Asian governments have turbocharged their issuance of dollar bonds as they seek to fortify their balance sheets and fund relief efforts during the coronavirus pandemic.

Sovereigns, supranational and government agencies in the region, excluding Japan, raised $18.7bn in dollar bonds in April, their fastest rate in 10 years, according to Dealogic data. Asian governments have issued more than $30bn in dollar bonds in 2020 so far, double the total in the same period last year.

Among the most eye-catching has been the Indonesian government’s move in April to raise $4.3bn through bonds, including Asia’s first-ever 50-year issuance. Jakarta plans to use the proceeds for its virus relief efforts.

Quarterly revenue fell 27.9% to RM104.93 million from RM145.56 million previously, Sunway REIT said in a bourse filing.

The REIT's 4QFY20 performance, however, was partially cushioned by the diversified income stream from the remaining sectors within its asset portfolio, which were relatively unaffected by the MCO, as a majority of these properties were on master leases, it added.

Net realised income for unitholders in 4QFY20 was down 67.4% to RM21.91 million from RM67.16 million last year.


Sunway REIT Management Sdn Bhd chief executive officer Datuk Jeffrey Ng, in a separate statement, said the group is seeing encouraging recovery in footfall at its malls since the Recovery Movement Control Order was enforced in June.

"The business units management teams have also recently launched 'Ke Sana Ke Sini Ke Sunway' campaign, a leisure package which was fully sold within two weeks of launch. Due to the overwhelming response, a sequel of the campaign was launched, 'Ke Sana Ke Sini Ke Sunway Lagi'. These campaigns, which aim to capture the short-term surge in demand amongst consumers following a period of lockdowns, demonstrated the strength of business synergies within the Sunway City ecosystem."

Meanwhile, as part of the REIT's cash conservation initiative, Ng said the group is in the process of establishing a Distribution Reinvestment Scheme to provide the additional flexibility to unitholders to receive future income distribution in cash, units or a combination of both

The previous retaliations from huawei ban.

https://www.ft.com/content/b55fc6ee-1787-11...73-6303645ac406

So it wouldn't be a surprise if apple is next, especially on enterprise side. There is currently a law suit on patent infringement to stop apple from selling their new phone in china.

China could use this opportunity as an excuse to retaliate.

Damn, so gold counters just suddenly get goreng again? From nearly limit down to now +10% above? LOL

Not dare to touch ady, later kena burnt again

That is my worst position ever. Stupid market, can't even give a red red day like June or March.

But i think there is too many short position out in the market now,  a bit more we may end up having a short squeeze.

I think yesterday's events spooked a lot of ppl from going in to buy, and many also cautions how the market will swing, especially gloves.

But with a positive result today, this could restore  confidence in the market. Hope for a better day tomorrow.

Split or bonus shares don't add value or gain to stock  holder
what is the benefits?

A 1996 study by David Ikenberry of Rice University measured the short and long-term performance of stock splits. His research included all the 1,275 companies whose stock split 2-for-1 between 1975 and 1990. Mr. Ikenberry compared the split stocks to a control group of stocks for similar-sized companies in similar sectors that had not split. His results were startling. The split stock group performed 8% better than the control group after one year, and 16% better after three years.

In August 2003 Mr.Ikenberry - now Chairman of the Finance Department at the University of Illinois at Urbana-Champaign - updated the stock split study. This time he looked at companies from 1990 to 1997. Using a similar methodology that included 2-for-1, 3-for-1 and 4-for-1 stock splits, he found the results were essentially the same. Shares of split stocks on average outperformed the market by 8% the following year and 12% over the next three years.

After receiving dozens of phone calls and text messages from banks touting cheap, unsecured and easy-to-get consumer loans, Eric Zhang visited one of China’s largest lenders in June and borrowed 400,000 yuan ($57,600) at an interest rate of 4%.

But there was a catch -- he had to sign a letter promising the money wouldn’t be invested in property or stocks. That didn’t stop Zhang. A few days later, he’d found a merchant who helped him make a fake purchase and move the cash to his brokerage account.

“I don’t think the bank can track the money and identify its real use,” said Zhang, who works at a Shanghai-based private equity firm. “It’s a great trade for me,” he said, after seeing his fresh stock investments surge 6% in one month.

Zhang’s story is playing out across China as retail investors embrace the euphoria of the biggest bull run since 2015. Banks and financing platforms are being swept along as punters look for quick cash to bet on the world’s most volatile equity market. It’s a dangerous strategy both for already overextended households as well as lenders, one that’s drawing closer scrutiny from regulators.

Josh Xu, a property agent in Shanghai, is an active day trader using money borrowed on his credit card and from online lenders such as Ant’s Jiebei loan service. Xu, who earns less than 10,000 yuan a month, has made a few thousands on his 30,000 yuan investment, he said.

According to loan agreements, Ant prohibits users from borrowing for investments. Jiebei’s clients need to provide a purpose for the loan while applying on an app, and violators could see their cash withdrawn. The loan terms last anywhere from three months to two years.

y cant use the money for invested in property or stocks?
malaysia got these rules or not a?

This is bad, borrowing to play stock is like gambling.. if now this problem come back again, china goes boom boom pow again

Revenue was down 14.67% to RM103.02 million from RM120.74 million, owing largely to the decline in the telecommunications segment, which was partially offset by higher contribution from the semiconductor and medical devices segment.

The weaker telecommunications segment throughout the six-month period ended June 30, 2020 (1HFY20) was also largely to blame for the 13.61% decline in Pentamaster's net profit during the period to RM33.78 million, from RM39.11 million in 1HFY19. Revenue fell 15.18% to RM203.13 million from RM239.5 million.

On prospects, Pentamaster said it is back to a 100% workforce run-rate with "an aggressive production ramp-up".

"On a strategic level, the group acknowledged the need to embark on opportunities for potential strategic business collaboration that are synergistic to its business in order to propel the group to the next level.

"Given the current headwinds posed by the convergence of both Covid-19 pandemic and US-China trade tension, the group acknowledged the urgency in accelerating such strategic initiative that may potentially involve the group to expand its presence outside of Malaysia for better customer support and supply chain diversification," it added.

Hopefully warren buffet's latest move will bring confidence into gold counters especially the likes of muiprop bahvest & bornoil

Come on gold

Aiyo this guy leave destruction only on all stock behind him.

You see jaks, vs industry, dayang to name a few. All this is his recent target that masuk deep freeze once he left after saying so many good things about them

Trust in warren buffett, he also in gold 

It goes up the sharks are already planning ahead to makan all those small fishes. The sharks has collected huge amount when the price it low.

Guys, i wanna buy some Topglove warrant, which one best to buy?

The other solution would be better. Ask the boss to take only 10% of his salary. That should solve all issues.

I know... I was being sarcastic...

The lower vessel utilisation in its 60%-subsidiary Perdana Petroleum Bhd at 52%, from 55% in 1QFY20, was caused by delayed work orders due to the Movement Control Order, Dayang said in its stock exchange filing.

Meanwhile, the higher costs quarter-on-quarter came as it adhered to the standard operating procedures to combat Covid-19, it added.

“Looking ahead, we believe that the outlook in the second half of 2020 will improve considerably, as crude oil price has also stabilized at a healthy level, which bodes well for the oil and gas industry.

“In addition, our order book remains strong at an estimated value of RM3.8 billion, which will ensure healthy earnings visibility over the next few years,” it said.