Almost of all KLCI index stock down. The volume are thinly traded and most of stock are traded less 50k lots for the whole morning due to politics uncertainty.
https://www.malaysiastock.biz/Market-Watch.aspx?type=C&value=KLCI

Shorties are scared of uncertainty in local govt. Any change of govt and will affect klci index. If klci drop below 1500, it is possible RSS could be suspended. Its not use of having RSS to check n balance of share price since the all stocks in bursa is grossly undervalue.

Shorties now use press and cover tactics.

Shorties covered 6.6m shares 29/7 below 4.00

29/07/21 203818692 -6695971
28/07/21 210514663 63300
27/07/21 210451363 128600
26/07/21 210322763 1654000

US new cases exceed 100k.
https://virusncov.com/

Anwar wants Muhyiddin to resign, says PN disrespected the Agong.
650+ stocks down.

USA top of world of new cases 79802. Going to 80k+ in hour time.
DJ -127.59

Shorties gang is here but it must be them manipulating the share price. As long the below 25m volume/day, the shorties syndicates can manipulate the share price.

Bursa PAT profit dropped so much from 121m to 88m this qtr. The reinstatement RSS did not help the increase the retailer/FF shares trading volume. In fact all the Top4 gloves shares trading volume and RSS stocks volume dropped drastically since reinstatement of RSS. Usually the those where RSS are suspended, shares trading per day easily exceed average 500m per day but now it is only traded very thinly average about 10m (10x) a day. If bursa want more shares trading from retailer, RSS should be suspended asap.

Post removed.Why?

TradeJune21 july21

KUALA LUMPUR: Malaysia’s exports surged past RM105bil in June and record the 10th straight month of growth on-year since September due to strong demand for petroleum products, chips and rubber goods.

The Senior Minister of International Trade and Industry said in a statement on Wednesday the growth in June was underpinned by exports to China and US – the highest ever recorded.

June’s total exports also increased by 14.3% from May’s exports of RM92.31bil.

https://www.klsescreener.com/v2/news/view/859989/june-exports-surge-past-rm105b-boost-from-trade-with-china-us

Expect all gloves companies to make big profit in this coming quarters.

The UK is one of the most vaccinated countries in the world against Coronavirus Disease 2019 (COVID-19). Out of the nation’s 68 million people, more than 45 million have received at least a single dose, and over 33 million have been fully vaccinated. However, a new report released by Public Health England (PHE) highlighted the fact that in the past few months, more fully vaccinated people have died from the Delta variant compared to unvaccinated people.

https://www.visiontimes.com/2021/07/04/deaths-hospital-vaccinated-uk.html

DJ down (-239) just 9 mins of opening.

(Bloomberg) -- A deepening selloff in Chinese stocks spread to the bond and currency markets on Tuesday as unverified rumors swirled that U.S. funds are offloading China and Hong Kong assets.

The speculation, which included talk that the U.S. may restrict investments in China and Hong Kong,

Kossan had already vaccinated 5k workers. I believe the supermax, TG and Harta will also vaccinated all their factories workers so that there is no more disruption in their gloves production due to MCO.

In July 2021, under the Selangor State Government’s Vaccination Programme, Vaksin
Selangor (Selvax), KOSSAN administered close to 5,000 first dose of vaccines to both local and foreign
employees who have opted into the programme.

Kossan 1.1b profit still contributed by higher demand and higher ASP.

For 1H21, the Group’s revenue increased by 237.37% to RM4.43 billion as compared with RM1.31 billion in
1H20 due to higher revenue from all three divisions. Profit before taxation (PBT) was RM2.78 billion, increased
by 1041.18% as compared with RM243.37 million in 1H20 mainly due to the higher average selling price
(ASP) and higher demand in the Gloves division

US covid19 cases increasing dramatically
34,248,054
Total Cases Reported

40,246
Current 7-Day Average*

27,443
Prior 7-Day Average

+46.7%
Change in 7-Day Average since Prior Week

Hospitalizations
New Hospital Admissions
The current 7-day average for July 13–July 19 was 3,521. This is a 32.2% increase from the prior 7-day average (2,663) from July 6–July 12. The 7-day moving average for new admissions has consistently increased since June 25, 2021.

2,338,869
Total New Admissions

3,521
Current 7-Day Average

2,663
Prior 7-Day Average

+32.2%
Change in 7-Day Average

Data from US cdc.

Post removed.Why?

https://www.freemalaysiatoday.com/category/nation/2021/07/26/windfall-profit-tax-may-frighten-off-investors-dewan-told/

https://www.freemalaysiatoday.com/category/nation/2021/07/26/windfall-profit-tax-may-frighten-off-investors-dewan-told/

Hang Seng down (-1129).

The implementation of a windfall tax on companies that are making money is a non-consistent policy which will a send a wrong signal to investors and shoo them away from investing in the country, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

Coronavirus: New cases in United States surpass India's once again

https://www.newsbytesapp.com/news/india/coronavirus-india-update-on-july-26-2021/story

Will US stocks drop 15% due to delta?
https://www.klsescreener.com/v2/news/view/857559/delta%E6%98%AF%E7%A5%B8%E9%A6%96-%E6%8A%95%E8%B5%84%E5%A4%A7%E5%B8%88-%E7%BE%8E%E8%82%A1%E4%BC%9A%E6%B3%BB15-%E6%AF%94%E7%89%B9%E5%B8%81%E5%B0%86%E8%B7%8C%E8%87%B315000%E7%BE%8E%E5%85%83

Shorties covered 2.7m shares on 22/7.

22/07/21 63044051 -2764900
21/07/21 65808951 -907500
20/07/21 66716451 207000
16/07/21 66509451 204400

Shorties covered 1.0m shares 22/7.
22/07/21 209342963 -1060000
21/07/21 210402963 -5253900
20/07/21 215656863 134900
16/07/21 215521963 -1944900

US underestimating Delta variant infection. Just like shorties underestimating gloves stocks.

https://www.cnbc.com/2021/07/22/i-think-people-are-underestimating-how-bad-this-is-going-to-get-dr-ashish-jha.html

Shorties covered 907500 shares on 21/7
21/07/21 65808951 -907500
19/07/21 66716451 207000

shorties covered 5.2m shares on 21/7

21/07/21 210402963 -5253900
19/07/21 215656863 134900
16/07/21 215521963 -1944900
15/07/21 217466863 -1253200

Hong Kong (CNN Business)China is in the middle of a huge power crunch as extreme weather, surging demand for energy and strict limits on coal usage deliver a triple blow to the nation's electricity grid. It's a problem that could last for months, straining the country's economic recovery and weighing on global trade.

Several Chinese provinces have said they are facing a power crunch in recent weeks, including some of the country's most important engines for economic growth.
Guangdong province — a manufacturing center responsible for $1.7 trillion, or more than 10%, of China's annual economic output and a bigger share of its foreign trade — has been rationing power for over a month. The restrictions have forced companies across the province to shut down for a few days per week. Some local authorities are warning that power rationing could last through the end of the year.
It's not just Guangdong. At least nine provinces have said they are dealing with similar issues, including Yunnan, Guangxi and the manufacturing hub of Zhejiang, forcing regional authorities to announce power curbs across an area of China the size of the United Kingdom, Germany, France and Japan combined.

https://edition.cnn.com/2021/06/30/economy/china-power-shortage-intl-hnk/index.html

China power rationing and recent flood have affected factories operation at least 9 provinces.

The number of positive Covid cases among those accredited for the Tokyo Olympics has risen to 71, prompting a warning from officials the Games are far from certain of going ahead.

Toshiro Muto, the head of the Tokyo Olympics organising committee, did not rule out cancelling the event if cases spike, despite the opening ceremony being scheduled to take place on Friday night.

Muto delivered the stark warning after a public health expert warned the bubble system at the Athletes Village was already "broken". An American gymnast and a Czech beach volleyball player were among the latest positive tests.

https://www.nzherald.co.nz/sport/tokyo-olympics-2021-top-official-refuses-to-rule-out-11th-hour-cancellation-of-games/E27WPLTFO6LKF2GJ4GGEKWRWDQ/

The COVID-19 pandemic continues to wreak havoc in our lives as we move into the second half of 2021. Even though countries are speeding up the inoculation of their citizens, the deadly virus has got better at adapting itself as we get reports of the discovery of new variants from time to time.

n the last 4 weeks, the virus has been detected in more than 30 countries, including the UK and Australia. This new strain is also thought to be more destructive than the Delta variants detected in India last year.

Though data is scarce, one preliminary study by a group of researchers from Chile reveals that the Lambda variant has increased transmissibility and immune escape potential, and 7 mutations – which mean that it is likely more contagious, and our bodies may not detect it at all, making it more deadly.

https://thesmartlocal.com/malaysia/lambda-variant-covid/

HONG KONG (Reuters) - Asian stocks were down early on Tuesday as growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery sent riskier assets, including oil, skidding sharply.

MSCI's gauge of Asia Pacific stocks outside Japan fell as much as 0.29%, with Australia's S&P/ASX 200 down 0.39%.

Japan's Nikkei 225 hit a six-month low in early trade and widened the losses to 1.05%.

The Hang Seng Index opened 0.3% lower and China's benchmark CSI300 Index slid 0.7% at the start.

In Beijing, policymakers kept the benchmark lending rate for corporate and household loans unchanged at its July fixing on Tuesday, despite growing expectations for a cut after a surprise lowering of bank reserve requirements.

"The markets are clearly on risk-off mode," said Edison Pun, senior market analyst at Saxo Markets, adding that Wall Street's uptrend is weakening.

Stocks on Wall Street fell as much as 2% on Monday, with the Dow posting its worst day in nine months as COVID-19 deaths increased in the United States.

Riskier assets globally have come under pressure recently as many countries struggle to contain the outbreak of the fast-spreading Delta virus variant, raising fears that further lockdowns and other restrictions could upend the worldwide economic recovery.

"Despite the vaccine rollout, markets do not appear to be learning to live with COVID-19," ANZ analysts wrote in a note to clients.

"Sentiment appears to have shifted, at least for the moment, to a persuasion that growth and earnings expectations may be overdone," they said, noting that risk-averse investors were bailing out of commodities.


DJ index -725.
Hang Seng -306

Shorties might the lose on the exchange rate if cover late. Malaysia ringgit fast dropping 4.22. It may drop to 4.30 just few more weeks if without support.

Virtually all pandemic restrictions were lifted in England on Monday but "freedom day" was met with deep concern from scientists as coronavirus cases surge across the nation -- and around the world.

https://www.msn.com/en-us/news/world/freedom-day-in-england-despite-warnings-as-virus-surges-worldwide/ar-AAMjeQw?ocid=uxbndlbing

Supermax Current Assets
Inventories 623,099,000
Trade receivables 279,872,000
Tax recoverable 358,049,000
Other receivables 162,712,000
cash and bank balance 398,6248,000
Total asset 5409,980,000

So next 3Qr will be as good as 2nd qtr bc the inventories they build up last qtr can be used to offset the losses of production during MCO period June and July. Trade receivable 358m/other receivables 162m and tax recoverable 162m could be used to offset the lost of profit.

As of 18 July 2021, Malaysia reported 7,019 deaths from COVID-19.

This is a grim reminder of how dangerous COVID-19 is, so please be vigilant!
https://www.rojakpot.com/malaysia-covid-deaths-2021-07-18/

NEW YORK: Even with half the U.S. vaccinated, Covid-19 continues to kill people faster than guns, car crashes and influenza combined, according to a review of mortality data.

The situation has improved dramatically since January, when Covid deaths outpaced heart disease and cancer as the country’s top killer, according to a Bloomberg analysis. Still, for the month of June, coronavirus was responsible for 337 deaths a day. For comparison, the historic average deaths from gunshots, car crashes and complications from the flu add up to 306 a day.

https://www.klsescreener.com/v2/news/view/855935/covid-still-killing-americans-faster-than-guns-cars-and-flu-combined

But experts say Indonesia is now bearing the cost of not locking down early enough.
And the current numbers likely don't capture the whole picture. More than 27% of tests come back positive, according to Johns Hopkins University figures, giving Indonesia one of the highest test positivity rates in the world. The numbers suggest that many cases still aren't being caught.

https://edition.cnn.com/2021/07/17/asia/indonesia-covid-second-wave-outbreak-intl-hnk-dst/index.html

No more EMCO in Selangor starting today.

The affected 34 sub-districts in the 8 Selangor districts are:

Petaling: Petaling, Damansara, Sungai Buloh and Bukit Raja
Kuala Langat: Tanjung 12 (1), Tanjung 12 (2), Morib, Teluk Panglima Garang, Bandar, Jugra and Batu
Hulu Selangor: Serendah, Rasa, Ulu Yam and Batang Kali
Hulu Langat: Hulu Langat, Ampang, Cheras, Kajang, Semenyih and Beranang
Gombak: Batu, Rawang, Setapak, Hulu Kelang and Kuang
Sepang: Dengkil, Labu and Sepang
Klang: Kapar and Klang
Kuala Selangor: Ijok, Bestari Jaya and Jeram

This will be replaced by targeted EMCOs.

Covid19 virus mutation from Alpha to Lambda.

https://www.msn.com/en-my/news/berita/mutasi-virus/ar-AAMf6QP?ocid=msedgntp

Shorties covered 1.2m shares yesterday.
15/07/21 217466863 -1253200
14/07/21 218720063 -1200
13/07/21 218721263 -2823018
12/07/21 221544281 3671500
9 /07/21 217872781 -1999910

The implementation of a windfall tax on companies that are making money is a non-consistent policy which will a send a wrong signal to investors and shoo them away from investing in the country, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

Shorties covering and they are now day trader.
13/07/21 218721263 -2823018
12/07/21 221544281 3671500
9 /07/21 217872781 -1999910

comparison of top4 net cash and debt.

Company Netcash Total debt
1.TG 4.713b 499m
2.Supermx 3.986b 311m
3.Harta 2.669b 344m
4.kossan 1.249b 496m

Rich in cash and low in debt.

Intco Medical’s share price [SHE:300677] crashed 20 percent to end the day at CNY114.12 (USD18). Its convertible bonds, with the ticker SZ123029, tanked 17.74 percent to CNY1,408.85 (USD221).

President Liu Fangyi intends to divest 6 percent of total share capital, or 21.8 million shares, over the six months starting from June 24, the Zibo, northeastern Shandong province-based company said yesterday. Liu is the biggest shareholder with 38.91 percent equity.

General manager Chen Qiong, two deputy GMs and the chief financial officer will also reduce their combined stake of 0.28 percent by 0.073 percent, it added.

Chinese stocks constantly scamming the investor. Many of retailers in bursa had been scammed by red stocks.
https://klse.i3investor.com/blogs/rhinvest/2015-09-29-story83603-Listed_China_Companies_in_Malaysia_Market.jsp

Boris Johnson telling their people to takes care themselves and treat covid19 as influenza. Health Analyst predicted the new cases for UK to soar to 100k in August. Will expect thousand of people hospitalize in NHS.


https://www.dailymail.co.uk/news/article-9761491/Britains-daily-Covid-hospital-admissions-breach-400-time-MARCH.html

Most of factories in industrial site in Johor already open today.

Intco production capacity 90% vinyl and 10% nitrile. At present they are unable to supply enough nitrile to world. There is no update news and detail plan about latest capacity and expansion. Furthermore the FMCO in Malaysia with further disrupted the gloves supply chain. Probably another 20b-30b shortage in month of July.

Vaccination rate doses/100 people comparison between Malaysia and other top countries.

Malaysia vaccination rate doses/100 people- 35.12 (daily new cases 11k)
Indonesia -18.75 (dnc-40k)
India-27.34 (dnc-31k)
Vietnam-4.15 (dnc-2.3k)
Singapore -105 (dnc-26)
Philipines -11.97(dnc-5.2k)
China-96.05 (dnc-27)
US -99.91 (dnc-15k)
UK-119 (dnc-35k)
France -87.51 (dnc-1.3k)
Brazil-53.85 (dnc-17k)
Spain-99.7 (dnc-11.3k)


The vaccination rate seem doesn't correlate with daily new cases. Like US n Uk with high vaccination rate of almost 100%% still have 15k and 35k new cases respectively.. The countries like China n Singapore with better crowd control ,testing and isolation are able to maintain below 50 cases daily. Spain 99.7 vaccination rate still has high new cases of 11k daily.