme park are currently underway as the group prepares to capitalise on the growth in visitation once the domestic and regional tourism sector recovers.

"Meanwhile, the group will continue leveraging its quality assets to grow key business segments and improve overall yield contributions at RWG.

"Additionally, the group will continue to drive operational and cost efficiencies as well as optimise yield management at the resort to better manage the challenging operating environment.

"In terms of our operations abroad, the group remains committed to enhancing operational excellence through the careful implementation of various strategies to reinforce and grow our international presence,” he said.



##https://www.theedgemarkets.com/article/rare-occurence-genting-malaysia-says-not-prudent-iss

Sini orang memang degil....

This is my last word here for this counter....

I can't talk too much.........................


Bye...........................................

PRG faces hiccups on maiden luxury residential project, delayed completion

(Tan Xue Ying / The Edge Financial Daily February 25, 2019 09:17 am +08)

KUALA LUMPUR: PRG Holdings Bhd’s maiden luxury residential project Picasso Residence, which is supposed to be the company’s flagship development, seems to be running into some troubles.

The high-rise residential project, which will have an Olympic-sized swimming pool, is due for completion next month. However, purchasers are unlikely to get their keys anytime soon, as construction works have stopped for a while at the site.

A channel check shows that prospective buyers were told the new completion date will likely be delayed to next year.

“The project (Picasso Residence) has been in fact slightly delayed, but we are sorting things out the best we can to catch up on its completion.

“The delay is mainly because there are some hiccups in the progress of the project,” the company’s spokesperson told The Edge Financial Daily when asked to comment on talks that construction works have stopped at the project site.

Without revealing details on the cause of the setbacks faced, PRG, a manufacturer-turned-property developer, gave assurance that “everything is under control” as it has “ironed out the issues with vendors and partners”.

As at February 2018, the management said the take-up rate for the project stood at 65%, little changed since the launch in 2016. Since January 2018, there has not been any update made to Picasso Residence’s video-sharing social media site, which is used to document the project’s site progress.

The group turned in a cumulative net loss of RM3.08 million for the nine months ended Sept 30, compared with a net profit of RM6.57 million a year ago. Revenue for the nine-month period contracted 30.2% year-on-year to RM104.42 million, from RM149.52 million before.

In its exchange filing, the group attributed its weaker performance during the financial period to the “decrease in revenue from Picasso Residence development project due to lesser units sold”, besides the lower sales volume and selling of more relatively lower-margin products for its manufacturing segment, which was its only profitable segment during the period under review.

That said, the delay does not appear to have caused much concern to PRG. The group reiterated that it has a number of projects in hand, the most current being the Subang Bestari Seksyen U5 project.

“We are committed to finishing the project (Picasso Residence) as soon as we can. We will never compromise on the promise that we made to our buyers. Also, the status of this single project does not reflect on any of PRG’s other projects and other business segments.

“Besides Picasso Residence, PRG has in its pipeline the launch of our Subang U5 project this year. Subang U5 is an affordable apartment project that comprises 650 units priced below RM500,000. It has an approximate gross development value (GDV) of RM260 million.

“We are optimistic about the demand for properties priced below RM500,000 as this is a segment that is targeted at middle-income households, which constitute 51% of the Malaysian population,” the group said in its response.

PRG’s Picasso Residence is certainly a contrast to the affordable home projects. The 3.93-acre (1.59ha) project on Jalan Jelatek, off Jalan Ampang is within a 3km radius from the Petronas Twin Towers and fetches a GDV of some RM800 million, as at February 2018.

Comprising two 38-storey towers of 472 units, the luxury residential development inspired by Spanish artist Pablo Picasso was launched with prices from RM950 per sq ft, targeting at investors and home seekers eyeing units ranging between 1,013 and 2,480 sq ft.

The project was reportedly estimated to generate profit of some RM120 million — depending on the confirmed selling price and market conditions. PRG has a 60% stake in the project, which is on a joint-venture basis with Almaharta Sdn Bhd which owns the remaining 40%.


##https://www.theedgemarkets.com/article/prg-faces-hiccups-maiden-luxury-residential-project-delayed-completion

Yup...huge potential....

But......

I will bet below 0.45 due to weak CPO with high PE if comparing other rivals.................

Today engine just started to vommmm......

"People have to remember that, if you wait around for these theme parks (Disney Theme Park) to go back to full scale, up and running, with everything, all the people coming back, the stocks will have already bounced,” Maley added. “Always remember that the stocks always bounce long before the fundamentals go back to normal.”


##https://www.cnbc.com/2020/04/03/disney-shares-are-a-buy-if-they-fall-to-this-level-technical-analyst-says.html?&qsearchterm=matt



^^^I love this Fund Manager comments.......

Aiyo...ini small potato only need your sponsorship.....

From bet in 0.755 to 2.30 untuk makan suap only.....

Really not greedy mahhh......




Posted by KAQ4468 > Apr 7, 2020 9:01 PM | Report Abuse

come la Muhibah ...kasi tegang sikit ....

mau 80 cents termbak back to 2.80 .... 2 ringgit masuk poket

Please be remembered, don't ever never fight with Fed + IMF + ECB Aid....

If you look at this round "Helicopter Aid" announced by Fed then you know, all "Big Boys" intend to save equities market + economic 1st then rescue health crisis by later vaccine diagnosis...

If come back to Malaysia market, we also have "Big Boys" can rescue the market....

Fund allocation... 

35% of investment fund - during range 1200 ~ 1300 

35% of investment fund - during range 1050 ~ 1200 

30% of investment fund - during below 1050............... 


Example :- 

Assumption investment fund : $ 200,000 

During 1200 ~ 1300 lvl, intend to purchase 5 Co. (35% of total investmet funds allocation) 

Co.A @ 2.00 = allocation of $ 18,500 = 9,200 units 

Co.B @ 1.70 = allocation of $ 15,500 = 9,100 units 

Co.C @ 1.50 = allocation of $ 14,000 = 9,300 units 

Co.D @ 1.30 = allocation of $ 12,000 = 9,200 units 

Co.E @ 1.10 = allocation of $ 10,000 = 9,000 units 


If index further decelerated to 1050 ~ 1200 lvl, then another 35% of total investment funds allocation 

Co.A @ 1.50 = allocation of $ 19,000 = 12,600 units 

Co.B @ 1.30 = allocation of $ 16,500 = 12,700 units 

Co.C @ 1.10 = allocation of $ 14,000 = 12,700 units 

Co.D @ 0.90 = allocation of $ 11,500 = 12,700 units 

Co.E @ 0.70 = allocation of $ 9,000 = 12,800 units 


If index further decelerated below 1050, then balance 30% of total investment funds allocation 

Co.A @ 1.10 = allocation of $ 19,000 = 17,200 units 

Co.B @ 0.90 = allocation of $ 15,500 = 17,200 units 

Co.C @ 0.70 = allocation of $ 12,000 = 17,100 units 

Co.D @ 0.50 = allocation of $ 8,500 = 17,000 units 

Co.E @ 0.30 = allocation of $ 5,000 = 16,600 units 


## So total share holding & average price for each company :- 

Co.A = $ 56,220 / 39,000 units = $ 1.4415 

Co.B = $ 47,460 / 39,000 units = $ 1.2169 

Co.C = $ 39,890 / 39,100 units = $ 1.0202 

Co.D = $ 31,890 / 38,900 units = $ 0.8198 

Co.E = $ 23,840 / 38,400 units = $ 0.6208 


%% At the end, the final average price of each company almost lower than the price during 1050 ~ 1200 index level 

@@ This is illustration & reference only....

despite "orang tua" ini only small potato....

But at least what I know & learned from past, history can't changed but history always can repeat....

Humanity Perception & Right.............  

Now I know why Warren Buffet always Warren Buffet.....No matter sunny day or rainy day...  

Now I know why farmers always farmers...No matter drought season or inundation incident...  


** In fact I fall in love this title......  

Why "A" Students Work for "C" Students and Why "B" Students Work for the GovernGovernment - author by Robert T. Kiyosaki  


^^ So "C" students Work for "Who".....!!!!!!

"People have to remember that, if you wait around for these theme parks (Disney Theme Park) to go back to full scale, up and running, with everything, all the people coming back, the stocks will have already bounced,” Maley added. “Always remember that the stocks always bounce long before the fundamentals go back to normal.” 


##https://www.cnbc.com/2020/04/03/disney-shares-are-a-buy-if-they-fall-to-this-level-technical-analyst-says.html?&qsearchterm=matt maley



^^^I love this Fund Manager comments.......

Sorry, orang sudah tua....

Forgot to highlight....is former shareholder....not current shareholder......kekeke...kekeke...


Posted by Keyman188 > Apr 7, 2020 5:26 PM | Report Abuse X

Mdm Chan Swee Ying is wife of Mr.Chin Boon Long (major shareholders of MMAG Holding Bhd)....

Of course you can't understand lahhh....

Most of the "Players only watching front surface".....


wkwkwkw...wkwkwk...wkwkw.....



Posted by lkang > Apr 7, 2020 5:26 PM | Report Abuse

why sell share at low price. ? CONVERSION OF ICPS AT 15CTS. CANNOT UNDERSTAND

MMAG Holdings Bhd was known as Ingenuity Consolidated Bhd....

Mdm Chan Swee Ying is wife of Mr.Chin Boon Long (major shareholders of MMAG Holding Bhd)....

Buy Malaysian stocks at rare crisis-level valuations, Areca says

(Bloomberg / Bloomberg April 07, 2020 16:42 pm +08)


KUALA LUMPUR (April 7): Value has emerged in Malaysian equities battered by the global pandemic, offering investors a chance to hunt for bargains, according to Areca Capital Sdn Bhd Chief Executive Officer Danny Wong Teck Meng.

“It is a rare opportunity to pick up stocks at crisis-level valuations without being in an actual financial crisis,” he said. “Pandemics come and go, markets eventually go past it and move on.”

The FTSE Bursa Malaysia KLCI Index sank 15% in the first quarter amid a global rout. Valuations are near their cheapest in almost a decade. The gauge has climbed more than 11% from a March 19 low. Local institutional funds bought a net US$1.1 billion of shares in March while foreign investors were net sellers, stock exchange data show.

He also said there will unlikely be a major sell-down of foreign funds going forward as overseas holdings are at an all-time low following a streak of outflows over the past few years. International funds have dumped a net US$1.9 billion worth of shares so far this year, Bloomberg-compiled data show.

Malaysia’s market is quite attractive, with the KLCI now priced in two standard deviation below 10-year mean in terms of price-to-book value and price-to-earnings ratios, Wong said.


##https://www.theedgemarkets.com/article/buy-malaysian-stocks-rare-crisislevel-valuations-areca-says

some more ???

I more prefer diversification with strong fundamental with proven records + net dividend yields at least 5% above....

I keep it for next 6 years ~ 8 years.....

I only small potato....85% long term ...........

15% short term trading..........................

Ok...FPI shortlisted now....

ABMB already bet in @ 1.55 & holding right now....

Any others ???

KPS already up up up by 56% wor...

Any other not yet come up so much with good fundamental + net dividend yield by 5% above ???

I also wanted to follow ......

Too sad to say, We really don't know how to play PM Group counters...

Only God of Share how to bet....haahaahaa............

We are only small potato...

Just bet those funds managers playing around counters.....

Stock market live updates: Dow rises 1,200, up 20% from low, Yellen’s shocking forecast

PUBLISHED MON, APR 6 20207:46 AM EDTUPDATED MOMENTS AGO



##https://www.cnbc.com/2020/04/06/stock-market-live-updates-dow-futures-up-750-nasdaq-futures-up-4percent-bottom-in.html

Yellen says the Fed doesn’t need to buy equities now, but Congress should reconsider allowing it

PUBLISHED MON, APR 6 202010:54 AM EDTUPDATED AN HOUR AGO

~ “I frankly don’t think it’s necessary at this point ... but longer term it wouldn’t be a bad thing for Congress to reconsider the powers that the Fed has with respect to assets it can own,” Yellen told CNBC’s Sara Eisen.

~ Normally, the Fed is only allowed to own government debt and agency debt with government backing, Yellen said.

~ The central bank has also received special powers during the coronavirus outbreak to buy other assets such as corporate debt through exchange-traded funds.

~ Still, “the Fed ... is far more restricted than most other central banks,” Yellen said.


Former Federal Reserve Chair Janet Yellen thinks the central bank is not in a position where it needs to buy equities but thinks lawmakers should give it more leeway for the future. 

“It would be a substantial change to give the Federal Reserve the ability to buy stock,” Yellen told CNBC’s Sara Eisen on “Squawk on the Street.” “I frankly don’t think it’s necessary at this point. I think intervention to support the credit markets is more important, but longer term it wouldn’t be a bad thing for Congress to reconsider the powers that the Fed has with respect to assets it can own.”

Normally, the Fed is only allowed to own government debt and agency debt with government backing, Yellen said. The central bank has also received special powers during the coronavirus outbreak to buy other assets such as corporate debt through exchange-traded funds. The Fed has also cut rates to zero and launched an unlimited quantitative easing program to help stabilize markets. Still, the Fed would need additional authority to buy stock exchange-traded funds. 

Other central banks — including the Bank of Japan — have been purchasing some of their countries’ stocks to mitigate the recent carnage sparked by the coronavirus outbreak. 

“The Fed ... is far more restricted than most other central banks,” Yellen said. “Even with respect to owning corporate debt, the Fed is not allowed to directly own corporate debt and most other central banks are.”

Yellen’s remarks came as the number of coronavirus cases around the world nears 1.3 million, according to Johns Hopkins University. In the U.S. alone, more than 330,000 cases have been confirmed. 

To be sure, New York — the state with the most confirmed cases — reported fewer deaths on Sunday than on Saturday as well as a decline in hospitalizations. Some countries in Europe also saw a slower death rate over the weekend. 

This helped lift equity prices around the world. However, even after Monday’s rally of more than 4% for the S&P 500, the broad market average is still down over 20% from a record set late February. The equity landscape outside of the U.S. is just as grim. The iShares MSCI ACWI ex-U.S. (ACWX) ETF, which tracks stocks outside of the U.S., is down more than 20% year to date. 


##https://www.cnbc.com/2020/04/06/yellen-says-the-fed-doesnt-need-to-buy-equities-now-but-congress-should-reconsider-allowing-it.html

El-Erian foresees more volatility but finds Monday’s rally on medical news encouraging

PUBLISHED MON, APR 6 20209:11 AM EDT

~ Economist Mohamed El-Erian said he finds Monday’s rally in stock futures encouraging because the optimism is fueled by developments around the coronavirus.  

~ “I am feeling better. We’re having a bounce on medical issues, not on policy issues, not on technical issues,” El-Erian told CNBC.

~ “I’ve always said it’s a medical solution that forms a bottom for this market,” he added.


Economist Mohamed El-Erian said he finds Monday’s rally in stock futures encouraging because the optimism is fueled by positive developments around the coronavirus.  

“I am feeling better,” El-Erian said on CNBC’s “Squawk Box.” “We’re having a bounce on medical issues, not on policy issues, not on technical issues.”  

U.S. stock futures were indicating a strong open Monday: Dow futures pointed to a gain of more than 700 points, up more than 3%. Futures for the S&P 500 and Nasdaq also were pointing to similar percentage gains. 

Stocks finished lower last week, their third weekly decline in four. The Dow finished down 2.7% while S&P 500 lost 2.1%. 

Some positive signs around the progression of the COVID-19 pandemic emerged over the weekend, including the first daily decline in coronavirus-related deaths in New York, the epicenter of the U.S. outbreak. Slowing death rates in Europe also offered hope to investors. 

“It’s about people, fewer people dying, fewer people getting infected,” El-Erian said. “I’ve always said it’s a medical solution that forms a bottom for this market.” 

El-Erian, chief economic advisor at Allianz, said the second reason he feels good about Monday’s bounce is because it shows “the ability of this market to get ahead of what the economists are saying.” 

El-Erian has for weeks been urging investors to approach the coronavirus with caution, pointing to unprecedented levels of uncertainty. Last week, he told CNBC the market could still set new lows.

El-Erian on Monday repeated his belief that more uncertainty lies ahead, saying Monday’s positive moves are “a bright spot in an otherwise still gloomy picture.”  

“I think that we need more than just one spot. I still think that the overall paradigm is going to be like last week — volatile around a downward trend,” he said. 


##https://www.cnbc.com/2020/04/06/coronavirus-el-erian-encouraged-by-mondays-rally-on-medical-news.html

Stocks are set to jump, with Dow futures pointing to 900 point gain

PUBLISHED SUN, APR 5 20206:04 PM EDTUPDATED MOMENTS AGO

U.S. stock futures rose on early Monday morning as Wall Street tried to recover from another decline last week.

Dow Jones Industrial Average futures traded 872 points higher, implying a gain of about 906 points at the Monday open. S&P 500 and Nasdaq 100 futures also pointed to robust Monday opening gains for the two indexes.


##https://www.cnbc.com/2020/04/05/stock-market-futures-open-to-close-news.html

“People have to remember that, if you wait around for these theme parks (Disney Theme Park) to go back to full scale, up and running, with everything, all the people coming back, the stocks will have already bounced,” Maley added. “Always remember that the stocks always bounce long before the fundamentals go back to normal.”


##https://www.cnbc.com/2020/04/03/disney-shares-are-a-buy-if-they-fall-to-this-level-technical-analyst-says.html?&qsearchterm=matt%20maley



^^^I love this Fund Manager comments.......

“People have to remember that, if you wait around for these theme parks (Disney Theme Park) to go back to full scale, up and running, with everything, all the people coming back, the stocks will have already bounced,” Maley added. “Always remember that the stocks always bounce long before the fundamentals go back to normal.”


##https://www.cnbc.com/2020/04/03/disney-shares-are-a-buy-if-they-fall-to-this-level-technical-analyst-says.html?&qsearchterm=matt%20maley



^^^I love this Fund Manager comments.......

“People have to remember that, if you wait around for these theme parks (Disney Theme Park) to go back to full scale, up and running, with everything, all the people coming back, the stocks will have already bounced,” Maley added. “Always remember that the stocks always bounce long before the fundamentals go back to normal.”


##https://www.cnbc.com/2020/04/03/disney-shares-are-a-buy-if-they-fall-to-this-level-technical-analyst-says.html?&qsearchterm=matt%20maley



^^^I love this Fund Manager comments.......

“People have to remember that, if you wait around for these theme parks (Disney Theme Park) to go back to full scale, up and running, with everything, all the people coming back, the stocks will have already bounced,” Maley added. “Always remember that the stocks always bounce long before the fundamentals go back to normal.”


##https://www.cnbc.com/2020/04/03/disney-shares-are-a-buy-if-they-fall-to-this-level-technical-analyst-says.html?&qsearchterm=matt%20maley



^^^I love this Fund Manager comments.......

Russia and Saudi Arabia are ‘very, very close’ to an oil production deal, says Russia’s Dmitriev (PUBLISHED MON, APR 6 20201:32 AM EDT)

~ The deal will bring “so much important stability to the market” and the two sides are “very close,” said Kirill Dmitriev, CEO of Russia’s sovereign wealth fund RDIF.

~ A virtual meeting between OPEC and its allies was scheduled to happen on Monday, but is now “likely” to take place on Thursday instead, sources told CNBC.

~ Dmitriev also said Russia is working closely with U.S. authorities to have American producers participate in the output cut.


Russia and Saudi Arabia are “very, very close” to a deal on oil production cuts, according to the chief executive of Russia’s sovereign wealth fund RDIF.

“I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close,” said Kirill Dmitriev, CEO of the Russian Direct Investment Fund.

A virtual meeting between OPEC and its allies was scheduled to happen on Monday, but is now “likely” to take place on Thursday instead, sources familiar with the matter told CNBC. Reductions in oil output were expected to be discussed at the meeting.

Oil futures both fell on Monday morning in Asia, with U.S. West Texas Intermediate crude down 3.63% at $27.31 and Brent crude losing 2.05% to trade at $33.41.

Dmitriev pointed to comments by Russian President Vladimir Putin last week when he proposed a combined production cut of 10 million barrels per day, according to a Reuters report.

″(Putin) talked about how important this oil deal is, so Russia is committed,” Dmitriev told CNBC’s “Capital Connection” on Monday.

He added that Russia is working closely with U.S. authorities to have American producers participate in the output cut.

“I think it’s Russia, Saudi Arabia, U.S., other countries that need to step in to stabilize the markets and to bring stability in the world that is about to see probably the greatest recession ever.”


##https://www.cnbc.com/2020/04/06/russia-saudi-arabia-are-very-close-to-an-oil-production-deal-rdif.html

Maybank lead the market moving up today............

Why Lamborghini power so slow like perodua Kancil...

Perhaps not yet pump Petron 100 Blaze oil to boost !!!...

Just disposed 1/3 shareholdings @ 1.21....

Just keeping the rest for long term return....

Suddenly global market u-turn today...

DJIA future big jumped by almost 700 poit....

Nikkei 225 up 500++ point....

Australia up 160++ point....

Why suddenly big big u-turn???..........

Suddenly US (DJIA) big jumped by 600++ point....

What happen ???................

Stocks are set to jump at Monday’s open, Dow futures rise more than 400 points (PUBLISHED SUN, APR 5 20206:04 PM EDTUPDATED MOMENTS AGO)

U.S. stock futures rose on Sunday night as Wall Street tried to recover from another decline last week while investors shook off rising tensions between Saudi Arabia and Russia.

Dow Jones Industrial Average futures traded more than 400 points higher, or 2.1%. S&P 500 and Nasdaq 100 futures also climbed more than 2%.

Last week, the major averages posted their third weekly decline in four. The Dow slid 2.7% while the S&P 500 lost 2.1%. The Nasdaq Composite closed last week down 1.7%. Stocks are also deep in bear-market territory as concerns over the coronavirus outbreak have virtually shut down the global economy and have dampened sentiment around corporate profits.

However, some on Wall Street think the market could start to turn a corner soon.

Billionaire investor Bill Ackman, founder of Pershing Square Capital Management, said in a series of tweets he is “beginning to get optimistic.” He said cases in New York, a hot spot for the coronavirus in the U.S., “appear to be peaking” while some treatments “appear to help.”

“If this is true, the severity and death rate could be much lower than anticipated, and we could be closer to herd immunity than projected,” Ackman also said. “While it is hard to be positive when we know that tens of thousands more will die and many more will get severely sick, I have no choice but to be more optimistic about the intermediate future based on the data and facts I have seen recently.”

Last month, Ackman called for the U.S. to completely shut down for 30 days as a way to curb the coronavirus outbreak. “Hell is coming,” Ackman told CNBC’s “Halftime Report” on March 18.

The number of coronavirus-related hospitalizations has fallen slightly in New York while discharges are up, Gov. Andrew Cuomo said Sunday. Italy also reported Sunday its smallest daily increase in deaths in two weeks.

To be sure, the number of coronavirus cases continues to increase sharply. More than 1.2 million coronavirus cases have been confirmed, according to Johns Hopkins University. The U.S. is by far the country with the most cases at over 330,000. On Saturday, Trump warned “there will be a lot of death,” noting the U.S. faces its “toughest week” in its fight against the virus.

Marc Chaikin, CEO of Chaikin Analytics, advises investors to remain cautious.

“Until the spread of the COVID-19 virus peaks and we are closer to a reopening of the U.S. economy, sell rallies and sit on your cash,” said Chaikin. “If we are fortunate to see an effective treatment there will be plenty of capital gains opportunities. For me, capital preservation is more important than capital gains.”

Stock futures shook off a massive decline in oil prices as a key meeting between major oil producing countries was delayed. U.S. crude fell more than 7% to $26.12 per barrel.

The meeting between OPEC and Russia was scheduled for Monday, but sources familiar with the matter told CNBC it will “likely” take place Thursday. The delay comes after President Donald Trump told CNBC last week he expected both countries to cut production by up to 15 million barrels.

Trump’s comments helped U.S. crude post its biggest-ever weekly gain. West Texas Intermediate futures rallied 12% last week. WTI also jumped 24% on Thursday for its best day on record, lifting equity prices that day as concern about financial and job losses in the energy sector eased.

Crude has taken a beating this year as Saudi Arabia-led OPEC and Russia failed to reach a deal on production cuts while the global spread of the coronavirus dampens the demand outlook for oil. Year to date, WTI has lost more than half of its value.


##https://www.cnbc.com/2020/04/05/stock-market-futures-open-to-close-news.html

US future early morning jumped by 300++ point after Bill Gates had commented the current Covid-19 circumstances....

Not bad......Bill Gates just talk a few words also can twist market turn to positive....

Bill Gates Says Virus Death Toll May Not Reach Experts’ Worst Case

(April 6, 2020, 2:58 AM GMT+8)

The coronavirus death toll in the U.S. could be “well short” of recent estimates from top health officials if social distancing measures are done properly, billionaire philanthropist Bill Gates said Sunday.

The Microsoft Corp. co-founder has called in recent days for a national lockdown to control the spread of the Covid-19 virus, something the U.S. has fallen short of so far.

Gates spoke as experts, including Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health, predicted a deadly week for the U.S., warned the pandemic isn’t yet under control, and suggested it could take on a seasonal nature.

Members of President Donald Trump’s health team last week suggested between 100,000 and 240,000 deaths over the next two months from the coronavirus pandemic. Gates said that wasn’t inevitable.

“If we get the testing fixed, we get all 50 states involved, we’ll be below that. Of course, we’ll pay a huge economic price,” added Gates, whose net worth is $97 billion, according to the Bloomberg billionaires list, making him the world’s second-richest person.

On CBS’s “Face the Nation,” Fauci joined Trump and Surgeon General Jerome Adams in predicting a rough week to two weeks for the U.S. as rising caseloads strain health resources in some areas and deaths continue to rise.

Bad Week
“This is going to be a bad week,” Fauci said. “Things are going to get bad and we need to be prepared for that. It is going to be shocking to some.”

Within a week or slightly more, the U.S. coronavirus curve should start to flatten, Fauci predicted.

Coronavirus cases in the U.S. surpassed 324,000 on Sunday, the world’s highest, with more than 9,000 deaths, according to figures from Johns Hopkins University.

Scott Gottlieb, former commissioner of the U.S. Food and Drug Administration, said the U.S. still lacks an “all-hands-on-deck approach” to vaccine or treatment development for Covid-19.

Absent that, there’s little hope for a “V-shaped recovery” or for the economy to rebound to more than 80% of potential, Gottlieb said on CBS.

“We need to prepare for what it looks like when you have a slower economy and more people unemployed in the fall,” said Gottlieb, special partner at New Enterprise Associates, a venture capital firm that invests in the health-care and biotech sectors.

“It is fair to say things won’t go back to truly normal until we have a vaccine,” Gates said on Fox.


##https://www.bloomberg.com/news/articles/2020-04-05/gates-says-virus-death-toll-may-not-reach-experts-worst-case?srnd=premium-asia

Humanity Perception & Right............. 

Now I know why Warren Buffet always Warren Buffet.....No matter sunny day or rainy day... 

Now I know why farmers always farmers...No matter drought season or inundation incident... 


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Why "A" Students Work for "C" Students and Why "B" Students Work for the GovernGovernment - author by Robert T. Kiyosaki 


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2.90...

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Humanity Perception & Right.............

Now I know why Warren Buffet always Warren Buffet.....No matter sunny day or rainy day...

Now I know why farmers always farmers...No matter drought season or inundation incident...


** In fact I fall in love this title......

Why "A" Students Work for "C" Students and Why "B" Students Work for the GovernGovernment - author by Robert T. Kiyosaki


^^ So "C" students Work for "Who".....!!!!!!

Did Warren Buffett Really Sell These 2 Airline Stocks?

The move seems to run counter to everything the Berkshire Hathaway value investor stands for. Is there an explanation?

The coronavirus pandemic has turned the global economy upside down, and stock markets have felt the effects around the world. Even legendary investor Warren Buffett hasn't been immune, as shares of the Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) conglomerate that he leads have fallen, along with the value of the stocks that Berkshire holds in its portfolio.

Most investors have expected that Buffett would be a big buyer of stocks during the market downturn, even perhaps adding to his holdings of hard-hit airlines. Yet on Friday, investors got their first inkling of what Berkshire Hathaway has been doing with its stock portfolio, and to many people's surprise, it involved the insurance giant selling stocks rather than buying them. Below, we'll look at the two airline stocks that Berkshire chose to sell -- and what it likely says about Buffett's view on airlines generally.

The evidence

Berkshire Hathaway filed two disclosure forms with the U.S. Securities and Exchange Commission on April 3, after the market closed. The need to file the disclosures was somewhat of a shock, as Berkshire has 45 days to disclose its end-of-quarter holdings as of March 31.

However, rules are different from companies in which an owner has a 10% or greater stake, prompting the need for the filings.

The forms included two sets of sales:

Berkshire sold about 2.3 million shares of Southwest Airlines (NYSE:LUV) on April 1 and 2, raising about $74 million in sale proceeds.

The Buffett-led company also reduced its holdings in Delta Air Lines (NYSE:DAL), selling almost 13 million shares over the same two-day period and generating $314 million in cash from the sales.

The two stocks took massive hits in after-hours trading Friday after the disclosures. Delta stock was down 11%, while Southwest took a 5% hit. Investors clearly saw the moves as a vote of no confidence from Buffett about the two airline holdings.

Did Buffett make the sales?

Berkshire has a more complex management structure than it used to, with other portfolio managers having some responsibility for the insurance giant's holdings. However, Buffett has said that he manages three of the company's four airline stock holdings, so at least one of the sales would have come under his purview.

Interestingly, the two transactions look fundamentally different from each other. The Southwest sale was relatively small, reducing Berkshire's holdings of the airline by just 4% and leaving a stake worth more than $1.5 billion. The remaining stake is just slightly below 10% of the outstanding shares, making it seem as though the reason for the sale was to get under that key 10% reporting threshold.

The Delta sale, though, is potentially more meaningful. If moving below the 10% ownership threshold were the motivation there, then Buffett could have sold far fewer shares. In that sense, the sale is more reminiscent of what Berkshire has done recently with its stake in bank stock Wells Fargo (NYSE:WFC). With Wells, Buffett has been reducing Berkshire's stake at a measured pace for several quarters now, seemingly responding to the ongoing troubles the banking giant has had in bouncing back from reputation-busting scandals in recent years.

It's possible that the reduction in Delta stock holdings expresses the same skepticism in the airline's prospects. As Berkshire's biggest airline holding, it'd be natural to assume that Buffett would be the responsible party -- but without confirmation from the CEO, there's no way to be sure.

What's next?

Because the sales of Southwest and Delta took Berkshire's overall position in the two airlines below the 10% threshold, the insurance giant won't necessarily have to disclose further sales immediately. We therefore won't necessarily know anything more about what Buffett does with his airline stocks until disclosures for the quarter ending June 30 come out in mid-August.

Given the way in which Buffett justified his purchase of airline stocks back in late 2016 after having panned them for much of his investing career, the apparent about-face now is jarring. With airlines now going to the federal government for assistance, their future is very much in doubt -- and that could create further losses for Berkshire's remaining airline stock holdings.


##https://www.fool.com/investing/2020/04/04/did-warren-buffett-really-sell-these-2-airline-sto.aspx

Oil set to ‘crater’ Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia

PUBLISHED SAT, APR 4 202012:00 PM EDT

~ The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, as tensions between Saudi Arabia and Russia mount.

~ The meeting will now “likely” be held on Thursday, sources said.

~ The Monday meeting was set after President Donald Trump said to CNBC on Thursday that he expected Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman to announce a deal on production cuts.


The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, amid mounting tensions between Saudi Arabia and Russia. The meeting will now “likely” be held on Thursday, sources said.

The Monday meeting was set after President Donald Trump said to CNBC on Thursdaythat he expected Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman to announce a deal to cut production by up to 15 million barrels, and that he had spoken to both countries’ leaders.

The delay is likely to hit oil prices next week following a record-setting comeback week for crude. U.S. oil surged 25% on Thursday for its best day on record, and gained another 12% on Friday. It finished the week with a 32% surge, breaking a 5-week losing streak and posting its best weekly performance ever, back to the contract’s inception in 1983.

“It’s probably going to crater,” Again Capital’s John Kilduff said. “There was a lot of optimism priced into oil Thursday and Friday. With this new Saudi, Russia spat, it doesn’t look like it’s going to come together.”


##https://www.cnbc.com/2020/04/04/oil-set-to-crater-monday-as-opec-meeting-delayed-tensions-flare-between-saudi-arabia-and-russia.html

Oil set to ‘crater’ Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia

PUBLISHED SAT, APR 4 202012:00 PM EDT

~ The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, as tensions between Saudi Arabia and Russia mount.

~ The meeting will now “likely” be held on Thursday, sources said.

~ The Monday meeting was set after President Donald Trump said to CNBC on Thursday that he expected Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman to announce a deal on production cuts.


The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, amid mounting tensions between Saudi Arabia and Russia. The meeting will now “likely” be held on Thursday, sources said.

The Monday meeting was set after President Donald Trump said to CNBC on Thursdaythat he expected Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman to announce a deal to cut production by up to 15 million barrels, and that he had spoken to both countries’ leaders.

The delay is likely to hit oil prices next week following a record-setting comeback week for crude. U.S. oil surged 25% on Thursday for its best day on record, and gained another 12% on Friday. It finished the week with a 32% surge, breaking a 5-week losing streak and posting its best weekly performance ever, back to the contract’s inception in 1983.

“It’s probably going to crater,” Again Capital’s John Kilduff said. “There was a lot of optimism priced into oil Thursday and Friday. With this new Saudi, Russia spat, it doesn’t look like it’s going to come together.”

Despite last week’s surge, West Texas Intermediate crude is still down nearly 40% in the last month on the heels of demand destruction from the coronavirus outbreak, and the price war between Saudi Arabia and Russia.

Friday’s jump was fueled by a Reuters report that OPEC+ was contemplating a production cut equivalent to about 10% of world supply, and that Putin said a cut of 10 million barrels a day appeared possible.

Both Saudi Arabia and Russia have sought U.S. cooperation in balancing the world oil supply. American drillers are still pumping near record levels as the world is coming to the edge of its ability to store oil.

U.S. oil executives met with the president Friday at the White House, and there was speculation he would ask them to cooperate in cuts. No agreement came of the meeting, but Trump did seem to reflect an industry view that market forces should determine prices. 

“These are great companies and they’ll figure it out,” he said at a White House briefing following his meeting with the energy CEOs. “It’s a free market, they’ll figure it out.”

At its March meeting, OPEC proposed cutting production by 1.5 million barrels per day in an effort to combat the demand slowdown, but OPEC-ally Russia rejected the additional cuts. The meeting ended with no agreement, and in retaliation Saudi Arabia slashed its oil prices in an effort to gain market share, and subsequently increased its production to a record high of more than 12 million barrels per day.

Tensions between Saudi Arabia and Russia have escalated since. In comments Friday, Putin blamed the collapse in oil prices on Saudi Arabia pulling out of the more than 3-year-old OPEC plus deal, along with its increase in production and agreements for discounts, all of which exacerbated the blow from the coronavirus.

Saudi Arabia lashed back. In a statement Saturday, Saudi Foreign Minister Prince Faisal bin Farhan reportedly said Putin’s comments were “devoid of truth.”

Saudi Arabia energy minister Prince Abdulaziz bin Salman also issued a statement Saturday saying comments from Russia’s energy minister Alexander Novak “were categorically false and contrary to fact.” The statement said the Saudi minister “expressed his surprise at the attempts to bring Saudi Arabia into hostilities against the shale oil industry.” The minister noted that Saudi Arabia was a major investor in the U.S. oil sector.


##https://www.cnbc.com/2020/04/04/oil-set-to-crater-monday-as-opec-meeting-delayed-tensions-flare-between-saudi-arabia-and-russia.html