Respect to those who bought dirt cheap below 20 and still holding. Now still good value coz the PE is still the lowest amongst the big tech stocks with the potential of becoming the next BAT, Dutch Lady or even Nestle during their peak years.
Ambank give MPI low TP. MPI owned by Hong Leong. No wonder Ambank is so hated in the banking world. I think MPI is overvalued and will crash to RM20-30. Short MPI. Pangsai pang will dump and tell you to hold la blue chip la if it crashes
Senate Passes $1.9 Trillion Relief Bill After Marathon
(March 7, 2021, 1:24 AM GMT+8 Corrected March 7, 2021, 11:41 AM GMT+8)
President Joe Biden’s signature $1.9 trillion Covid-19 relief bill passed the Senate 50-49 on Saturday following a more than 25-hour marathon of amendment votes completed after Democrats settled an intra-party dispute over unemployment aid.
The measure, the American Rescue Plan Act, now heads back to the House, where Majority Leader Steny Hoyer said a vote will be held Tuesday. Although some House progressives have complained about changes made by the Senate, none so far have threatened to withhold votes. Democrats aim to have it signed into law next week.
Enactment of the second-largest stimulus bill in U.S. history would hand Biden his first legislative victory and set the stage for work this spring on a massive infrastructure and manufacturing recovery bill that he wants.
“As tough as this moment is, there are brighter days ahead -- there really are,” Biden said at the White House after the Senate acted. “It’s never been a good bet to bet against America.”
The bill would provide the biggest health-care expansion since the Affordable Care Act, a temporary plan to slash the child poverty rate and send $1,400 payments soon to millions of Americans. In addition, state and local governments are set to get more than $350 billion in aid and schools would get an infusion of funding, all of which Democrats hope will propel a faster economic recovery long before they face voters in 2022.
It would deliver $300 a week in extra unemployment assistance through Sept. 6 and make the first $10,200 of unemployment insurance benefits non-taxable for households with incomes of less than $150,000. The legislation includes $160 billion for vaccine and testing programs to help stop the spread of the coronavirus. The Senate also adopted a bipartisan amendment from Republican Lisa Murkowski of Alaska and Democrat Joe Manchin of West Virginia to direct $800 million toward alleviating youth homelessness.
Overall, the legislation is double the size of the Obama-era stimulus and exceeded many earlier Wall Street estimates for how big a package could Democrats pass with the thinest margin of control. It is eclipsed in size only by the $2.2 trillion pandemic aid plan passed a year ago.
The Democratic drive in the Senate stalled out for nearly 12 hours on Friday after Manchin -- a pivotal vote in the 50-50 Senate -- balked at an amendment to extend supplemental unemployment benefits into October.
As Republicans tried to lure Manchin to vote for a proposal by Senator Rob Portman of Ohio that would extend the benefits only through July 18, Democrats from Biden on down furiously lobbied Manchin and reworked their earlier plan to get his support.
Negotiations on that amendment caused a separate vote on minimum wage that set a record for the longest vote in Senate history, dragging on for nearly 12 hours as Democrats tried to keep their caucus united. In the end, the provision was left out of the legislation because of arcane Senate budget rules.
Despite that stumble, passage was a major victory for Senate Majority Leader Chuck Schumer, who aimed to show that Democrats could wield power despite the 50-50 Senate split.
U.S. Economy Ready to Surge With Big Stimulus, Fast Vaccines
(March 7, 2021, 2:00 AM GMT+8 Updated on March 7, 2021, 3:41 AM GMT+8)
~ Growth estimates have jumped in light of recent developments
~ Gains may give some pause on massive infrastructure package
With Democrats on the verge of passing an almost $2 trillion stimulus bill and Covid-19 vaccinations moving ahead, the U.S. economic outlook is much sunnier than it looked in early January.
The latest Bloomberg monthly survey of economists shows the annualized pace of growth in the first quarter will be 4.8%, twice as fast as respondents expected just two months ago. For the full year, gross domestic product is projected to rise 5.5%, which would be the fastest since 1984 and is up from January’s estimate of 4.1%.
After January’s key run-off elections in Georgia, where Democrats secured two Senate seats to win slim control of the chamber from Republicans, economists were generally penciling in a pandemic relief package worth around $1 trillion. Democrats stuck together to push through a bill almost double that size; no Republican senators voted for the plan on Saturday. The measure next goes back to the House for a final vote, expected to be Tuesday.
President Joe Biden, speaking Saturday after the Senate vote, looked for a major boost to the economy.
“This will create millions of new jobs,” Biden told reporters at the White House. “It’s estimated over 6 million new jobs by itself; increase the gross domestic product by a trillion dollars.”
“As tough as this moment is, there are brighter days ahead -- there really are,” Biden said. “It’s never been a good bet to bet against America.”
An additional round of $1,400 stimulus checks for millions of Americans, combined with supplemental jobless benefits and the acceleration in vaccinations, should help sustain growth throughout the year, said Stephen Stanley, chief economist at Amherst Pierpont Securities LLC.
Government stimulus will “give a shot of adrenaline for a short period of time,” Stanley said. He noted that “it will kind of fade out, and the more fundamental aspect of things, which is really just opening up and getting back to something closer to the pre-pandemic norm for activity, should kick in.”
Bought (warrant) the dip and it continues to dip further... Bought even lower and sold higher, made a tiny profit. Beware of the Nasdaq correction, it might not over yet, the futures are down 1.7% now
I think before Quek wanted to delist in Msia and list in China as they think Bursa undervalues the stock.....but i think he will make some pocket money here first
Biden will direct states to make all adults eligible for Covid vaccine by May 1
(PUBLISHED THU, MAR 11 20216:30 PM ESTUPDATED THU, MAR 11 20216:51 PM EST)
~ President Joe Biden is set to announce that he will direct states to make all adults eligible for the Covid vaccines by May 1.
~ Biden in his first primetime address to the nation is also expected to say that Americans should be able to gather in small groups to celebrate the Fourth of July.
~ The speech comes hours after Biden signed into law the $1.9 trillion Covid relief bill, which he had strongly pushed during his first 50 days in office.
WASHINGTON – President Joe Biden is set to announce Thursday evening that he will direct states to make all adults eligible for the Covid vaccines by May 1.
Biden, in his first primetime address to the nation, is also expected to say that Americans should be able to gather in small groups to celebrate the Fourth of July, a senior administration official told reporters Thursday.
“He will be clear that that does not mean large events where lots of people gather, but it does mean that we can once again have an independence day with small gatherings and celebrations,” the official told reporters ahead of the speech.
“And that’s a big step in the right direction,” the official added. “We believe that if we do our part we’ll be in a much better place by Independence Day, and we can start to resume more of our normal activities.”
Biden’s address is scheduled for just after 8 p.m. ET, and will be broadcast from the East Room of the White House. The speech is expected to last less than 20 minutes.
The primetime event comes hours after Biden signed into law the $1.9 trillion Covid relief bill, which he had aggressively pushed Congress to pass during his first 50 days in office.
Biden’s remarks come as the United States administered a record number of vaccines over the weekend. The Centers for Disease Control and Prevention administered 2.9 million vaccines on Saturday, a record, and 2.4 million on Sunday, according to the agency’s latest tally. The numbers are subject to revisions as more data becomes available to public health officials.
Biden is set to embark on a nationwide tour next week to tout the first major legislative accomplishment of his administration. The president will depart Tuesday for Delaware County in Pennsylvania, an electoral swing state that was key to Biden’s victory over former President Donald Trump.
Earlier Thursday, White House press secretary Jen Psaki said Biden will “lay out some more specifics” of how the administration will fight the virus moving forward.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
charlie1
10 posts
Posted by charlie1 > 2021-03-01 20:51 | Report Abuse
@alphajack
Damn funny la, you..! Hahaha
I hold at RM15...oso lose to your aunty... knn...