Just want to share, how many months KLCI fall in previous crisis. History wont repeat the same however recent crisis due to coronavirus has created the longest KLCI monthly fall chart. Will this come to the end soon? Time will judge.
1. DJIA hit 1st strong support level 24,720 and rebound. If this level crash down again we may able to see 23,500 and 21,750 (2nd strong support). For current situation, DJIA maybe just finished short term consolidation and wait for another uptrend. The biggest risk for US is still coronavirus. Highest level 29,568.57
2. Nasdaq short term support 8270 however 1st strong support found 7300 and 2nd strong support 6188. Technology stocks rebound will be fast and strong if world economy come back to normal. Highest level 9838.37
3.HSI still in downtrend and might be consolidated side way since China market don't have any good news yet. Support should be 25,500 and 24,550, if HSI crash down 24,500 then it will go into very bearish situation.
4. Crude oil price drop is due to slow down in world economy which pull down the world demand for crude oil. Strong support is USD40 and USD 33. The price it will stagnant and consolidated around USD40. Crude oil is in downtrend however due to interference from production country the trend can change.
5. Gold is clear signal on uptrend with volume. Market uncertainty and world central bank keep reduce interest rate will help to push gold price up further. Strong support 1535 and 1450. Gold might able to test 1700 and 1800 level.
6. KLCI start dropping since Apr 2018 which is the highest level 1890 points until now 1480. KLCI strong support will be 1400 and 1300, resistence 1514 and 1560. Due to coronavirus, politic uncertainty and low crude oil price, Malaysia currently face the biggest challenge for their economy. Malaysia is not an open economy therefore any sharp fall or deep fall on their economy will take some time for recovery. Unless world economy able to recover fast from current threat if not KLCI will drop further.
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.
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
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."
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)
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.
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.
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.
