White House, Congress Weigh Next Stimulus With Virus Spreading

(March 31, 2020, 8:55 AM GMT+8 Updated on March 31, 2020, 10:21 AM GMT+8)

~ Officials consider aid for mortgage markets, travel industry

~ Pelosi says states and local governments will need more help


The White House and congressional Democrats are preparing for a fourth round of economic stimulus to get the U.S. through its coronavirus outbreak, even while they’re still arguing over the $2 trillion measure President Donald Trump signed Friday.

White House officials have compiled lists of requests from government agencies totaling roughly $600 billion, according to people familiar with the matter. The proposals include more state aid as well as financial assistance for mortage markets and the travel industries.

House Speaker Nancy Pelosi told reporters on Monday that Democrats are “collecting information, taking inventory” on what might be needed in another round of stimulus. She also indicated states and local governments need more federal assistance, and said there could be further direct payments to everyday Americans.

And in an interview with the New York Times published on Monday, she indicated that another possible move was getting rid of the limit on state and local tax deductions, or SALT, that was part of the 2017 tax overhaul and affects California, Pelosi’s home state, and New York.

But a spokesman for Chuck Grassley, an Iowa Republican and chairman of the Senate Finance Committee, dismissed the idea as “a nonstarter.”

“Millionaires don’t need a new tax break as the federal government spends trillions of dollars to fight a pandemic.” said the spokesman, Michael Zona.

The U.S. outbreak isn’t expected to peak for another two weeks, according to projections by the Institute for Health Metrics and Evaluation at the University of Washington, and the president has urged Americans to continue “social distancing” practices that have devastated the economy until May.

Trump said early Monday that he’s considering hazard pay for health care professionals in a subsequent bill. He said Sunday that he’s assigned the Treasury and Labor secretaries to work on restoring a tax break for corporate restaurant spending that was repealed as part of his 2017 tax overhaul. Such a change stands to benefit the president’s company, the Trump Organization, which rents space to restaurants at many of its resort properties.

Many of the priorities Pelosi outlined for a fourth round on Monday were part of an alternative stimulus bill House Democrats proposed last week, but were rejected by Senate leaders in negotiations with Trump’s administration.

Senate Impeachment Trial Of President Trump
Ted CruzPhotographer: Stefani Reynolds/Bloomberg
There’s bipartisan momentum building for another stimulus measure in Congress. Senator Ted Cruz, a Texas Republican, said Monday on Bloomberg Television that “if the crisis continues for substantially longer I have no doubt that the Congress will have to act again.”


##https://www.bloomberg.com/news/articles/2020-03-31/white-house-congress-weigh-next-stimulus-with-virus-spreading?srnd=premium-asia

KLCI heading to test 1355 level again...Global market lead by China Market due to surpass expectation of PMI....

China says manufacturing activity expanded in March, topping expectations for a contraction

(PUBLISHED MON, MAR 30 20209:06 PM EDT)

~ China on Tuesday said the official Purchasing Manager’s Index for March was 52.0, beating expectations for an economy hit by the coronavirus outbreak.

~ Analysts polled by Reuters had expected the official PMI to come in at 45 for the month of March, from a record low of 35.7 a month earlier.


~ China’s manufacturing activity slowed dramatically earlier this year as the government instituted large-scale lockdowns and quarantines to contain the spread of the coronavirus disease, formally known as COVID-19.


China on Tuesday said the official Purchasing Manager’s Index for March was 52.0, beating expectations for an economy hit by the coronavirus outbreak.

Analysts polled by Reuters had expected the official PMI to come in at 45 for the month of March.

In February, the official PMI hit a record low of 35.7.

PMI readings above 50 indicate expansion, while those below that level signal contraction.

Earlier this year, manufacturing activity slowed dramatically in China as the government instituted large-scale lockdowns and quarantines to contain the spread of the coronavirus disease, formally known as COVID-19.

On Monday, China’s Ministry of Industry and Information Technology said that as of March 28, the resumption of work rate for industrial enterprises was 98.6%, and the return of workers stood at 89.9%.

A private PMI survey by Caixin and IHS Markit will be released on Wednesday.

The Caixin/Markit survey features a bigger mix of small- and medium-sized firms. In comparison, the official PMI survey typically polls a large proportion of big businesses and state-owned companies.


##https://www.cnbc.com/2020/03/31/china-reports-march-manufacturing-pmi-amid-coronavirus-outbreak.html

February pending home sales jump over 9% annually, ahead of major coronavirus impact

PUBLISHED MON, MAR 30 202010:00 AM EDT

~ Pending home sales, which measure signed contracts on existing homes, rose 2.4% in February compared with January. Sales were  up a steep 9.4% annually, according to the National Association of Realtors. 

~ “Numbers in the coming weeks will show just how hard the housing market was hit, but I am optimistic that the upcoming stimulus package will lessen the economic damage and we may get a V-shaped robust recovery later in the year,” said Lawrence Yun, NAR’s chief economist.


Homebuyer demand was strengthening markedly just before COVID-19 began its spread across the U.S.

Pending home sales, which measure signed contracts on existing homes, rose a stronger than expected 2.4% in February compared with January. Sales were  up a steep 9.4% annually, according to the National Association of Realtors. That is the highest pace in exactly three years.

“February’s pending sales figures show the housing market had been very healthy prior to the coronavirus-induced shutdown,” said Lawrence Yun, NAR’s chief economist. “Numbers in the coming weeks will show just how hard the housing market was hit, but I am optimistic that the upcoming stimulus package will lessen the economic damage and we may get a V-shaped robust recovery later in the year.”

Regionally, pending home sales in the Northeast rose 2.8% for the month and were 5.9% higher than a year ago. In the Midwest, they increased 4.5% monthly and 14.9% annually.

Pending home sales in the South were up just 0.1% monthly, but 7.1% annually. In the West, where home prices are highest, sales grew 4.6% for the month and jumped 10.8% from a year ago.

The spring housing market was set up to be one of the best since the last recession. Closed sales of existing homes  in February jumped 7% annually to the highest level since February 2007, according to the National Association of Realtors. Those closings were based on deals made in December and January. Signed contracts to buy newly built homes also soared in February, up 14% annually.

While it is impossible to know exact numbers, one estimate is that home sales this spring will drop 35% annually, according to Capital Economics. The market was already struggling with record low inventory, and now some sellers are de-listing their properties. They either don’t want people touring their homes or don’t wan to sell into a down market. 


##https://www.cnbc.com/2020/03/30/february-pending-home-sales-jump-over-9percent-annually-ahead-of-coronavirus-impact.html

Waaahhh....suddenly most of the investment bank (JP Morgaon, UBS, DBS & HSBC) buy call equity after massive sell down....

UBS, HSBC Advise Top Clients to Buy Asia Stocks Amid Equity Rout

(March 30, 2020, 11:02 AM GMT+8 Updated on March 30, 2020, 11:36 AM GMT+8)

~ Consider structured products for Singapore bank shares: UBS

~ “We are quite near the bottom in Asian equities”: DBS’s Hou


The rout in Asian equity markets this year has not been for the faint-hearted. Yet, investment experts at private banks say it’s time for clients to indulge in a bit of bargain hunting.

Wealth managers such as UBS Group AG and DBS Group Holdings Ltd. are recommending clients dip their toes in structured products based on regional stocks, while Bank of Singapore Ltd. has upgraded Asia ex-Japan equities. Concerns about the health crisis’ economic repercussions have wiped out $5.5 trillion in Asian stock-market value since Jan. 20 when traders began reacting to virus fears. The region’s benchmark index, which snapped a four-day advance to fall 1.8% as of 11:35 a.m. in Singapore, is set for its worst quarter since 2008, led by energy shares.

While the past week’s rebound has failed to convince most investors that the market has hit a bottom, private banks are not sitting idle. Here’s what investment chiefs are recommending to clients.

UBS

“Look for oversold names,” Kelvin Tay, the Asia Pacific chief investment officer for UBS’s wealth-management unit, wrote in a note Wednesday. Historically low valuations for regional stocks excluding Japan are offering opportunities in companies related to online consumption, such as gaming, e-commerce and food delivery, he added. The Swiss bank is also recommending China property shares listed in Hong Kong, Japanese automation and machinery companies and 5G-related firms.

In an interview earlier this month, Tay said investors can consider structured products such as equity-linked notes and reverse convertible notes on Singapore bank stocks for lower “entry points.” “You are talking about banks yielding 6% and a tier-1 capital ratio of about 15% -- you can’t get it anywhere else in the world,” he said.

DBS

“We are quite near the bottom in Asian equities,” said Hou Wey Fook, DBS Bank’s chief investment officer, pointing to valuation indicators trading near historical lows, implied volatility levels, and “playbooks from SARS” and the global financial crisis. Within the region’s equities, the Singapore-headquartered bank favors China shares.

Clients have been investing in beaten-down Singapore real estate investment trusts and health-care stocks by purchasing securities or structured products enhancing yields, added Joseph Poon, group head of DBS Private Bank. He said there’s been an up-tick in clients’ trading volume this year.

HSBC

According to Patrick Ho, HSBC Private Banking’s chief market strategist for North Asia, investors still need to manage the “very weak economic and profit data of the coming weeks and months.” But in the meantime, the private bank is recommending companies with “above average” profitability, strong balance sheets, the ability to pay stable dividends and strong brand presence.

Ho said he has identified such firms in the consumer, technology and telecommunication sectors in Asia as well as China’s real estate.


##https://www.bloomberg.com/news/articles/2020-03-30/what-private-banks-are-telling-clients-about-asian-equities?srnd=premium-asia

JPMorgan Says the Market Rout Is Probably Past Its Worst Now

(March 30, 2020, 12:21 PM GMT+8 Updated on March 30, 2020, 3:17 PM GMT+8)

~ Conditions for market stabilization, revival mostly met: JPM

~ Most risky assets should trade higher in next quarter: Normand


Strategists at JPMorgan Chase & Co. have concluded that most risk assets -- a universe that typically includes stocks and credit -- have seen their low points for the recession that’s gripped economies around the world.

Conditions that JPMorgan had set for market stabilization and revival have largely been met, with recession-like pricing, a reversal in investor positioning and extraordinary fiscal stimulus, strategists led by John Normand wrote in a note Friday. Coronavirus infection rates remain a “wild card,” as they remain high even if they’re “slowing” in the U.S. and Europe.

“Risky markets should remain volatile as long as infection rates create uncertainty about the depth and duration of the Covid recession, but enough has changed fundamentally and technically to justify adding risk selectively,” Normand wrote. “Most risky markets have probably made their lows for this recession, except perhaps oil and some EM currencies beset by debt-sustainability issues.”

Most risk assets should trade higher in the second quarter of the year, Normand said. He recommends that investors average into oversold markets, particularly those where central banks are buying directly. (Averaging into markets entails spreading out the purchases over time rather than diving in in one go.)

Not everyone sees the bottom as necessarily in.

Goldman Sachs Group Inc.’s David Kostin reiterated in a note Friday that he expects the market to turn lower in coming weeks. He cited a checklist for a sustained rally similar to Normand’s -- of slowing viral spread, evidence that fiscal and monetary policy stimulus is working, and a bottoming in investor positioning and flows.

Gavekal Research Ltd.’s Anatole Kaletsky said in a note Monday that it’s too early to buy equities, citing reasons including “surprisingly complacent” investor sentiment and historical data showing bear markets almost never end on a single massive sell-off without retesting the bottom.



##https://www.bloomberg.com/news/articles/2020-03-30/jpmorgan-says-the-market-rout-is-probably-past-its-worst-now?srnd=premium-asia

You are wrong....

Should be IB + FM......

Aiyo...Orang pun IB...Hantu pun IB...even though GOD pun IB....

YOU & me macam boleh fight with IB operator.....

Aiyo...simple calculation mahhh....

Now you buy @ 3.50....later you sell @ 4.15 then also can profit RM 180K mahhh....

Belum lambat mahhh......

Sian lorrr...No durian jatuh....


Just holding only 0.84 level on hand...no syok lorrrr....


Please don't wake up me...

Until can see 2.80 level...

Please don't wake up me...

Unless can touch 0.74 level...


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

Sian lorrr.....

Not much selling pressure.....

Haizz.....really effective after temporarily suspended IDSS & margin call.....

Oil Plummets to 17-Year Low as Broken Market Drowns in Crude

(March 30, 2020, 6:23 AM GMT+8 Updated on March 30, 2020, 7:14 AM GMT+8)

~ Tightening coronavirus restrictions are eroding demand

~ Saudi Arabia, Russia are increasing output in price war


Crude dropped to its lowest in 17 years as virus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and an unmanageable surplus.

Futures in London fell as much as 7.6% to their lowest since November 2002 while also slumping in New York to trade below $20 a barrel. Physical oil markets are struggling to store fuel, hit by a double whammy of coronavirus restrictions eroding demand while Saudi Arabia and Russia dig in their heels over a damaging war for market share.

The kingdom said on Friday that it hadn’t had any contact with Moscow about output cuts or enlarging the OPEC+ alliance of producers. Russia also doubled down, with Deputy Energy Minister Pavel Sorokin saying oil at $25 a barrel is unpleasant, but not a catastrophe for Moscow.

“Demand concerns are critical but well known, what really took the market down were the signals we got from Saudi Arabia and Russia that they intend to continue their current path,” said Vivek Dhar, a commodities analyst at Commonwealth Bank of Australia. “Market hopes of a deal have come undone.”

OPEC nations aren’t giving support to a request from the group’s president for emergency consultations over tanking prices, according to a delegate. Algeria, which holds the cartel’s rotating presidency, urged the secretariat this week to convene a panel that assesses market conditions but the request has failed to gather the majority backing necessary to go ahead. Riyadh is among those opposing the idea.

The world normally uses 100 million barrels of oil day, but traders and analysts reckon as much as a quarter of that has disappeared in just a few weeks. The accelerating plunge in consumption is without precedent since a steady flow of oil became essential to the global economy more than a century ago. The great crash of 1929, the twin oil shocks of the 1970s and the global financial crisis don’t come close.

Brent crude for May lost as much as $1.90 to $23.03 a barrel on the ICE Futures Europe exchange before trading at $23.54 at 9:54 a.m. Sydney time. West Texas Intermediate fell as much $1.59 to $19.92 a barrel on the New York Mercantile Exchange before trading at $20.29.


##https://www.bloomberg.com/news/articles/2020-03-29/oil-plummets-to-17-year-low-as-virus-threatens-demand-slump?srnd=premium-asia





^^^^^^^How much can go...go...go...!!!!!!!!

Fauci Says 200,000 Deaths in the U.S. Are Possible: Virus

UpdateBloomberg News

March 29, 2020, 5:44 AM GMT+8Updated on March 29, 2020, 10:18 PM GMT+8


U.S. coronavirus deaths could reach 200,000, National Institute of Allergy and Infectious Diseases Director Anthony Fauci said, calling the estimate “fluid.”

Spain had its deadliest day of the pandemic as the nation’s overloaded health-care system struggles to cope with almost 80,000 cases of Covid-19.



##https://www.bloomberg.com/news/articles/2020-03-28/nyc-quarantine-debated-italy-deaths-pass-10-000-virus-update?srnd=premium-asia

见好就收手✋

The Global Oil Market Is Broken, Drowning in Crude Nobody NeedsBy 

(March 29, 2020, 11:00 AM GMT+8)


~ Virus lockdowns have cut global oil consumptions by up to 25%

~ The world is fast running out of space to store excess crude



The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies.

Onshore tanks in many markets are full, forcing traders to store excess oil in idle supertankers. Refineries are starting to shut down because nobody needs the fuels they produce. In physical oil markets, barrels are already changing hands for less than $10, and in a few landlocked markets producers are paying consumers to take away their crude.

“The physical oil market has seized up,” said Gary Ross, an influential oil watcher and chief investment officer of Black Gold Investors LLC. “The logistics are struggling to cope because we are facing a catastrophic loss of demand.”

Oil traders say it’s likely to get worse this week.

The root cause is an accelerating plunge in consumption that’s without precedent since a steady flow of oil became essential to the global economy more than a century ago. The great crash of 1929, the twin oil shocks of the 1970s and the global financial crisis don’t come close. The world normally uses 100 million barrels of oil day, and traders and analysts reckon as much as a quarter of that has disappeared in just a few weeks.

The global airline industry is grounded, countless businesses and factories are shuttered and billions of people have been forced to stay home.

“Demand clearly is off, in some parts of the world, very dramatically,” Chevron CEO Mike Wirth told Bloomberg TV.

The immediate problem is a lack of storage in the right places. With demand running 20 million barrels a day below supply, the world won’t have enough tanks to store the surplus in two or three months. But the issue is even more pressing because global tank capacity, mostly concentrated in a few hubs like Rotterdam, the Caribbean and Singapore, isn’t available to every producer. For those without access to pipelines and ports, local storage will run out in days, traders and consultants say.

For those with access to the coast, one solution is to use the supertanker fleet as floating storage tanks, and that’s happening at an unprecedented rate. The CEO of the world’s largest tanker owner, Frontline Ltd., said on Friday that he’d never known such demand to hire ships for long-term storage. Traders could book ships to put 100 million barrels at sea this week alone, he estimated, but even that could accounts forless than a week’s oversupply.

In the U.S., one of the largest pipeline companies, Plains All American Pipeline LP, has asked oil producers to voluntarily cut output to avoid overwhelming the network that connects well heads to refineries through thousands of miles of pipelines.



##https://www.bloomberg.com/news/articles/2020-03-29/the-global-oil-market-is-broken-drowning-in-crude-nobody-needs?srnd=premium-asia

Waaa....Black Monday repeat again tomorrow !!!....

Seem like super duper bad impact on Saudi Arabia...UAE...Qatar.......

Oil-rich wealth funds seen shedding up to $225 billion in stocks
(PUBLISHED SUN, MAR 29 20205:37 AM EDT)

~ Oil producing governments are facing a financial double-whammy – falling revenues due to the spiraling oil price and rocketing spending as administrations rush out emergency budgets.

~ Around $100-$150 billion in stocks have likely been offloaded by oil-producer sovereign wealth funds, excluding Norway’s fund, in recent weeks, and a further $50-$75 billion will likely be sold in the coming months, according to JPMorgan.


Sovereign wealth funds from oil-producing countries mainly in the Middle East and Africa are on course to dump up to $225 billion in equities, a senior banker estimates, as plummeting oil prices and the coronavirus pandemic hit state finances.

The rapid spread of the virus has ravaged the global economy, sending markets into a tailspin and costing both oil and non-oil based sovereign wealth funds around $1 trillion in equity losses, according to JPMorgan strategist Nikolaos Panigirtzoglou.

His estimates are based on data from sovereign wealth funds and figures from the Sovereign Wealth Fund Institute, a research group.

Sticking with equity investments and risking more losses is not an option for some funds from oil producing nations. Their governments are facing a financial double-whammy – falling revenues due to the spiraling oil price and rocketing spending as administrations rush out emergency budgets.

Around $100-$150 billion in stocks have likely been offloaded by oil-producer sovereign wealth funds, excluding Norway’s fund, in recent weeks, Panigirtzoglou said, and a further $50-$75 billion will likely be sold in the coming months.

“It makes sense for sovereign funds to frontload their selling, as you don’t want to be selling your assets at a later stage when it is more likely to have distressed valuations,” he said.

Most oil-based funds are required to keep substantial cash-buffers in place in case a collapse in oil prices triggers a request from the government for funding.

A source at an oil-based sovereign fund said it had been gradually raising its liquidity position since oil prices began drifting lower from their most recent peak above $70 a barrel in October 2018.

In addition to the cash reserves, additional liquidity was typically drawn firstly from short-term money market instruments like treasury bills and then from passively invested equity as a last resort, the source said.

It’s generally a similar trend for other funds.

“Our investor flows broadly show more resilience than market pricing would suggest,” said Elliot Hentov, head of policy research at State Street Global Advisors. “There has been a shift toward cash since the crisis started, but it’s not a panic move but rather gradual.”

The sovereign fund source said the fund had made adjustments to its actively-managed equity investments due to the market rout, both to stem losses and position for the recovery, when it comes.

Exactly how much sovereign wealth funds invest and with whom remain undisclosed. Many don’t even report the value of the assets they manage.

On Thursday, the Norwegian sovereign wealth fund said it had lost $124 billion so far this year as equity markets sunk but its outgoing CEO Yngve Slyngstad said it would, at some point, start buying stocks to get its portfolio back to its target equity allocation of 70% from 65% currently.

Slyngstad also said that any fiscal spending by the government this year would be financed by selling bonds in its portfolio.

Defending the currency
State-backed, energy-rich funds account for a significant chunk of the roughly $8.40 trillion in total sovereign wealth assets, funds they’ve built up as a bulwark for when oil revenues dry up.

Sovereign funds have become major players on global stock markets, accounting for roughly 5-10% of total holdings, and an important source of income for Wall Street asset managers.

While they have been hit hard by the approximate 20% slide in global equity prices, the oil-based funds’ governments in Abu Dhabi, Kuwait, Qatar, Bahrain, Saudi Arabia, Nigeria and Angola have also seen their finances strained by a nearly two thirds drop in oil prices this year.

Gulf sovereign wealth funds could see their assets decline by $296 billion by the end of this year, according to Garbis Iradian, chief Middle East and North Africa economist at the Institute of International Finance (IIF).

Around $216 billion of that fall would be from stock market losses and a further $80 billion from drawdowns taken by cash-squeezed governments.

The central banks of Saudi Arabia, the United Arab Emirates and Qatar have offered a total $60 billion in stimulus, although expectations of tighter liquidity have already pressured Gulf currencies, pegged for decades to the U.S. dollar.


##https://www.cnbc.com/2020/03/29/oil-rich-wealth-funds-seen-shedding-upto-225-billion-in-stocks.html

Don't say up woo...

I worry got someone need cut something....(I forgot cut what lahh...who that fellow)....if KLCI up up up...

Main saham sampai kena cut something...langsung tak faham...

Zaman dahulu...1 jenis padi boleh bela 100 type of people....

Sekarang abad....100 jenis padi baru boleh bela 1000 type of people....

Sian lorrr....Super Sian lorrr...

No IDSS until 30/04/20...

No margin call until 30/09/20...

So how to catch the fall knight again !!!....

Long waiting...long waiting...long waiting..........

Sian lorrr....

No IDSS until 30/04/20...

No margin call until 30/09/20...

So how to catch the fall knight again !!!....

Long waiting...long waiting...long waiting..........

Sian lorrr....Super Sian lorrr...

No IDSS until 30/04/20...

No margin call until 30/09/20...

So how to catch the fall knight again !!!....

Long waiting...long waiting...long waiting..........

Sian lorrr....Super Sian lorrr...

No IDSS until 30/04/20...

No margin call until 30/09/20...

So how to catch the fall knight again !!!....

Long waiting...long waiting...long waiting..........

Sian lorrr....Super Sian lorr......

No IDSS until 30/04/20...

No margin call until 30/09/20...

So how to catch the fall knight again !!!....

Long waiting...long waiting...long waiting.........

Sian lorrr....Super Sian...

No IDSS until 30/04/20...

No margin call until 30/09/20...

So how to catch the fall knight again !!!....

Long waiting...long waiting......................

Sian lorrr....Super Sian

No IDSS until 30/04/20...

No margin call until 30/09/20...

So how to catch the fall knight again !!!....

Long waiting...long waiting.......................

Sian lorrr....Super Sian...

No IDSS until 30/04/20...

No margin call until 30/09/20...

So how to catch the fall knight again !!!....

Sian lorrr....Super Sian...

No IDSS until 30/04/20...

No margin call until 30/09/20...

So how to catch the fall knight again !!!....

Sian lorrr....Super Sian...

No IDSS until 30/04/20...

No margin call until 30/09/20...

So how to catch the fall knight again !!!....

Long waiting liao.....

Sian lorrr....Super Sian....

No IDSS until 30/04/20...

No margin call until 30/09/20...

So how to catch the fall knight again !!!....

Long waiting liao.....

Sian lorrr....

No IDSS until 30/04/20...

No margin call until 30/03/20...

So how to catch the fall knight again !!!....

This author also can guide us how to reshuffle our life journey...


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".....!!!!!!

Another Successor Master, how to survive during turbulence season...

“I look at every business and ask, How long can this last? How can I identify the status quo and change it?” – Sheldon Adelson

Another World Respect & Admire Master also highlighted.... 


“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffett

I still recall when journalist had interviewed Sunway Group Tan Sri Dr.Jeffrey Cheah, had highlighted " Not only always work for the best but also always learn from the best"....

Lai...lai...lai....

Come & guess...Monday how much can drop for KLCI???....

I guess until 1297 & slightly rebound back above 1300...

Whole day ding dong range 1305 ~ 1315 between...

Kesian...kesian...kesian... 

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 loved 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".....!!!!!!

Kesian...kesian...kesian... 

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 loved 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".....!!!!!!

Kesian...kesian...kesian... 

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 loved 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".....!!!!!!

Kesian...kesian...kesian... 

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 loved 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".....!!!!!!

Kesian...kesian...kesian...

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 loved 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".....!!!!!!

Simple only...

When company got fund then buy back own company share for future purpose....

Either distribute to existing shareholder or cancel it....

Why cancel it?? because the number of share shall be reduced, so EPS shall be increased....(the rest more technical, no need to talk lahh...)

But this number of share very very little only lahhh....


Posted by Gala Kat > Mar 28, 2020 3:08 PM | Report Abuse

Hi guys, what's the meaning of Genting ' cancelled ' 21, 520 shares..?TQ.

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

Orang tua tak greedy...

Long waiting to enter......

0.450...

0.400...

0.350...

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

Orang tua tak greedy...

Long waiting to enter....

0.400..

0.375...

0.350...

0.325...

0.300...

0.275...

0.250...

I hope BIG Taikor here can talk more negative...comment more negative...

So let it down down down more.....

If not adik ini tak ada chance nak kutip untuk bersara.....

Please.....Please...Please....

Bagi chance adik sini lahhh........

Adik sudah tunggu 22 tahun........

You think " 1 hayat ada berapa 22 tahun boleh tunggu lagi lehhh"....

Diversify...diversify...diversify...no matter consumer sector...banking sector...construction sector...or property sector....

If good management with proven records + dividend payout consistent...

This counter also not bad (at least now Mah Sing divert more on mass market)....

My personal stocks pick....SP Setia...SimeProp...Mah Sing...Ecoworld...

If this counter can come down coming soon around 0.310 & below, no harm to pick up some for long term.....kekeke.....

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

Orang tua tak greedy...

Sudah 2 kali miss out your boat...(hopefully can give adik a chance naik your boat)

18.00...

17.50...

17.00...

16.50...

16.00...

15.50...

15.00...

14.50...

14.00...

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

Orang tua tak greedy...

Long waiting to hold you....(Next week is your turn)

2.50...

2.25...

2.00...

1.75...

1.50...

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

Orang tua tak greedy...

Long waiting to reload further....(holding right now @ 0.275)

0.275...(tambah lagi & upgrade from previous entry level)

0.250...

0.225...

0.200...

0.175...

0.150...

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

Orang tua tak greedy...

Long waiting to reload further....(holding right now @ 0.125)

0.120...

0.115...

0.110...

0.105...

0.100...

0.095...

0.090...