AXIATA GROUP BERHAD

KLSE (MYR): AXIATA (6888)

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Last Price

2.75

Today's Change

+0.03 (1.10%)

Day's Change

2.69 - 2.77

Trading Volume

8,867,100


8 people like this.

1,919 comment(s). Last comment by Deekay 1 week ago

kens88

698 posts

Posted by kens88 > 2021-02-25 15:13 | Report Abuse

thanks to boost to 3.5 can take profit.

Posted by DonWorryBeHappy > 2021-02-25 23:38 | Report Abuse

It's the impairment for closing of 3g one off thing right? The old things closes book, now can look to 5g, how's that not good

CoolTy

61 posts

Posted by CoolTy > 2021-02-26 14:45 | Report Abuse

4 big sky king ---> Glove , 5G, AA, Oil ... Dont miss the boat !

CoolTy

61 posts

Posted by CoolTy > 2021-03-01 22:23 |

Post removed.Why?

ampabella

1,369 posts

Posted by ampabella > 2021-03-03 23:43 | Report Abuse

got rm50 dividend wor but no date geh

jguy

96 posts

Posted by jguy > 2021-03-05 08:14 | Report Abuse

mbb tp 4.4,huat2!

profitgrow

773 posts

Posted by profitgrow > 2021-03-05 10:18 | Report Abuse

announced 5sen dividend, but no date given... what happened to this company?

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-07 12:40 | Report Abuse

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.

The deals he brokered on stimulus payments and unemployment aid, as well as the addition of a dozen smaller changes, ensured that moderate Democrats like Manchin and Arizona’s Kyrsten Sinema were on board along with progressives like Senate Finance Chairman Ron Wyden. That may also help in the House, where progressives were already angered over the loss of the minimum wage provision.


Cont...


## https://www.bloomberg.com/news/articles/2021-03-06/senate-passes-1-9-trillion-relief-package-after-marathon-votes?srnd=premium-asia


-------------Further great boost market news ahead------------------------------

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-07 12:41 | Report Abuse

Bingo...


Upcoming this 2 months, Keyman188 will be receiving 5 figures of dividend payout by long term portfolio investment...


Cheers.......


你己经开始怀疑人生了吗!!!...


You have begun to doubt your life !!!......


人生錯过了一次就够了,別错过第二次......


One missed life is enough, don’t miss the second time......



------------------别人笑我太疯癫... 我"说"他人看不清......--------------------


Keyman188 really pity for those still left behind the "Recovery Road" journey......



wkwkwk...kekeke...wkwkwk...kekeke...

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-07 14:36 | Report Abuse

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.”


Cont...


## https://www.bloomberg.com/news/articles/2021-03-06/u-s-economy-ready-to-surge-with-stimulus-expanding-vaccines?srnd=premium-asia



----------------Unstoppable further great great news------------------------------

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-15 08:27 | Report Abuse

Dow futures rise as stocks point to strong open on Monday

(PUBLISHED SUN, MAR 14 20216:02 PM EDTUPDATED SUN, MAR 14 20217:42 PM EDT)

U.S. stock futures moved higher in overnight trading and pointed to gains at the open on Monday, continuing last week’s rally that led the Dow and S&P 500 to record highs.

Dow futures rose 120 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.2%.

Stocks rose last week with the Dow Jones Industrial Average rising 4% and the S&P 500 gaining 2.6%. The S&P 500 and the Dow both closed at record highs Friday.

The Nasdaq Composite advanced 3% last week, despite a sell-off on Friday spurred by rising interest rates. The jump in bond yields has challenged growth stocks in recent weeks and sent investors into cyclical pockets of the market. The Nasdaq is up less than 1% this month, while the Dow and S&P are up 6% and 3.5%, respectively.

The U.S. 10-year Treasury hit its highest level in more than a year on Friday. The benchmark Treasury note reached 1.642%, its highest level since February 2020.

The small-cap benchmark Russell 2000 surged more than 7% last week as investors rotated into smaller stocks that benefit from a sharp economic comeback.

Last week, investors cheered the $1.9 trillion stimulus package that President Joe Biden signed into law. The IRS started processing $1,400 direct payments on Friday and checks started hitting bank accounts over the weekend. The bill will also put nearly $20 billion into Covid-19 vaccinations and $350 billion into state, local and tribal government relief.

Investors will be gearing up for Tuesday and Wednesday’s Federal Open Market Committee meeting where the Federal Reserve will deliver its decision on interest rates. The bond market in the coming week will likely take its cues from the Federal Reserve.

The central bank is expected to acknowledge much better growth in the economy. Bond pros are also watching to see whether Fed officials will tweak their interest rate outlook, which now does not include any rate hikes through 2023.

Goldman Sachs chief economist David Kostin told clients on Sunday that he expects interest rates to continue to rise in the coming months and investors will have to “continually grapple with the anxiety about economic overheating and Fed tightening.”

On the vaccine front, Biden announced last week that he would direct states to make all adults eligible for the vaccine by May 1. Biden also set a goal for Americans to be able to gather in person with their friends and loved ones in small groups to celebrate the Fourth of July.


## https://www.cnbc.com/2021/03/14/dow-futures-rise-as-stocks-point-to-strong-open-on-monday.html

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-15 08:28 | Report Abuse

Foresee market continue to surge further...

Cheers...

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-19 12:52 | Report Abuse

Consolidation possibilities still on for telecommunications sector, say analysts

(theedgemarkets.com / March 19, 2021 12:03 pm +08)

KUALA LUMPUR (March 19): Despite the collaboration among telecommunications companies (telcos) Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd and Maxis Bhd to develop and share fibre infrastructure, analysts opined that consolidation possibilities will continue amid forthcoming stiff competitive mobile space.

Notwithstanding the agreement among the telcos, declining yields amid intense competition among themselves, further exacerbated by U Mobile, unifi Mobile and mobile virtual network operators (MVNOs), could still drive operators to seek consolidation to further reduce cost, secure economies of scale and reduce rivalry, according to AmInvestment Research.

“Even though the MCMC (Malaysian Communication and Multimedia Commission) has shown a preference for maintaining competitive pressure to reduce broadband prices for consumers, we maintain our view that the industry’s stagnant revenue trajectory could eventually drive the sector towards more merger and acquisition (M&A) activities,” said its analyst Alex Goh in a note today.

Goh said AmInvestment Research maintained its "overweight" call on the telecommunications sector with ‘buy’ calls on Telekom Malaysia Bhd (TM), which has shown significant cost improvements together with more compelling dividend yields, while Axiata Group Bhd offers bargain enterprise value/earnings before interest, taxes, depreciation and amortisation (EV/EBITDA).

He added that these valuations are even more compelling given the companies' environmental, social and corporate governance (ESG) scoring of three to four stars.

Meanwhile, Kenanga Research said it would not be surprised should M&A activity emerge in the industry to consolidate infrastructure and the subscriber base as well as to save cost through synergies.

“There have been rumors of Digi’s parent Telenor and Celcom reigniting discussions of a possible merger. While a merger may bring strategic benefits, we believe that the reasons for the failed discussions [previously], which included 'complexities' across 14 entities and nine regions, disagreement over equity share, and relocation of the combined entity from Malaysia to Singapore, may continue to prevent the deal from going through,” said its analyst Lim Khai Xhiang.

Moreover, the analyst said the collaboration among Maxis, Digi and Celcom did not come as a surprise, but he still likes it as the collaboration prevents duplicating capital expenditure (capex) and infrastructure.

“While the MNOs (mobile network operators) could benefit from reduced capex, continued price competition in mobile offerings, particularly if network quality is similar, could weigh on profitability. Thus, this news does not affect our existing calls.

“We keep our 'MP' (market perform) calls on Maxis, Digi and OCK [Group Bhd]. Our top pick continues to be Axiata ('OP' [outperform]; TP: RM4.40) for the encouraging recovery of its regional OpCos (operating companies), cost-cutting measures and high-dividend goal. We maintain our 'OP' call on TM (TP: RM6.85) for long-term prospects for its cloud and data centre segments.

“We do not believe that this collaboration is a threat to TM’s fibre assets as the MNOs are likely to roll out fibre in areas without fibre, in our view, as the aim is to avoid duplication of fibre infrastructure after all,” he added.


## https://www.theedgemarkets.com/article/consolidation-possibilities-still-telecommunications-sector-say-analysts

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-19 12:53 | Report Abuse

Keyman188 not the professional or experts...

Let the professional guide the market direction...

“We keep our 'MP' (market perform) calls on Maxis, Digi and OCK [Group Bhd]. Our top pick continues to be Axiata ('OP' [outperform]; TP: RM4.40) for the encouraging recovery of its regional OpCos (operating companies), cost-cutting measures and high-dividend goal."

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-19 18:49 | Report Abuse

Investors dumping stocks on Fed policy are making a mistake, Jim Cramer says

PUBLISHED THU, MAR 18 20216:21 PM EDT

CNBC’s Jim Cramer defended the Federal Reserve’s decision to leave interest rates unchanged, saying it’s a mistake to dump growth stocks out of fear of rising inflation.“Higher rates are bad for the economy. Powell doesn’t want us to take that hit if we don’t have to,” the “Mad Money” host said.“I think Jay Powell’s right to focus more on full employment than low inflation ... I bet he’ll be right about the transient nature of the commodity price increases,” he said.

CNBC’s Jim Cramer said Thursday that it’s a mistake to dump stocks in reaction to the Federal Reserve’s decision to leave the interest rate unchanged.

He defended Fed Chairman Jerome Powell, who the day prior maintained the central bank’s goal to keep short-term borrowing rates low to support the U.S. economic recovery, even if inflation picks up in the near term.

“Higher rates are bad for the economy. Powell doesn’t want us to take that hit if we don’t have to,” the “Mad Money” host said. “He doesn’t want his legacy to be botching the recovery … [not after he] acted so aggressively last year to keep the economy from crashing.”

The Fed slashed rates last year in response to the coronavirus pandemic. Now many market watchers are trying to anticipate the Fed’s next move as the economy gains traction.

Mandates put in place to slow the spread of Covid-19 upended the economy and threw the country’s unemployment rate into double-digit range. The jobless rate has since fallen to 6.2% as of February, and Powell said the Fed would prioritize giving the labor market room to recover.

“I think Jay Powell’s right to focus more on full employment than low inflation ... I bet he’ll be right about the transient nature of the commodity price increases,” Cramer said.

“Wall Street freaked out last year when Powell cut rates aggressively, and they’re freaking out again now that he’s decided to keep rates” low, he added.

While a low-interest rate environment is good for stocks, not all stocks are created equal, Cramer said.

Industrial businesses are winners when rates are low, while growth names — particularly those in tech that trade on future earnings expectations — are getting hit because those later profits are not as attractive if inflation eats into their value, he said.

The Fed now projects gross domestic product to improve by 6.5% this year, up from a 4.2% projection it made in December. As the U.S. economy reopens and more consumers venture outside of the home more, cyclical companies, such as travel, will stand to benefit greatly, Cramer said.

“The Fed’s basically saying, ‘Party on, industrials,’ which causes the hedge funds to buy them hand over fist,” the host said.

“Problem is, if they want to buy the banks or the smokestack stocks … they need to sell something else,” he said, such as “the high-growth tech stocks that they always dump, and that’s called the hedge fund playbook.”


## https://www.cnbc.com/2021/03/18/jim-cramer-investors-dumping-stocks-on-fed-policy-are-making-a-mistake.html

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-19 18:50 | Report Abuse

Always listen to expert...

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-20 18:43 | Report Abuse

Keyman188 always learn from professional or experts...


应买价值股还是成长股?(冷眼)


https://klse.i3investor.com/blogs/cold_eyed_step_by_step/2021-03-20-story-h1542898574.jsp


https://www.enanyang.my/财经新闻/应买价值股还是成长股?(上)冷眼

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-20 18:43 | Report Abuse

Great time to learn...

profitgrow

773 posts

Posted by profitgrow > 2021-03-24 10:49 | Report Abuse

never trust keyman188

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-24 10:55 | Report Abuse

Yes...Strongly advise "never trust Keyman188"...

wkwkwk...kekeke...


Keyman188 not professional or experts...


But always like to learn from professional lahhh....


Invest what you can understand...


But Keyman188 still holding @ 2.60++ until now to receive passive income from dividend lahhh...


Yes...Strongly advise "never trust Keyman188" for those short term traders or gamblers...


wkwkwk...kekeke...


如何强化持股能力?最大化买对股票后的赚幅?!(上集) - 陈剑


## https://klse.i3investor.com/blogs/kianweiaritcles/2021-03-23-story-h1542956421.jsp





Posted by profitgrow > Mar 24, 2021 10:49 AM | Report Abuse

never trust keyman188

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-24 11:16 | Report Abuse

Not all human born can know everything...

Keep learning...

Once again...Keyman188 not professional or experts...

Unable advise you how to do...what to do...

Better obtain advise from your experts or professional bodies...

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-24 11:18 | Report Abuse

Bear in mind...

Always invest what you can understand...

Always invest what risk you can absorb...

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-24 12:23 | Report Abuse

Turning point seen for Malaysia stocks as foreigners pile in

(March 24): Overseas investors have been pulling out of Malaysian equities for 20 straight months. March could mark the turn of the tide.

Foreigners have poured a net US$97 million into local stocks this month through March 22, while withdrawing a combined US$1 billion from four other Southeast Asian markets tracked by Bloomberg.

The inflows come as valuation of Malaysia’s main equity gauge is now the cheapest in the region while the dividend yield of 3% is the highest among major Asia Pacific indexes after Singapore.

Foreigners becoming net buyers would mark a rare event for a market that saw global funds pull a record US$5.7 billion last year. That’s as political upheaval combined with the Covid-19 outbreak to sour sentiment even as local investors turned Malaysian glove makers into one of Asia’s hottest pandemic trades.

“There’s a thematic play for Malaysia in a sense that it has underperformed,” said Geoffrey Ng, director at Fortress Capital Asset Management Sdn Bhd. “Part of why there was so much foreign selling earlier was because of political uncertainty, which is fading now.”

Malaysia in January declared a state of emergency to tackle surging coronavirus infections. That allowed Prime Minister Tan Sri Muhyiddin Yassin to suspend parliament until the emergency ends in August, amid calls for immediate snap polls from the ruling coalition’s largest party.

Muhyiddin has said he will hold an election as soon as the pandemic is brought under control. He came to power in March last year after securing a razor-thin majority following the abrupt resignation of his predecessor Tun Dr Mahathir Mohamad.

Monthly withdrawals
Foreign shareholdings in Malaysian companies stood at 20.4% at the end of February, near the lowest in more than a decade, according to CGS CIMB Research. Ending March with a positive number would snap the longest run of foreign monthly withdrawals since at least 2009.

The Bursa Malaysia KLCI Index, down more than 5% from a December peak, is up 1.1% in March, poised for its best month this year. Beaten-down bluechips like casino operator Genting Bhd, banks and utilities have led the gains as new Covid-19 infections slow and vaccines are rolled out.

Even so, Credit Suisse Group AG cut Malaysia to underweight from market weight. The bank downgraded developing stocks due to a stronger US dollar, slow rollout of vaccines in the region and political risks in some commodity-exporting markets.

“Its just one month of data so we have to see if this trend continues,” said Ng.


## https://www.theedgemarkets.com/article/turning-point-seen-malaysia-stocks-foreigners-pile

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-24 12:23 | Report Abuse

Big Boy is coming back soon...

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-25 08:56 | Report Abuse

Keyman188 always willing to learn from professional or experts...

The latest tutorial is the constructive lesson we need to examine...

如何强化持股能力?最大化买对股票后的赚幅?!(上集) - 陈剑

符合这个条件的股票才真正值得你长期持有!(如何强化持股能力?下讲) - 陈剑

https://klse.i3investor.com/blogs/kianweiaritcles/2021-03-23-story-h1542956421.jsp

https://klse.i3investor.com/blogs/kianweiaritcles/2021-03-24-story-h1542961317.jsp

-------------------------------------------------------------------------------------------

What are the key points Keyman188 can learned from this tutorial :-

1) Using "bond investment cognition" to hold long term investment position

2) Using "dividend reinvestment plan" approach to increase long term shareholding

3) How to set the safety margin for long term investment position


-------------------------------------------------------------------------------------------

Let using Axiata share as an example...

Keyman188 holding cost average about 2.60++...

Keyman188 had received dividend received for the past 12 months (based on ex-date from Apr'20 ~ Mar'21)

24/03/21 - RM 0.05

28/09/20 - RM 0.02

Total dividend received = RM 0.070

Dividend yield = 2.67% per share

Capital appreciation growth = +40% (based on 24/03/21 closing price of RM 3.66)

Capital appreciation of investment also part of the investment return...

Furthermore, since Axiata part of the recovery stock with strong fundamental & growing company....

Recent share price also gradually on the recovery road...


-------------------------------------------------------------------------------------------


Is it the right time to start your million dollar dream ???...

Is it the right time to start your long term position instead of short term profit ???....


** The final decision is on your heart now

numberone

372 posts

Posted by numberone > 2021-03-26 16:14 |

Post removed.Why?

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-27 09:47 | Report Abuse

S&P 500 closes at a record, Dow jumps 450 points as stocks rally in the final minutes of trading

(PUBLISHED THU, MAR 25 20216:06 PM EDTUPDATED FRI, MAR 26 20214:31 PM EDT)

U.S. stocks climbed on Friday, finishing the volatile week on a high note as stocks benefiting from a successful economic reopening outperformed again.

The Dow Jones Industrial Average closed 453.40 points higher, or 1.4%, to 33,072.88. The blue-chip benchmark was up only 65 points earlier in the day. The S&P 500 rose 1.7% to 3,974.54, hitting a record closing high and bringing its 2021 gains to 5.8%. The Nasdaq Composite erased a 0.8% loss and ended the session 1.2% higher to 13,138.72.

All three major benchmarks rallied to their session highs into the close with the Dow jumping tacking on more than 150 points in the final 8 minutes of trading. It was broad-based late buying. Beaten-up tech like Apple rallied into the green in the final minutes. Banks, energy and materials were all big winners in the final minutes and on the day.

President Joe Biden on Thursday announced a new goal of having 200 million Covid vaccination shots being distributed within his first 100 days in office. As of Friday, 100 million coronavirus vaccinations had been given since Biden was inaugurated.

Financial stocks rose after the Federal Reserve announced that banks could resume buybacks and raise dividends starting at the end of June. The central bank originally said it would lift pandemic era restrictions in the first quarter, but even the delayed move gives investors more clarity. Shares of JPMorgan rose 1.7%, while Bank of America advanced 2.7%.

Fears of rising inflation eased after data showed tame price pressures. The core personal consumption expenditure price index, which strips out volatile food and energy prices, rose 0.1% month over month, matching expectations from economists polled by Dow Jones. Year over year, the gauge climbed 1.4%, slightly lower than a 1.5% estimate.

“Softer-than-expected PCE deflator data support the idea that Treasury yields will likely consolidate over the short-term,” said Edward Moya, senior market analyst at Oanda. “The lower the baseline for inflation, the easier markets can become convinced that the upcoming pricing pressure surge will be transitory.”

The 10-year U.S. Treasury yield came off its high following the inflation data, and inched back up throughout the day. The benchmark rate rose 6 basis points to 1.67%.

Meanwhile, consumer sentiment in the U.S. continued to rise amid the vaccine rollout. A University of Michigan survey released Friday showed the final reading of the index of consumer sentiment was 84.9 in March, up from 76.8 in February. Economists polled by Dow Jones expected a reading of 83.7.

The Dow and the S&P 500 posted modest gains for the week, up 1.4% and 1.6%, respectively. The Nasdaq fell 0.6% on the week, however. The market rally has slowed down in recent weeks as rising interest rates and valuation concerns hit tech names.

“The market has felt like more of a grind lately, and this may become more of the norm as we enter year two of the recovery,” said Larry Adam, chief investment officer at Raymond James. “These periods, like most, do not move in straight lines, as drawdowns will occur along the way. This is not troubling, but investors should expect some weakness and take advantage as it occurs.”


## https://www.cnbc.com/2021/03/25/stock-market-open-to-close-news.html

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-27 09:48 | Report Abuse

OMG...Monday global market will follow US sentiment to surge further...


CHEERS..........

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-28 14:08 | Report Abuse

More Than 528 Million Shots Given: Covid-19 Tracker

In the U.S., 140 million doses have been administered; rollout goes global

(Updated: March 28, 2021, 8:06 AM GMT+8)


The biggest vaccination campaign in history is underway. More than 528 million doses have been administered across 141 countries, according to data collected by Bloomberg. The latest rate was roughly 13.8 million doses a day.

In the U.S., more Americans have received at least one dose than have tested positive for the virus since the pandemic began. So far, 140 million doses have been given. In the last week, an average of 2.68 million doses per day were administered.


## https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-28 14:09 | Report Abuse

Israel successfully vaccinated...

US faster than expected...

numberone

372 posts

Posted by numberone > 2021-03-29 22:03 |

Post removed.Why?

aliyusof

1,393 posts

Posted by aliyusof > 2021-03-30 15:43 | Report Abuse

edw1n94...is news positive for axiata which has quite big operations or business in Indonesia? Thanks

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-04 12:21 | Report Abuse

Covid vaccinations hit another record, average now above 3 million daily

(PUBLISHED SAT, APR 3 20215:45 PM EDT)

~ The U.S. is now administering more than 3 million new Covid vaccine shots daily, based on a seven-day average of CDC data.

~ On Saturday, the public-health agency reported a record 4.1 million new doses were given.

The U.S. reported on Saturday another daily record of new Covid vaccine doses administered, pushing the weekly average of new shots per day above 3 million, according to data compiled by the Centers for Disease Control and Prevention.

The public-health agency on Saturday reported 4.1 million new doses were given, the highest daily mark since the Food and Drug Administration cleared vaccines for emergency use late last year.

About 104.2 million U.S. residents, or 31% of the population, have received at least one vaccine dose, according to the CDC, while 59.9 million people, or 18% of the population, are fully vaccinated. Pfizer and Moderna’s vaccines require two doses for full immunity protection; Johnson & Johnson’s vaccine, which received limited clearance in late February, is a single-shot regime.

Three-quarters of U.S. residents who are age 65 and older have received at least one vaccine dose, CDC data shows, providing crucial protection against the disease to a vulnerable group of Americans. As of March 31, nearly 81% of the country’s Covid deaths have occurred in people age 65 and up.

The rise in daily vaccine doses administered comes as available supply increases and eligibility is expanded across the nation. In states such as Texas, Kansas and Ohio, all residents age 16 and older are now able to get the vaccine.

The vaccine milestone Saturday arrives against a somewhat mixed picture for coronavirus cases and deaths in the past week. The country’s seven-day average of new daily infections sits at 64,617, up 6% compared with a week ago, according to a CNBC analysis of Johns Hopkins University data. Cases are growing in 26 states, plus Washington D.C., CNBC’s analysis shows.

However, the U.S. weekly average of new deaths per day is down 12% to 847.

President Joe Biden has urged the country to continue remaining vigilant around coronavirus spread despite significant progress on the vaccine rollout. “Too many Americans are acting as if this fight is over,” Biden said Friday. “It is not.”

Also on Friday, the CDC said people who have been fully vaccinated against Covid can travel at “low risk to themselves,” while still stressing the need to wear a mask and maintain physical distance.

“We continue to encourage every American to get vaccinated as soon as it’s their turn, so we can begin to safely take steps back to our everyday lives,” CDC Director Dr. Rochelle Walensky said in a statement that accompanied the guidance change. “Vaccines can help us return to the things we love about life, so we encourage every American to get vaccinated as soon as they have the opportunity.”


## https://www.cnbc.com/2021/04/03/covid-vaccinations-hit-another-record-average-now-above-3-million-daily.html

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-04 12:21 | Report Abuse

New Life...New World...

Cheers...........

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-05 08:49 | Report Abuse

U.S. says 165 million doses of COVID-19 vaccine been administered so far

(April 5, 20212:17 AMUpdated 6 hours ago)

(Reuters) - The United States has administered more than 165 million doses of COVID-19 vaccines in the country as of Sunday morning and distributed nearly 208 million, the U.S. Centers for Disease Control and Prevention (CDC) said on Sunday.

That is up from the 161,688,422 vaccine doses the CDC said had gone into arms by Saturday out of 207,866,645 doses delivered.

The agency said 106,214,924 people had received at least one vaccine dose, while 61,416,536 people have been fully vaccinated as of Sunday.

The CDC tally includes two-dose vaccines from Moderna Inc and Pfizer/BioNTech,, as well Johnson & Johnson’s one-shot vaccine as of 6:00 a.m. ET on Sunday.

A total of 7,742,126 vaccine doses have been administered in long-term care facilities, the agency said.


## https://www.reuters.com/article/us-health-coronavirus-usa-cdc/us-says-165-million-doses-of-covid-19-vaccine-been-administered-so-far-idUSKBN2BR0LV

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-05 08:49 | Report Abuse

Very encouraging campaign...

Cheers......

Posted by BuburCahCha > 2021-04-05 15:36 | Report Abuse

stagnating ... ?? mahu naik ke mahu turun ??

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-06 07:29 | Report Abuse

Dow climbs 370 points to close at a record high amid optimism on the economic recovery

(PUBLISHED SUN, APR 4 20216:03 PM EDTUPDATED MON, APR 5 20214:06 PM EDT)

U.S. stocks climbed to record highs on Monday as a strong bounce in U.S. job growth and solid data in the services sector raised expectations for a swift economic recovery from the pandemic.

The Dow Jones Industrial Average rose 373.98 points to 33,527.19, a record closing high. The S&P 500 gained 1.4% to 4,077.91, also hitting a new record close. The tech-heavy Nasdaq Composite also climbed 1.7% to 13,705.59.

The Labor Department reported Friday that nonfarm payrolls increased by 916,000 in March, the highest since August 2020, while the unemployment rate fell to 6%. Economists surveyed by Dow Jones were expecting an increase of 675,000 and a jobless rate of 6%.

Meanwhile, a measure of U.S. services industry activity soared to a record high in March. The Institute for Supply Management’s non-manufacturing activity index jumped to a reading of 63.7 last month, the highest level in the survey’s history.

“A ‘Capital V’ recovery that is in the early innings,” said Tony Dwyer, Canaccord Genuity’s chief market strategist. “The only thing that could stand in the way would be another shutdown of the economy to contain new Covid-19 strains or a policy mistake by the Fed. Neither appear imminent.”

Tesla shares popped more than 4% as the electric vehicle company reported production and delivery figures that broadly beat expectations.

GameStop shares cut their double-digit losses and closed down about 2% after the video game retailer said it may sell up to $1 billion worth of stock.

Classic reopening plays like airlines and cruise operators outperformed. Delta Airlines and United jumped more than 2% each, while Carnival and Norwegian Cruise Line gained 4.7% and 7.2%, respectively.

Bond yields, whose sudden advance spooked some investors in recent weeks, continued to ease. The 10-year Treasury yield fell slightly to 1.71% on Monday.

“We expect equities and other risk assets to be supported by the new nominal — a more muted response of government yields to stronger growth and higher inflation than in the past as central banks lean against any sharp yield rises,” Wei Li, global chief investment strategist at BlackRock, said in a note.

The stock market is building on its recent strength after President Joe Biden introduced his multitrillion-dollar infrastructure proposal, which focuses on rebuilding roads, bridges and airports, expanding broadband access and boosting electric vehicle use and updating the country’s electric grid. The plan will be funded partly by a hike in the corporate tax rate to 28%.

Treasury Secretary Janet Yellen on Monday pushed for a global minimum corporate tax in an effort to keep companies from relocating to find lower rates.

However, Biden’s plan faces opposition among Republicans as the $2 trillion plan includes initiatives that they say extend beyond traditional infrastructure issues.

Republican Sen. Roy Blunt of Missouri on Sunday urged the Biden administration to pare back the package to roughly $615 billion and concentrate on physical infrastructure such as roads and airports.

Senate Minority Leader Mitch McConnell, R-Ky., said last week that Biden’s plan would not receive Republican support and vowed to oppose the broader Democratic agenda.

On the pandemic front, the U.S. reported another daily record of new Covid vaccinations Saturday, pushing the weekly average of new shots per day above 3 million.

## https://www.cnbc.com/2021/04/04/stock-market-futures-open-to-close-news.html

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-06 07:29 | Report Abuse

Really strong recovery road...

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-06 10:17 | Report Abuse

Fundstrat’s Tom Lee explains why he expects a ‘face-ripper rally’ in April

(PUBLISHED MON, APR 5 20216:37 PM EDT)

~ “I think there’s a level of surprise coming in April because we already had a strong finish beginning Wednesday of last week,” Fundstrat’s Tom Lee told CNBC on Monday.

~ Lee said he believes the S&P 500 could rally roughly 3% by the end of the month.

Tom Lee said Monday he expects the stock market’s strong start to April to continue throughout the month as part of what he’s previously dubbed a “face-ripper rally.”

The co-founder of Fundstrat Global Advisors made his case in an interview on CNBC’s “Fast Money,” following the S&P 500′s 1.4% gain Monday to notch a record close of 4,077.91.

“Institutions raised almost $200 billion of cash since the start of the year, so they’ve turned quite cautious, and they’ve been fading or selling their tech and growth holdings but they’ve only just begun to nibble on the ... epicenter [stocks],” said Lee, whose firm considers those to be companies that were among the hardest-hit in the pandemic but stand to gain from the economic recovery.

“So, I think there’s a level of surprise coming in April because we already had a strong finish beginning Wednesday of last week. It’s really three days of strong rallies and history shows this is really building up to be what could be a, potentially, S&P 4,200 before the end of the month,” Lee said.

The broad equity index reaching that level would represent roughly 3% upside from Monday’s close.

Additionally, Lee said it would make the April rally “something that is both really strong but, more importantly, quite a big surprise for institutions.”

As for what happens after a so-called face-ripper rally, Lee said there could be a period of choppy trading.

“I think if the S&P does in fact rally strongly this month at a time when institutions are sitting on so much cash and there’s so much skepticism on this market, we could see a big chase and that could mark the high for the year,” he said. “I wouldn’t say that’s our base case, but yes, we would have to consolidate these gains.”

## https://www.cnbc.com/2021/04/05/fundstrats-tom-lee-expects-a-face-ripper-rally-in-april.html

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-06 10:17 | Report Abuse

Always trust reliable international fund manager...

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-06 20:44 | Report Abuse

IMF increases global growth forecast and says a way out of the crisis is ‘increasingly visible’

(PUBLISHED TUE, APR 6 20218:31 AM EDTUPDATED TUE, APR 6 20218:38 AM EDT)

~ The latest round of fiscal stimulus in the U.S. along with the vaccine rollouts across the world have made the Fund more confident about the global economy this year.

~ The latest forecasts suggest the United States is well placed to experience a solid economic recovery in 2021, in contrast to what’s expected for most of the world, where many economies are likely to take longer to return to their pre-crisis levels.


LONDON — The International Monetary Fund is now expecting a stronger economic recovery in 2021 as Covid-19 vaccine rollouts get underway, but it warns of “daunting challenges” given the different rates of administering shots across the globe.

On Tuesday the group said it expects the world economy to grow by 6% in 2021, up from its 5.5% forecast in January.

Looking further ahead, global GDP (gross domestic product) for 2022 is seen increasing by 4.4%, higher than an earlier estimate of 4.2%.

“Even with high uncertainty about the path of the pandemic, a way out of this health and economic crisis is increasingly visible,” Gita Gopinath, the IMF’s chief economist, said in the latest World Economic Outlook report.

The latest round of fiscal stimulus in the U.S., along with the vaccine rollouts across the world, have made the fund more confident about the global economy this year.

“Nonetheless, the outlook presents daunting challenges related to divergences in the speed of recovery both across and within countries and the potential for persistent economic damage from the crisis,” Gopinath also said.

The IMF estimated a 5.1% GDP rate for advanced economies this year, with the United States growing at a pace of 6.4% in 2021.

Meanwhile, the forecast for emerging and developing economies is 6.7% in 2021, with India expected to grow as much as 12.5%.

“Within-country income inequality will likely increase because young workers and those with relatively lower skills remain more heavily affected in not only advanced but also emerging markets and developing economies,” Gita warned, while also adding that lower levels of female employment is exacerbating disparities too.

As a result, the IMF said that governments should continue to focus on “escaping the crisis” by providing fiscal support, including to their healthcare systems. In a second phase, “policymakers will need to limit long-term economic scarring” from the crisis and boost public investment, for instance.

“Without additional efforts to give all people a fair shot, cross-country gaps in living standards could widen significantly, and decades-long trends of global poverty reduction could reverse,” Gopinath warned.

Recovery in the U.S.

The latest forecasts suggest the United States is well placed to experience a solid economic recovery in 2021, in contrast to what’s expected for most of the world, where many economies are likely to take longer to return to their pre-crisis levels.

The positive assessment for the U.S. is highly driven by President Joe Biden’s $1.9 trillion coronavirus rescue package, which entered into force last month.

As such, unemployment in the United States is expected to fall from 8.1% in 2020 to 5.8% this year and then again to 4.1% in 2022, according to the latest IMF projections.

Back in February, Treasury Secretary Janet Yellen said the U.S. could return to full employment in 2022. “There’s absolutely no reason why we should suffer through a long slow recovery,” she told CNN at the time.

The IMF’s latest forecasts confirm that the U.S. is on track to not only return but surpass its pre-Covid levels this year.

“Among advanced economies, the United States is expected to surpass its pre-Covid GDP level this year, while many others in the group will return to their pre-COVID levels only in 2022,” Gita said.


## https://www.cnbc.com/2021/04/06/imf-world-economic-outlook-april-2021-global-gdp-to-hit-6percent.html

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-06 20:44 | Report Abuse

Global economy driven by US & China upcoming...

profitgrow

773 posts

Posted by profitgrow > 2021-04-07 12:04 | Report Abuse

whats the target price for Axiata?

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-07 22:20 | Report Abuse

JPMorgan’s Dimon Says ‘This Boom Could Easily Run Into 2023’

(April 7, 2021, 6:10 PM GMT+8Updated on April 7, 2021, 9:39 PM GMT+8)


Jamie Dimon said he’s optimistic the pandemic will end with a U.S. economic rebound that could last at least two years.

“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom,” the JPMorgan Chase & Co. chief executive officer said Wednesday in his annual letter to shareholders. “This boom could easily run into 2023.”

Unprecedented federal rescue programs have blunted unemployment and averted further economic deterioration, according to Dimon, who said banks entered the crisis strong and able to help communities weather the storm. While lenders also benefited from U.S. stimulus, they built up buffers against future loan losses and performed well in stress tests, he said.

Dimon also pointed to U.S. consumers, who used stimulus checks to reduce debt to the lowest level in 40 years and stashed them in savings, giving them -- like corporations -- an “extraordinary” amount of spending power once lockdowns end. The latest round of quantitative easing measures will have created more than $3 trillion in deposits at U.S. banks, a portion of which can be lent out, he said.

It could all add up to a Goldilocks moment, according to Dimon, where growth is fast and sustained while inflation ticks up gently. Threats to that outcome include virus variants and a rapid or sustained jump in inflation that prompts rates to rise sooner.

At 65, Dimon is the most prominent executive in global banking, serving as a spokesman for the industry while leading a titan of both Wall Street and consumer lending. He’s run the company since the end of 2005, and is the only CEO still at the helm after steering a major bank through the financial crisis.

The 65-page letter (plus a page of footnotes) is Dimon’s longest yet, following last year’s abbreviated one that came less than a week after he returned to work from emergency heart surgery. As always, it is wide-ranging, touching on topics from financial regulation to China to inequality and institutional racism.


## https://www.bloomberg.com/news/articles/2021-04-07/dimon-says-fintech-and-big-tech-are-here-as-banks-lose-ground?srnd=premium-asia

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-07 22:20 | Report Abuse

Global market is booming soon...

Keyman188

5,968 posts

Posted by Keyman188 > 2021-04-08 08:19 | Report Abuse

Axiata & Digi both suspended at the same time...

Is it merger talk emerged again !!!...........

Posted by supermaxdarren > 2021-04-08 09:14 | Report Abuse

should merging soon...no more plan to merge

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