Hold fast guys... The ship steady heading north

Or miss the boat

Vol is good .... At .350 still coming in strong pushing north.... Lets consolidate position ..

Yes. .. look at the suppoer lvl..strong the driver force is compensation or reinstate..why wurry...

+news

June 16): Asian stocks are set to gain on Tuesday after the Federal Reserve said it will begin buying a broad portfolio of corporate bonds, overshadowing concerns of a second pandemic wave and helping lift U.S. equities.

Futures were higher in Japan, Australia and Hong Kong. S&P 500 Index futures ticked higher at the open after the benchmark closed up 0.8% after swinging from loss of as much as 2.5% amid second-wave concerns, to a gain of as much as 1.3%. That was triggered by the Fed saying it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds. Oil rebounded after dropping to less than $35 a barrel. Treasuries dipped and the dollar retreated against major peers.

Agreed with robo..

Basically what is a placement? When a company wants to raise additional funds, it can either increase borrowing or issue new shares (also known as issuing equity or raising equity capital). When a listed company issues new shares, this is called a placement.

Gud

.Legend do not talk stupid things here.... All other traders are as brainy as you or even better..we re here to share info for constructive not misleading , provocative in nature.... Ayaaaa

Legend you sold is ur business... Ur decisions... Good to you... Trade base on TA and good news..do not simply .... Its good you gain... Well dun..but others are waiting patiently to be better off than you i reckoned or a better handsome gain...

If You hepi with what you got well good.....well dun to u

Sure to moon..my guts agreed with u huat huat

Thats why we need ppl like huat huat... Hahaaaaa good of u bro

Surely pres flyies no doubt heading north... The pressure is on the Gov...

Bullied gp of ppl..as if the coy at their mercy... Extortionist. ...atittude

Lee the main reasons lets be honest..... Emo and political hidden hands stupidity.....we bz entities must hve safeguard mechanism to protect our stakeholders... Not the Gov..but the ppl that within the gov.... Simply toying with taxpayers monies..not theirs...

Every day is risk anyway..but with knowlegde..we can mitigate the rislk into opportunities.... Hahaaaa

.+News IT sector

Bernama | 2020-06-13 20:07:27
KUALA LUMPUR (June 13): Businesses and the public will benefit from the National Economic Recovery Plan (Penjana) incentives on digitalisation and technology which when properly implemented will lead to a surge in business productivity, said the Malaysia Productivity Corp (MPC).

MPC director-general Datuk Abdul Latif Abu Seman said digitalisation is inevitable and the agency has seen the welcoming impact of digitalisation in recent months.

"The focus on digitalisation in Penjana is a dose to the economic recovery. MPC through the Digital Productivity Nexus (DPN) will assist the effective implementation of the incentives announced," he said in a statement.

DPN, one of the nine sectoral productivity nexuses established under the Malaysia Productivity Blueprint, welcomes the prime minister's announcement on incentives for digitalisation under Penjana.

DPN champion Datuk Wei Chuan Beng said Penjana will benefit industry players by empowering businesses to adopt digitalisation in the bid to boost productivity.

Digitalisation boosts productivity growth for a country's long-term development, Wei said, noting highly productive economies adapt quickly to technological changes.

DPN has embarked on the Go BIG with Digital initiative, which aims to achieve breakthrough productivity via digital and technology adoption for drastic and huge impacts in businesses.

The initiative focuses on catalysing productivity growth for breakthrough results, strengthening integrity, and empowering best practices and good values to increase productivity growth, through the adoption of the Fourth Industrial Revolution as well as promoting stronger connectivity and technological innovation.

Emm

Legend. Pls do not mislead..us.....
Statement uttered must back up with facts..like u said gov never pay cash .....history... Mislead

2. Markt need to come down...... Come on legend... Traders here are not naive.....we want something outside the box views and facts not that of already norml... Markt up down u dont hve to tell us about it..surely traders are in the know.....what we re interested like SP level, exit entry point analysis, break even...sentiment thst drives the up down stock , global influence, catalyst gov incentive tin Tech sector etc.... Huat huat input is superb..........tq huat huat you re very helpful and constructive indeed.....

True

Be patience.....

Hajaà...durian trip. ... Segamat run

Yes nice elaboration...Robo....trades with bullets gents not to forget your bullet proof vests . Gud luck me ..you..all press bhd fighters

For reading and decision making....Have good weekends...durian seasons guy .....

More +++ News for Technology Sectors.

Prepare for digital economy

By Bernama | 2020-06-12 19:38:28
PUTRAJAYA (June 12): Malaysia today shared its key digital initiatives in combating the spread of Covid-19 with ASEAN member countries and China at the online opening ceremony of ASEAN-China Year of Digital Economy Cooperation.

Presenting the initiatives via teleconferencing, Deputy Communications and Multimedia Minister Datuk Zahidi Zainul Abidin shared with the online forum on the development of e-Covid-19, a dedicated platform to collect information about Covid-19 patients which is equipped with dashboard and data analysis, to assist the Crisis Preparedness and Response Centre (CPRC) and ease the load of frontliners.

“We (Malaysia) look forward to greater collaboration and cooperation between ASEAN and China to share best practices and to support one another as we combat the pandemic and *accelerate the digital economy* post-Covid 19,” he said.


He also shared on the development of DoctorOnCall platform, Malaysia’s online medical video-consultation platform that combines advanced video and voice technologies with the medical experience of Malaysia’s top doctors, and a contact tracing mobile application, Gerak Malaysia, to allow enforcement authorities to give permission and monitor those who need to travel interstate.

He also shared with the forum on the National Economic Recovery Plan or PENJANA which among the objectives was to stimulate business and people's economy, which include initiatives to boost digital business.

Other initiatives taken by Malaysia include digital skills development, helping micro small and medium enterprises migrating to online business platform, intensified the use of cashless payment systems and delivery of government services through online platforms, he said.

Source. The Edge

The key essential facts .

Prestariang wishes to reiterate [that] its unit has never defaulted on the CA. Despite the agreement for a 15-year concession, the government unilaterally terminated the CA by way of expropriation, which took effect on Jan 22, 2019. Prestariang SKIN strongly believes that the CA was fair and reasonable,” the group said in a statement when it filed the suit.

To recap last year and up to present the situation of Presbhd yo yo tussle with the gov

DGE – PUTRAJAYA (June 10): The government has lost its bid at the Court of Appeal to have Prestariang Bhd’s RM733 million legal action be converted from an originating summons (OS) into a writ.

Prestariang filed the action to claim the amount from the government in 2019 following the termination of the national immigration control system (SKIN) project.

An OS is a simpler and swifter method to resolve legal disputes as it would be determined based on affidavits filed, as compared to a writ where it is a civil action involving substantial disputes of fact and normally witnesses would be called to court to testify and be cross-examined by the other side.

With the appeals court’s decision today to dismiss the government’s application, the matter will proceed for trial at the High Court in Kuala Lumpur from July 1 to 3.

“The bench is unanimous that there is no merit in the appeal. The appeal is dismissed,” said Justice Datuk Lau Bee Lan.

The other members on the bench were Justices Datuk Lee Swee Seng and Datuk Hadhariah Syed Ismail.

The court also ordered the government to pay RM2,000 in costs to Prestariang.

Senior federal counsel Abdul Hanir Hambali told the court that the government was disputing the entire amount in the formula calculated by Prestariang, and as such it was appropriate that the OS be converted into a writ when the matter goes on trial.

“The formula [of calculating damages in Prestariang] is not acceptable as it does not test on work done,” he said, stressing that the quantum sought was unreasonable according to that formula.

“The amount is exorbitant and in our view it constitutes a penalty [on the government]. For this reason, we would be calling our expert witnesses and also we would like to cross-examine their witnesses,” he added.

Prestariang’s counsel Datuk Lim Chee Wee said liability in this case was undisputed and the rightful quantum was the only issue to be determined.

“The quantum can be assessed based on affidavit evidence with cross-examination if necessary. We are allowing our witnesses to be cross-examined and hence there is no reason to change into a writ,” he added.

Citing case laws in a Singapore case, Lim said alleged disputed facts alone were not enough for conversion from an OS to a writ.

He submitted that there was no error in the High Court judge’s decision.

Prestariang had filed its suit through its unit Prestariang SKIN Sdn Bhd. The amount sought was based on the contractual formula provided for in the concession agreement (CA).

Prestariang decided to file the suit as the two sides were unable to reach an agreement on the quantum to be paid by the government after engaging in a few rounds of negotiation.

Prestariang SKIN secured the RM3.5 billion SKIN project in August 2017 from the previous Barisan Nasional government. The project involves a 15-year concession to design and maintain a new immigration and border control system.

On Dec 10 last year, the Pakatan Harapan government announced that the Cabinet had decided to scrap the project in favour of a new system that would save government funds.

The concession involved a three-year build and deployment phase and a 12-year maintenance and technical operation phase. Payment by the government to Prestariang SKIN was to commence upon the full commissioning of the system with an average annual payment of RM294.7 million.

“Prestariang wishes to reiterate [that] its unit has never defaulted on the CA. Despite the agreement for a 15-year concession, the government unilaterally terminated the CA by way of expropriation, which took effect on Jan 22, 2019. Prestariang SKIN strongly believes that the CA was fair and reasonable,” the group said in a statement when it filed the suit.

FACTS – Originating Summons
Originating Summons (OS) is one of the two modes in commencing a civil action. An action is commenced by an OS when (1) it is required by a statute or (2) a dispute, which is concerned with matters of law, is unlikely to be any substantial dispute of fact. An Originating Summons may be in Inter partes or Ex-parte of the Rules of Court. OS is heard based on affidavits filed in support. OS cases are heard by registrars or judges in chambers or in open Court. A judicial decision is made by hearing the lawyers and assessing the affidavits filed either in support of or in opposition to the OS. Witnesses may be called to give testimony and pre-trial conferences may or may not be conducted. An application can be made to convert an OS into a Writ at any stage of proceedings. Alternatively, the Registrar or Judge can decide to convert an OS into a Writ without any application from the parties. Once the decision to convert has been made, the steps relating to a Writ applies. The Registry will assign a new Suit Number to the proceedings and a pre-trial conference will be called for the service of the Statement of Claim

Miz raya...you great for sharing ......

+News for IT sectors

MDEC welcomes foreign digital investments in Malaysia post-COVID-19

By Bernama | 2020-06-13 01:23:51
KUALA LUMPUR (June 12): Malaysia Digital Economy Corporation (MDEC) welcomes foreign digital investments into the local market with the gradual reopening of economic sectors following the Government’s success in containing COVID-19.

Chief executive officer Surina Shukri said MDEC had recently submitted a proposal to the Economic Action Council on efforts to accelerate the growth of the country’s digital economy post-COVID-19, which it viewed as a priority in addition to enhancing business applications and services as well as continuing to get people to embrace digitalisation in adjusting to the new normal.

“Malaysia is now in the economic recovery phase. Therefore, we are welcoming digital investors that seek to expand their operations in the country and make Malaysia a springboard to explore the ASEAN market which has a lot of potential,” she said during a recent webinar organised by MDEC titled “Pre and Post COVID-19: Malaysia's Digital Economy As A New Driver of Development.”

Malaysia, she said, was ready to regain the trust of foreign investors.

“The country has been recognised as a choice location for Fortune 500 and digital technology companies and is on the right track to be the Heart of Digital ASEAN based on its dynamic ecosystem, competitive and skilled workforce and robust infrastructure,” she added.

Meanwhile, Smita said the Digital Free Trade Zone initiative launched by MDEC reflected the country’s preparedness based on its solid basic infrastructure and logistics services to ensure the growth of the e-commerce sector.

As for Siddhartha, he opined that Malaysia had a good track record in the services sector as well as infrastructure network and Internet coverage.

“Malaysia has invested in its infrastructure facilities and has the right momentum to expand its digital economy. In the long term, Malaysia should perhaps consider increasing the Internet speed and coverage especially in the rural areas,” he said.

Source The Edge

Hua. .agreed with u bro.... To get $733 mil compensation. Its take donkey years .this is for sure.. do u think so... Yess go

.Any bad good news we share altogether as to educate and guide us in our trading..thats all..... just throw the views..... Decisions is oneself...hahaaa but at least guided decision with clear conscious..let our monies growwwwwwwwwws..... may God bless us all traders bro

IT sectors will be enjoying the lucrative opportunities lay ahead..yesssss

It reflects that the local markets forces are consolidating despite of here there knee jerk. Fdi should start to coming through...... But on the cautios note on political imperatives stability... If this issue is over... Theoritically..there will be influx of FDI into the country.... Ennmm

demusangking...u remind me of durians..hahaaaaa no wurries.... Next week global bourses should rebound..

+News. The Edge source

KUALA LUMPUR (June 12): The government is looking at raising RM35 billion in borrowings to finance the higher deficit brought about by the fiscal injections, amid the economic challenges posed by the Covid-19 pandemic.

Finance Minister Tengku Datuk Seri Zafrul Aziz said this will be done entirely through local borrowings, adding that the local market is deep enough.

“Our fiscal injection amounts to about RM45 billion and we have to borrow probably around RM35 billion.

“We have enough to tap the market and borrowing today is also cheaper, as BNM (Bank Negara Malaysia) has reduced the OPR (overnight policy rate) by 50 basis points so we are able to tap the market,” he told.

Lost in court case? ?? First and foremost...are u in the know what is the issue and the tussle all about? Please scroll previous earlier chats.... .lots of talks and exchange of views can be found there.... Please...tq

Hve pressbhd in mind..hve a good durian trip .....eatery..hahaaaa

Trade happily....dance with the song...but watchful mindful your footstep....looking for quiet weekend guys...

No noise no fun...heheheee

Agreed sowq...

Gud luck guys..... All stocks in bskl are good..otherwise they wont be there. Its normal bz up down...... but choosing of quality stocks..... Again its about your strength capital and your preferences and confidence levl , risk overriden gain ... ..etc...

Come on the fights is on

IT sectors are quite resilience and sustainable compare to other sectors.....

Market up down is part of game..problem is being able read it assess it withs facts and omni considerations... Before commit decision....its needs ..this is real experience, knowledgable and lots of consideration to leverage and gives us the adv..this is most difficult to acquire... Risk level assessement..how much we re able to cushioned it only us oneself can decide......emmmm patience guys

Simple no good stock... Play shy out of it... Do not trouble ourself unnecessary..hhhhha

Perceptions

Hope this dead horse revitalised .... Ready to race once more....... Die hard hahaaaaa

Rite kenie..trading is on your own risks... Trade with Cautious and rightly... Own risk taking but be calculative. Thats the cue..otherwise if start blaming others. Then might as well do not trade...find another option of oneself liking. Hepi trading guyssss

Emm

Die hard

You rite kenie .i agreed at times wake up call hahaaaaa

Trading is on your own judgement.. this forum is merely informative in nature and please no words harrassement or prejudgemental... No need to urge people to buy or sell... Decisions is yours guys.... We jyst here chat intelllectually the market and stock performance ..best to ur trading preferences and gain..thats all....enmm