BYD shares jumped as much as 4.7% in Hong Kong on Monday, after chairman Wang Chuanfu proposed doubling a buyback of its China-traded shares to 400 million yuan. The company said the move could boost investor confidence, and stabilize and enhance the company’s value.
The automaker’s Hong Kong-listed shares have fallen 12.0% this year as investors punish EV stocks over concerns sagging demand is forcing companies to cut prices, and impact margins.

Other pricey EVs under the Yangwang brand are due to launch later this year in China, including a luxury sedan that will cost around one million yuan.
Yangwang started delivering cars in late November. It has one production model so far, a luxury sports utility vehicle known as the U8 which costs 1.1 million yuan. The company has delivered 3,653 units as of the end of January.

BYD became the world’s biggest EV seller — overtaking Tesla — in the last quarter of 2023. While it is better known for making affordable EVs, the company markets its luxury models under the Yangwang and Fang Cheng Bao brands.

With a post-Lunar New Year price war looming in China, the Shenzhen-based giant is betting there remains a market for high-end products which deliver better margins.

(Feb 26): BYD Co debuted its most expensive car on Sunday, a 1.68 million yuan (RM1.1 million) high-performance fully-electric supercar pitted against luxury gas-guzzling options offered by rivals such as Ferrari NV and Lamborghini.
The Yangwang U9 will initially be exclusively for the China market, the company said at a live-streamed event in Shanghai. The car can hit 100km/h (62mph) in 2.36 seconds and reach a top speed of 309.19km/h, it said.

By Danny Lee / Bloomberg
26 Feb 2024

https://theedgemalaysia.com/node/702287

U mean rent seekers?

Financial news broadcaster Bloomberg reported that this was due to Malaysia’s sluggish economic growth moving slower than expected.

On the same day, the ringgit hit an all-time low of 3.56 to the Singapore dollar.

At noon today, the ringgit traded at 4.775 against the United States dollar.

“External factors (United States, China) clearly important but affect different countries differently. Why? Because of differences in domestic conditions & response,” he said.

As an example, he said the Vietnamese dong performed better than the ringgit despite Vietnam’s heavy reliance on China’s exports.

The ringgit has been on a slide in recent days and hit its lowest this year on February 20, when it traded briefly at 4.7965 against the United States dollar.

The ringgit was at its lowest value during the Asian financial crisis in 1998 when it traded at 4.7965 to the greenback.

The economist also said that China’s economic deceleration and the recent hike in the United States’ interest rates have only impact the value of the ringgit slightly.

“1MDB shock also severely dented ringgit,” he said.

He noted that a country’s currency reflects its societal, economic, and political vibrancy.

According to Apurva, Malaysia opted for a short-term solution that boosted the ringgit in the immediate aftermath of the financial crisis but consequently hurt the currency’s in the long run.

He said the government’s measures resulted in its GDP and exports to fall.

In comparison, he said the Thai baht and South Korea’s won outperformed the ringgit because those countries arguably reformed the most after the financial crisis.

“Weak ringgit is ultimately a symptom of long-term decline in Malaysia’s competitiveness,” Apurva said in a series of postings on X, the platform formerly known as Twitter.

He said that while many Asian countries also slid after the 1998 financial crisis, Malaysia’s lack of reform affected its economy in the long run.

Ringgit’s decline due to 1MDB shock and lack of competitiveness in Malaysia post-Asian financial crisis, says World Bank economist
Zaf Seraj
Fri, 23 February 2024 at 3:40 PM
Malay Mail
KUALA LUMPUR, Feb 23 — The World Bank’s lead economist for Malaysia Apurva Sanghi today said the ringgit’s poor performance can be attributed to the lack of competitiveness in the country the past 28 years after the 1998 Asian financial crisis.

He also said that the decline was partly a consequence of the 1Malaysia Development Berhad (1MDB) financial scandal.

Ringgit’s decline due to 1MDB shock and lack of competitiveness in Malaysia post-Asian financial crisis, says World Bank economist.

We Msia susah, Cina birth certificate declined. Now Rm also all time low since 1997. How unlucky…

Ringgit’s decline due to 1MDB shock and lack of competitiveness in Malaysia post-Asian financial crisis, says World Bank economist

Zaf Seraj
Fri, 23 February 2024 at 3:40 PM MYT
Malay Mail

KUALA LUMPUR, Feb 23 — The World Bank’s lead economist for Malaysia Apurva Sanghi today said the ringgit’s poor performance can be attributed to the lack of competitiveness in the country the past 28 years after the 1998 Asian financial crisis.

He also said that the decline was partly a consequence of the 1Malaysia Development Berhad (1MDB) financial scandal.

“Weak ringgit is ultimately a symptom of long-term decline in Malaysia’s competitiveness,” Apurva said in a series of postings on X, the platform formerly known as Twitter.

Ringgit’s decline due to 1MDB shock and lack of competitiveness in Malaysia post-Asian financial crisis, says World Bank economist.

Encourage by more child support incentive else no one is paying or working for future country tax income
No one realized how special is Malaysia only when they were praise by foreign tourists / PR on multilingual and multicultural heritage.
If we just focus on uniting and standardizing which losses the "speciality" if compared to other countries.
Reading the comments below, it's too bad mindset is programmed decades ago, we can accept international school but we couldn't accept vernacular and other form of gov schools.

But other races, harga barang naik also producing more babies. How leh?

you're worried about the survival of SJKC??..why not worry about survival of chinese ppl?... harga barang semua naik. and you think having more babies is more important?you are rich politicians. easy for you to say have more babies!

now days, people would preferred for one family with only 2-3 child...they said, so that they can focus more for their child if they had less children.

https://www.freemalaysiatoday.com/category/nation/2024/02/13/how-will-chinese-schools-survive-with-declining-birth-rates-mp-asks/

Will Chinese schools survive declining birth rates, MP asks
Bayan Baru MP Sim Tze Tzin says ethnic Chinese babies make up less than 10% of the total 423,124 Malaysian babies born in 2022.

Ah yo. Previous government policies were not implemented.

Daddy Ular , results out already. 3-3.
But PN Green wave still strong. How?

Mpi bagus😁

Mpi bagus.

I3lurker .,. This AI will control everything. Scary.
https://youtu.be/NeHgMaIkPuY

Daddy Ular, thank you for sokong AnakUlar. Siapa gigit TheBull? Must be the Chew chewing TheBull punggung lah. Haha 😂

Posted by UlarSawa > 3 hours ago | Report Abuse

Anakular is ular punya long lost anak leh. You see he sometimes come here to support ular leh. Bcos he also like to eat tikus punya leh. Haiyoh. Correct?


Posted by StartOfTheBull > 2 minutes ago | Report Abuse

What?
🐍Sawa's pukul Anak🐍, Anak🐍 lari balik ke lobang loh.

Daddy Ular, every thing is fake now.
Fake chicken meat, Fake beef, Fake pork, Fake fish meat… all grown in the laboratory using meat cells dipped in laboratory solutions. Next time we can’t kill chicken, cow, lamb, fish anymore. Whoever kills animals or fish will be jailed.
No need to advertise fake sugar la.

Daddy Ular, what bursa stock can you recommend for me?

Read my lips… PMX WILL MAKE GST ENFORCE IN MSIA IN 2025.
No more maybe. It’s written on the stone already.

Pmx memang will succeed in making Msia an Asean Tiger once more.
Have faith in Pmx.


Posted by UlarSawa > 36 minutes ago | Report Abuse

PMX need to reduce budget deficit leh. Cakap mau kurang kan hutang leh. Will do whatever can increase gorment revenue leh. Haiyoh. Correct?


Posted by Sslee > 57 minutes ago | Report Abuse

When everything is subsidized ( fuel, electricity, water, sugar, egg, chicken, cooking oil, healthcare etc) then how to implement GST?

Daddy Ular, you banyak pandai. I fully support you. Love 💕

Daddy Ular, I support 100% what you said here.

Posted by UlarSawa > 4 hours ago | Report Abuse

You can learn alot from the forum ppl sharing leh. Very simple you can learn from prof 3iii but not his student MikeJohnChewCyacing leh. Prof 3iii invest on heavyduty solid company one and his student die die punting lapsap ctrs only. So you learnt 2 things from Ular sharing already. Haiyoh. Correct?


Posted by i3lurker > 2 hours ago | Report Abuse

I am a newbie also.
What can I learn?

UlarSawa
29,356 posts

WPosted by UlarSawa > 4 hours ago | Report Abuse

You also can learn from SSLee also. SSLee cutloss his HY after knowing the mgmt doing hanky panky thing and MikeJohnChewCyacing die die also holding his 4.40 takda cutkuku and now losing his underwear cry apah cry amah selalu trolling SSLee lagi. Haiyoh. Correct?

Daddy Ular cakap banyak betul.



Posted by UlarSawa > 4 hours ago | Report Abuse

Haiyoh prof 3iii well said leh. But your student MikeJohnChewCyacing tikam JKGLand Zelan PA Hiaptek pun boleh leh. Those mgmt good or not. Can enlighten your student kah. Ular really dunno your student ada learning from you or not leh. Worst you student tikam Cinaman ctr HY rm4.40 ingat want to earn kfc mana tau losing the underwear leh. Kesian
Haiyoh. Boleh?



Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 14 minutes ago | Report Abuse

Keep investing very simple.

If you have doubt about the management, stay away from the business they are running too. Not difficult. After all, there are so many other stocks to look at.

Bo do, UlarSawa is daddy of AnakUlar. Why leh? Because UlarSawa… before this was known as Dragonslayer.
Dragonslayer was much older than AnakUlar. So bo do

Posted by StartOfTheBull > 11 minutes ago | Report Abuse
Anak🐍 is bapa of 🐍Sawa.
Because 🐍Sawa is younger than Anak🐍.

Those that bought his Zelan now only to see Zelan is at 0.03. Kesian. Hahaha. Apa Suay itu sama satu John di Jkgland, PA, Rgtech, etc. More suay this year for John. i3 lurker said John con people buy Zelan. You John sendiri tahu lah.

Yesterday JohnChew went to massage little brother at Jln Alor. Today JohnChew very happy after Jln Alor massage little brother. Haiyoh ham sap JohnChew behaviour.

JohnChew
You hiding here like shxt. Trolling Daddy Ular. No shame kah.

Apa Suay itu sama JohnChew di PA, Rgb, etc. More suay this year for JohnChew.
i3 lurker said JohnChew con people lah. Which stock, you JohnChew sendiri tahu lah.

I pity Sslee. How Sslee can get the useful information in these pages?

Daddy Ular, why Sslee haven’t reported to i3 administration about JohnChew lapsap posts?

So many lapsap pages in Sslee blog pages. Sslee will cry. Daddy Ular says, you all suka post lapsap kah

Haiyoh, you all want to tambah pages to Sslee blog pages. Now will enter 16 pages woi?

Daddy Ular, I represent you. If you ask me to compete with Pure bull, nanti I kalah, Daddy Ular kena malu setiap hari oleh John Chew lah.


Posted by UlarSawa > 1 second ago | Report Abuse

Haiyoh why you see Pure🐂 no up kah. Like this you both have one competition at here lah. Use mouth to decide who is clever is useless leh. Compete in the competition with referee jadi the judge then can confirm siapa more clever and siapa more illiot mah. Haiyoh. Boleh?


Posted by AnakUlar > 26 seconds ago | Report Abuse

Pure iliot, you are more bo dor than lembu. You are champion in bo do stocks picking. Do you know that?

My daddy Ular very hardworking posting here. Good job. I fully support Daddy Ular.

Hoho Tomolo Shl discuss on encounter experience with some Sifu n Kon , and what I learned from them :

>> Purely for newbies n ikanbilis info :


A) Sifu


1.) Ethical Sifu 3iii
2.) Philip
3.) Otb
4.) Stingray aka UlarSawa


B ) Kon


1.) sLee
2.) Callvin
3.) Stockraider
4.) Mabel
5.) Ularsawa
5.b ) Stingray
5.c ) Tut Tut or Paktua73
6.) i3lurker
7.) Leno
8.) Income

28 Jalan TR 8/3, you all know whose house this is?

https://www.google.com/maps/place/36,+Jalan+TR+8%2F3,+Tropicana,+47410+Petaling+Jaya,+Selangor,+Malaysia/@3.1319809,101.582546,3a,75y,38.98h,90t/data=!3m7!1e1!3m5!1sQUjpCYrDj2bke2GtUB86hg!2e0!6shttps:%2F%2Fstreetviewpixels-pa.googleapis.com%2Fv1%2Fthumbnail%3Fpanoid%3DQUjpCYrDj2bke2GtUB86hg%26cb_client%3Dmaps_sv.tactile.gps%26w%3D203%26h%3D100%26yaw%3D38.97637%26pitch%3D0%26thumbfov%3D100!7i16384!8i8192!4m7!3m6!1s0x31cc4e92bc436f7d:0xf5fac6f0ab97e2af!8m2!3d3.1320432!4d101.5825939!10e5!16s%2Fg%2F11j8mgvkz3?authuser=0&entry=ttu

Pure iliot stock pick here la… bo do like lembu…

Purebull stock pick…
Stock: [ARTRONIQ]: ARTRONIQ BERHAD
Jun 16, 2023 4:41 PM | Report Abuse

ARTRONIQ
it's at its double top now:


its weekly chart showed a cup with handle =
chartists called it the handle, compact n consolidated like an airport runway for the next flight to lift off.,.

HANDLE means 2 ways will happen:
i. lift off to super high or
ii. a failure swing.

Let's focus n watch closely to take action at right.timing.,.

But JohnChew is the most pandai because if you ask i3 to delete JohnChew postings, Sslee your this blog post will automatically get deleted , correct?