Glove - Buy call for this quarter

This is the only industry you should focus in this quarter.

Malaysia government change!!

1. Pakatan Harapan only able to stay in power for 1 year and 9 months as Malaysia government. Good or bad history will judge, Tun M will have what kind of write up all leave to history.

2. The biggest risk for investment is country risk, when politic uncertainty and trust start diminish lot bad things can happen.

3. The impact for coronavirus on real business market start to show and predict lot economy data issue will be bad and lot company quarter result will be bad as well.

4. KLCI technically already go into bear market, index strong upport is 1400 and 1300. For all these information we gather, Malaysia now has the highest chance to go into perfect storm.

5. Wait and see is the best way, good fundamental private company drop is chance.

6. Remember any storm one day will over and shares market will up back as well. Stand strong keep your cash and wait for chance, any crisis is your chance to double up your wealth.

Singapore Budget 2020 highlights

The following are the highlights of Singapore's Budget 2020:

• Singapore sets aside S$800 million to counter Covid-19, bulk goes to MoH
• Two special packages worth S$5.6 billion to tackle Covid-19 impact on Singapore’s economy
• Singapore has named five sectors that have been directly affected by the Covid-19 outbreak to get additional support: tourism, aviation, retail, food services, point-to-point transport services 
• GST to remain at 7% in 2021 
• Singapore has lowered its 2020 GDP growth forecasts from growth of between 0.5% and 2.5% to a contraction of between -0.5% and growth of 1.5% 
• 15% property tax rebate for qualifying commercial properties 
• Temporary bridging loan programme of up to S$1 million with interest rate capped at 5% to be introduced for one year for enterprises in tourism sector, government to take up 80% of loan risk 
• Changi airport gets 15% property tax rebate to combat impact from Covid-19 outbreak 
• Another S$300 million under co-investment scheme Startup SG Equity to catalyse investment into deep-tech startups 
• One-month rental waiver to stallholders in National Environment Agency-managed hawker centres and markets, half-month waiver to commercial tenants of other government agencies 
• One-off SkillsFuture credit top-up worth S$500 for every Singaporean aged 25 and above, available from October 2020 to December 2025 
• Govt to maintain foreign worker levy rates for all sectors in 2020 
• Govt expects budget position will be more expansionary in FY20, with a larger basic deficit of S$12.3 billion 
• Govt expects S$1.7 billion budget deficit for 2019 or 0.3% of GDP – lower than the forecasted S$3.5 billion – on lower expenditures from unforeseen project delays 
• Singaporeans aged 21 and above to receive one-off cash-payout of S$100 to S$300 in 2020. Additional S$100 payout for adult Singaporeans with at least one child aged 20 years and below in 2019. 
• Govt expects budget deficit of S$10.9 billion or 2.1% of GDP for 2020

Source : https://www.theedgemarkets.com/article/singapore-budget-2020-highlights

Tesla - no share can fight for now!!

Last year when Elon Musk talk about privatized Tesla at USD420 everyone was laughing. Now Tesla reach highest price USD968.99, this is what we call US market the largest in the world nothing is impossible.

Influential Quotes

"If something is important enough, you should try. Even if the probable outcome is failure."

"Failure is an option here. If things are not failing, you are not innovating enough."

"I would like to die on Mars, just not on impact."

"I think South Africa is a great country, but if you wanted to be close to the cutting edge, particularly in technology, you came to North America."

Glove counters

Tribute to Kobe Bryant

RESPECT is the only word I want to use and I will always remember this "Have ever seen Los Angeles at 4 am?"

World's Healthiest Nations

Year end few important news!!

1.  Vanguard Group Inc 预计美国股市有50%的机率调整10%。

2. 东南亚拉抬通膨‧将推B计划

- 包括大马在内的东南亚国家明年通膨率预料将维持低迷，让各国中行面临艰难抉择。专家表示，决策当局须考虑动用“B计划”，以因应通膨始终难以升温的局面。

- “主轴将迅速转向‘B计划’，可能是前瞻指引、负利率及量化宽松的结合，即便是泰国也是如此，这将成为2020年的重大题材。”

- 泰国货币政策操作空间正急遽缩小。在泰铢激升之际，泰国中行一直难以将通膨率拉回1至4%的目标区间。

- 泰国中行上周按兵不动，将基准利率维持在1.25%。

3. 美债回酬率‧打2％保卫战

- 作为全球债市回酬率基准的美国10年期公债回酬率，2020年的关键观察数字将是2%，投资者将关注明年美债回酬率能否“保2”。

- 因为英国国会改选结果使脱欧之路趋于明朗，及美中达成第一阶段贸易协议，两项可能推升回酬率的催化剂都已实现，但目前的10年期美债回酬率仍仅略高于1.9%。

- 展望明年，尽管全球经济可望复苏，但联储局将维持低利率不变，将压低短期美债回酬率；中、长期回酬率也将因全球投资者持续寻找正回酬率公债，而使美债回酬率欲大不能。

4. Hong Kong loses to another Chinese port city as container volume grows in busier northern rivals

- Port of Qingdao in northern Shandong province has moved more container boxes than Hong Kong in the first 11 months

- Hong Kong recorded a 7.4 per cent drop in November, making it a 22nd straight month of declines in volume

5. 踢走星巴克‧台湾品牌成咖啡馆龙头

- 近两年开店狂飙的路易莎咖啡来势汹汹，统计至最新已经来到489家，将正式超越星巴克。

- 以2018年为例，星巴克营收新台币110亿元（约15亿令吉）称霸，大幅领先所有咖啡连锁通路。

- 根据今年前3季财报显示，台湾星巴克净利4亿8200万元，去年同期5亿零500万元，2017年同期为5亿8000万元，近3年来获利都呈现下滑状态。

6. 特斯拉重回“私有化“乱局水平‧马斯克得意的笑了

- 特斯拉据传从中资银行获得逾人民币100亿元（约59亿令吉）用于上海工厂的融资。特斯拉也正准备开始在中国交付当地生产的Model 3汽车。

如有任何疑问，欢迎与我交流讨论。任何股票买卖建议输赢绝对不负责。

From：林友志 （Lim Yu Chee) 012-7685809 / Makubex718@gmail.com

2020 Outlook Malaysia hospitals at a glance

FBMKLCI VS Peers 2019

Alibaba

Alibaba today listing in Hong Kong stock code 9988.

Google Temasek e-Conomy SEA 2019

Digital Financial Services - Google Temasek e-Conomy SEA 2019

1. SEA 400 million adults, 104 million fully "BANKED" enjoy full access to financial services. 98 million "UNDERBANKED" and 198 million "UNBANKED".

2. Five Financial Services are ripe for transformation in the digital era : Payments Remittance, Lending, Investment and Insurance.

3. Digital Payments are expected to cross $1 trillion by 2025.

4. Digital lending on track for a $110 billion loan book by 2025.

5. They can be broadly classified into four main buckets: Pure-play Fintechs, Consumer Technology Platforms, Established Financial Services Players and Established Consumer Players.

Pure-play Fintechs are independent players that have emerged to compete in a particular segment with a new business model or technology. They include companies such as Momo, the Vietnamese payments app, Stashaway, the digital wealth management service, and Akulaku, the Indonesian digital lender. Many of these companies have successfully grown their user base by addressing specific pain points related to access, convenience, value and transparency. However, they face high customer acquisition costs (CAC) and it remains to be seen whether they can generate an even higher lifetime value (LTV) to be financially sustainable. The ability to fund their balance sheets to scale their business models is also untested.

Consumer Technology Platforms count among their ranks regional Internet companies such as Gojek, Grab, Lazada and Sea Group. When it comes to Financial Services, these companies’ biggest asset is their established customer base, which transacts online using their core services such as Transportation, Food Delivery and e-Commerce. These platforms have introduced payment services to facilitate transactions on their core services initially, but from there, they are well positioned to offer other Digital Financial Services such as lending, investment and insurance, often in partnership with Financial Services institutions.

Established Consumer Players include the likes of telcos and retailers. These companies can reach a broad base of consumers through their physical distribution networks, all the way to most rural areas. The  key challenges holding them back from exploiting the opportunity at hand are the relative lack of Financial Services expertise and IT systems that are not usually designed to offer compelling user experiences.

Established Financial Services Players are companies that have been in the business the longest: banks, insurers and other financial institutions. They have the most experience and expertise of the four but most of them struggle to roll out superior digital services, hampered by legacy IT systems as

well as a thin talent bench in areas that matter the most, such as software development, digital marketing and data science.

e-Conomy SEA 2019 The Gross Merchandise Value (GMV)

Full report : https://www.temasek.com.sg/en/news-and-views/subscribe/google-temasek-e-conomy-sea-2019.html

如有任何疑问，欢迎与我交流讨论。任何股票买卖建议输赢绝对不负责。

From：林友志 （Lim Yu Chee) 012-7685809 / Makubex718@gmail.com

Profit YOY and Q0Q increase

List of companies with 2 years continuous profit and latest quarter to quarter profit increase :
公司业绩连续两年获利以及盈利在最新两个季度对比是起的 :

1. ALLIANZ 1163
2. CCK 7035
3. CYPARK 5184
4. DIALOG 7277
5. F&N 3689
6. FPGROUP 5277
7. FRONTKN 0128
8. GCB 5102
9. KERJAYA 7161
10. KGB 0151
11. MANULFE 1058
12. MASTER 7029
13. MBMR 5983
14. MI 5286
15. PADINI 7052
16. PENTA 7160
17. PESTECH 5219
18. PTRANS 0186
19. PWROOT 7237
20. QL 7084
21. REDTONE 0032
22. SCICOM 0099
23. SERBADK 5279
24. SUNWAY 5211
25. SYMLIFE 1538
26. UZMA 7250

List of companies with 2 years continuous profit and latest quarter to quarter profit maintain or slightly fall.
公司业绩连续两年获利以及盈利在最新两个季度对比保持或稍微下跌 :
1. AEONCR 5139
2. BAUTO 5248
3. CARING 5245
4. HLIND 3301
5. JHM 0127
6. KOSSAN 7153
7. MUHIBAH 5703
8. MYNEWS 5275
9. PETGAS 6033
10. SCIENTX 4731
11. SUNCON 5263
12. TAKAFUL 6139
13. VITROX 0097
14. VS 6963

List of companies with quarter to quarter increase ：
公司业绩最新季度对比是起的 ：
1. ARMADA 5210
2. CARIMIN 5257
3. DELEUM 5132
4. PENERGY 5133
5. DSONIC 5216
6. DUFU7233

We find out that this type of companies share price have more chance to appreciate or already in uptrend. 我们发现这类型的公司在这样的行情股价起的机会很高以及有很多已经算是在上升趋势了。

以上纯属个人分析与评论，如有任何疑问，欢迎与我交流讨论。任何股票买卖建议输赢绝对不负责。

From：林友志 （Lim Yu Chee) 012-7685809 / Makubex718@gmail.com

美国股市到底如何？How is DJIA？

1. DJIA still in the high side and might break another new high. Current support will be 23,344 if this level break we might see a big correction (technical bear market / crisis, depend on that time situation) although strong support is 21,712.

道琼斯工商指数现阶段还是处于高点而且很大机会会创另一个新高。指数支持点在23,344,强力支持点在21,712。但是我们认为突破这个23,344就要小心了，预计将会发生大调整/技术性熊市/股市危机，这都要看当时的情况。

2. Latest news HKEX makes US$36.6 billion surprise bid to take over London Exchange. This action will help China to expand their financial strength, market deep, and variety of products.

最新消息香港交易所要以美金366亿来并购伦敦交易所，者个举动将有效帮助中国扩展其金融市场创造一个全球布局，覆盖亚欧美三大时区的国际交易所。

3. US as the world leader for almost 100 hundred years, he will use all kind of tactic to stop their competitor as history show.

美国这个大国大约强力统治了世界经济100年，根据历史他们往往不惜一切代价的吧对手打倒。

4. China choose a very good way is to find alliance rather than fighting US alone at current situation. What China need now is time and keep moving up. 

中国要时间崛起所以拥有好的联盟扩展是很好的策略毕竟现在中国还不是美国的对手。

5. However, World need this double engine to grow, China and US. Peace is the way. 

世界经济的增长终究都需要靠美国和中国这两个双引擎。和平是最佳选择。

Special Chart

Which Countries Own the Most U.S. Debt

Link: https://www.visualcapitalist.com/foreign-countries-holding-most-u-s-debt/

The $86 Trillion World Economy in One Chart

Link : https://www.visualcapitalist.com/the-86-trillion-world-economy-in-one-chart/

5286 Mi Technovation Berhad

1. Share issue : 500 million, Market Cap : RM955 million ( Price RM1.91 12.20pm), Cash Reserve RM162 million, Debt RM5.434 million

2. Gross profit margin 51%, profit margin 32%.

3. Second plant at Batu Kawan targeted to be completed by 2H2020. Plan to grow capacity 5 folds in 2019 and 9 folds in 2020. Current production 17,000 sq ft / 8 machines per month. 2Q19 aim 90,000 sq ft / 45 machines per month.

Full report : https://www.mi-eq.com/wp-content/uploads/2019/08/FY2019_Second_Quarter_Transcript.pdf

以上纯属个人分析与评论，如有任何疑问，欢迎与我交流讨论。任何股票买卖建议输赢绝对不负责。

From：林友志 （Lim Yu Chee) 012-7685809 / Makubex718@gmail.com

Salute 0183

For more infor : https://my.stockbit.com/#/post/2841894

以上纯属个人分析与评论，如有任何疑问，欢迎与我交流讨论。任何股票买卖建议输赢绝对不负责。

From：林友志 （Lim Yu Chee) 012-7685809 / Makubex718@gmail.com

Market Crash?? 马股会崩盘吗??

1. FBKLCI monthly view by using Elliot wave. 

2.The Elliott Wave Theory is interpreted as follows:

a. Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move). This 5-3 move then becomes two subdivisions of the next higher wave move.

b. The underlying 5-3 pattern remains constant, though the time span of each wave may vary.

3. Bank Negara Malaysia statement :

a. Latest 2Q19 GDP for Malaysia is 4.9% exceed expectation, supported by higher household spending and private investment. Manufacturing sector also grow from 4.2% 1Q19 to 4.3% 2Q19.

b. "The ringgit has played a very key role in absorbing… and has created a role [for itself] as a shock absorber to ensure that the external developments and the external shocks [do] not translate to disruption in economic activities," said Nor Shamsiah at media briefing on the nation's gross domestic product (GDP) for the second quarter of 2019 today. She also noted that the ringgit weakness has somewhat helped increased order volume from the manufacturing side, and the country was "already seeing a trade diversion" from the ongoing trade spat between the US and China.

c. Regarding global bond yields' continuous fall, Nor Shamsiah said the downtrend movement of the Malaysian bond yield is not as bad as other regional economies. She explained that the Malaysian bond market is deep and diversified, coupled with a diversified investors base, which has helped cushion impact on bond yields.

d. When asked if there will be another round of rate cuts, Nor Shamsiah said: "We will continue to assess the external developments and how it affects the medium growth trajectory… both growth and inflation."

5. Our view : Ringgit may remain weak in order to sustain Malaysia economy. 2Q19 GDP 4.9% is far more better than other countries but this growth rate for emerging country like us is low as well. People wont feel the growth and might still suffer because other sectors GDP is dropping for example Agriculture, construction, and Public sector (consumption and investment).

However in terms of FBMKLCI view, Malaysia seems projected to have a uptrend in coming future. Our risk is external risk like trade war between China and US, Japan and Korea, and slow down in world economy growth.

1. 以上分析是以波浪理论为基础来观察吉隆坡综合指数的月线图。

2. 波浪理論的四個基本特點

（１）股價指數的上升和下跌將會交替進行；

（２）推動浪和調整浪是價格波動兩個最基本型態，而推動浪（即與大市走向一致的波浪）可以再分割成五個小浪，一般用第１浪、第２浪、第３浪、第４浪、第５浪來表示，調整浪也可以劃分成三個小浪，通常用Ａ浪、Ｂ浪、Ｃ浪表示。

（３）在上述八個波浪（五上三落）完畢之後，一個循環即告完成，走勢將進入下一個八波浪循環；

（４）時間的長短不會改變波浪的形態，因為市場仍會依照其基本型態發展。波浪可以拉長，也可以縮細，但其基本型態永恆不變。

總之，波浪理論可以用一句話來概括：即「八浪循環」

3. 国家银行的数据

a. 马来西亚经济次季GDP增长4.9%超越预期

b. 马币汇美金的低汇率有助于国家缓冲国外波动的局势，受益者是制造业因为订单与产量增加。目前全球经济环境甚具挑战性，这包括先进与新兴国家的成长皆放缓，持续的贸易紧张局势使外需疲弱，以及全球不确定性提高。

c. 马来西亚的债券还是处于良好状态

4. 我们的观点 ：马币汇美金会持续保持这个波动 4 - 4.3 为了支持经济的支柱制造业。虽然GDP增长有4.9%比其他很多国家都来的好，但是属于新兴国家的我们人民不会感受到好感。这是因为主要人民会会感受到的行业如农业，政府开销以及建筑业都放缓了。新兴国家一般需要5%以上的增长才会让人民感受到好感。

吉隆坡综合指数在经过一番大调整过后看上，这是因为经济并没如预期的大跌。如果外围混乱的局势得到缓解，以马来西亚现有的基础成长能力是有的。大型建筑工程如果有钱推行将有助与经济的成长，另外政府强力推行农业发展也希望会有成果。

下图是之前分享过的股市会大跌的月分 (八月/九月)：

This chart we share before, August and September is the month where major correction use to happen on average.

Reference :
http://www.enanyang.my/?p=1273143
https://www.klsescreener.com/v2/news/view/568028

以上纯属个人分析与评论，如有任何疑问，欢迎与我交流讨论。任何股票买卖建议输赢绝对不负责。

From：林友志 （Lim Yu Chee) 012-7685809 / Makubex718@gmail.com

Good data from CIMB research....updating

1.

Market move up if RM getting stronger, this mean Malaysia market still need foreign fund to push if not index counters hardly move up.

2. Foreign participation is important to market.

3. US data

4. Foreign shareholding in Malaysia equity market.

5. Historical bear market in Malaysia.

Since 1997, the average duration of a Malaysian market downturn has been 12 months, with the longest being 18 months. It would appear that the global and Malaysian markets may have peaked in 2018 and are currently in a downtrend. Using historical data that show a market downturn lasts 12 months on average would suggest the KLCI should have reached the bottom of this market cycle in early-Apr 19. However the YTD low achieved by the KLCI was 1598 points on 24 May 2019. It is unclear if the KLCI has bottomed at this juncture. Alternatively, if we consider the longest downturns of 18 months, the KLCI could see a bottom in mid-Oct 19. 

*copy from CIMB research*

6. Can take note Top 20 stocks trading near yearly lows (%). This is because lot of the time this type of stocks will rebound very fast. Best example KESM 100719 close RM8.43 +0.19

7. 1H19 Gain and loss of stocks under CGS-CIMB

以上纯属个人分析与评论，如有任何疑问，欢迎与我交流讨论。任何股票买卖建议输赢绝对不负责。

From：林友志 （Lim Yu Chee) 012-7685809 / Makubex718@gmail.com

Bursa Malaysia Historical

 
Current PE 18.58. Market Capital RM1,773 billion.