Maybe Supermax should be computed by the no. of covid-19 cases ?

Which cause more injury to human ?

1. covid-19 or

2. the killer mkt now ?

Agreed

Macquarie Equities Research (MQ Research) wrote a report this morning (16 Mar), naming stocks

that stand out to them that investors may consider accumulating, including glovemakers Top Glove

and Hartalega, as well as defensive names such as Public Bank…

2morow, makan angin Genting Highlands got open ?

Sell first before others got sold their shares ?

While finding the bottom, I oredi got drown in the bottomless sea of red !

Correct.

Covid-19 no scary but its effect on our mkt is deadly !

Our mkt now is a killer mkt n I am oredi half dead !

No smart investors are throwing away their gloves counters at chip prices !

With mkt at 10 yr low, I am sure mani of our comrades oredi said their

last good bye to us !

Bursa Malaysia plunges to 10-year low at close

Publish date: Mon, 16 Mar 2020, 5:44 PM

KUALA LUMPUR: Bursa Malaysia ended in the red on a 'Black Monday' due to persistent selling pressure, in line with bearish regional markets, with the benchmark index reaching its lowest level in a decade.

At the close, the FTSE Bursa Malaysia (FBM KLCI) erased 64.12 points or 4.76 per cent to 1,280.63.

Can hope n pray chase covid-19 away ?

Sell # 1st # when others are fearful !

Lockdown is no overkill but is the correct dosage to kill covid-19.

KUALA LUMPUR, March 16 — The severity of the current Covid-19 pandemic is worse than the 1997 Asian financial crisis, Tun Dr Mahathir Mohamad said today.

“Consumers are likely to focus only on food and health products, which may still attract some investments,” he added.

Comparatively, during the 2008 global financial crisis, the KLCI lost some 45% of market capitalisation from the peak in one year, before bottoming out.

In the 1997 Asian financial crisis, it took more than 18 months for the benchmark index to hit the bottom, shredding off 79% of market capitalisation in the process.

Over the last one year, the KLCI has lost 20% of its market capitalisation to its current level of 1,344.75 (see chart).

“With all the bad news coming out in one go, we think that the bottom for the FBM KLCI is around 1,300 points,” TA’s Kaladher said. “This presents a good buying opportunity. In fact our advice to clients is to start accumulating when the index hits 1,320.”

CGS-CIMB Research said it expects the market to remain volatile.

“In the current challenging time, we recommend investors to take shelter in sectors that offer defensive earnings — like rubber gloves (Top Glove Corp Bhd, Hartalega Holdings Bhd, Kossan Rubber Industries Bhd), utilities (Tenaga Nasional Bhd, Malakoff Corp Bhd), telco (Digi.com Bhd), healthcare (IHH Healthcare Bhd, KPJ Healthcare Bhd), consumers (Fraser & Neave Holdings Bhd, brewers and tobacco), Astro Malaysia Holdings Bhd, MISC Bhd, Dialog Group Bhd and Petronas Dagangan Bhd— or high-dividend-yielders.

May all beings everywhere plagued with sufferings of body and mind quickly be freed from their illnesses.

I also half live only !

My other half oredi gone !

By the power of every moment of your goodness,

May all dangers be averted and all disease be gone.

May no obstacle come across your way.

May you enjoy fulfillment and long life.

Eat black seed n honey, cure everything.

Please try. Thanks.

Covid-19 attack n kill an Iranian Brigadier General !

Indeed, covid-19 is a global killer now !

Ah Jeep is fit n strong, can kahwin 3 lagi with no problem !

Mani stk guru advice us to invest long term but can we survive the one-two punch from the mkt caused oil crash n covid-19 ?

Agreed.

gloves are set to break historical high this year - this is a certainty only Many Fool keeps crying like small kid for missing the boat$$$.

Like covid-19, mkt crash also can injure n kill mani people !

I guess mkt crash is even more fatal than covid-19 !

Death caused by mkt crash is very torturing !

Who want free air ticket to Madrid ?

Our Finance Minister is great banker - not a politician.

mf is a Dr Doom ?

May all beings everywhere plagued with sufferings of body and mind quickly be freed from their illnesses.

Topglove ... strong buy

The number of car accidents no increase wildly like the covid-19 now ?

How to learn to live with covid when more people are dying from it ?

The coronavirus COVID-19 is affecting 146 countries and territories around the world and 1 international conveyance (the Diamond Princess cruise ship harbored in Yokohama, Japan).

The covid-19 oredi conquered 3/4 of our whole world !

What sub stage of the downtrend ?

What mkt stage are we in now, please ?

Top Glove Corporation is heading for an all-time-high and may test the immediate resistance level of RM6.31 soon. We notice the trading volume growing in tandem with the escalation of the stock price. With the momenutm indicator RSI pointing upwards, we foresee that it may continue to propel towards the short-term target prices of RM6.75 and RM7.15. In this case, the downside support is anticipated at RM5.90, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM6.31

Target: RM6.75, RM7.15 (time frame: 3-6 weeks)

Exit: RM5.90

Source: AmInvest Research - 12 Mar 2020

I no know.

What is the next trend, please. ?

U want to fly to Italy or Iran on a FOC ticket ?

MQ Research prefers Top Glove over Hartalega due to its wider product mix, diversified market exposure as well as the potential benefit it could see from this virus outbreak.

Nonetheless, Hartalega could also benefit if customers in developed countries (Europe and United States) start stocking up on rubber gloves as a preventive measure.

MQ Research believes manufacturers with the highest exposure to the Asia market and with the highest capacity additions could be the biggest beneficiaries in terms of sales volume from this virus outbreak.

Among glove manufacturers, Top Glove has the highest capacity additions, while Supermax and Sri Trang have strong exposure to the Asia market.

Interestingly, from peak to trough, the FBM KLCI had dropped 79% during the 97/98 Asian Financial Crisis (AFC), 45% during the 08/09 Global Financial Crisis, but between April 2018 and now, the benchmark index has dropped by only 25%.

Does this indicate that there’s more downside to come?

What should investors do?

KOSSAN (Not Rated)

.•KOSSAN gained 18.0 sen (+3.52%) to end at RM5.30 yesterday.

•Chart-wise, the stock has broken into record high yesterday with a long bullish candlestick,

backed by higher-than-average trading volume.

•Coupled with bullish crossover from MACD indicator, we believe the stock price could move

higher.

•From here on, key resistance levels can be found at RM5.60 (R1) and RM5.85 (R2).

•Conversely, downside supports can be identified at RM5.10 (S1) and RM4.80 (S2).

Source: Kenanga Research - 13 Mar 2020

Uncle Ma said he will donate 500,000 coronavirus testing kits and 1 million masks to the United States and urged international cooperation to fight the health crisis.

Which kill more people - covid-19 or the free fall mkt now ?

Just ask WB n Pintu Masuk Billy to do some charity work n all the covid-19 problem will be solved.

Yes, it is a killer type of bear !

Even without hitting me, I oredi half living only !