CIMB bank had exposure amounting to some RM500 million to troubled Singapore oil trader, Hin Leong Trading Pte Ltd.

demand for illicit cigarettes in Malaysia was recently reported as having increased during the movement control order (MCO) with legitimate manufacturers disallowed from distributing cigarettes, with illegal cigarette syndicates allegedly intensifying their use of e-commerce and social media platforms coupled with e-hailing and courier services to meet the increased demand.

Tax accountants: Malaysia should bring back GST but at 3pc and reduce cigarettes’ tax to boost govt coffers

Wake up already

Now Cash is King.

The bus is liable to be forfeited.
Known as Bas Pekerja, the bus is typically used to transport workers from Johor Bahru to Singapore.

1,400 cartons of contraband cigarettes were found hidden in a Malaysia-registered bus at Tuas Checkpoint last week.

TP 8.80

Maybank announced 39Sen Dividend

Maybank / Dividend 39Sen

Next Qtr report to release in late March.

Final Dividend to announce tomorrow.

Dividend 0.32Cents coming

As Warren Buffett said in his interview

"Don’t buy or sell ‘based on today’s headlines’

If it gives you a chance to buy something you like and you can buy it even cheaper, you’re in good luck,” he said, adding that “you can’t predict the market by reading the daily newspaper.”

As Warren Buffett said in his interview

"Don’t buy or sell ‘based on today’s headlines’

If it gives you a chance to buy something you like and you can buy it even cheaper, you’re in good luck,” he said, adding that “you can’t predict the market by reading the daily newspaper.”

Qtr result to announce on Wednesday.

TP 8.90

Next support level Rm 8.28

China reports bird flu H5N1 outbreak.

November 2003 — three months after the SARS concerns eased — the KLCI was up 19% from pre-SARS levels. The strongest performers were rubber gloves (+91-210%).

November 2003 — three months after the SARS concerns eased — the KLCI was up 19% from pre-SARS levels. The strongest performers were rubber gloves (+91-210%)

November 2003 — three months after the SARS concerns eased — the KLCI was up 19% from pre-SARS levels. The strongest performers were rubber gloves (+91-210%).

Singapore Immigration and Checkpoints Authority (ICA) will, with immediate effect, suspend the issuance of all forms of new visas to those with Chinese passports. Singapore's status as a visa-free transit facility will be suspended for Chinese passport holders.
Malaysia, Thailand and Indonesia immigrations should immediately suspend all Chinese national from entering as well.

Next support level Rm 8.38 and follow with Rm 8,.28 and Rm 8.18

I heard many families in China not only stock up face masks , they also stock up lots of instead noodles.

These few weeks is new coronavirus peak and spreading fast period. Best if all Chinese national in China can quarantine themselves at home.

Comfort expect to go higher in the coming months.

Short Term - TP 1.35

TP 2.20

British American Tobacco (Malaysia) Bhd (BAT Malaysia), the country’s largest tobacco company, is undergoing another round of internal reorganisation, with 20% of its workforce in Malaysia to be laid off. The company employs about 500 people in Malaysia.

TP 8.20

TP 8.20

BAT going to close the plant in Malaysia soon.

The deadline is now Aug 16, "failing which, Utico will walk out”.

Utico has given distressed water treatment firm Hyflux two more weeks to consider its S$400 million investment offer and sign a “definitive agreement”.
Utico take an 88 per cent equity stake in Hyflux for S$300 million as equity and S$100 million as a shareholder loan.

President Donald Trump wrote in a Twitter post that the administration would be imposing 10% tariffs on $300 billion worth of Chinese imports at the beginning of September.

Will drop to Rm 20.00