for Long term investors to consider

Covid-19: Global economy already in recession

By Reuters - March 20, 2020 @ 9:08am
BENGALURU: The global economy is already in a recession as the hit to economic activity from the Covid-19 coronavirus pandemic has become more widespread, according to economists polled by Reuters amid a raft of central bank stimulus actions this week.

https://www.nst.com.my/business/2020/03/576332/covid-19-global-economy-already-recession

RAM: Malaysian bond yields spiked in March following heavy offloading by foreign investors

Yasmin Syazwina/theedgemarkets.com
March 20, 2020 17:27 pm +08

KUALA LUMPUR (March 20): The yields of 10-year Malaysia Government Securities spiked to 3.58% on Thursday, from 2.84% at end-February, according to RAM Rating Services Bhd (RAM), as investors flee to safe-haven assets on fears of a global recession, even as central banks continue to cut rates and ease monetary policy.

"The move to safety so far this month, follows heavy offloading by foreign investors in February that was triggered by the unbridled spread of Covid-19 throughout the world and the political upheaval in the country.

"A staggering RM8.1 bil of net outflows was seen in February. In terms of supply, issuance of MGS/GII (Malaysian Government Securities/Government Investment Issues) and corporate bonds remained robust, with RM12.0 billion and RM10.7 billion, respectively, in February," RAM said in a statement.

Nevertheless, the current spike in MGS yields is seen as a knee-jerk reaction and yields are likely to retreat on account of further global monetary policy easing, including another potential rate cut by BNM in coming months, RAM said.

Like other central banks across the world, Bank Negara Malaysia has moved to ease its monetary policy, amid persistent coronavirus-led headwinds that are roiling markets everywhere.

Yesterday, it lowered the statutory reserve requirement ratio to 2% from 3%, to release more liquidity into the banking system, after making two overnight policy rate cuts, totaling 50 basis points in the last two months to 2.75%.

Next week is a good chance to sell all if you are a Long term investor.

S&P Global Ratings says AsiaPac recession imminent
In an article entitled "Asia Pacific recession guaranteed" published on Wednesday, the ratings agency said the first-quarter shock in China, shutdowns in the US and Europe and local virus transmission will trigger a deep recession across the region.

https://www.thestar.com.my/business/business-news/2020/03/18/sp-global-ratings-says-asiapac-recession-imminent

Next week is a good chance to sell all if you are a Long term investor.

S&P Global Ratings says AsiaPac recession imminent
In an article entitled "Asia Pacific recession guaranteed" published on Wednesday, the ratings agency said the first-quarter shock in China, shutdowns in the US and Europe and local virus transmission will trigger a deep recession across the region.

https://www.thestar.com.my/business/business-news/2020/03/18/sp-global-ratings-says-asiapac-recession-imminent

yaaa ...foreigner sharks still selling .

monitor our virus count first

Cathay Pacific scraps almost all flights as virus stops travel

The virus has floored Cathay, which was already reeling from the impact pro-democracy protests in Hong Kong had on visitor numbers for much of last year.
CATHAY Pacific Airways Ltd. will slash passenger capacity by 96% in April and May as the coronavirus shuts down travel across the world.
Cathay Pacific will operate three flights per week to 12 destinations: London, Los Angeles, Vancouver, Tokyo, Taipei, New Delhi, Bangkok, Jakarta, Manila, Ho Chi Minh City, Singapore and Sydney. Cathay Dragon will operate three flights a week to Beijing, Shanghai and Kuala Lumpur.

yes.. rebound to sell . virus cases still strong here.
now asking aid. what next...
AirAsia, MAB, Malindo, Firefly seek financial aid from MoF, say sources

this year will Loss 1 B. means more selldown coming . if the virus situation get worse most likely for now . Risk gets higher .
below 40c and re consider,

In a note to investors today, AmInvestment Bank Research said it was projecting a wider loss of RM985.4 million for AirAsia in its financial year ended Dec 31, 2020 (FY2020), from RM784.2 million previously.
For FY21, the research house is forecasting a smaller net profit of RM258.9 million, from a net profit of RM482.3 million previously.

Last chance to sell if true , but i think will not suspend.
Better to suspend all short selling .

suspend all IDSS and short selling is better .

yes , the result is more panic and more will rush to sell . History shows this is wise .

this morning open , drop 24 % . now 12 % ,

so cheap now... Sale price. but maybe need about 1-2 years .

Master Shark sell big big , retailers get toasted .

Sell ..dont wait for another bloodbath .

Boss already say sell .. so dont rage here .

Run fast fast .

Gundlach says it’s ‘ludicrous’ to think US won’t enter a recession as coronavirus hits economy.
DJ will drop kau kau ..

Sell out now before too Late .

Genting Malaysia gaming sector’s biggest loser, says Affin Hwang
TheEdge Wed, Mar 18, 2020 01:45pm - 5 minutes ago

KUALA LUMPUR (March 18): Affin Hwang Capital Research said Genting Malaysia Bhd (GENM) is the biggest loser in the gaming sector, given the government’s recent imposition of the movement restriction order, lowering its target price on the counter.

In a note today, Affin Hwang analyst Ng Chi Hoong wrote that the group’s facilities in Genting Highlands will not be operational for at least 14 days, adding that the group has also halted operations in New York, US for two weeks.

“We are lowering our earnings per share (EPS) forecast for 2020 by 8.4% to factor in the shutdown for its Malaysia and US operations. We have also lowered our sum-of-parts-based 12-month target price to RM1.92 from RM2.10 and maintain our ‘sell’ call,” Ng said.

sharks are running fast faster , margin calls coming.

wait DJ slump tonite .. go the way to 5 rm

coming soon . after Gov meeting nothing solid annc .

yes... market is down hill and cannot recover with virus situation still alarming.

what will happen to KLCI tomorrow if DJ falls 1500 tonite ?

virus panic mode just started in MY.
its out of control here.

Historically, during a market downturn period, the KLCI corrected 16-79%
from its peak. A bear market is defined as the condition where the index or
prices fall by 20% or more from recent highs amid widespread pessimism
and negative investor sentiment. The KLCI has fallen by 29% from its
peak of 1,895 pts to 1,344 pts, which suggests that we are in a bear
market. Historically, the KLCI has fallen 45-79% from its peak during bear
market conditions. Applying a 45% decline to our current situation results in
the KLCI falling from its previous 2018’s high to 1,042 pts. ,,source cimb

fake new s lah...

it will be a trap .

i guess more like loss -500 million .

downtrend ing

isoklse ... fake news spreader .

over promotion attract the Big sharks ! now many got eaten alive.

just read the report on scmp . Analysis Study done on a bus in china . 5 person were infected in the bus from a carrier who only got sick symptoms after the journey.

the damage is too great . bad news all around !
many countries in technical recession , now latest US .

this week foreign sell total will be at least 1 billion .
just sell to preserve your capital. am sure you can get cheaper soon.

q3 since you claim dubious calculations please publish your s . Dont talk only . no one will believe you without figures.

with PAS in government and virus...the risk of more downside to come .

if you look at the charts the smart and sharks have been selling since start of virus in china. i think more down coming to around 4 to 4.5 .

Big Selling and down from 3 rm for 4 days in a row...
more to go....

SINGAPORE - Manufacturing shrank in February at the fastest pace in more than five years, reflecting the disruption caused by the coronavirus outbreak.

The decline was led by the electronics sector, which had expanded in January for the first time after languishing in contraction territory for 14 straight months.

The Singapore Purchasing Managers' Index (PMI) fell 1.6 points in February, the biggest drop in a month since August 2014, according to data from the Singapore Institute of Purchasing and Materials Management (SIPMM).

The first contraction in three months pulled the PMI down to 48.7, the lowest level since February 2016. A reading over 50 indicates expansion, while a reading below points to contraction.

The electronics PMI fell 2.5 points from the previous month to 47.6, the lowest since December 2012. The decline was also the biggest in a month since October 2012.

This is the first set of data to show the true extent of the hit the economy might take from the outbreak.

yes no more support from putrajaya ..
and more will voice object .

yes... trim your long term exposure .
its gonna be a long winter.
most IB now lower KLSE tp.

yes... i guess another klse selldown coming. DJ fly sky high but klse up 1 point only.
Big boys are selling and selling...

klse sems weak .
rebound today is weak.
means more drop coming !

Big boys are selling ..

next quarter will be bigger LOSS , cos no sales .
now the sharks are running away fast .

heavy Selling but FF ongoing ..

Foreign funds sold RM1.97b in February — largest monthly outflow since August 2019
TheEdge Mon, Mar 02, 2020 02:14pm - 47 minutes ago

KUALA LUMPUR (March 2): Offshore investors upped the ante in selling activity last week, taking out a whopping RM1.26 billion net of local equities, said MIDF Research.

This was the largest weekly foreign net outflow in 88 weeks, it added.

In his weekly fund flow report yesterday, MIDF Research analyst Adam Mohamed Rahim said the month of February saw a foreign net outflow of RM1.97 billion — the largest monthly foreign net outflow since August 2019, which saw international funds taking out RM2.6 billion.

i am saying too much RISK , now is not the time to buy.
plus so many other better stock to chose.


https://www.theedgemarkets.com/article/genting-group-shares-hit-concern-possible-governing-policy-changes-wider-covid19-spread

Just look at Kelantan you will understand the RISK .

MACQ last month give tp 5.7 rm
today drop to 3.7
Risk is very high now.

Last week 3 rm so strong . and now come 2.8 next i guess 2.6
Sell run fast.
world virus spread getting worse...people are staying home.