(April 30): Asian stocks were primed for gains on the final day of the month after U.S. equities advanced with Treasury yields on optimism from earnings and signs of progress in treating the coronavirus. The dollar fell.
Futures on equities rose in Tokyo and Sydney, with Hong Kong shut for a holiday. The S&P 500 Index earlier gained more than 2.5% to touch a seven-week high. Gilead Sciences Inc. said its experimental drug helped Covid-19 patients recover faster. The Nasdaq Composite Index rose to within 1% of erasing losses for the year, led by Alphabet Inc. after it reported an ad-sales slowdown that wasn’t as bad as expected. Oil futures rebounded after plunging more than 25% in two sessions.
Investors also contended with a fresh warning from the Federal Reserve that the ongoing public health crisis “poses considerable risks to the economic outlook over the medium term.” Data showed the biggest contraction since 2008 in the first quarter as the world’s largest economy shrank at a 4.8% annualized pace. Global stocks are up 11% this month as investors weigh plans by countries around the world to restart activity.
“What’s really driving markets at this stage is any positive news of potential treatments and vaccines, because ultimately that is a game changer,” said Seema Shah, a global investment strategist for Principal Global Investors. “That’s what’s going to be pushing markets, plus anything with regards to the lockdown being lifted earlier.”
These are the main moves in markets: Stocks
The S&P 500 Index increased 2.7% on Wednesday. Futures on Japan’s Nikkei 225 added 2.1%. Futures on Australia’s S&P/ASX 200 Index gained 2%.
Currencies
The Bloomberg Dollar Spot Index fell 0.6%. The yen was at 106.62 per dollar. The offshore yuan traded at 7.0740 per dollar. The euro bought $1.0876.
Bonds
The yield on 10-year Treasuries rose more than one basis point to 0.63%.
Commodities
West Texas Intermediate crude climbed 24% to $15.35 a barrel. Gold rose 0.1% to $1,714.91 an ounce.
GOOD NEWS GUYS! GOOD NEWS GUYS! GOOD NEWS GUYS! GOOD NEWS GUYS!
ARBB YEAR END TP RM 1.00--ARBB YEAR END TP RM 1.00--ARBB YEAR END TP RM 1.00
LET ME WRITE A SIMPLE SUMMARY ON WHY WE SHOULD BUY ARBB 7181 SHARES!
1.) Executive Summary ARB Berhad, provides enterprise resource planning, Internet of Things (IoT), and re-energy solutions in Malaysia.
2.) Market Performance GOOD-- (7 Day Return 19.1%) ( MY IT 4.8%) (MY Market 0.6%)
3.) Valuation Is ARB Berhad undervalued compared to its fair value and its price relative to the market? 2.44xPrice to Earnings (PE) ratio
a.) Price To Earnings Ratio PASS-- PE vs Industry: ARBB is good value based on its PE Ratio (2.5x) compared to the IT industry average (20.3x).
PASS-- PE vs Market: ARBB is good value based on its PE Ratio (2.5x) compared to the MY market (12.9x).
b.) Price to Book Ratio PASS-- PB vs Industry: ARBB is good value based on its PB Ratio (0.8x) compared to the MY IT industry average (1.1x).
4.) Future Growth ARB Berhad forecast to perform in the next 1 to 3 years based on estimates from analysts. PASS-- 83% Forecasted Software industry annual growth in earnings
5.) Past Performance PASS- Until 31 dec 2019 Revenue rm102.644mil / year Earnings rm33.205mil / year Profit margin 32.3% Growing Profit Margin:ARBB's current net profit margins (32.3%) are higher than last year (27.7%).
.
How has ARB Berhad performed over the past 5 years? PASS--58.0% Historical annual earnings growth
a.) Past Earnings Growth Analysis PASS-- Earnings Trend: ARBB has become profitable over the past 5 years, growing earnings by 58% per year.
PASS-- Accelerating Growth: ARBB's earnings growth over the past year (684.6%) exceeds its 5-year average (58% per year).
PASS-- Earnings vs Industry: ARBB earnings growth over the past year (684.6%) exceeded the IT industry 17%.
6.) Return on Equity
PASS-- High ROE: ARBB's Return on Equity (27.5%) is considered high.
7.) Financial Health
How is ARB Berhad's financial position? PASS-- Short Term Liabilities: ARBB's short term assets (MYR75.7M) exceed its short term liabilities (MYR1.1M).
PASS-- Long Term Liabilities: ARBB's short term assets (MYR75.7M) exceed its long term liabilities (MYR6.5M).
8.) Debt to Equity History and Analysis PASS-- Debt Level: ARBB's debt to equity ratio (0.1%) is considered satisfactory.
PASS-- Reducing Debt: ARBB's debt to equity ratio has reduced from 3.5% to 0.1% over the past 5 years.
PASS-- Interest Coverage: ARBB's interest payments on its debt are well covered by EBIT (509.3x coverage).
MORE GOOD NEWS GOOD INVESTORS OF ARBB 7181 !!! ARBB (7181) has 5 main Pillars (AND THIS IS NO CRYSTAL BALL NEWS)
1. Pillar number One
ARBB (7181 ) is doing IOT and others
THE Main focus for investing in ARBB(7181)is because of RM210 million was allocated under the programmed to encourage transition of businesses to Industry 4.0 technology from 2019 till 2021.
2. ARBB (7181) is doing ERP SYSTEM and others
AFTER MCO ARBB JV COMPANY WILL BRING TONS OF CUSTOMERS RAINING IN (100% CONFIRM)......
3.ARBB (7181) is going for gov project
CONTRACT WILL BE SIGNING WITHIN 4 MONTHS........ (70%CONFIRM!)........
4.ARBB (7181) is going overseas U.S COMPANY Caravan Capital Management LLC IS INVITING ARBB PERSON IN CHARGE GOING AMERICA TO MAKE PROMOTION ABOUT ARB BERHAD! BECAUSE Caravan Capital Management LLC HAVE LOTS OF U.S BIG COMPANY RECOMMENDED TO INVEST INTO ARBB...... (100% CONFIRM)
MORE AND MORE FOREIGN COMPANY WILL SAPU ARBB SHARES (100% CONFIRM).......
5.ARBB(7181) is related to gov...........RECENTLY. WHICH GOV PARTY? DON'T ASK!!!!!! WILL NOT ANSWER!!!!!! (100%CONFIRM)
THE rest are side dishes
Year 2020 will see ARBB (7181) turn into a Red hot bull run stock of IR 4.0 INDUSTRY just like OGSE was for 2019!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Victor Yong
8,271 posts
Posted by Victor Yong > 2020-04-30 00:24 | Report Abuse
Uptrend again :p
Date Close
29/04/2020 0.155
28/04/2020 0.15
27/04/2020 0.155
24/04/2020 0.155
23/04/2020 0.155
22/04/2020 0.155
21/04/2020 0.155
20/04/2020 0.17
17/04/2020 0.17
16/04/2020 0.17
15/04/2020 0.165
14/04/2020 0.17
13/04/2020 0.165
10/04/2020 0.175
09/04/2020 0.18
08/04/2020 0.17
07/04/2020 0.185
06/04/2020 0.18
03/04/2020 0.17
02/04/2020 0.175
01/04/2020 0.135