Posted by CUTLOST > 2020-09-09 15:34 | Report Abuse

Flight will travel far.. Cheap fuel

Posted by tkl88 > 2020-09-09 16:16 | Report Abuse

Wow, Amazing !
Oil price already turn green and spike up like mad !

As at 4.15pm,
Nymex at => $37.52 (+0.76) (+2.07 %) !
Brent at => $46.17 (+0.62) (+1.56 %) !

Posted by tkl88 > 2020-09-09 17:26 | Report Abuse

BNM seen making final 25bps OPR cut as early as September — DBS
Chong Jin Hun / theedgemarkets.com
August 31, 2020 13:15 pm +08

https://www.theedgemarkets.com/article/bnm-seen-making-final-25bps-opr-cut-early-september-%E2%80%94-dbs

KUALA LUMPUR (Aug 31): Bank Negara Malaysia (BNM) is expected to make one final 25 basis point (bps) cut in the Overnight Policy Rate (OPR) as early as in the central bank’s next Monetary Policy Committee (MPC) meeting on Sept 10, 2020 in anticipation of an arduous economic recovery path ahead, DBS Group said today.

DBS senior economist Irvin Seah and strategist Duncan Tan wrote in a note that there is room for further monetary easing to support economic growth in the coming months.

"Onshore IRS (interest rate swap) markets are pricing ~70-80% chance for one last BNM rate cut (25bps) of this easing cycle, either to occur at the Sept 10 or Nov 3 meeting. This would mean BNM hitting our estimate of the policy lower bound of 1.5%, by the end of the year.

"Note (that) BNM had cut the OPR by a total of 125bps year-to-date to 1.75% to complement the equally robust fiscal measures aimed at buffering the economy from the impact of the pandemic. But with growth surprising on the downside and an arduous recovery path ahead notwithstanding, there is room for further monetary easing to support growth in the coming months.

"As such, we now expect one final 25bps cut by BNM as early as in the forthcoming September meeting, to better align the risks in both inflation and growth,” Seah and Tan said.

According to them, Malaysia’s real gross domestic product (GDP) growth contracted by a sharp 17.1% in the second quarter of 2020 (2Q20) from a year earlier. In quarterly terms, they said 2Q20 GDP dropped 51.3% from 1Q20.

They said beyond the direct impact of the Covid-19 pandemic on the health front and strong external headwinds resulting from a slump in global demand, the implementation of Malaysia's Movement Control Order (MCO) to curb the spread of the pandemic is the main factor behind the 2Q20 growth downturn.

"The downside surprise in 2Q GDP growth has significantly lowered the growth trajectory for the full year. The anticipated turnaround in the third and fourth quarter may not be enough to offset the sharp second quarter decline.

"Headline GDP growth will remain stuck in negative territory for the rest of the year. We have thus lowered our 2020 full year GDP growth forecast to -5.5%, which is at the lower end of the official forecast range of -5.5% to - 3.5%, and the lowest since the Asian Financial Crisis, (during) which the economy contracted by 7.4% in 1998. However, with the low base this year and the global recovery that is currently underway, albeit slowly, we see (Malaysia’s) GDP growth rebounding to 6.0% in 2021,” they said.

Malaysia’s disinflationary pressure is seen building up and the nation’s negative output gap is seen widening amid recessionary economic conditions. Seah and Tan said today even though inflation, as measured by the consumer price index (CPI), has recovered to -1.3% in July, the headline number is expected to remain stuck in negative level for the rest of 2020.

Full year (2020) inflation is projected to average -1.1% before rebounding to 1.8% in 2021, they said.

Malaysia's MCO, which was initially scheduled between March 18 and 31, 2020, requires non-essential businesses to stop operations, while the public was ordered to stay at home to curb the Covid-19 outbreak.

On March 25, Prime Minister Tan Sri Muhyiddin Yassin said the government decided to extend the MCO until April 14, because updates from the National Security Council and the Health Ministry indicated an increase in Covid-19 cases.

On April 10, Muhyiddin said the government was extending the MCO until April 28.

On April 23, Muhyiddin said the MCO would be extended for another two weeks until May 12.

On May 4, news reports, quoting Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob, indicated that regulations under phase four of the MCO were null and void with the commencement of the conditional movement control order (CMCO) or phase five of the MCO.

On May 10, Muhyiddin said the CMCO would be extended to June 9.

On June 7, Muhyiddin said the CMCO scheduled to expire on June 9 will be replaced with the recovery movement control order (RMCO) beginning June 10 until today.

On Friday (Aug 28), news reports quoting Muhyiddin, reported that the RMCO has been extended until Dec 31, 2020.

Posted by tkl88 > 2020-09-09 17:32 | Report Abuse

Report: Bank Negara expected to reduce OPR to record low of 1.5%
FMT Reporters -September 8, 2020 6:14 PM

https://www.freemalaysiatoday.com/category/highlight/2020/09/08/report-bank-negara-expected-to-reduce-opr-to-record-low-of-1-5/

PETALING JAYA: Bank Negara Malaysia (BNM) will reduce its overnight policy rate (OPR) by a further 25 basis points (bps), say seven out of 13 economists polled by Reuters.

An announcement is expected following the central bank’s policy meeting on Thursday.

Such a move will also see the OPR reduced to a record low of 1.5%, with BNM having already delivered 125 bps of rate cuts this year. The last cut of 25 bps was announced on July 7.

The remaining six economists, however, believe that the current 1.75%, also a historic low, will be maintained.

According to the report, policymakers might have to balance the need to support a virus-hit economy with a pick-up in exports.

The country’s reliance on exports has seen the economy hit badly in the second quarter (Q2) of the year due to the fallout from the coronavirus pandemic.

However, exports have started to rebound in Q3.

“Even though a pick-up in exports should support manufacturing, the rest of the economy will continue to be under downward pressure,” Prakash Sakpal, Asia senior economist for ING told Reuters.

“Mining, construction and services were the worst-affected in Q2 and will remain so over the rest of the year,” he was quoted as saying.

He added that the increase in unemployment numbers was also hurting consumer spending.

Meanwhile, Malaysia’s exports rose for the second straight month in July. This was an increase of 3.1% from a year earlier, thanks to higher shipments of manufactured goods and agricultural commodities.

However, with unemployment rising to 5.1% in Q2 and consumer prices continuing to fall in July, the signs are that the Malaysian economy is still struggling.

Posted by tkl88 > 2020-09-09 18:14 | Report Abuse

Wow, Dow Jones Futures was super green !

As at 6.13pm,
Dow Jones Futures at=> 27,716.5 (+191.5) (+0.70 %) !

Posted by sharewiz118 > 2020-09-09 21:55 | Report Abuse

TP RM 0.50 cent

Posted by Mabel > 2020-09-10 00:07 | Report Abuse

Today all sectors are down...

All having a period like me :(

Soon when my period subside all of them will turn GREEN..all of them

Meow Meow Meow

Posted by tkl88 > 2020-09-10 06:50 | Report Abuse

Walaoeh, Dow Jones super bull run !‬

‪Dow Jones closed at=>‬ 27,940.47 (+439.58) (+1.60 %) !

Posted by Jeffreyteck > 2020-09-10 07:34 | Report Abuse

AirAsia forms new engineering services arm to serve airlines in the region.... sound like there is no other service providers? Anyway, is always good to goreng.

Posted by Onlineone > 2020-09-10 07:58 | Report Abuse

In malaysia already have the service provider. The news just to goreng only..

Posted by freddiehero > 2020-09-10 08:04 | Report Abuse

how to goreng ah? list to the bursa ka for the Asia digital engineering ka? then can create new fund come in ka? macam aax

Posted by AllYouCanBuy > 2020-09-10 08:53 | Report Abuse

Goreng or no goreng, diversifying the business portfolio is a good thing for any company. It tells us that they are working on every bit to make things work eventually. You don't often see a company striving to survive so badly like AA. It is a hard time for aviation. But AA is the only airline diversifying into other platforms so far.

It will surely survive!

Posted by humbleisland > 2020-09-10 09:20 | Report Abuse

AAB (the wholly owned subsidiary of AAGB) is supposed to hold close to 14% in AAX, but doesn't appear in the corporate structure chart set out in https://ir.airasia.com/misc/corporate-structure-30062020v34.pdf.

Anyone know the rationale behind it or is it due to the fact that the holding is not 20 or more so not considered an associate company? The chart shows all associate companies, jointly controlled entities and subsidiaries.

Posted by strattegist > 2020-09-10 09:44 | Report Abuse

sustain

Posted by sampooler > 2020-09-10 10:05 | Report Abuse

https://www.sinchew.com.my/content/content_2340157.html

good for AA in SEA market..

Posted by strattegist > 2020-09-10 11:23 | Report Abuse

steady

Posted by strattegist > 2020-09-10 12:16 | Report Abuse

green

Posted by tkl88 > 2020-09-10 12:17 |

Post removed.Why?

Posted by Sugar Paul Paul > 2020-09-10 13:39 | Report Abuse

The boat leaves the port (Titanic video)

https://youtu.be/3lyiZMeTKIo

Posted by strattegist > 2020-09-10 14:53 | Report Abuse

steady

Posted by freddiehero > 2020-09-10 14:57 | Report Abuse

yes. it look cool

Posted by Sugar Paul Paul > 2020-09-10 15:19 | Report Abuse

Titanic always sank! Haha...

Posted by tkl88 > 2020-09-10 15:27 | Report Abuse

OPR maintain at 1.75 %
Tommorrow onwards KLSE will spike up liao !

BREAKING : Bank Negara Malaysia decides to maintain the Overnight Policy Rate (OPR) at 1.75%, citing improvement in economic activity

https://mobile.twitter.com/pelhambluefund/status/1303951728996278272?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Posted by ahbah > 2020-09-10 15:30 | Report Abuse

Our Bursa activity got improvement ?

Posted by Thuresh5 > 2020-09-10 16:42 | Report Abuse

Some smoke on digital banking license... looks like BNM going to announce soon. Hope AirAsia gets one.

Posted by Thuresh5 > 2020-09-10 16:46 | Report Abuse

https://www.theedgemarkets.com/article/bnm-adopts-balanced-approach-over-admission-digital-banks

Posted by newbie1111 > 2020-09-10 17:44 | Report Abuse

looks like a lot of people here dreaming about instant profit when a company diversify into fintech and ecommerce. these market have established players with deep pocket and new comer need to spend alot of money to build the technology platform and aquire market share.

AA is in no position to compete as they desperately need to conserve cash to survive.

Posted by Jeffreyteck > 2020-09-10 18:03 | Report Abuse

Without a sound financial position but want to get a digital banking license, kick out straight away from pre requisite requirements.

Posted by Thuresh5 > 2020-09-10 18:05 | Report Abuse

our digital dream. More that just an airline.

Posted by newbie1111 > 2020-09-10 18:45 | Report Abuse

Thuresh5 digital dream cost money to build, if AA can dump 2 billions into building this new start up for finance maybe they have some chance to be fintech heavy hitter.

but during this process AA are going to be burning money, there is no chance AA can do this with the dire financial situation they are in.

Posted by Ryan83 > 2020-09-10 19:06 | Report Abuse

https://www.nst.com.my/business/2020/09/623539/singapore-airlines-plans-cut-around-4300-jobs

Posted by strattegist > 2020-09-10 19:08 | Report Abuse

closed green

Posted by freddiehero > 2020-09-10 23:16 | Report Abuse

red eagle is cute

Posted by Will188 > 2020-09-10 23:21 | Report Abuse

Super aps... When out?

Posted by freddiehero > 2020-09-10 23:28 | Report Abuse

Wat for super apps? nothing have to wait.. just normal apps in this century

Posted by hahasong > 2020-09-11 00:26 | Report Abuse

You should buy HUAAN 2739 stock now. HUAAN has trustworthy business rules and recently acquired technology companies and energy companies (these companies have cooperated with government departments). HUAAN has diversified business, as well as catering and metallurgical coke. Bright prospects for future development! Investors can make a profit!

Posted by rasyid7 > 2020-09-11 06:09 | Report Abuse

Limit up today

Posted by Loh Kok Wai W > 2020-09-11 06:46 | Report Abuse

Airasia broken the wing already.....can't fly high,,,,,,,,

Posted by AK > 2020-09-11 09:56 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/09/11/mro-unit-may-add-rm1bil-to-airasia-earnings

Posted by Jeffreyteck > 2020-09-11 10:02 | Report Abuse

Goreng time before calling for $$$...MIDF Research said in a report it was a good move to set up the a centralised and independent maintenance, repair and overhaul (MRO) unitas it would add topline potential of RM1bil a year. That means other service providers will lose at least the same amount of business. Lol.

Posted by strattegist > 2020-09-11 10:11 | Report Abuse

red

Posted by hawley318 > 2020-09-11 10:15 | Report Abuse

xox 0165 buy !! all in !!

Posted by tkl88 > 2020-09-11 11:08 |

Post removed.Why?

Posted by strattegist > 2020-09-11 11:37 | Report Abuse

green

Posted by SunkCostFallacy > 2020-09-11 12:12 | Report Abuse

i'm surprised so many people so optimistic about airline. Warren Buffet also run leh.....

Posted by strattegist > 2020-09-11 14:18 | Report Abuse

steady

Posted by AllYouCanBuy > 2020-09-11 15:29 | Report Abuse

https://www.theedgemarkets.com/article/never-waste-crisis-airasia-founder-tony-fernandes-reminds-staff-covid19-hits-aviation-sector

Posted by strattegist > 2020-09-11 15:41 | Report Abuse

green

Posted by tkl88 > 2020-09-11 15:57 | Report Abuse

Wow, Amazing !
Now Airasia already
traded at=> 0.645 (+0.015) (+2.38 %) !
Like that Airasia definitely
can closed at=> 0.90 (+0.27) (+42.9 %) liao lah !

Huat ah ! Heng ah ! Ong ah !

Posted by freddiehero > 2020-09-11 15:57 | Report Abuse

wah lau...