I oredi onli half living, now no eye see !

Take lots of spices.

What spices, please ?

Turmeric ?

Garlic ?

Cayenne pepper ?

Cinnamon ?

union ?

Even a single blow can be fatal !

Take vitamin c ?

The coronavirus COVID-19 is affecting 183 countries and territories around the world and 1 international conveyance (the Diamond Princess cruise ship harbored in Yokohama, Japan).

Covid-19 almost oredi conquered our whole world !

No one had ever done that before !

Among the big three economies, the U.S. and the euro area will see negative growth, while Chinese growth is expected to come in at a paltry 1.5%,” said Ethan Harris, head of global economics at BofA.

BENGALURU (Mar 20): The global economy is already in a recession as the hit to economic activity from the coronavirus pandemic has become more widespread, according to economists polled by Reuters amid a raft of central bank stimulus actions this week.

Source : PUBLIC BANK

Stock : TOPGLOV Price Target : 8.60 |

Price Call : BUY

Last Price : 6.27 | Upside/Downside : +2.33 (37.16%)

Affin Hwang Capital reiterates ‘buy’ on Top Glove, raises target price to RM7.50

KUALA LUMPUR (March 20): Standard Chartered has cut its 2020 forecast for Malaysia's gross domestic product (GDP) growth to 2.5% from 4.2% as the demand outlook worsens more than expected.

It expects global growth to fall to 1.3 per cent in 2020 from 2.7 per cent in 2019, which would be weaker than global downturns in the early 1990s and in 2001.

”But even on this basis we now expect eurozone growth to be minus 0.4 per cent this year. The baseline forecast for US growth is one per cent in 2020 compared with a pre-virus outlook of two per cent and GDP is expected to fall by 0.5 per cent (or two per cent annualised) in 2Q20.“

The firm has nearly halved its baseline global growth forecast for 2020 to just 1.3 per cent from 2.5 per cent in the December 2019 GEO.

How much moni WB still got ?

U think your pray at home can k.o. covid-19 ? so esi meh ?

I oredi threw in my towel, oredi got k.o. by covid-19 !

I am now reali an utmost POOR kampong kid caused by our killer Bursa !

Tolong exercise patience. Terima kasih.

As at 6pm, the ringgit was quoted at 4.4080/4120 compared with yesterday’s close of 4.3737/3844.

The ringgit has reached its lowest level since April 2017, and the local note is expected to decline even further as oil prices continue to remain under US$30 (RM132) per barrel, global equities continue to plunge and emerging market currencies remain under pressure due to falling demand.

Coming soon. Buy.

KUALA LUMPUR (March 19): The Malaysian Rubber Glove Manufacturers Association (MARGMA) is urging the Government to allow glove manufacturers to run at full capacity during the Movement Control Order (MCO) period compared with the current 50 percent operating load.

Its president Denis Low said the glove industry is currently running at 50 percent capacity as requested by the Government.

“The Government has requested that we use 50 percent of our workforce (during the MCO); as such, 50 percent production capacity will be lost.

Low said MARGMA members have received requests from 190 countries for more gloves to be supplied and even the governments of many countries have pleaded for more gloves.

(March 19): Foreign investors dumped Asian bonds in February on mounting fears over the economic damage done by the coronavirus pandemic on regional countries.

Foreigners sold a net US$3.88 billion worth of regional bonds last month, their largest net selling since April 2018, according to data from regional banks and bond market associations in Indonesia, Malaysia, Thailand, South Korea and India.

“I’d say the market is uninvestable at this point,” said Daniel Cuthbertson, managing director at Value Point Asset Management in Sydney. “Until we get a containment of global contractions, the market is just going to be directionless.”

J.P. Morgan economists forecast the U.S. economy to shrink 14% in the next quarter, and the Chinese economy to drop more than 40% in the current one, one of the most dire calls yet as to the scale of the fallout.

https://www.theedgemarkets.com/article/cash-king-emergency-stimulus-fails-stop-market-panic-0

KUALA LUMPUR (March 19): Bank Negara Malaysia (BNM) has announced a 100-basis-point cut in the statutory reserve ratio (SRR) from 3% to 2%, effective March 20.

Can the above cut bring back sunny days back to our Bursa ?

Opinion - now just alpha mkt crash onli.

Buy

Fear is only natural. But when there is a stampede for the door, the right course of action is to urge for calm and assure that the door will not be shut. Already, fear of trading suspension is exacerbating selling.

This is why The Edge disagrees with calls for the government to immediately suspend trading on Bursa Malaysia.

Yes, there will be selling ⁠— knee-jerk or otherwise ⁠— but the market also needs to be open for longer-term investors who have the staying power to buy and wait for the market uptick.

There are already circuit breakers to allow investors time to digest the situation. This mechanism can be enhanced, should the situation warrant it.

But the message that Bursa Malaysia remains open for business must ring loud and clear for all investors, who have the right to access their own assets, cash or shares.

Investors who are in the stock market should know that prices can go up and down. Those who cannot take the losses should not have been in there the first place. This may well be an expensive lesson, but all is not lost if one learns from the experience.

There is good reason none of the mature markets have shut their doors, despite even steeper losses, and Malaysia would do well to follow that example.

Shutting the door now will only see the rush for the door when it reopens – and by then, those rushing out will not just be the ones who want to leave now but also those who would have stayed.

The Philippines Stock Exchange (PSE) Index plunged 24% when trading resumed today after a two-day shutdown following steep losses. Obviously the shutdown did not achieve the intended calm.

On the Covid-19 outbreak, Top Glove said it has seen its sales order book double, on strong orders from the West on top of the initial growth in sales order from Asia.

The group also anticipates that the declaration of the Covid-19 outbreak as a pandemic by the World Health Organisation (WHO) on March 12, 2020, will eventually result in the healthcare and other sectors requiring more medical supplies such as gloves and other essential items.

https://www.theedgemarkets.com/article/top-glove-2q-profit-9-expects-solid-quarters-ahead

Glove counters - BUY

Got any case - suspension of stk mkt can prevent the collapse of stk mkt when open after suspension ?

If the whole world lockdown, the whole world economy will become the biggest economic pile of debris !

Italy oredi got lockdown n yet covid-19 still spread like wild fire during the lockdown !

MANILA, March 19 — Philippine shares plunged by nearly 25 per cent on Thursday only moments after the Manila stock exchange resumed trade following a two-day trading suspension prompted by the coronavirus pandemic.

ochai is correct.

Datuk Seri, Please keep your big mouth SHUT about shutting down our Bursa !

By Farah Adilla - March 18, 2020 @ 6:30pm

KUALA LUMPUR: The Malaysian Rubber Glove Manufacturers Association (Margma) has given the assurance to the World Health Organization (WHO) that Malaysia will continuously supply medical gloves to combat Covid-19 barring any circumstances beyond its control.

Margma president Denis Low Jau Foo said the Malaysian National Security Council too realised the importance of rubber gloves as a protective medical device.

Low said the glove industry has made representation to the government and is optimistic to get a positive feedback for the industry to operate.

Malaysia is exporting medical gloves to 190 countries, or 65 per cent of the world’s requirement of about 225 billion pieces this year.

“This is mainly due to the fact that medical gloves is a critical protective device and we have an obligation to meet the world’s requirement.

“It is our duty to ensure that there will be a continuous supply even though demand has now outstripped supply in a big way.

“We will continue to ramp up capacity and tweak the hours to produce more gloves to the world,” he told The New Straits Times today.

On Tuesday, Margma has issued a statement urging the government to allow service providers and raw materials and packaging suppliers to the rubber glove industry to operate to be able to meet the demand for rubber products in midst of the Covid-19 outbreak.

The association said without the raw materials, chemicals, and packaging materials, freight and logistics services, it would be impossible for gloves to be produced.

WHO has has warned that severe and mounting disruption to the global supply of personal protective equipment (PPE) caused by rising demand, panic buying, hoarding and misuse, is putting lives at risk from the new coronavirus and other infectious diseases.

Healthcare workers rely on personal protective equipment to protect themselves and their patients from being infected and infecting others.

But shortages are leaving doctors, nurses and other frontline workers dangerously ill-equipped to care for Covid-19 patients, due to limited access to supplies such as gloves, medical masks, respirators, goggles, face shields, gowns, and aprons.

“Without secure supply chains, the risk to healthcare workers around the world is real. Industry and governments must act quickly to boost supply, ease export restrictions and put measures in place to stop speculation and hoarding.

"We cannot stop Covid-19 without protecting health workers first,” said WHO Director-General Dr Tedros Adhanom Ghebreyesus.

Since the start of the Covid-19 outbreak, prices have surged. Surgical masks have seen a sixfold increase, N95 respirators have trebled and gowns have doubled.

Citing Bloomberg, Choo also noted that the KLCI’s price-to-earnings (PE) is now at 13.2 times, which is relatively attractive compared with the 16.7 times at end-2019, and that the present situation presents an opportunity for genuine investors who invest for the longer term to pick up good stocks.

While no one is counting on the market bottoming out at this juncture, a “good support” is seen at a PE of 12 times or an index level of about 1,100 points, Choo said.

https://www.theedgemarkets.com/article/no-market-bottoming-seen-until-covid19-contained

WASHINGTON (March 18): Goldman Sachs Group Inc and Morgan Stanley economists joined the rush on Wall Street to declare that the *** coronavirus has triggered a global recession ***, with the debate now focusing on its likely length and depth.

https://www.theedgemarkets.com/article/morgan-stanley-goldman-declare-global-recession-under-way

It will be utmost stressing if the trading time on Bursa is shortened bcos now we all cannot go out of our home to relax n destress.

Play play on Bursa is fun ! Of course, we no lose our funds in order to get fun !

buy

KUALA LUMPUR (March 18): Rubber glove manufacturers are expected to record higher margins amid the current Covid-19 outbreak, said CGS-CIMB Research in a note today.

The research house said this will be driven by a 3-5% increase in selling prices, improved economies of scale arising from higher production output, and a more profitable sales mix.

“With strong global glove demand, we believe that glove makers have no choice but to prioritise clients based on pricing and product mix,” it said.

The global demand for rubber gloves has shot passed levels seen during the SARS and H1N1 outbreaks in 2003 and 2009 respectively.

“To put into context, we understand that average lead time for glove makers to fulfil orders has risen up to a minimum of four months versus usually 1-2 months on average. Note that the lead time for rubber gloves during the SARS outbreak was two months and H1N1 (bird flu) outbreak was three months,” the research house said.

Furthermore, their operations will not be disrupted by the current nationwide movement restriction order, which is effective from today until March 31, as the manufacturing of rubber gloves is deemed an essential medical industry by the government.

It added that the current operating environment for the sector is favourable as the ringgit has weakened against the US dollar.

Year-to-date (YTD), the ringgit has fallen by 5.4% against the greenback, which is beneficial for glove makers as over 90% of their sales are denominated in the US dollar.

In addition, the prices of important raw materials have continued to drop amid global uncertainties. For instance, nitrile butadiene prices have declined 4.5% YTD.

Thus, GCS-CIMB is overweight on the sector, despite its premium valuation.

“We have 'add' calls for all four glove stocks, with Top Glove and Kossan as our top picks in the sector,” it said.

The research house added that re-rating catalysts for the sector include stronger-than-expected glove sales, and higher-than-expected margins.

Meanwhile, downside risks include a sharp easing of the coronavirus concerns, and the strengthening of the ringgit against the US dollar.

Buy n hold, please.

She added that countries globally have taken various measures to mitigate the economic aftermath of COVID-19, which is expected to be worse than the 1997 Financial Crisis, including announcing economic stimulus and relief packages for the people as well as businesses.

An analyst said that the ringgit is expected to continue its decline as Malaysia is directly impacted by the worsening COVID-19 pandemic.

U no have to bother.

U.S. growth will shrink 5% in the next quarter and the coronavirus outbreak will “probably” lead to a recession, Goldman Sachs said.

The investment bank’s economic research team, led by Jan Hatzius, said economic activity would “contract sharply” for the rest of March and April as consumers and businesses cut back on spending. They expected a recovery after April, though that was uncertainty, but said their new forecasts “probably” met the criteria for a recession.

They expected real GDP growth of 0% in the first quarter and a contraction of 5% in the second quarter. “This takes our 2020 GDP forecast down to +0.4%(from 1.2%). The uncertainty around all of these numbers is much greater than normal.”

Global recession is expected this year: S&P Global

LONDON (March 17): The sudden economic stop caused by coronavirus containment measures will cause a global recession this year and could see U.S. corporate default rates spike above 10% in the next 12 months, ratings agency S&P Global warned on Tuesday.

All stocks are falling like rocks !

No run, sure die lah.