Dow futures point to opening surge of 900 points after Trump floats payroll tax cut
PUBLISHED MON, MAR 9 2020 6:01 PM EDT
UPDATED AN HOUR AGO
Yun Li
@YUNLI626
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Stock futures rose early Tuesday morning after the S&P 500's worst day since the financial crisis.
10/03/2020 2:37 PM

Oil price futures and dow Jones futures up.
Tomorrow will be another uptrend

Go go ARMADA go.
Oil price rose
Dow Jones futures rose too.

Oil price moving up consistently

WTI Crude 33.37 +2.24 +7.2%(10 Minutes Delay)
Brent Crude 36.99 +2.63 +7.65%

https://oilprice.com/Energy/Oil-Prices/Trump-Prepares-Aid-Package-To-Relieve-US-Oil-Producers.html

Trump Prepares Aid Package To Relieve U.S. Oil Producers
By Julianne Geiger - Mar 09, 2020, 7:00 PM CDT
The Trump Administration will review solutions to the pain felt by US oil producers as oil prices fall to multi-year lows on Monday,

Dow futures point to opening surge of 900 points after Trump floats payroll tax cut
PUBLISHED MON, MAR 9 2020 6:01 PM EDT
UPDATED AN HOUR AGO
Yun Li
@YUNLI626
SHARE

Stock futures rose early Tuesday morning after the S&P 500's worst day since the financial crisis.

WTI Crude 33.52 +2.39 +7.68%
Brent Crude 37.21 +2.85 +8.29%

Dow Jones Futures Today
Dow Jones futures spiked 2.55% vs. fair value. During the coronavirus stock market correction, Dow Jones futures have been volatile. S&P 500 futures climbed 2.5%. Nasdaq 100 futures rallied 2.8%. Crude oil futures jumped, but only reclaimed a fraction of Monday's massive losse

The U.S. stock market is set for a higher open on Tuesday as Dow futures rallied overnight.

WTI Crude 33.43 +2.30 +7.39%
Brent Crude 36.94 +2.58 +7.51%

Buy!!!

WTI Crude 33.33 +2.20 +7.07%
Brent Crude 36.95 +2.59 +7.54%

WTI Crude 33.30 +2.17 +6.97%
Brent Crude 36.94 +2.58 +7.51%

Oil price is rising, after recover some yesterday

Warriors88 WTI Crude 33.02 +1.89 +6.07%
Brent Crude 36.78 +2.42 +7.04%
10/03/2020 11:45 AM
X
Warriors88 WTI Crude 33.12 +1.99 +6.39%
Brent Crude 36.85 +2.49 +7.25%
10/03/2020 11:47 AM
X
Warriors88 WTI Crude 33.17 +2.04 +6.55%
Brent Crude 36.89 +2.53 +7.36%
10/03/2020 11:50 AM
X

Warriors88 WTI Crude 33.21 +2.08 +6.68%
Brent Crude 36.93 +2.57 +7.48%
10/03/2020 11:57 AM

WTI Crude 33.21 +2.08 +6.68%
Brent Crude 36.93 +2.57 +7.48%

Oil prices continue to rise.

WTI Crude 33.17 +2.04 +6.55%
Brent Crude 36.89 +2.53 +7.36%

WTI Crude 33.12 +1.99 +6.39%
Brent Crude 36.85 +2.49 +7.25%

WTI Crude 33.02 +1.89 +6.07%
Brent Crude 36.78 +2.42 +7.04%

Trump Today
Trump pins market drop on oil-price fight, ‘fake news,’ with advisers set to present coronavirus response options
84
Published: March 9, 2020 at 2:34 p.m. ET
By Robert Schroeder
Paid sick leave, emergency aid for small businesses under consideration

President Donald Trump is blaming Saudi Arabia and Russia’s dispute over oil prices, plus what he called “fake news,” for steep stock-market losses. Getty
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President Donald Trump on Monday blamed the dispute between Saudi Arabia and Russia over oil prices, plus what he called “fake news,” for steep stock-market losses, as he was set to be briefed on policy options for responding to the coronavirus.

https://www.marketwatch.com/story/trump-pins-market-drop-on-oil-price-fight-fake-news-with-advisers-set-to-present-coronavirus-response-options-2020-03-09

https://www.facebook.com/153080620724/posts/10164174867575725/

With the fall in stock prices and the emerging Corona Virus crisis, US President Donald Trump, on Twitter, has blamed Saudi Arabia and Russia for the sharp drop in oil prices.

And Trump considered in a Tweet on Twitter that the reason for the decline in the global energy market is due to the dispute between Saudi Arabia and Russia over oil prices and what he described as "false news."

But for another 20% gain

WTI Crude 33.06 +1.93 +6.20%
Brent Crude 36.85 +2.49 +7.25%

Oil price continues to rise

WTI Crude 32.99 +1.86 +5.97%
Brent Crude 36.74 +2.38 +6.93%

https://www.forexlive.com/news/!/wti-crude-oil-rises-into-the-gap-20200309

WTI Crude 32.87 +1.74 +5.59%
Brent Crude 36.62 +2.26 +6.58%

WTI Crude 32.41 +1.34 +4.30%
Brent Crude 35.92 +1.56 +4.54%

Buy ARMADA for the rebound

Dow futures rise more than 300 points, erase 400-point loss after Trump floats payroll tax cut
PUBLISHED MON, MAR 9 20206:01 PM EDTUPDATED AN HOUR AGO

https://www.cnbc.com/2020/03/09/dow-futures-fall-200-points-following-markets-worst-day-since-financial-crisis.html

Dow futures gain ground after worst one-day point drop in history
By Clare Duffy, CNN Business

Updated 2328 GMT (0728 HKT) March 9, 2020

https://www.cnn.com/2020/03/09/investing/dow-futures-coronavirus-oil/index.html

Oil price up

https://oilprice.com/oil-price-charts

This article first appeared in The Edge Financial Daily, on March 5, 2020.


-A+A
Oil and gas sector
Maintain overweight: The results for the fourth quarter of financial year 2019 (4QFY19) of the seven oil and gas (O&G) companies under our coverage were more volatile as only two of them — Petronas Gas Bhd and Serba Dinamik Holdings Bhd — came in line with expectations compared to five for the full FY19. Three of the companies — MISC Bhd, Sapura Energy Bhd and Velesto Energy Bhd — disappointed expectations versus two outperformers — Bumi Armada Bhd and Dialog Group Bhd.

While MISC enjoyed higher tanker petroleum rates, the margin improvement failed to meet street’s more ambitious estimates. Velesto Energy, which registered a surprisingly strong 3QFY19 net profit from a rig utilisation of 92%, registered lower-than-expected 4QFY19 earnings due to two rigs undergoing zero-rated maintenance activities.

Sapura Energy continued to register losses from minimal early-cycle fabrication margins derived from the huge central processing platform jobs for Sarawak’s Pegaga and India’s KG-DWN 98/2 NELP blocks amid crude oil price declines.

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Even though Bumi Armada had to provide impairments for its legal case against Woodside Energy Julimar Pty Ltd and vessels, the group’s core earnings exceeded consensus largely from the substantively higher margin improvement from its floating production storage and offloading vessel Armada Kraken, which has achieved a satisfactory operating efficiency of over 90%.

Additionally, Dialog Group enjoyed impressive overseas job growth together with expanded plant turnaround and maintenance revenues from Petroliam Nasional Bhd’s (Petronas) five-year master service agreement.

While the impact of the Covid-19 epidemic is still uncertain at this stage, Brent crude oil price has fallen almost 10% since the beginning of the year to just above US$52 per barrel currently. This signals the potential dampening of global oil demand as US oil inventories have risen by 3% year to date to 443 million barrels.

Nevertheless, we maintain our 2020-21 crude oil forecast of US$60-65 per barrel for now with Opec and its partners looking at raising their production quota reduction of 2.1 million barrels this year, with the Joint Technical Committee of the Opec+ group recommending additional cuts of at least 600,000 barrels per day. We maintain “overweight” on the sector as order flow prospects remain bright at this stage with rising asset utilisation globally. — AmInvestment Bank, March 4

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ISKANDAR WATERFRONT CITY BERHAD ("IWCITY" OR "THE COMPANY") - JOINT VENTURE ; AND - LAND DISPOSAL
ISKANDAR WATERFRONT CITY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description ISKANDAR WATERFRONT CITY BERHAD ("IWCITY" OR "THE COMPANY")
- JOINT VENTURE ; AND
- LAND DISPOSAL
- ESTABLISHMENT OF A JOINT VENTURE WITH GREENLAND MALAYSIA REAL ESTATE OPERATOR SDN BHD (“GMSB”) (“JOINT VENTURE”)



- DISPOSAL OF THREE (3) PIECES OF LAND MEASURING IN AGGREGATE APPROXIMATELY 127.92 ACRES HELD BY TEBRAU BAY SDN BHD (“TBSB”), A WHOLLY OWNED SUBSIDIARY OF IWCITY, LOCATED IN MUKIM PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR, TO GREENLAND TEBRAU SDN BHD (“GTSB”) FOR A CASH CONSIDERATION OF RM2,373,079,016 (“DISPOSAL CONSIDERATION”) (“LAND DISPOSAL”)



(Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the Announcements.)



Reference is made to the announcements dated 5 May 2017, 14 July 2017, 19 July 2017, 28 August 2017, 23 January 2018 and 23 November 2018 (“Announcements”),



The Board of Directors of IWCity wishes to announce that TBSB had entered into a Second Supplemental Agreement with GTSB in relation to the Land Disposal ("2nd Supplemental Agreement") to vary, modify, supplement and amend certain terms and conditions of the Disposal SPA.



Pursuant thereof, the sale & purchase of Lot 1-A is deemed fully paid and completed upon execution of the 2nd Supplemental Agreement.



Please refer to the attached announcement for further details.

Perdana Menteri Muhyiddin Yassin hari ini mengadakan pertemuan dengan pegawai-pegawai tertinggi daripada Kementerian Perdagangan Antarabangsa dan Industri (MITI) di Putrajaya.

Pertemuan itu bagi mendapatkan maklumat mengenai perkembangan sektor perdagangan antarabangsa dan pelaburan asing dalam negara.

Kementerian itu dahulunya diterajui anggota parlimen Penampang Darell Leiking sebelum keraajaan Pakatan Harapan (PH) tumbang minggu lalu.

Berdasarkan hantaran di laman Facebook rasmi Muhyiddin, pertemuan itu melibatkan ketua setiausaha dan pegawai-pegawai atasan kementerian berkenaan.


“KSU MITI juga menerangkan tentang status terkini penganjuran sidang Apec (Sidang Kemuncak Kerjasama Ekonomi Asia Pasifik) di mana Malaysia akan menjadi tuan rumah pada bulan November tahun ini,” menurut hantaran berkenaan.

Muhyididn juga pernah berkhidmat sebagai menteri MITI pada 2008 hingga 2009 bawah pentadbiran perdana menteri kelima Abdullah Ahmad Badawi semasa pemerintahan BN.

Perdana Menteri Muhyiddin Yassin hari ini mengadakan pertemuan dengan pegawai-pegawai tertinggi daripada Kementerian Perdagangan Antarabangsa dan Industri (MITI) di Putrajaya. Pertemuan itu bagi mendapatkan maklumat mengenai perkembangan sektor perdagangan antarabangsa dan pelaburan asing dalam negara. Kementerian itu dahulunya diterajui anggota parlimen Penampang Darell Leiking sebelum keraajaan Pakatan Harapan (PH) tumbang minggu lalu. Berdasarkan hantaran di laman Facebook rasmi Muhyiddin, pertemuan itu melibatkan ketua setiausaha dan pegawai-pegawai atasan kementerian berkenaan. “KSU MITI juga menerangkan tentang status terkini penganjuran sidang Apec (Sidang Kemuncak Kerjasama Ekonomi Asia Pasifik) di mana Malaysia akan menjadi tuan rumah pada bulan November tahun ini,” menurut hantaran berkenaan. Muhyididn juga pernah berkhidmat sebagai menteri MITI pada 2008 hingga 2009 bawah pentadbiran perdana menteri kelima Abdullah Ahmad Badawi semasa pemerintahan BN.

Perdana Menteri Muhyiddin Yassin hari ini mengadakan pertemuan dengan pegawai-pegawai tertinggi daripada Kementerian Perdagangan Antarabangsa dan Industri (MITI) di Putrajaya.

Pertemuan itu bagi mendapatkan maklumat mengenai perkembangan sektor perdagangan antarabangsa dan pelaburan asing dalam negara.

Kementerian itu dahulunya diterajui anggota parlimen Penampang Darell Leiking sebelum keraajaan Pakatan Harapan (PH) tumbang minggu lalu.

Berdasarkan hantaran di laman Facebook rasmi Muhyiddin, pertemuan itu melibatkan ketua setiausaha dan pegawai-pegawai atasan kementerian berkenaan.


“KSU MITI juga menerangkan tentang status terkini penganjuran sidang Apec (Sidang Kemuncak Kerjasama Ekonomi Asia Pasifik) di mana Malaysia akan menjadi tuan rumah pada bulan November tahun ini,” menurut hantaran berkenaan.

Muhyididn juga pernah berkhidmat sebagai menteri MITI pada 2008 hingga 2009 bawah pentadbiran perdana menteri kelima Abdullah Ahmad Badawi semasa pemerintahan BN.

Perdana Menteri Muhyiddin Yassin hari ini mengadakan pertemuan dengan pegawai-pegawai tertinggi daripada Kementerian Perdagangan Antarabangsa dan Industri (MITI) di Putrajaya. Pertemuan itu bagi mendapatkan maklumat mengenai perkembangan sektor perdagangan antarabangsa dan pelaburan asing dalam negara. Kementerian itu dahulunya diterajui anggota parlimen Penampang Darell Leiking sebelum keraajaan Pakatan Harapan (PH) tumbang minggu lalu. Berdasarkan hantaran di laman Facebook rasmi Muhyiddin, pertemuan itu melibatkan ketua setiausaha dan pegawai-pegawai atasan kementerian berkenaan. “KSU MITI juga menerangkan tentang status terkini penganjuran sidang Apec (Sidang Kemuncak Kerjasama Ekonomi Asia Pasifik) di mana Malaysia akan menjadi tuan rumah pada bulan November tahun ini,” menurut hantaran berkenaan. Muhyididn juga pernah berkhidmat sebagai menteri MITI pada 2008 hingga 2009 bawah pentadbiran perdana menteri kelima Abdullah Ahmad Badawi semasa pemerintahan BN.

https://www.malaysiakini.com/news/513335?utm_source=dlvr.it&utm_medium=facebook

Even though Bumi Armada had to provide impairments for its legal case against Woodside Energy Julimar Pty Ltd and vessels, the group’s core earnings exceeded consensus largely from the substantively higher margin improvement from its floating production storage and offloading vessel Armada Kraken, which has achieved a satisfactory operating efficiency of over 90%.

WTI Crude 47.37 +0.59 +1.26%
Brent Crude 51.85 +0.72 +1.41%

Its order book remains healthy at RM17.5 billion (FPO: RM16.6 billion, OMS: RM900,000) with another RM9.8 billion worth of potential extension. This will sustain the group’s revenue for the next few years.

https://www.theedgemarkets.com/article/healthy-order-book-expected-sustain-bumi-armadas-revenue

Armada has lots of talents in board of directors