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Kanger’s largest shareholder sells 4.9% stake in company

KUALA LUMPUR (Nov 16): The largest shareholder of Kanger International Bhd trimmed his stake in the company, which is among those that intend to venture into the rubber glove industry.
In the latest filing with Bursa Malaysia, Kanger announced that its largest shareholder Wu Wai Kong has disposed of 90 million shares or a 4.91% stake in the company.

The block of shares was sold at 17.5 sen apiece in the open market today and the transaction was estimated at RM15.75 million.
After the share sale, Wu’s shareholdings shrank to 6.371% of direct stake or 116.75 million shares while indirect interest stood at 0.097% or 1.78 million shares.
Wu, 36, was first appointed to the board as executive director in October last year.
Kanger's share price closed 0.5 sen higher at 17.5 sen today, giving it a market capitalisation of RM320.66 million. The stock was heavily traded with 170.41 million shares crossing hands today, exceeding its 200-day average volume of 50.47 million shares.
Kanger shares, which were trading as low as nine sen in July, have been climbing on the news and peaked at 31 sen on Sept 22.
The company is principally engaged in the manufacturing and supplying of bamboo products. However, it has announced plans to venture into rubber glove manufacturing and COVID-19 vaccine distribution over the past three months.
In August, Kanger said it would partner with Dubai-based Constellation Holdings Ltd to set up medical examination gloves operations in Malaysia and acquired some 2.24 ha of land in Kuala Selangor for RM6.8 million for a rubber glove manufacturing plant.
One month later, Kanger announced it had entered into a deal with Shenzhen Public Health Technology Co, Ltd (SZPHT) to clinch the rights to distribute a China-developed COVID-19 vaccine in Southeast Asia.
Since then, there has been no update on the ventures.

Bursa advises investors to exercise caution in trading Gets Global shares
KUALA LUMPUR (Nov 16): Bursa Malaysia has advised investors to exercise caution in the trading of Gets Global Bhd shares, which have been skyrocketing to RM3.97 from barely nine sen at end-July.
The regulator said it had issued an unusual market activity query to Gets Global Bhd on Oct 20 and Nov 12, and the group responded by saying it was not aware of the reason behind the counter’s rally.
Hence, Bursa would like to advise investors to exercise caution and to make informed decisions in trading Gets Global shares.
“Bursa Malaysia Securities will not hesitate to take appropriate regulatory action to ensure fair and orderly trading of Gets Global shares”, the exchange stressed in the announcement.

Meanwhile, RHB Investment Bank Bhd has required investors to have collaterals, either in cash or shares, in their trading accounts, in order to execute purchase orders for Gets Global shares starting today (Nov 16).
It is understood that the investment bank requires its clients to have cash on the basis of 1:2 and/or share collateral on the basis of 1:1 in their trading accounts for all purchase orders for shares in bus operator GETS Global and construction firm Vivocom, both of whose share prices had rocketed.
Gets Global's shares price has been on a steep upward trend since early August, when it was traded at around 10 sen. Since then, the company had been slapped with unusual market activity (UMA) queries by Bursa three times on Aug 26, Oct 20 and Nov 12.

Bursa advises investors to exercise caution in trading Gets Global shares
KUALA LUMPUR (Nov 16): Bursa Malaysia has advised investors to exercise caution in the trading of Gets Global Bhd shares, which have been skyrocketing to RM3.97 from barely nine sen at end-July.
The regulator said it had issued an unusual market activity query to Gets Global Bhd on Oct 20 and Nov 12, and the group responded by saying it was not aware of the reason behind the counter’s rally.
Hence, Bursa would like to advise investors to exercise caution and to make informed decisions in trading Gets Global shares.
“Bursa Malaysia Securities will not hesitate to take appropriate regulatory action to ensure fair and orderly trading of Gets Global shares”, the exchange stressed in the announcement.

Meanwhile, RHB Investment Bank Bhd has required investors to have collaterals, either in cash or shares, in their trading accounts, in order to execute purchase orders for Gets Global shares starting today (Nov 16).
It is understood that the investment bank requires its clients to have cash on the basis of 1:2 and/or share collateral on the basis of 1:1 in their trading accounts for all purchase orders for shares in bus operator GETS Global and construction firm Vivocom, both of whose share prices had rocketed.
Gets Global's shares price has been on a steep upward trend since early August, when it was traded at around 10 sen. Since then, the company had been slapped with unusual market activity (UMA) queries by Bursa three times on Aug 26, Oct 20 and Nov 12.

ASPs to drop even as glove demand stays up post-pandemic — AmInvestment Bank

KUALA LUMPUR (Nov 12): AmInvestment Bank believes that while glove demand will stay stable post-Covid-19 pandemic, average selling prices (ASPs) will drop as there will no longer be a rush for gloves.
We reckon that ASP will stabilise at a higher level than pre-pandemic level due to the broader usage of gloves,” it said in a note on Top Glove Corp Bhd today.

The research house’s analyst Thong Pak Leng said it believed that glove demand will remain strong, based on reasons outlined by Top Glove during a webinar, which include a higher awareness of personal hygiene and broader use of gloves beyond the healthcare sector.
In addition, Thong said there may not be an oversupply of gloves after the pandemic, as Top Glove had pointed out that there are key issues in ramping up supply that need to be addressed, including the availability of contractors to build production lines, the shortage of foreign workers and constraint of nitrile raw material.

Top Glove has also allocated 30% of its capacity for spot orders. “The spot orders for nitrile glove have been fully sold for the next three months. Meanwhile, the spot orders for natural rubber powder-free gloves are also increasing due to the long lead time of nitrile gloves,” said Thong.
Presently, Top Glove has a total production capacity of 90 billion pieces per annum.

To expand further, Top Glove has allocated capital expenditure of RM10 billion over the next five years for capacity expansion to double its current capacity by the end of 2025, said Thong. This will be done in stages whereby 14 billion pieces will be added for FY21 and 16 billion for FY22.

AmInvestment Bank maintains its "hold" call on the stock with a lower fair value of RM7.88, adding that the group’s fundamentals remain solid for the next few years.

“We maintain our view that Top Glove’s net profit will peak in FY21 as demand soars from the Covid-19 pandemic with increased capacity expansions. We make no changes to our FY21–FY23 net profit forecasts at RM6.5 billion, RM2.3 billion and RM2.2 billion respectively.

“Our ASP assumptions are US$60 per 1,000 pieces for FY21, US$35 per 1,000 pieces for FY22 and US$28 per 1,000 pieces for FY23 with an average utilisation rate of more than 80%,” said Thong.

Top Glove is currently fourth on Bursa’s top losers list, having fallen 19 sen or 2.42% to RM7.67. The stock is currently valued at RM62.34 billion.

ASPs to drop even as glove demand stays up post-pandemic — AmInvestment Bank

KUALA LUMPUR (Nov 12): AmInvestment Bank believes that while glove demand will stay stable post-Covid-19 pandemic, average selling prices (ASPs) will drop as there will no longer be a rush for gloves.
We reckon that ASP will stabilise at a higher level than pre-pandemic level due to the broader usage of gloves,” it said in a note on Top Glove Corp Bhd today.

The research house’s analyst Thong Pak Leng said it believed that glove demand will remain strong, based on reasons outlined by Top Glove during a webinar, which include a higher awareness of personal hygiene and broader use of gloves beyond the healthcare sector.
In addition, Thong said there may not be an oversupply of gloves after the pandemic, as Top Glove had pointed out that there are key issues in ramping up supply that need to be addressed, including the availability of contractors to build production lines, the shortage of foreign workers and constraint of nitrile raw material.

Top Glove has also allocated 30% of its capacity for spot orders. “The spot orders for nitrile glove have been fully sold for the next three months. Meanwhile, the spot orders for natural rubber powder-free gloves are also increasing due to the long lead time of nitrile gloves,” said Thong.
Presently, Top Glove has a total production capacity of 90 billion pieces per annum.

To expand further, Top Glove has allocated capital expenditure of RM10 billion over the next five years for capacity expansion to double its current capacity by the end of 2025, said Thong. This will be done in stages whereby 14 billion pieces will be added for FY21 and 16 billion for FY22.

AmInvestment Bank maintains its "hold" call on the stock with a lower fair value of RM7.88, adding that the group’s fundamentals remain solid for the next few years.

“We maintain our view that Top Glove’s net profit will peak in FY21 as demand soars from the Covid-19 pandemic with increased capacity expansions. We make no changes to our FY21–FY23 net profit forecasts at RM6.5 billion, RM2.3 billion and RM2.2 billion respectively.

“Our ASP assumptions are US$60 per 1,000 pieces for FY21, US$35 per 1,000 pieces for FY22 and US$28 per 1,000 pieces for FY23 with an average utilisation rate of more than 80%,” said Thong.

Top Glove is currently fourth on Bursa’s top losers list, having fallen 19 sen or 2.42% to RM7.67. The stock is currently valued at RM62.34 billion.

ASPs to drop even as glove demand stays up post-pandemic — AmInvestment Bank
KUALA LUMPUR (Nov 12): AmInvestment Bank believes that while glove demand will stay stable post-Covid-19 pandemic, average selling prices (ASPs) will drop as there will no longer be a rush for gloves.
We reckon that ASP will stabilise at a higher level than pre-pandemic level due to the broader usage of gloves,” it said in a note on Top Glove Corp Bhd today.

The research house’s analyst Thong Pak Leng said it believed that glove demand will remain strong, based on reasons outlined by Top Glove during a webinar, which include a higher awareness of personal hygiene and broader use of gloves beyond the healthcare sector.
In addition, Thong said there may not be an oversupply of gloves after the pandemic, as Top Glove had pointed out that there are key issues in ramping up supply that need to be addressed, including the availability of contractors to build production lines, the shortage of foreign workers and constraint of nitrile raw material.

Top Glove has also allocated 30% of its capacity for spot orders. “The spot orders for nitrile glove have been fully sold for the next three months. Meanwhile, the spot orders for natural rubber powder-free gloves are also increasing due to the long lead time of nitrile gloves,” said Thong.
Presently, Top Glove has a total production capacity of 90 billion pieces per annum.

To expand further, Top Glove has allocated capital expenditure of RM10 billion over the next five years for capacity expansion to double its current capacity by the end of 2025, said Thong. This will be done in stages whereby 14 billion pieces will be added for FY21 and 16 billion for FY22.

AmInvestment Bank maintains its "hold" call on the stock with a lower fair value of RM7.88, adding that the group’s fundamentals remain solid for the next few years.

“We maintain our view that Top Glove’s net profit will peak in FY21 as demand soars from the Covid-19 pandemic with increased capacity expansions. We make no changes to our FY21–FY23 net profit forecasts at RM6.5 billion, RM2.3 billion and RM2.2 billion respectively.

“Our ASP assumptions are US$60 per 1,000 pieces for FY21, US$35 per 1,000 pieces for FY22 and US$28 per 1,000 pieces for FY23 with an average utilisation rate of more than 80%,” said Thong.

Top Glove is currently fourth on Bursa’s top losers list, having fallen 19 sen or 2.42% to RM7.67. The stock is currently valued at RM62.34 billion.

ASPs to drop even as glove demand stays up post-pandemic — AmInvestment Bank
KUALA LUMPUR (Nov 12): AmInvestment Bank believes that while glove demand will stay stable post-Covid-19 pandemic, average selling prices (ASPs) will drop as there will no longer be a rush for gloves.
We reckon that ASP will stabilise at a higher level than pre-pandemic level due to the broader usage of gloves,” it said in a note on Top Glove Corp Bhd today.

The research house’s analyst Thong Pak Leng said it believed that glove demand will remain strong, based on reasons outlined by Top Glove during a webinar, which include a higher awareness of personal hygiene and broader use of gloves beyond the healthcare sector.
In addition, Thong said there may not be an oversupply of gloves after the pandemic, as Top Glove had pointed out that there are key issues in ramping up supply that need to be addressed, including the availability of contractors to build production lines, the shortage of foreign workers and constraint of nitrile raw material.

Top Glove has also allocated 30% of its capacity for spot orders. “The spot orders for nitrile glove have been fully sold for the next three months. Meanwhile, the spot orders for natural rubber powder-free gloves are also increasing due to the long lead time of nitrile gloves,” said Thong.
Presently, Top Glove has a total production capacity of 90 billion pieces per annum.

To expand further, Top Glove has allocated capital expenditure of RM10 billion over the next five years for capacity expansion to double its current capacity by the end of 2025, said Thong. This will be done in stages whereby 14 billion pieces will be added for FY21 and 16 billion for FY22.

AmInvestment Bank maintains its "hold" call on the stock with a lower fair value of RM7.88, adding that the group’s fundamentals remain solid for the next few years.
“We maintain our view that Top Glove’s net profit will peak in FY21 as demand soars from the Covid-19 pandemic with increased capacity expansions. We make no changes to our FY21–FY23 net profit forecasts at RM6.5 billion, RM2.3 billion and RM2.2 billion respectively.
“Our ASP assumptions are US$60 per 1,000 pieces for FY21, US$35 per 1,000 pieces for FY22 and US$28 per 1,000 pieces for FY23 with an average utilisation rate of more than 80%,” said Thong.
Top Glove is currently fourth on Bursa’s top losers list, having fallen 19 sen or 2.42% to RM7.67. The stock is currently valued at RM62.34 billion.

ASPs to drop even as glove demand stays up post-pandemic — AmInvestment Bank
KUALA LUMPUR (Nov 12): AmInvestment Bank believes that while glove demand will stay stable post-Covid-19 pandemic, average selling prices (ASPs) will drop as there will no longer be a rush for gloves.
We reckon that ASP will stabilise at a higher level than pre-pandemic level due to the broader usage of gloves,” it said in a note on Top Glove Corp Bhd today.

The research house’s analyst Thong Pak Leng said it believed that glove demand will remain strong, based on reasons outlined by Top Glove during a webinar, which include a higher awareness of personal hygiene and broader use of gloves beyond the healthcare sector.
In addition, Thong said there may not be an oversupply of gloves after the pandemic, as Top Glove had pointed out that there are key issues in ramping up supply that need to be addressed, including the availability of contractors to build production lines, the shortage of foreign workers and constraint of nitrile raw material.

Top Glove has also allocated 30% of its capacity for spot orders. “The spot orders for nitrile glove have been fully sold for the next three months. Meanwhile, the spot orders for natural rubber powder-free gloves are also increasing due to the long lead time of nitrile gloves,” said Thong.
Presently, Top Glove has a total production capacity of 90 billion pieces per annum.

To expand further, Top Glove has allocated capital expenditure of RM10 billion over the next five years for capacity expansion to double its current capacity by the end of 2025, said Thong. This will be done in stages whereby 14 billion pieces will be added for FY21 and 16 billion for FY22.

AmInvestment Bank maintains its "hold" call on the stock with a lower fair value of RM7.88, adding that the group’s fundamentals remain solid for the next few years.
“We maintain our view that Top Glove’s net profit will peak in FY21 as demand soars from the Covid-19 pandemic with increased capacity expansions. We make no changes to our FY21–FY23 net profit forecasts at RM6.5 billion, RM2.3 billion and RM2.2 billion respectively.
“Our ASP assumptions are US$60 per 1,000 pieces for FY21, US$35 per 1,000 pieces for FY22 and US$28 per 1,000 pieces for FY23 with an average utilisation rate of more than 80%,” said Thong.
Top Glove is currently fourth on Bursa’s top losers list, having fallen 19 sen or 2.42% to RM7.67. The stock is currently valued at RM62.34 billion.

ASPs to drop even as glove demand stays up post-pandemic — AmInvestment Bank
KUALA LUMPUR (Nov 12): AmInvestment Bank believes that while glove demand will stay stable post-Covid-19 pandemic, average selling prices (ASPs) will drop as there will no longer be a rush for gloves.
We reckon that ASP will stabilise at a higher level than pre-pandemic level due to the broader usage of gloves,” it said in a note on Top Glove Corp Bhd today.

The research house’s analyst Thong Pak Leng said it believed that glove demand will remain strong, based on reasons outlined by Top Glove during a webinar, which include a higher awareness of personal hygiene and broader use of gloves beyond the healthcare sector.
In addition, Thong said there may not be an oversupply of gloves after the pandemic, as Top Glove had pointed out that there are key issues in ramping up supply that need to be addressed, including the availability of contractors to build production lines, the shortage of foreign workers and constraint of nitrile raw material.

Top Glove has also allocated 30% of its capacity for spot orders. “The spot orders for nitrile glove have been fully sold for the next three months. Meanwhile, the spot orders for natural rubber powder-free gloves are also increasing due to the long lead time of nitrile gloves,” said Thong.
Presently, Top Glove has a total production capacity of 90 billion pieces per annum.

To expand further, Top Glove has allocated capital expenditure of RM10 billion over the next five years for capacity expansion to double its current capacity by the end of 2025, said Thong. This will be done in stages whereby 14 billion pieces will be added for FY21 and 16 billion for FY22.

AmInvestment Bank maintains its "hold" call on the stock with a lower fair value of RM7.88, adding that the group’s fundamentals remain solid for the next few years.
“We maintain our view that Top Glove’s net profit will peak in FY21 as demand soars from the Covid-19 pandemic with increased capacity expansions. We make no changes to our FY21–FY23 net profit forecasts at RM6.5 billion, RM2.3 billion and RM2.2 billion respectively.
“Our ASP assumptions are US$60 per 1,000 pieces for FY21, US$35 per 1,000 pieces for FY22 and US$28 per 1,000 pieces for FY23 with an average utilisation rate of more than 80%,” said Thong.
Top Glove is currently fourth on Bursa’s top losers list, having fallen 19 sen or 2.42% to RM7.67. The stock is currently valued at RM62.34 billion.

Malaysia technology Index follow Nasdaq from 24 point up to 63 point

https://finance.yahoo.com/chart/6185.HK#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

The new clusters has resulted in 52 health districts now being designated as yellow zones (defined as areas with at least one but not more than 40 cases), while 19 health districts have turned into red zones (more than 40 cases).

A new cluster was reported — the Kencana cluster — with infections scattered around Hulu Langat, Petaling, Klang, and Gombak in Selangor; Cheras in Kuala Lumpur; and Johor Bahru, Batu Pahat and Pontian in Johor.

Sabah, meanwhile, has continued to report the highest number of daily cases in Malaysia. Just yesterday, it accounted for 429 cases of the 660 new confirmed infections, followed by Kedah (113 cases) and Selangor (68 cases).

Director-General (DG) of Health Tan Sri Dr Noor Hisham Abdullah on Oct 6 said the MoH has a total of 6,795 beds, comprising 2,820 bed at hospitals and 3,975 beds at quarantine and low-risk treatment centres, to treat Covid-19 patients.

This raised the total designated Covid-19 hospitals in the state to seven. The MoH has also identified six more low-risk quarantine and Covid-19 treatment centres in the state to raise its treatment capacity. Altogether, these additions gave the state 4,822 beds as at Oct 11, versus 2,596 previously.

The number of new cases, meanwhile, has jumped to around 500-600 cases per day since the start of this week — about double the 200-300 cases per day reported the week before.

However, it is unclear if the figure includes the recently-announced bed capacity increase for Sabah, the worst hit state so far with the highest number of confirmed infections to date, as the MoH designated Kota Marudu Hospital as another hospital to treat the infection.

When contacted on Oct 13, the ministry confirmed that the MoH's bed capacity remains the same.

Based on an infographic released by the ministry three days later on Oct 9, 36% of beds at public hospitals were taken up at the time, representing about 1,015 beds, while 29% or 1,153 beds at quarantine and low-risk treatment centres were occupied. The utilisation rate has likely increased since then, given the recent spike in cases.

The rate of increase in the number of active cases, which were averaging around 7% in the last week of September, accelerated to mid- to high teens in early October, before slowing to the mid-single digit range in the past two days.

In just one month, the number of actives have jumped by 5,153 cases or 838% from the 615 cases recorded on Sept 14. During this period, the MoH recorded 7,625 new cases, while recoveries came in at just over a third of that — at 2,784.

The latest tally of these active cases — meaning patients who carry transmission risks and have to be admitted to hospitals and quarantined — stood at 5,768 cases as at yesterday noon, which is just about 1,000 or so cases away from the 6,795 beds available at government hospitals and quarantine centres to cater to those infected by the coronavirus.

Since Sept 26, the number of active Covid-19 cases in Malaysia has been on an upward climb, more so as the country registered triple-digit jump in daily infections since the start of this month, which far outpaced the number of patients who recover from the illness each day.

Looking ahead with the cloud
There has never been a better time for enterprises to seize the opportunities for recovery and growth by tapping cloud computing’s full potential. The pivot to cloud computing mirrors the transition from an all-paper era to computerised systems, or from desktop to mobile. Cloud is simply the next vital step into the rapidly transforming IR4.0 era. Capitalising on a cloud infrastructure equates to flexibility, and early adopters will be the agile leaders of the pack and best positioned to reap the most rewards. As with any change, leaders need to consider factors such as needs capability building, developing expertise and instilling familiarity. Senior executives are now in the daunting yet exciting position of being able to determine how the organisation will transform into a future enterprise, and any hesitation may well leave the company in the dust. As I always tell my peers:

The right cloud brings the future closer
However, the reality of evaluating and selecting the best from all the major cloud service vendors is a little more complex. A digital enterprise will most likely adopt a multi-cloud approach, leveraging the best from the various cloud service providers — and also as a precaution against the dreaded vendor lock-in!
The International Data Corp (IDC) estimates that, by next year, more than 90% of enterprises worldwide will rely on a mix of on-premises/dedicated private clouds, several public clouds and legacy platforms to meet their infrastructure needs. However, astute leaders will note that a heterogeneous multi-cloud environment requires specific sets of expertise from the operations and security teams — especially in cloud inventory management, which demands strict tracking of a company’s cloud inventory and workloads at all times. For enterprises yet to build this expertise, working with a cloud aggregator — who understands the complexities and can offer professional services to ease their multi-cloud adoption — will help to seamlessly and flexibly leverage the different cloud mix most appropriate to fluctuating workloads. Many organisations may also need to adhere to data residency requirements, and this means selecting a cloud service provider that can offer hosting in a data centre in Malaysia. As many cloud service providers may offer similar services, it is important that organisations takes stock and assess their IT environment to achieve an optimal move to the cloud. Key considerations are cloud design, architecture and security of the data intended for hosting on the cloud. At TM ONE, our Cloud (pronounced as Cloud Alpha) service benefits from our partnership with all the major cloud service providers, end-to-end digital infrastructure and capabilities, including our Tier III certified data centre located within Malaysia, as well as our industry experts to proactively ensure that we are able to facilitate a smooth and secure journey to the cloud for our enterprise and public sector customers.

In addition, using cloud services delivers more efficient utilisation of IT resources, lowers IT infrastructure and operational costs, as well as increases the capacity to handle peaks in demand for IT resources, such as web applications and services. In an enterprise environment, cloud computing equates to a safer computing environment, through the use of virtual servers, which reduces the risk of an on-site intruder attack on physical storage devices within a data centre.
Using cloud services also eliminates bottlenecks that typically occur with the configuration, expansion and replacement of traditional on-premise IT systems and components as this is replaced through virtualisation by a flexible IT infrastructure, which can be expanded or contracted on demand.
Cloud computing also nullifies many typical challenges posed by localised power grid interruptions, physical data loss due to catastrophic events and malicious on-site attacks to the IT infrastructure. The cloud computing framework provides the optimal environment for faster, safer and cheaper delivery of IT services within an enterprise. Originally, cloud services delivered the staples: computing, networking, storage, databases, platforms and applications. Today, the cloud has evolved into a vital foundation for new frontier technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and blockchain. On top of that, industry platforms are also emerging, that is, vertical specific cloud solutions tailored to industry needs.

Cloud as the driving engine of future enterprise
For many enterprises, incorporating a cloud infrastructure in their systems is inevitable. However, what could adopting cloud as a strategy mean for businesses? Today, many small and medium enterprises are turning to cloud computing services and external providers to unlock greater value from their computing resources. This trend is complemented by the rapid growth in the number of cloud services, which results in the significant enablement and creation of customised cloud services that can address even the most sophisticated business and organisational requirements. This ability to tap into network, storage and computer power on demand enables a faster go-to-market path — with little upfront cost.
Thanks to the ubiquity of cloud, it is unsurprising that all organisations have started to use cloud services, in one form or another, particularly Software-as-a-Service (SaaS) solutions. Besides SaaS solutions, organisations looking to create a competitive edge by building their own applications can adopt Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS) for active use. Instead of having their own computing infrastructure or data centres, companies can now rent access to anything from applications to storage from a Malaysian-owned cloud service provider, i.e. TM ONE. Another major benefit of using cloud computing services is that businesses can sidestep the cost and complexity of owning and maintaining their own information technology (IT) infrastructure, and just pay for “what they use, when they use it”.

At many conferences and customer meetings, the topic of digital transformation dominates business strategy discussions. CEOs continue to look to their chief technology officers (CTOs) to act as strategic partners to guide them through a series of significant changes. However, in this age of 4th Industrial Revolution (IR4.0), almost every business has effectively become a digital enterprise, therefore digitalisation strategies need to extend beyond the CTO’s turf and actively involve the C-suite as a whole.
Chief financial officers (CFOs), for example, will be able to appreciate the value digitalisation offers to their organisation, especially as the essential financial requirements— accuracy, speed, reliability, truthfulness, driven by data, all in real time, as well as rapidly growing e-commerce opportunities — have propelled the sector to the forefront of the digitalisation curve. CFOs are in a prime position to become key influencers in driving the digitalisation agenda, as finance is a vital aspect of a company.
To future-proof further growth, it is also critical that business leaders prioritise customer experience to enhance business outcomes across multiple channels by connecting the crucial dots between people, information and systems. To achieve these objectives, senior executives are turning to cloud computing as an essential strategic driver: Cloud is perceived as a powerful technological enabler for business transformation as well as innovation, opening up fresh opportunities to review and pivot business models and deepen customer engagement.

Creating future-proof businesses with cloud
Mohamad Rejab Sulaiman, Head of Data Centre, Cloud & Internet, TM ONE
Cloud is perceived as a powerful technological enabler for business transformation as well as innovation, opening up fresh opportunities to review and pivot business models and deepen customer engagement.
In recent years, we have seen digital transformation rising higher on the strategy agenda as an increasing number of leaders across multiple industries realise the urgency of adopting digitalisation in their organisations, even more so during this unprecedented period. There is also widespread recognition at the senior executive level that the role of digital technology is pivoting — from driving marginal efficiency to a more catalytic role in fuelling innovation and driving disruption. The steady increase in digital transformation initiatives has recently morphed into a surge, with businesses attempting to stay ahead of the curve. Many business leaders have expressed concern that they may have missed the boat — that it is already too late for them to adapt. They also believe that traditional cost-cutting measures are no longer enough to turn the tide. A more expansive strategic approach tuned towards improving competitiveness through the path of maximising returns from efficiency improvements, innovation and new operating models is needed in a digitalised, highly competitive business world.

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Associates Thai Air Asia Co Ltd (Thai AirAsia) and AirAsia (India) Ltd also posted losses. In the case of Thai AirAsia, it saw a loss after tax of 1.22 billion Thai baht, from a profit after tax of 902.92 million Thai baht. AirAsia India saw loss after tax increased to 3.35 billion rupees, from 1.47 billion rupees.

The group said the colossal net loss was mainly on account of RM270.1 million worth of fair value losses on derivatives, some RM110 million in settlement losses for fuel hedges, as well as RM243 million in additional depreciation and lease liabilities interest on operating lease aircraft.

The budget airline saw a negative operating cash flow of RM116.1 million, in contrast to a positive cash flow of RM289 million

Quarterly loss per share came in at 24.1 sen in 1QFY20 compared with earnings per share of 2.9 sen previously.

AirAsia Group Bhd posted a net loss of RM803.85 million for the first quarter ended March 31, 2020 (1QFY20), partly dragged down by the wrong hedge against crude oil prices which collapsed in March and the hefty sum of depreciation.

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