Masks could save 70,000 Americans by December, model predicts, as infections among younger people soar
https://www.cnn.com/2020/08/07/health/us-coronavirus-friday/index.html

India reported 62,170 new Covid-19 infections in the last 24 hours and with that it became only the third country to cross the two million mark.

Not bad, this counter can survive, why

KUALA LUMPUR: Top Glove Corp Bhd will refund up to RM50 million in backdated recruitment fees to its foreign workers in the hope the US will lift the ban on the import of its rubber gloves.
Lim Wee Chai, its executive chairman, said they were currently communicating with US’ Customs and Border Protection (CBP) and that the matter would be resolved in a month.
Lim said they had already set in place new policies following forced labour allegations, including the “zero recruitment fee” policy for new foreign workers,
“Before this, we never agreed to pay the recruitment fees,” he said, adding that the CBP was “one-sided” in deciding on the import ban.
“We hope the US Customs can understand us better now. Negotiations have progressed very well, and in August, hopefully we can settle. Once we solve it, it should be ok,” he said, adding that the US was mainly concerned about the agent recruitment fees paid by the workers.
On July 15, the CBP enforced a detention order on disposable gloves manufactured by Top Glove’s subsidiaries, Top Glove Sdn Bhd and TG Medical Sdn Bhd, due to suspected foreign labour issues.
Meanwhile, Minister of Plantation Industries and Commodities Mohd Khairuddin Aman Razali said the government would send a report on the forced labour issue to the US as part of its commitment to address the allegations.

Anybody confirm. R this true , ACE TO MAINBOARD

What to say, KLSE 2nd top gainer 11.29AM

Sorry, Special thanks to goldberg

Special thanks to goodberg

MELBOURNE: 2/8/2020 Australia on Sunday introduced sweeping new measures to control a growing coronavirus outbreak in its second-biggest city, including an overnight curfew and a ban on weddings for the first time during the pandemic.
Despite a lockdown that began in early July, Melbourne has continued to report hundreds of new cases daily, and authorities said the city’s residents would now face a curfew from 8pm to 5am for the next six weeks.
Declaring a “state of disaster” on Sunday, Victoria Premier Daniel Andrews said the state capital would move to Stage 4 restrictions until Sept 13 given “unacceptably high” levels of community transmission.
Melbourne residents will be limited to an hour of exercise a day, no further than 5km from home starting Sunday night.
Only one person per household will be able to shop for essential items each day, also within the same strict radius.
Most school and university students in Melbourne will return to online learning from midnight Wednesday, just weeks after returning to their classrooms, while kindergartens and daycare centres will be effectively closed from Thursday.
Weddings will also be banned in the city. At the height of the first wave of the pandemic, weddings in Australia were limited to five people.
“These are the decisions made because anything short of this will not keep us safe,” Andrews said.
“Anything short of this will see it drag on for months and months and months.”
Additional restrictions affecting workplaces would be announced Monday, Andrews added, suggesting that non-essential businesses will face closures.
The state recorded 671 new Covid-19 cases and seven deaths from the virus Sunday.
Outside Melbourne, the rest of Victoria will move to a Stage 3 lockdown from midnight Wednesday with people allowed to leave home only for work, study, care and essential shopping.
Elsewhere in Australia, other states and territories have for weeks reported zero or a small number of cases while relaxing restrictions.
They have, however, banned visitors from Victoria and Sydney – another virus hotspot.
Australia’s total reported infections reached almost 18,000 on Sunday, with 208 deaths in a population of 25 million.

100%

Padan muka, Puan eat everybody, useless stocks

Don’t worry, tomorrow all the investor will sold all the portfolio in other listed company. There all put the money in mah sing. Make sure u in first.

Padan muka CC PUAH

Anything can happen

KUALA LUMPUR (May 17): Green Packet Bhd has deployed its KipleLive thermal scanners in Universiti Kebangsaan Malaysia’s Hospital Canselor Tuanku Muhriz (HCTM) to help the hospital adhere to the standard operating procedures outlined by the Government more efficiently.

In a statement today, the group said the hospital has already installed the artificial intelligence (AI) thermal scanners at the main entrance of the lobby as well as other entrances that are accessible to staff, visitors and patients.

Green Packet said HCTM has been studying ways to speed up the registration process of staff, visitors and patients without compromising on safety.

“With digital technologies that are able to streamline procedures and AI thermal scanners that can scan and measure each and every individual body temperature who enter the premises within seconds, all the manual work can be greatly reduced as well as the required manpower,” it said.

KipleLive is a community-based safety solution that is recently incorporated with a built-in framework for outbreak prevention.

Comprising AI thermal scanners, an app for users, and a backend platform for management, it helps the hospital to adhere to the stringent SOPs outlined by the Government including having accurate contact tracing while allowing the hospital to operate at its full capacity through digitisation.

“We are pleased to be a technology partner for HCTM,” said Green Packet managing director and CEO Puan Chan Cheong. “I hope that more and more healthcare practitioners will follow suit and leverage on the power of digital technologies to combat the spread of the coronavirus.”

Green Packet, via its associate G3 Global Bhd, had previously installed AI thermal scanners in a number of buildings in Malaysia, including Istana Negara, Parliament and the KL International Airport.

Other places that have installed the device include Paradigm Mall, The Ascent Corporate Towers, Pavilion Tower, Rafflesia Private and International Schools, The Star Media Group, Sin Chew Daily and Desa Park International School.

Recently, Green Packet partnered with the United Chinese School Committee’ Association of Malaysia to deploy KipleLive thermal scanners to 63 independent Chinese secondary schools nationwide.

Green also

Maybe more % dividend + any bonus shares will change the fate of hidden gems

KUALA LUMPUR (April 30): Fitch Ratings has affirmed Malaysian Reinsurance Bhd’s (Malaysian Re) Insurer Financial Strength (IFS) rating of ‘A’ (strong), with a Stable Outlook.

MNRB Holdings Bhd, which owns Malaysian Re, said the ratings are based on Fitch's current assessment of the impact of Covid-19 including its economic impact, under a set of Fitch’s ratings assumptions.

In its note, Fitch had said the ratings reflect Malaysian Re’s ‘very strong’ capital buffer and consistent profitability.

“It also takes into account its 'Moderate' business profile and challenges in managing potential volatility in underwriting performance, especially from its overseas business,” the note said.

Fitch pointed to Malaysian Re’s regulatory risk-based capital (RBC) ratio, which was well above the regulatory minimum of 130% at end-2019.

“Fitch expects the pandemic-driven economic downturn to dampen the pro forma profitability ratio to below the median range for an 'a' rating category under our rating assumptions,” it added.

“Nonetheless, we believe that Malaysian Re's fundamental operating profile will remain intact and its operating performance will normalise, after the pandemic runs its course,” it said.

On Malaysian Re’s business profile, Fitch said it is ‘moderate’, compared with its reinsurance peers.

“It has an established substantive domestic business franchise, although this is balanced by its 'Least Favourable' operating scale and somewhat geographically diversified business, compared with global peers,” the ratings agency.

“The agency therefore scores Malaysian Re's business profile at 'bbb+' under its credit factor scoring guidelines.

“Fitch expects Malaysian Re's market franchise to be sustainable, underpinned by its strong branding and continued support from local cedants, as part of a regulated cession arrangement,” it added.

Undervalue company

WTI BELOW 10. World not like before. God bless you. Only winning i can make it is just want to full up my car with full tank.

WTI BELOW 10

World not like before. God bless you. Only winning i can make it is just want to full up my car with full tank.

What going to happen ? Invest carefully.

AIRASIA Group Bhd (AAGB) may be looking to ground its airline business, which makes up about 75% of revenue, in light of the Covid-19 pandemic which has crippled air travel, sources tell FocusM on condition of anonymity.

AAGB founder Tan Sri Tony Fernandes said that the group’s focus “between now and June” was on deferring variable costs and minimising fixed costs. “That may mean we will ground the airline,” he told staff in a briefing today.

Opportunities, said Fernandes, would be found in the logistics and e-commerce sectors. “We will be much more tech-focused,” he said, adding that staff can look to moving into more technical jobs through the group’s in-house reskilling courses under the purview of AAGB president (Redbeat Ventures) Aireen Omar.

But “I’m going to be pushing OURSHOP and Teleport a lot,” added Fernandes. “Home delivery and logistics are going to grow tremendously and we have the right infrastructure. We see great opportunities in logistics and e-commerce.”

OURSHOP is AirAsia’s e-commerce marketplace while Teleport is the group’s logistics arm.

AAGB’s switch to tech marks the struggle aviation players are undergoing due to the coronavirus pandemic. Other local players such as Malaysia Airlines Bhd (MAB) and Malindo Airways Sdn Bhd have also responded to the crisis by meting out a raft of measures from trimming flight routes to slashing salaries across the board.

On Sunday (March 15), airlines representatives from AAGB, Malindo, MAB and MAB subsidiary Firefly met with Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz to discuss financial aid.

During the meeting, the group asked for a loan to help ease liquidity, said Fernandes.

AAGB’s shares opened 7.35% lower at 63 sen after the midday break on March 23.

Earlier, FocusM reported that AAGB may not be able to retain all of its staff. Fernandes said that he couldn’t “guarantee everyone’s jobs. But our No. 1 priority is to make sure we keep as many of you, if not all, in employment.”

Fernandes also mooted the possibility of an AAGB-AirAsia X Bhd merger but didn’t go into detail, as well as a possible 70% capacity cut in India. – March 23, 2020

S&P Ratings slashed its forecast for oil prices by $10 a barrel, citing severe supply-demand imbalance due to the coronavirus outbreak.

S&P Ratings slashed its forecast for oil prices by $10 a barrel, citing severe supply-demand imbalance due to the coronavirus outbreak.

S&P Ratings slashed its forecast for oil prices by $10 a barrel, citing severe supply-demand imbalance due to the coronavirus outbreak.

https://amp.thenational.ae/business/energy/s-p-ratings-slashes-crude-oil-forecast-for-2020-by-10-per-barrel-1.995710

S&P Ratings slashed its forecast for oil prices by $10 a barrel, citing severe supply-demand imbalance due to the coronavirus outbreak.

Kempen melawat Malaysia 2020, dibatalkan????

Fraud company

This time special. POS Malaysia going revise there service price. Giving advantages to GDEX

Keep buying. Waiting 4 dividend next month

KUALA LUMPUR (Dec 4): S&P Global Ratings has today downgraded its long-term issuer credit rating on Genting Bhd to 'BBB+' from 'A-' in anticipation that the hotel and casino operator's leverage will increase, amid an expected weakening in cash flow adequacy over the next 12 to 18 months, given the company's aggressive expansion plans.

In a note today, S&P Global Ratings said it believes Genting Bhd will support the outstanding debt at newly-acquired Empire Resorts Inc to maintain its brand and reputation, even as it expands its Singapore and Las Vegas properties.

"We also believe the company's risk appetite has increased. In the past year, Genting (Group) acquired 49% of Empire and privatized the company at a time of ongoing expansion at subsidiaries Genting Singapore Ltd and Resorts World Las Vegas LLC (RWLV). This has materially increased the group's leverage and weakened its credit quality.

"We include Empire's debt in our financial assessment of Genting Bhd. We believe Genting Bhd will likely support Empire's total outstanding debt of about US$636 million as of Sept 30, 2019, to preserve its brand name and reputation. We add Empire's debt as contingent liability to Genting Bhd's total debt. Our adjusted debt at Genting Bhd will be RM12 billion-RM18 billion over 2019-2021, peaking in 2020, due to simultaneous capital spending at Genting Singapore and RWLV. At the same time, the group's average debt-to-EBITDA ratio will likely weaken to about 1.88x, from 0.5x in 2018," S&P Global Ratings said.

S&P Global Ratings said its stable outlook on Genting Bhd reflects S&P Global Ratings' expectation that Genting Bhd will manage its leverage, despite its currently high capital expenditure.

"We estimate the company's debt-to-EBITDA ratio will return to and remain less than 2x from 2021," S&P Global Ratings said.

S&P Global Ratings said it could raise the rating on Genting Bhd, if the group reduces its leverage.

"An upgrade trigger would be Genting Bhd's debt-to-EBITDA ratio staying below 1.5x, and FOCF (free operating cash flow)-to-debt ratio remaining more than 25% sustainably. An upgrade would also depend on the group completing and commencing its ongoing projects on time and within budget, without any missteps," S&P Global Ratings said.

At Bursa Malaysia today, Genting Bhd's share price closed six sen or 1.02% lower at RM5.80, for a market capitalisation of RM22.33 billion. The stock saw 4.64 million shares traded.

https://www.tvnz.co.nz/one-news/world/video-appears-show-flames-coming-airasia-plane-s-engine-after-take-off-maldives

flames coming out of AirAsia plane’s engine after take-off from the Maldives today

BURN RM514M, WRONG TURN,NEXT............................

Post removed.Why?

NO GST ---- NO IFCA

KEEP DROP. TIME BEING DONT TAKE RISK. DONT NO WHAT WILL HAPPEN BEFORE BIG ANNOUNCEMENT TOMMORROW NIGHT BY OPP LEADER

everybody who enter today as fresh sure burn

TUNEPRO
( i ) Core business: Gobal Travel Insurance, General Insurance & Digital Insurance


- Global Insurance- 40% of Revenue

- 80 % of it is from Asia Countries ( Malaysia, Philipines and Indonesia ) and 20 % is from middle east

- Air Asia contributes 90 % of the sales


- General Insurance- 60% of Revenue

- Business is based in Malaysia and Thailand

- Motor insurance contributes 30 % of the sales

- Digital insurance- online insurance


( ii ) Financial Result

- Revenue

From 2011 to 2015, revenue has grown tremendously from 54.8 M to 357.7 M ( 552 % )/ Average 100 % per year


- Profit

Profit also grew from 27 M in 2011 to 69 M in 2015. ( average 12 % per year )

- Profit Margin

consistently above 20 %


Debt to Equity Ratio

2015- 1.46

2016- 1.55

Although, the debt has increased, but it is still acceptable for a fast growing company.



( iii ) Competitor ( LPI/ Takaful )

- PE

LPI- 16

Takaful- 21

Tunepro- 14


- Average Profit Margin ( 2011 -2015 )

LPI - 26 %


TAKAFUL - 7.5 %


TUNEPRO - 20 %

- Stock performance over a year

LPI- + 10.68 %

Takaful- + 3.25 %

Tunepro- -3.15

- Profit growth ( 1sr Quater 16/ 31/3/16 )

LPI- 15.8 %

Takaful- 0 %

Tunepro- 41 %

- Dividen ( 2016 )

LPI- 3.26 %

Takaful - 1.8 %

Tunepro- 3.4 %

# Comapred to the competitors, Tunepro did well in growing their business and offer the highest dividen to share holder. Besides, TUNEPRO is also undervalued as its PE is lowest among the companies in same industry.

( iii ) Advantage

- Strong support from AirAsia

As mentioned above, 90 % of sales of travel insurance is contributed by AirAsia.
Average 1 out of 4 persons who purchase Airasia tickets will purchase Tune Insurance.
Based on the Airasia quater report, number of passengers carried has increased 17% and Tunepro will definitely benefit from the growth of number of passengers.

- Management has worked hard in diversifying the business and reduce the relliance on Airasia

Tunepro has expanded the business to Asean countries and also Middle East.
Partnership with Cebu Pacific Airline and also Emirates.


- Generous Dividen and low PE
Dividen payout ration of 40 %/ 3.4 %
Low Pe- 14

( iv ) Disadvantage

- Too rely on Airasia
- Tunepro will face huge claims if air crash happens again.


Conclsuion

Tunepro is a company with strong fundamental and endless potential.
As long as Airasia and global tourism keep on growthing, Tunepro will certainy benefit most from it.

?

Final Dividend
EX-date: 28 Jul 2016
Entitlement date: 01 Aug 2016
Entitlement description: Tax exempt final cash dividend of 0.82 sen per share

0.70

It's simple this time not good time invest in oil & gas counter. The oil price going down. Going to break 40 again. Just avoid invest in o&g counter.

First we meet in 8.00

Careful with yours investment. This counter in risky condition & uncertainty

Oil going to break 40

1.30