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

Orang tua tak greedy...

Long waiting to reload further....(holding right now @ 0.786)

0.700...(low a bit from previous entry level)

0.650...

0.600...

0.550...

0.500...

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

Orang tua tak greedy...

Long waiting to reload further....(holding right now @ 0.840)

0.790...(upgrade from previous entry level)

0.740...

0.690...

0.640...

0.590...

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

Orang tua tak greedy...

Long waiting to reload further....(holding right now @ 9.95)

9.00...(upgrade from previous entry level)

8.50...

8.00...

7.50...

7.00...

6.50...

6.00...

5.50...

5.00...

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

Orang tua tak greedy...

Long waiting to reload further....(holding right now @ 1.55)

1.50...(upgrade from previous entry level)

1.40...

1.30...

1.20...

1.10...

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

Orang tua tak greedy...

Long waiting to reload further....(holding right now @ 3.06)

2.95...(upgrade from previous entry level)

2.85...

2.75...

2.65...

2.55...

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

Orang tua tak greedy...

Long waiting to reload further....(holding right now @ 1.88)

1.78...

1.68...

1.58...

1.48...

1.38...

The new rules for finding love in a pandemic


##https://www.cnbc.com/2020/03/26/the-new-rules-for-finding-love-in-a-pandemic.html

During current unprecedented virus outbreak...

Condom must become necessity to protect yourself....

The World Could Be Running Out of Condoms Because of Pandemic

(March 28, 2020, 8:00 AM GMT+8)

The world’s biggest maker of condoms warned of a global shortage as supply falls by almost 50% while its stockpile is set to last for just another two months.

Malaysia-based Karex Bhd., which makes one out of every five condoms worldwide, only restarted its factories on Friday after a week-long closure, working with just half its workforce to comply with a lockdown that the country imposed to contain the spread of the coronavirus. The company said condoms are mainly made in China and India, which are both heavily impacted by the pandemic.

Meanwhile, demand is growing at “double digits” as governments around the world issue stay-at-home notices and many people abstain from having children due to the uncertain future, said Goh Miah Kiat, group chief executive officer at Karex.

The company produces for brands like Durex as well as its own line of specialty condoms such as Durian-flavored ones. It churns out more than 5 billion condoms a year and exports them to more than 140 countries. That has become more challenging as governments shut borders and airlines cancel flights.

“I would definitely say this is an unprecedented stage, we have never seen such a disruption,” Goh said in an interview on Friday.

Condoms could also get much more expensive, he warned. “We are still paying all our workers full salaries but workers only come in half the time so generally there will be a cost increase,” he said.


##https://www.bloomberg.com/news/articles/2020-03-28/the-world-could-be-running-out-of-condoms-because-of-pandemic

After I look at this new...

I was thinking, since MCO or lockdown by all over the world...

Condom is it become necessary or necessity ???

U.K.’s Credit Rating Cut Because of All the Money It’s Spending to Fight the VirusBy (March 28, 2020, 5:23 AM GMT+8)

Britain had its credit ranking downgraded by Fitch Ratings, which cited the weakening of public finances caused by the impact of the Covid-19 outbreak.

The ratings company also pointed to the uncertainty regarding the post-Brexit trade relationship with the European Union in cutting the U.K. rating to AA- from AA. The outlook is negative.

“The downgrade reflects a significant weakening of the U.K.’s public finances caused by the impact of the Covid-19 outbreak and a fiscal loosening stance that was instigated before the scale of the crisis became apparent,” Fitch said. “The downgrade also reflects the deep near-term damage to the U.K. economy caused by the coronavirus outbreak and the lingering uncertainty regarding the post-Brexit U.K.-EU trade relationship.”

The economic devastation being wrought by the coronavirus pandemic has blown apart the relatively benign fiscal projections made just a few weeks ago. Fitch now estimates the U.K. economy could contract by close to 4% this year, followed by growth of around 3% in 2021, though there is “material downside risk” to the forecast.

Britain was on course for a budget deficit of 55 billion pounds ($68 billion) in the fiscal year starting April 1. Now, according to Bloomberg Economics, borrowing could reach 160 billion pounds, or more than 7% of gross domestic product, and drive up already elevated levels of government debt.

The dramatic shift reflects the cost of direct government support to the prop up the economy, plus the loss of tax revenue and increased social spending that accompanies a rapidly shrinking economy.

The downgrade comes little more than three months after Fitch improved its assessment of the British economy after Boris Johnson’s emphatic election victory removed the immediate uncertainty over Brexit.



##https://www.bloomberg.com/news/articles/2020-03-27/u-k-rating-cut-to-aa-by-fitch-amid-spending-to-fight-covid-19?srnd=premium-asia

“It’s amazing to me that people are so bullish when virus cases are accelerating and economic growth is deteriorating,” said Richard Bernstein, CEO Richard Bernstein Advisors. “I could see it if cases peaked out, and the economy is troughing.”



^^^^ I like this fellow comments........

Really amazing....&....miracle..........

Haa...Haa...

So far I only spend about 1/3 funds invested on long term share holdings....

Long waiting @ 1060....

Sure will come bohhh........

I already long waiting for the past 22 years lorrr.......

You think "1 hayat ada berapa 22 tahun tunggu lehh"..........



##https://klse.i3investor.com/servlets/forum/905952080.jsp

What could be ‘shocker’ economic reports may test stocks in week ahead

(PUBLISHED FRI, MAR 27 20205:26 PM EDTUPDATED 4 HOURS AGO)

~ Stocks are expected to remain volatile in the week ahead as fresh data on employment and manufacturing will show the impact of the early weeks of the coronavirus shutdown.

~ Market pros have been debating whether a bottom was established this past week after stocks bounced about 20% off their lows, and now some are watching for a retest of those levels.


Everything from auto sales to manufacturing surveys and employment data in the coming week will likely paint a bleak picture of how much the first weeks of the coronavirus shutdown have already hit the economy.

Market turbulence is expected to remain high, though volatile moves in the past week were largely to the upside. The S&P 500, by Thursday, had soared 20% intraday off its Monday low, before giving up some gains Friday. For the week, the S&P 500 was up 10.3% at 2,541.

The market’s rip higher ignited a debate about whether stocks have now bottomed, and that discussion will carry on into the week ahead. Some major investors like billionaire investor Leon Cooperman and BlackRock’s Rick Rieder believe stocks may have hit their lows. Other strategists say the market needs to see a retest before a bottom can be called.

“It’s amazing to me that people are so bullish when virus cases are accelerating and economic growth is deteriorating,” said Richard Bernstein, CEO Richard Bernstein Advisors. “I could see it if cases peaked out, and the economy is troughing.”

It’s the economy

In the coming week, the big number to watch could again be Thursday’s weekly jobless claims, up a record 3.2 million for the week ended March 21, as the shutdown of stores, restaurants, and other businesses across the country resulted in immediate layoffs.

Economists expect several million more claims to be filed for the past week, and they are looking at that new claims report as potentially more important than Friday’s March employment report. The survey week for the March jobs report was ahead of some of the major shutdowns by the states most impacted by the virus. Economists expect nonfarm payrolls to drop by 56,000 in March, according to Dow Jones.

Other data could show some of the early signs of an economy brought to a standstill. There are auto sales and ISM manufacturing releases on Wednesday, both March reports. Service sector data will be released Friday.

Market focus will be more intensely focused on the economic data, shifting from the $2 trillion aid bill, signed by President Donald Trump on Friday. Economists expect the economy already may be in a slowdown and that it should trough with a double-digit decline in the nation’s gross domestic product in the second quarter.

Vehicle sales will be reported Wednesday, and sales are expected to have come to a near standstill even though shuttered dealerships continue trying to deliver autos to buyers.

For “car sales, I would think the drop would be more precipitous,” said Diane Swonk, chief economist at Grant Thornton. “They shut down in every major market. Even though they’re offering deliveries and all that stuff, it’s going to be a shocker ... large double digit decline.”

Auto sales were at an annualized pace of 16.8 million in February, and some economists say the number in March could be closer to 12 million.

Congress passed a $2 trillion aid package to help put cash in the hands of workers and companies, so they can weather the effects of a shutdown.

Separately, the Fed has delivered a massive amount of monetary stimulus that has helped ease up some of the problems in illiquid credit and even the Treasury market. It has been buying Treasury and mortgage-backed securities at a record pace of $70 billion a day, and markets are focused on when the Fed will alter the size of its purchases, which are open-ended.

“This week, plus last week was more than $600 billion. It’s monumental.” said Michael Schumacher, director, rates at Wells Fargo. The Fed said it was reducing the purchases to $60 billion a day, which is the amount it had been buying in a one-month period.

Stimulus one-two punch
The double-barreled boost to markets from the Fed’s policy and the prospect of the fiscal spending package helped fire up the mid-week rally in stocks.

“Even though the market, from the intraday low on March 23 through the intraday high on March 26, soared more than 20%, which to many is the definition of a new bull market, this low must be sustained before a new bull market can be crowned,” said Sam Stovall, chief investment strategist at CFRA. “We’ve got to maintain this recent low, in my opinion, for another six months before we can call this another bull market.”


##https://www.cnbc.com/2020/03/27/what-could-be-shocker-economic-reports-may-test-stocks-in-week-ahead.html

IMF chief Georgieva says the world is in a recession, containment will dictate strength of recovery

(PUBLISHED FRI, MAR 27 202011:41 AM EDTUPDATED 29 MIN AGO)


~ International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks to COVID-19.

~ “We should not go ... with small measures now when we know that it is a gigantic crisis,” she said. “We’ve never seen the world economy standing still.”

~ “The length and depth of this recession depend on two things: Containing the virus and having an effective, coordinated response to the crisis,” she added.


International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks to COVID-19, but that she’s heartened to see world leaders finally realizing that only coordinated effort will be able to stem the spread of the novel coronavirus.

“We have stated that the world is now in recession and that the length and depth of this recession depend on two things: Containing the virus and having an effective, coordinated response to the crisis,” she told CNBC’s Sara Eisen. 

“I’m very encouraged by what I see now. I see much clearer understanding [among global leaders] that if we don’t beat it everywhere we won’t be able to get out of it,” she added.

“We should not go ... with small measures now when we know that it is a gigantic crisis,” she said minutes later. “We’ve never seen the world economy standing still. Now we [do]. How we go about revitalizing it is another important topic.”

The IMF has taken extraordinary measures in recent weeks to help combat the economic toll COVID-19, and efforts to contain its spread, has had on economies around the globe.

On March 16 the international body said it “stands ready” to use its $1 trillion lending capacity to help countries around the world that are struggling with the humanitarian and economic impact of the novel coronavirus.

Georgieva wrote at the time that such support could be used to aid its members, especially emerging and developing countries. The IMF’s Catastrophe Containment and Relief Trust “can help the poorest countries with immediate debt relief, which will free up vital resources for health spending, containment, and mitigation.”



##https://www.cnbc.com/2020/03/27/imf-chief-georgieva-says-the-world-is-in-a-recession-containment-will-dictate-strength-of-recovery.html

Coming week, global markets definitely will be facing vulnerable & volatility movement......

Despite KLCI remains selling pressure but most of the valuable counters very high chance unable to reach back last 2 week low prices.....

KLCI will be retest immediate support @ 1263 level...

But Strong support shall fall @ 1241 level...

Trump says the US and China are ‘working closely together’ in fight against the coronavirus (PUBLISHED FRI, MAR 27 20201:49 AM EDTUPDATED 13 MIN AGO)

China and the U.S. aim to work more closely together in light of the spread of the coronavirus, leaders of both countries said in a phone call Friday Beijing time.

U.S. President Donald Trump said in a tweet that he spoke with his Chinese counterpart Xi Jinping “in great detail” about the COVID-19 pandemic, which has so far killed more than 24,000 people globally.

“China has been through much & has developed a strong understanding of the virus,” Trump said on Twitter. “We are working closely together. Much respect!”

The phone conversation followed a video conference meeting of G-20 leaders during which Xi gave a speech calling for greater international cooperation.

In the call with Trump, Xi said that U.S.-China relations are at a critical juncture, and hoped the U.S. would make substantial action in improving the relationship, according to a Chinese-language state media report translated by CNBC.

“The Chinese side is willing to continue to provide information and experience with the U.S. without reservation,” the report of Xi’s comments said.

The Chinese state media report of the call noted Trump said China’s experience gave him “great inspiration.”


##https://www.cnbc.com/2020/03/27/donald-trump-speaks-to-chinas-xi-jinping-on-coronavirus.html

1st surpassed - 3.37 (passed 2 days ago)

2nd surpassed - 3.66 (today passed)

3rd surpass - 3.89 (intermediate resistance level)

4th surpass - 4.12 (strong resistance level)

subsequent......!!!!!!

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

Today started to bet 1st round....0.80...(revised entry target price)

Long waiting que....

0.750...

0.700...

0.650...

0.600...

0.550..

0.500...

Today having special announcement by PM.......

KLCI very high chance break 1355 today........

Most likely afternoon very high chance break 2.05....

Towards 2.09 / 2.10 today..............

What I expected KLCI.....towards 1354 today...

(I already told you @ 25/03/20).......chun or not chun you judge....




Posted by Keyman188 > Mar 25, 2020 5:08 PM | Report Abuse X

Purposely shy behind 1325 little bit to reserve for tomorrow....

KLCI just closed @ 1324.50...Wakakaka...Wakakaka.....

Tomorrow see you @ 1340....Friday see you @ 1354...........

Today don't expect limit up or near limit up...

Strong resistance level @ 1.30 / 1.31 today....

Keep it lorrr......for long term investors......

Today towards @ 1.21 lvl....

Test resistance @ 1.30 lvl...

Bursa Malaysia relaxes margin financing rules to ease forced selling pressure on market

(theedgemarkets.com / March 26, 2020 20:22 pm +08)


KUALA LUMPUR (March 26): Bursa Malaysia Securities Bhd has announced the temporary relaxation of margin financing rules to ease the pressure of forced selling on the market, amid the virus-driven equity rout.

“Due to uncertainties in the global as well as local market arising from the COVID-19 outbreak, selling pressures have impacted the share prices, resulting in forced selling pressure to many counters and affecting investors, especially those with margin accounts.

"In view of the above, and as part of the market management measures, the exchange will facilitate Participating Organisations (POs) to accord the appropriate flexibilities to their clients and also to manage the POs’ credit risks. The measures are aimed at mitigating the forced selling pressure on the market, as well as safeguarding investors’ interest in respect to those who have pledged their shares for financing," the exchange regulator said in a circular to POs this evening.

These flexibilities may also allow investors to provide other types of collateral for purposes of margin financing, as may be necessary, it said.

To facilitate these measures, it has temporarily modified the relevant provisions of the Rules and Directives of Bursa Malaysia.

In particular, Rule 7.30(12) - which dictates that the PO must liquidate the client’s margin account in the event that the equity in the account falls below 130% of the outstanding balance - has been modified to remove the mandatory liquidation requirement. So, the PO now has the discretion to decide whether to liquidate the margin account or otherwise, in accordance with its credit policy.

As such, the provision in Rule 7.30(14), which states that no further margin financing can be extended following the events stated in the rule above, has been waived for consistency.

Besides that, it is no longer mandatory for a PO to request for additional margin, and to impose haircuts on any collateral and securities purchased and carried in margin accounts upon the occurrence of: i) unusual rapid changes in value of the securities, ii) the non-existence of an active market for the securities, iii) suspension of the securities from trading, or, iv) no possibility of immediate liquidation for the securities.

“A PO will instead have the discretion to decide whether to request such additional margin or impose a haircut, in accordance with its credit policy,” it said. This is a modification to Rule 7.30(19).

The bourse also modified a paragraph which requires the assignment of zero value to all other types of collateral. Instead, a PO must now refer to its credit policy in assigning a value to other types of collateral, including bonds, collective investment schemes, unit trusts, gold and immovable properties.

The waiver and modification of these rulings will take effect tomorrow (March 27) until Sept 30, 2020.

The bourse also took note of the extended Movement Control Order (MCO) and encouraged all POs, which provide counter service to their clients and customers, to limit their respective counter service hours to between 10am to 3pm during business days.



##https://www.theedgemarkets.com/article/bursa-malaysia-relaxes-margin-financing-rules-ease-forced-selling-pressure-market

Ya...ya...Ya...

Really sadness 1st because long waiting 0.740..0.640...0.540...0.440...

But

Really excited later because bet @ 0.840 on 24/03 & 25/03......

Don't wake up me....

Until can see 2.80 & above....

Don't wake up me....

Unless can see 0.740 & below...

Senate passes $2 trillion coronavirus stimulus package, sending it to the House (PUBLISHED WED, MAR 25 202011:31 PM EDTUPDATED 11 MIN AGO)

~ The Senate passes a $2 trillion economic relief package to respond to the coronavirus pandemic.

~ It now heads to the House, which hopes to approve it by Friday.

~ The legislation, approved as waves of layoffs hit workers and hospitals look for resources, may not be the last action Congress takes to help a reeling economy and health care system.


The Senate passed a historic $2 trillion coronavirus relief package Wednesday night, as it tries to stem the destruction the pandemic has brought to American lives and wallets.

The chamber approved the mammoth bill in a unanimous 96-0 vote after days of furious negotiations, partisan sniping and raised tempers on the Senate floor. The bill now heads to the House, which will push to pass it by voice vote Friday morning as most representatives are out of Washington.

“This is a proud moment for the United States Senate and for the country and we’re going to win this battle in the very near future,” Senate Majority Leader Mitch McConnell, R-Ky., told reporters after the vote.

The 880-page legislation includes direct payments to individuals, stronger unemployment insurance, loans and grants to businesses and more health care resources for hospitals, states and municipalities. It includes requirements that insurance providers cover preventive services for the coronavirus disease COVID-19.

The Senate rushed to pass the sweeping aid bill as data are expected to show a historic spike in unemployment claims after businesses across the country shuttered to try to slow the outbreak’s spread. Some hospitals have started to buckle under a flood of patients, asking for critical supplies such as masks and ventilators.

Coronavirus cases in the U.S. number more than 68,000, while deaths have now topped 1,000, according to data compiled by Johns Hopkins University.

The chamber approved the plan to combat the outbreak as the crisis started to thin its ranks. Sen. Rand Paul, R-Ky., did not vote after testing positive for COVID-19, and neither did GOP Sens. Mitt Romney and Mike Lee of Utah, both in isolation after contact with their colleague. Sen. John Thune, a South Dakota senator and second-ranking Republican, also missed the vote after feeling ill.

While the Senate took precautions Wednesday such as keeping votes open longer to reduce crowding, senators still huddled in groups and chatted.

Speaking before the chamber passed the bill, McConnell said the Senate would not return until April 20. However, he said lawmakers would be “nimble” as the evolving crisis could force further action to boost the American economy or health care system.

“If circumstances require the Senate to return for a vote sooner than April the 20th we will provide at least 24 hours of notice,” he said.

Before passing the bill, the Senate first rejected an amendment proposed by Sen. Ben Sasse, R-Neb., to cap unemployment insurance at a recipient’s previous wages. The bill adds $600 per week to the benefits a recipient would normally get for up to four months. Sasse’s amendment failed in a 48-48 vote.

The senator and three of his GOP colleagues threatened to delay passage of the legislation if they could not get a vote on an amendment. Sen. Bernie Sanders, I-Vt., then suggested he could hold up the bill’s approval if they did not back down from their opposition.

While the snag caused fears the bill would not pass, hitting U.S. stock indexes just before markets closed Wednesday, it ultimately did not stop the Senate from approving the proposal.

In a letter to colleagues Wednesday night, House Majority Leader Steny Hoyer said the chamber will convene at 9 a.m. Friday to consider the legislation. The Maryland Democrat said that “in order to protect the safety” of representatives and staff and “prevent the further spread of COVID-19,” he and House Minority Leader Kevin McCarthy, R-Calif., expect the House will take a voice vote.

“Members who want to come to the House Floor to debate this bill will be able to do so. In addition, we are working to ensure that those who are unable to return to Washington may express their views on this legislation remotely,” he wrote.

House approval would send the package to President Donald Trump’s desk. He has expressed support for the agreement his Treasury Secretary Steven Mnuchin negotiated with Senate Republicans and Democrats.

During a White House coronavirus briefing Wednesday, Trump said he would sign the legislation “immediately” after Congress passes it.


##https://www.cnbc.com/2020/03/25/senate-passes-2-trillion-coronavirus-stimulus-package.html

Towards limit up today.....

Seem like today very high chance break 0.955 lvl....

No more huge selling pressure in the short term period....

See you...KLCI @ 1354...1388...soon...........

Towards 1.02 ~ 1.05 soon.........

Wakakakak....Wakakaka.....Wakakaka.....

But....also too sad.....

Long waiting @ 0.740...0.640...0.540...0.440...

Human nature also hard to understand..........

Left brain happy....Right brain sadness............

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

I'm holding right now @ 3.06....

No plan to sell unless RM 9.00.....

No plan to sell unless Big Boss declares close shop...

No need talk 3 talk 4...

Long waiting que....

2.95...(just upgraded price)

2.75...

2.55...

2.35...

2.15...

Former Fed Chairman Ben Bernanke sees ‘very sharp’ recession, followed by ‘fairly quick’ rebound

(PUBLISHED WED, MAR 25 20208:51 AM EDTUPDATED 2 HOURS AGO)

~ Former Federal Reserve Chairman Ben Bernanke expressed optimism about the longer-term picture for the U.S. economy.

~ While the country is in for a “sharp, short” recession,” he sees a “fairly quick rebound” ahead.

~ Bernanke guided the Fed during the financial crisis and accompanying Great Recession.


Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy, predicting in a CNBC interview Wednesday that while the U.S. is facing an acute recession, it shouldn’t last.

“It is possible there’s going to be a very sharp, short, I hope short, recession in the next quarter because everything is shutting down of course,” he said on “Squawk Box.”

“If there’s not too much damage done to the workforce, to the businesses during the shutdown period, however long that may be, then we could see a fairly quick rebound.”

During the financial crisis that exploded in 2008, Bernanke guided the Fed through its efforts to save the economy. He was the first central bank chairman to pull its benchmark interest rate down to near zero, and the Bernanke Fed implemented a slew of programs that have been resurrected to deal with the current crisis.

While he guided the Fed through the financial crisis and accompanying Great Recession and is recognized authority on the Great Depression, he said the current situation bears only minor resemblance to those two periods.

“This is a very different animal from the Great Depression” which he said “came from human problems, monetary and financial shocks. This is has some of the same feel, some of the feel of panic, some of the feel of volatility that you’re talking about. It’s much closer to a major snowstorm or a natural disaster than a classic 1930′s-style depression.”

In fact, he said, the current situation is almost the opposite of the financial crisis, where problems in the banking system infected the broader economy. This time, issues in the broader economy brought on by the coronavirus are infecting the banks.

He stressed the important of getting the coronavirus itself under control so that policy can do its work.

“Nothing is going to work, the Fed is not going help, fiscal policy is not going to help if we don’t get the public health right, if we don’t solve the problem of the virus, of the infection, so making sure that the risk has declined sufficiently before put people back in the line of fire,” Bernanke said.

“So I think the public health is the most important one,” he added. “If we can get that straight, then we know how to get the economy working again. Monetary and fiscal policy can do their thing and we won’t have anything like the extended downturn we saw even, I don’t think, in the Great Recession, much less the Great Depression of the ’30s.”

Earlier Wednesday, St. Louis Fed President James Bullard expressed similar sentimentsabout the economy, telling CNBC he expects a big short-term hit but a strong rebound.

He praised the work being done by Chairman Jerome Powell and the rest of the current Fed.

The Powell Fed has pulled benchmark borrowing rates down to near-zero and implemented a slew of programs aimed at keeping liquidity flowing to the financial system and businesses.

“I think the Fed has been extremely proactive, and Jay Powell and his team have been working really hard and gotten ahead of this and shown they can set up a whole bunch of diverse programs that will help us keep the economy functioning during this shutdown period, so that when the all-clear is sounded, we will have a much better rebound than we otherwise would,” Bernanke said.



##https://www.cnbc.com/2020/03/25/former-fed-chairman-ben-bernanke-sees-very-sharp-recession-followed-by-fairly-quick-rebound.html

Purposely shy behind 1325 little bit to reserve for tomorrow....

KLCI just closed @ 1324.50...Wakakaka...Wakakaka.....

Tomorrow see you @ 1340....Friday see you @ 1354...........

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

Adik sudah tunggu lama...

I deserve the right to bet you @....

2.05...

1.90...

1.75...

1.60...

1.45...

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

Baru cincai tambah 0.84....

No need talk talk talk.......

Long waiting que...............

0.740...

0.640...

0.540...

0.440...

Too Late Now to Hedge Risks, $16 Billion Credit Manager Says

(March 25, 2020, 2:04 PM GMT+8)

If you didn’t already start hedging against the risk of a deep sell-off in credit markets last month, don’t bother now.

Ville Talasmaki, who helps manage about $16 billion of credit investments for Finnish financial group Sampo Oyj, says the warning signs had been plain for a while.

“There’s not much you can do to hedge yourself against the crisis anymore,” Talasmaki said by phone. “All the wise decisions should have been made in February and before that when you had all the warning signs and red flags waving in front of you.”

With panic setting in as the fallout of the coronavirus spreads, the market appears no longer to be functioning rationally. As a result, good-value corporate bonds have been being dumped indiscriminately, Talasmaki said.

For the risky end of the debt market -- high-yield bonds and leveraged loans -- “it’s brutal out there; overall, the picture is one in which “you’ve thrown out the baby with the bath water,” Talasmaki said.

Now, with historic stimulus packages unveiled by the European Central Bank and the Federal Reserve, there are signs that sentiment is improving. For higher rated credits in particular, the panic appears to have subsided.

“As long as the liquidity backstop by the ECB is credible, then the risk is low for this to become a full-blown risk or a catastrophe in Europe,” Talasmaki said.

The next step as an investor is to be ready to buy when the recovery sets in.

“History has taught us that the first investments after the crisis are the best ones,” Talasmaki said. “Ones where the issuer is forced to pay a higher price, a premium, for accessing the market.”


##https://www.bloomberg.com/news/articles/2020-03-25/too-late-now-to-hedge-risks-16-billion-credit-manager-says?srnd=premium-asia

White House and Senate strike a deal on coronavirus stimulus bill

(PUBLISHED TUE, MAR 24 20207:26 AM EDTUPDATED MOMENTS AGO)

~ The White House and Senate leaders reached a deal early Wednesday on a massive $2 trillion coronavirus stimulus bill to combat the economic impact of the outbreak, NBC News reports.

~ Treasury Secretary Steven Mnuchin agreed to enhanced oversight of a $500 billion bailout fund that Democrats had criticized, according to a senior administration official.

~ One of the key issues that had yet to be resolved is the terms of the airline aid and oversight that comes with it, two sources said.


The White House and Senate leaders reached a deal early Wednesday on a massive $2 trillion coronavirus stimulus bill to combat the economic impact of the outbreak, NBC News reports.

On Tuesday, leaders in both parties had said that they were closing in on an agreement. Multiple people familiar with the situation told CNBC that they were still close to a deal, although talks continued as they worked through the text and hashed out final details. Two of the people had cautioned that talks could spill into Wednesday morning.

One of the key issues was the terms of the airline aid and oversight that comes with it, two of the people said. Democrats have pushed for a number of stipulations along with aid to the industry, including longterm bans on stock buybacks, limits on executive compensation, commitments not to furlough workers and board representation.

Meantime, President Donald Trump stressed in a press conference Tuesday that the money the U.S. lends “will be coming back” to it. The airlines have pushed for half of their aid in grants, arguing debt from loans would be too onerous.

One of the sources said there continued to be questions around oversight of the $500 billion fund that Republicans have proposed to support distressed companies. Treasury Secretary Steven Mnuchin has said the Federal Reserve could leverage the loans in the fund to offer up to $4 trillion in financing. The mechanics, though, are still in question, said the source.

Democrats, still angry over the leeway banks got in the 2008 bank bailout, have argued the fund gives the Treasury too much discretion. One option being considered is a weekly check-in with companies borrowing from the fund, the source said.

Still, House Speaker Nancy Pelosi, D-Calif., Senate Minority Leader Chuck Schumer and National Economic Council Director Larry Kudlow all spoke optimistically about the fund Tuesday. They said there are plans to add more oversight to that fund, with the addition of an oversight board and an inspector general.

“It will be completely transparent,” Kudlow said at a coronavirus task force briefing Tuesday at the White House.

Schumer had earlier in the day indicated in a speech on the Senate floor the fund was a key focus for Democrats.

Still, the two parties have worked already worked through a number of disagreements.

For the Democrats, that includes securing more funding for hospitals, and a state and local stimulus fund as part of their “Marshall Plan.” Schumer touted on the Senate floor unemployment insurance on steroids, which promised beneficiaries insurance for four months.

A draft bill from early Tuesday afternoon has had language stipulating a $350 billion fund for small businesses to mitigate layoffs and support payroll.

It also offered cash payments of up to $1,200 for individuals, $2,400 for married couples and $500 per child. Those amounts are reduced if an individual makes more than $75,000 or a couple makes more than $150,000.

President Donald Trump, describing the proposal as a $2 trillion package, said Tuesday that “we are working to pass the biggest and boldest financial relief package in American history.”


##https://www.cnbc.com/2020/03/24/coronavirus-updates-congress-gets-closer-to-a-deal-on-massive-stimulus-bill.html

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

Cincai throw back below 0.800......

Adik cincai beli......

Long waiting....

0.840...(tambahan)

0.740...

0.640...

0.540...

0.440...

If strong support @ 1325 this few days...

No chance to go back 1220 & below............

KLCI easily surpassed 1325 just 15 min...

See today whether can touch another level...1354.....

DJIA...S&P500......Wild rebound & solid gain by more than 10%...

As I foresee...KLCI today will retest 1326 lvl.....

IF solid stand this level, next level will retest 1354 level.....

Dow Surges Most Since 1933 on Stimulus Deal Hopes: Markets Wrap

(March 24, 2020, 5:55 AM GMT+8 Updated on March 25, 2020, 4:22 AM GMT+8)

U.S. stocks had the best day in almost a dozen years as investors rediscovered their appetite for risk with Congress closing in on an unprecedented spending bill to prop up the slumping economy. The dollar halted a 10-day winning streak.

The S&P 500 rebounded from the lowest level since 2016, notching a third straight Tuesday turnaround -- and the biggest one-day gain since October 2008 -- after starting the week with a rout. The Dow Jones Industrial Average rose more than 11% to clock its biggest advance since 1933.

Lawmakers are negotiating the final sticking points in a roughly $2 trillion stimulus bill to help the U.S. economy get through the coronavirus pandemic, and House Speaker Nancy Pelosi said she was hopeful a deal could be reached today.

“U.S. equities are responding to the possibility of this gargantuan fiscal stimulus package and some certainty in the political situation,” Stephen Dover, head of equities at Franklin Templeton, said in a phone interview.

The Stoxx Europe 600 Index also surged, led by health-care and industrial companies, even as data began to show the extent of economic damage to the region from the coronavirus pandemic. Benchmarks across Asia jumped, with Korea’s index soaring almost 9% after the government announced measures to stabilize markets.

The dollar slumped against developed and emerging currencies alike, in a tentative sign of reduced stress after the greenback’s steepest appreciation since the global financial crisis and longest winning streak since 2012. European bonds tracked Treasuries lower.

About $26 trillion has evaporated from equity markets since mid-February, and investors have been left sifting the wreckage and weigh the chances of a lasting rebound. On the one hand, Wall Street has begun to argue that liquidations are nearing an end with real-money investors like pension funds ready to step in, and there are signs of improvement in some of world’s regions that were hardest-hit by the virus. On the other, the number of infections globally continues to accelerate and many of the largest economies are grinding to a halt.

Tuesday’s gain in risk assets follows an unprecedented move by the Federal Reserve to backstop large swaths of the financial system. Still, key gauges of U.S. manufacturing and services in March fell the most on record, suggesting the deep toll the pandemic has already taken.

“Sentiment has improved, but to call it a turning point is too strong a word for now,” said James McCormick, global head of desk strategy at NatWest Markets. “It is more of a tug-of-war. Policy bazooka is in place, but will be fighting against very weak data and still worrying trends on Covid-19 data. We are more neutral on risk assets now.”

Elsewhere, emerging-market stocks jumped alongside their currencies. Gold extended recent a recent surge and industrial metals rallied.


##https://www.bloomberg.com/news/articles/2020-03-23/asian-stocks-look-to-steady-dollar-gains-markets-wrap?srnd=premium-asia

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

No need talk downgraded or upgraded....

I am holding @ 1.55 right now.....

Long waiting to bet further.....

1.40...

1.25...

1.10...

0.95...

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

Today started 1st punch @ 0.840...

So waiting subsequent punches.....

0.740...

0.640...

0.540...

0.440...


Tak payah cakap banyak banyak.....adik ini tak pandai main saham, hanya cincai beli ikut fund managers saja...

Tomorrow KLCI retest 1326 level.....

Engine start again....................

Finally push back above 1300 pt....

Friday (20/03/20) - 1st round push back...

Tuesday (17/03/20) - 2nd round push back...

Today really no harmful push back above 1300....

This week can test few level....

1326

1354

1388.......

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

I know you very well....my dear old friend...

1st support you @ 0.250...

2nd support you @ 0.200...

3rd support you @ 0.150...

4th support you @ 0.100...

Final support you @ 0.05..........

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

Hand out of control, itchy again.....

1st punch @ 0.840....

2nd punch @ 0.740...

3rd punch @ 0.640...

4th punch @ 0.540...

Final punch @ 0.440....