Probability is a measure of 'likeliness' that an event will occur - there are no 100% certainty.
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2020-04-25 21:50 | Report Abuse
reason could be:
- we have developed many clusters from the mosque attendees earlier...
- foreign workers living in groups hidden everywhere..
- late control/restriction at the international airport unlike Australia...
- Sabah sarawak having huge flux of foreigners...and illegals..
2020-04-25 15:58 | Report Abuse
Dyson has said the medical ventilator it developed to help treat patients with Covid-19 is no longer required.
It began developing a device in response to a government appeal for firms to take part in a national effort to increase the number of ventilators.
But in a note to staff, founder Sir James Dyson said that demand for ventilators had been less than first envisaged.
2020-04-19 19:45 | Report Abuse
Genius Alex...check my blog made on 4th April...more importantly on what i wrote on the comments section... this one sure win
but sifu KC say dont listen to tips..if you lose money please forgive and forget me permanently...kiki
2020-04-19 19:30 | Report Abuse
most likely the margin finance made the 50% gain become like 100% and shrink to 10% due to its amplifying effect
2020-04-19 19:28 | Report Abuse
i concur with gohkimhock ...only 90% of the profit gone...
uncle made 10% profit in a year!
2020-04-19 18:23 | Report Abuse
@888next, thank you so much. Very kind of you to take the time and guide all of us here
2020-04-18 22:03 | Report Abuse
Basically what they are saying is, Remdesivir if used early upon infection, it completely halts progression to critical stage/point of no return
If used early, its completely effective
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2020-04-18 21:59 | Report Abuse
https://www.nih.gov/news-events/news-releases/antiviral-remdesivir-prevents-disease-progression-monkeys-covid-19
Antiviral remdesivir prevents disease progression in monkeys with COVID-19
Study supports clinical testing under way across U.S.
What
Early treatment with the experimental antiviral drug remdesivir significantly reduced clinical disease and damage to the lungs of rhesus macaques infected with SARS-CoV-2, the coronavirus that causes COVID-19, according to National Institutes of Health scientists.
The study was designed to follow dosing and treatment procedures used for hospitalized COVID-19 patients being administered remdesivir in a large, multi-center, clinical trial led by NIH’s National Institute of Allergy and Infectious Diseases (NIAID). The scientists posted the work(link is external) on the preprint server bioRxiv. The findings are not yet peer-reviewed and should not be considered clinical advice, but are being shared to assist the public health response to COVID-19. A study detailing the development of the rhesus macaque model of mild- to-moderate human disease, conducted by the same team of NIAID scientists, was posted to bioRxiv(link is external) on March 21.
The current study of remdesivir, a drug developed by Gilead Sciences Inc. and NIAID-supported investigators, involved two groups of six rhesus macaques. One group of monkeys received remdesivir and the other animals served as an untreated comparison group. Scientists infected both groups with SARS-CoV-2. Twelve hours later the treatment group received a dose of remdesivir intravenously, and then received a daily intravenous booster dose thereafter for the next six days. The scientists timed the initial treatment to occur shortly before the virus reached its highest level in the animals’ lungs.
Twelve hours after the initial treatment, the scientists examined all animals and found the six treated animals in significantly better health than the untreated group, a trend that continued during the seven-day study. They report that one of the six treated animals showed mild breathing difficulty, whereas all six of the untreated animals showed rapid and difficult breathing. The amount of virus found in the lungs was significantly lower in the treatment group compared to the untreated group, and SARS-CoV-2 caused less damage to the lungs in treated animals than in untreated animals.
The investigators note that the data supports initiating remdesivir treatment in COVID-19 patients as early as possible to achieve maximum treatment effect. The authors, from NIAID’s Rocky Mountain Laboratories in Hamilton, Montana, also note that while remdesivir helped prevent pneumonia, it did not reduce virus shedding by the animals. “This finding is of great significance for patient management, where a clinical improvement should not be interpreted as a lack of infectiousness,” they write.
2020-04-18 21:52 | Report Abuse
what will likely happen is that remdesivir will be combined with some physical aid like intense oxygen ventilator to reduce the fatality rate zero..
2 or 3 magic bullets combined will kill the virus
2020-04-18 21:44 | Report Abuse
remember HIV came from ape to humans...and ape shares 96% identical genes with humans
almost like the difference between men and women..lol!
2020-04-18 21:43 | Report Abuse
furthermore almost all the fatal cases in malaysia had prior existing health problems
2020-04-18 21:32 | Report Abuse
while the media keep talking about vaccines 18 months away....DJIA keep going up..recovered from 18,000 to 24,300 and now we have news suddenly saying experimental drugs curing people with Covid 19
2020-04-18 20:41 | Report Abuse
qqq3 is definitely a super spreader..and mutates rapidly!
just like desa..became stockmanmy..qq3..etc
2020-04-18 19:54 | Report Abuse
@888next, if you use the initial FY20 forecast revenue of MYR 320M, what was the expected gross/net margin we can expect on average for these business mix of Notion excluding the covid-19 effects?
I am interested on these just to know what happens to Notion if covid 19 in a turn of event becomes highly controlled and subsides rapidly.
2020-04-18 15:45 | Report Abuse
a president talk like this?
2020-04-17 08:48 | Report Abuse
2020-04-16 21:10 | Report Abuse
full of substance...precise, clear and convincing....powerful cili padi article!
unlike sifu Rcky Yeo and Jon Choivo...
2020-04-16 11:04 | Report Abuse
in other words,
with the commitment from Petronas that they are maintaining the capex targeted for 2020 of 28 billion... nothing has changed to Dayang except for the MCO earlier which would reduced some level of service activity.
lets hope malaysia will get covid 19 under control much earlier than expected to avoid any supply chain constraint
2020-04-16 10:54 | Report Abuse
reduction of oil output inline with OPEC does not necessarily involve shutting down rigs, it can be easily done by operating each rig with a reduced throughput.
shutting down and demobilizing work force and restarting again would be more costlier option and its not flexible
this effectively means the same level of of rigs and thus the same level of operation and maintenance activity while supporting OPEC mandate
2020-04-16 10:41 | Report Abuse
Petronas' cash position to remain net in next four years: Fitch
https://www.nst.com.my/business/2020/04/584489/petronas-cash-position-remain-net-next-four-years-fitch
Petronas had readily available cash of RM123 billion against total debt of around RM55 billion at end-2019, the rating agency said.
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further the daily recovery rate of covid is higher than new cases in Malaysia..
2020-04-14 22:29 | Report Abuse
Karim acquired 750,000 shares
2020-04-14 22:16 | Report Abuse
From the Horse's mouth: Capex is maintained for 2020
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Malaysia's Petronas warns of project delays, aims to keep local capex
APRIL 13, 2020
https://www.reuters.com/article/health-coronavirus-malaysia-petronas/malaysias-petronas-warns-of-project-delays-aims-to-keep-local-capex-idUSL3N2C12MW
KUALA LUMPUR, April 13 (Reuters) - Malaysian state energy giant Petronas said the risks of delays to some of its projects were rising due to prolonged coronavirus-related lockdowns around the world.
Petronas, which operates in more than 20 countries including Brazil and the United States, said in an email that it would try to maintain its domestic spending for this year.
The company forecast 2020 domestic capital expenditure of 26 billion ringgit ($6 billion) to 28 billion ringgit, higher than last year. (Reporting by Krishna N. Das; Editing by Alexander Smith)
2020-04-14 22:14 | Report Abuse
From the Horse's mouth: Capex is maintained for 2020
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Malaysia's Petronas warns of project delays, aims to keep local capex
APRIL 13, 2020
https://www.reuters.com/article/health-coronavirus-malaysia-petronas/malaysias-petronas-warns-of-project-delays-aims-to-keep-local-capex-idUSL3N2C12MW
KUALA LUMPUR, April 13 (Reuters) - Malaysian state energy giant Petronas said the risks of delays to some of its projects were rising due to prolonged coronavirus-related lockdowns around the world.
Petronas, which operates in more than 20 countries including Brazil and the United States, said in an email that it would try to maintain its domestic spending for this year.
The company forecast 2020 domestic capital expenditure of 26 billion ringgit ($6 billion) to 28 billion ringgit, higher than last year. (Reporting by Krishna N. Das; Editing by Alexander Smith)
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like i had mentioned earlier, its not the oil price that is the concern but lockdown or MCO was the constraint. Now slowly things will open up..
2020-04-14 22:13 | Report Abuse
From the Horse's mouth: Capex is maintained for 2020
............................................
Malaysia's Petronas warns of project delays, aims to keep local capex
APRIL 13, 2020
https://www.reuters.com/article/health-coronavirus-malaysia-petronas/malaysias-petronas-warns-of-project-delays-aims-to-keep-local-capex-idUSL3N2C12MW
KUALA LUMPUR, April 13 (Reuters) - Malaysian state energy giant Petronas said the risks of delays to some of its projects were rising due to prolonged coronavirus-related lockdowns around the world.
Petronas, which operates in more than 20 countries including Brazil and the United States, said in an email that it would try to maintain its domestic spending for this year.
The company forecast 2020 domestic capital expenditure of 26 billion ringgit ($6 billion) to 28 billion ringgit, higher than last year. (Reporting by Krishna N. Das; Editing by Alexander Smith)
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like i had mentioned earlier, its not the oil price that is the concern but lockdown to MCO was the constraint. Now slowly things will open up..
2020-04-14 22:11 | Report Abuse
From the Horse's mouth: Capex is maintained for 2020
............................................
Malaysia's Petronas warns of project delays, aims to keep local capex
APRIL 13, 2020
https://www.reuters.com/article/health-coronavirus-malaysia-petronas/malaysias-petronas-warns-of-project-delays-aims-to-keep-local-capex-idUSL3N2C12MW
KUALA LUMPUR, April 13 (Reuters) - Malaysian state energy giant Petronas said the risks of delays to some of its projects were rising due to prolonged coronavirus-related lockdowns around the world.
Petronas, which operates in more than 20 countries including Brazil and the United States, said in an email that it would try to maintain its domestic spending for this year.
The company forecast 2020 domestic capital expenditure of 26 billion ringgit ($6 billion) to 28 billion ringgit, higher than last year. (Reporting by Krishna N. Das; Editing by Alexander Smith)
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like i had mentioned earlier, its not the oil price that is the concern but lockdown to MCO was the constraint. Now slowly things will open up..
2020-04-14 14:05 | Report Abuse
With the expected surge in decommissioning work by Petronas alone (MYR 6 billion over 3 years) which is MYR 2b /year a 20% market share means MYR 400 M per annum for Dayang.
2020-04-14 14:02 | Report Abuse
O&G decommissioning works in big demand
Wednesday, 03 Jul 2019
https://www.thestar.com.my/business/business-news/2019/07/03/og-decommissioning-works-in-big-demand
PETALING JAYA: As more oil and gas (O&G) fields in Malaysia and the region approach the end of their lifespan, the demand for decommissioning works is set to surge.
The value of decommissioning contracts in the region, over the next three years, is expected to reach up to RM6bil, according to estimates by industry players.
UOB Kay Hian Research analyst Kong Ho Meng said while there have not been any large tenders awarded by Petroliam Nasional Bhd (Petronas), it expected contracts to be rolled out from next year.
In Malaysia, he said, about 11% or about 35 of the over 300 platforms have been operating for over 40 years, and more than 200 wells have already been identified to be plugged and abandoned.
Decommissioning is a rapidly developing sub-segment in the O&G sector, which refers to works to safely dismantle and remove wells and platforms to prevent environmental damage.
The growing requirement for decommissioning works relates to the commitment from oil majors to reduce their impact to the environment via late-life asset management.
There are two key services for decommissioning – well abandonment services and upstream facilities dismantling.
In its 2019-2021 activity outlook, Petronas noted the requirement for 50, 40 and 60 well abandonment for the local fields in 2019, 2020 and 2021, as well as the need for the dismantling of several platforms or facilities.
“Activities are expected to intensify as considerable assets have been operating beyond 40 years,” Petronas said in the report.
According to UOB Kay Hian, other indirect beneficiaries from well abandonment works are DAYANG ENTERPRISE HOLDINGS BHD, Petra Energy Bhd, Icon Offshore Bhd, Perdana Petroleum Bhd and DELEUM BHD.
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Kong, in the report, added that major offshore commissioning players like Dayang Enterprise and Petra Energy were also looking at opportunities in the decommissioning space.
2020-04-14 13:55 | Report Abuse
there is a reason why OPEC cut the throughput by 20% slightly lesser than 'current' demand reduction of 30%...
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the demand presently is expected to shoot up by May...as transportation has to work (at least for Food & basic necessity movement) and some countries will open up business like how Malaysia is doing presently..
we will start seeing more cars on the road
further, once oil production is cut, they cannot bring back to production immediately when the demand picks up..that will cause a price spike too high..
and lastly, Dayang does not depend on oil price at all when the price is still profitable for petronas to operate..
2020-04-14 12:06 | Report Abuse
Dayang's cash flow before working capital changes was MYR 511 Million for 2019.
Thats half of the current market cap.
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what happens if petronas did not change any of their HUC & MCM activity due to the current oil price?
I was more concern on MCO earlier on Dayang (not the oil price)...but Malaysia seems to be doing pretty well so far on containing the virus spread.
2020-04-14 12:00 | Report Abuse
The cash tale of two contracting companies of Sendai and Dayang kcchongnz
Author: kcchongnz | Publish date: Sun, 12 May 2019
https://klse.i3investor.com/blogs/kcchongnz/2019-05-12-story206052-The_cash_tale_of_two_contracting_companies_of_Sendai_and_Dayang_kcchongnz.jsp
Cash flows of Dayang
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Since listing, Dayang only suffered a loss in just one year, that was last year in 2017. However, the loss was besides reduced work orders, to a large extent the high depreciation costs, impairment of property plant and equipment, and high unrealized foreign exchange loss during the period. Even then, its cash flows remained healthy, with positive cash flows from operations (CFFO) and free cash flows (FCF) as the losses were mainly non-cash items. Table 2 in the Appendix shows the cash flows of Dayang over the last few years.
Dayang has had positive CFFO all the years. Even after spending for capital expenses, it still has FCF left behind. Over the last 5 years, total cash inflows from operations were RM1.4 billion and FCF of RM1.2 billion. Average FCF a year for the 5 years was RM237m, or 25 sen a share.
Owing to the excellent FCF over the years, Dayang has been gradually reducing its debt burden from the FCFs through the years. As a result, net borrowing of Dayang has reduced steadily from RM1.5 billion in 2015 to RM821 million in 2018. Net gearing ratio has reduced substantially from 1.25 to 0.73 which is below one now. Coupled with good cash flows, there appears to be no issue on the present gearing and its ability to pay debt.
2020-04-14 11:59 | Report Abuse
Don’t listen to stock tips kcchongnz
Author: kcchongnz | Publish date: Mon, 13 Apr 2020,
https://klse.i3investor.com/blogs/kcchongnz/2020-04-13-story-h1505955007-Don_t_listen_to_stock_tips_kcchongnz.jsp
Hot tip Dayang Enterprise
Dayang has been promoted relentlessly with tens of articles in i3investor, stating that if you don’t buy Dayang, and with margin, you have to examine your record to see why you are so poor. The great promotion started when it was selling at less than RM1.00. After that it reported a quarter of losses, and its share price tanked to below 60 sen. If an investor had paid attention to this tip, he whould have looked at its financial performance and would have found something different from what the public perceived. The losses were mainly due to impairment of plant and equipment. However, its core operation, although suffered accounting losses, had made very good cash flows, and even good free cash flows. In fact, Dayang has had positive free cash flows for all the years, even when the oil price was at its low of US20+ per barrel in 2015. Here is a link explaining that.
https://klse.i3investor.com/blogs/kcchongnz/2019-05-12-story206052-The_cash_tale_of_two_contracting_companies_of_Sendai_and_Dayang_kcchongnz.jsp
With articles and articles of promotion, the share price of Dayang was chased up to RM3.00 per share in just a couple of months ago. Those who held Dayang were told to continue buying, and with margin, as its profit growth seems to have no limit, and they were told that they are stupid fools for selling this up-trending stock. One who have done some valuation would have sensed that the normalized earnings does not justify the rich valuation, and there is no margin of safety holding the stock at this price, and profit should have taken.
The rest is history.
2020-04-14 11:57 | Report Abuse
exactly enning22, there is a reason why OPEC cut the throughput by 20% slightly lesser than 'current' demand reduction of 30%...
the demand presently is expected to shoot up by May...as transportation has to work (at least for Food & basic necessity movement) and some countries will open up business like how Malaysia is doing presently..
we will start seeing more cars on the road
further, once oil production is cut, they cannot bring back to production immediately when the demand picks up..that will cause a price spike too high..
and lastly, Dayang does not depend on oil price at all when the price is still profitable for petronas to operate..
Posted by enning22 > Apr 14, 2020 11:42 AM | Report Abuse
it did not drop to 1rm or below,simply because opec and russia had agreed to cut daily production,that providing the support., and also America about to open the economy by month end, oil consumption soon to pick up.
2020-04-14 11:51 | Report Abuse
exactly enning22, there is a reason why OPEC cut the throughput by 20% slightly lesser than 'current' demand reduction of 30%...
the demand presently is expected to shoot up by May...as transportation has to work (at least for Food & basic necessity movement) and some countries will open up business like how Malaysia is doing presently..
we will start seeing more cars on the road
further, once oil production is cut, they cannot bring back to production immediately when the demand picks up..that will cause a price spike too high..
and lastly, Dayang does not depend on oil price at all when the price is still profitable for petronas to operate..
Posted by enning22 > Apr 14, 2020 11:42 AM | Report Abuse
it did not drop to 1rm or below,simply because opec and russia had agreed to cut daily production,that providing the support., and also America about to open the economy by month end, oil consumption soon to pick up.
2020-04-13 00:48 | Report Abuse
they cannot cut production to match present decline in demand as when the demand rises they cant raise on the spot....it takes a lot of time for starting up...
in process control you call that overshoot on corrective action
2020-04-12 21:44 | Report Abuse
Top Oil Producers To Meet Via Video Conference Sunday: Source
April 12, 2020
https://www.barrons.com/news/top-oil-producers-to-meet-via-video-conference-sunday-source-01586697903
The world's top oil-producing countries will meet via video conference at 1600 GMT Sunday, a source close to OPEC said, as they try to address plummeting crude prices due to the coronavirus crisis.
2020-04-12 21:43 | Report Abuse
Opec+ to hold urgent meeting today to finalise deal
Published date: 12 April 2020
https://www.argusmedia.com/en/news/2095589-opec-to-hold-urgent-meeting-today-to-finalise-deal
Opec and non-Opec producers will hold an emergency video conference tonight to finalise a landmark two-year output restraint plan that was drafted late last week, according to four Opec sources.
Documents seen by Argus show that the group will meet at 18:00 Vienna time.
The meeting comes after Opec and its allies — known collectively as Opec+ — reached a conditional agreement in the early hours of 10 April to take a headline 10mn b/d off the market in May and June, moderating to 8mn b/d in the second half of the year and 6mn b/d in 2021 and early 2022.
The deal remained subject to approval from non-Opec producer Mexico, which rejected its 400,000 b/d share of the cut over the initial May-June period.
An emergency meeting of energy ministers of the G20 group of major economies ended later that day without delivering a concrete pledge on output reduction from countries outside the Opec+ group, or a resolution to the Mexico issue.
Also on 10 April, Mexican president Andres Manuel Lopez Obrador had said that the US agreed to help his country with its Opec+ commitment by cutting output on its behalf. Under this plan, Mexico would reduce its output by 100,000 b/d, while the US would lower its production by 250,000 b/d — which US president Donald Trump said was already being lost as a result of organic output declines due to the recent collapse in oil prices.
An Opec+ delegate on 11 April said that no breakdown of Mexico's cut obligations was discussed during the Opec+ meeting. Another Opec+ delegate today said that Mexico has yet to agree to the 400,000 b/d cut commitment, but that an agreement was still viable to finalise.
Saudi state-owned Aramco is unlikely to release its official May formula prices until Opec and allied producers have completed talks over their two-year output restraint plan, according to a source close to the matter.
2020-04-12 19:02 | Report Abuse
https://www.thestar.com.my/business/business-news/2019/12/24/malaysia-spot-crude-premiums-hit-multi-year-high
Separately, ConocoPhillips has sold a 600,000-barrel Kimanis cargo loading on Feb 17-Feb 21 to an Australian end user at a premium of above US$9 a barrel to dated Brent, the sources said.
Premium of US$9 a barrel against Brent
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earlier the oil was having less than US$5 a barrel premium in 2018.
these will have significant boost on profitability of Petronas (free US$4 per barrel on bottom line)
Its Capex for the Hook-up and construction falls under capex...and it would not affect the profitability of Petronas. Thus, the current reduction on throughput would barely change its capex decisions unless its really running out of cash.
2020-04-12 18:30 | Report Abuse
you think petronas spends billions just for fun?
It derives revenue of 270 billion with MYR 52 Billion profit per annum
Meaning its COGS ~ 200 billion per annum
It will never compromise on aspects related to environment (decommissioning) and safety (maintenance) just to save 1-2 billion.
2020-04-12 18:20 | Report Abuse
@kancil4848...do you know about hengyuan business...do you actually know the meaning of 'crack spread'?
@gsi723, thanks for pointing out that info from pg 56 - even i missed that information
2020-04-12 17:51 | Report Abuse
Ok noted Philip. Thanks
2020-04-12 17:46 | Report Abuse
In summary:
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20% oil throughput reduction by Petronas inline with OPEC beginning May will result with MYR 1 Billion revenue/yr for Dayang.
With the expected surge in decommissioning work by Petronas alone (MYR 6 billion over 3 years) which is MYR 2b /year a 20% market share means MYR 400 M per annum for Dayang.
For regionally, even if it captures 1% of the MYR 42b/year thats additional MYR 400m/yr
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This means a total potential revenue of MYR 1.8 billion per annum with a permanent 20% oil throughput reduction by Petronas.
Blog: What Covid-19 is showing the world
2020-04-26 11:41 | Report Abuse
If one study the billions of people who are poor in the world, they are constantly working much harder than ever before from our ancestors ...even just to have the basic primitive life we humans used to have before the capitalism economy was invented.
All we need is basic food which almost all of them can be grown from fertile land from bare hands from the physical energy we have...like our ancestors did with barter system under agricultural village life...
and yet you will have plenty of time with your family and kids with an excellent health.
Look at these people who had everything, but capitalism tricks them to sacrifice needlessly:
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Why Are Millions of Chinese Kids Parenting Themselves?
https://www.youtube.com/watch?v=gG9YHMcLK2Q