08 May 2021

What is the 'Target Price' given for Hartalega by various research houses? (May 2021)

All the glove counters in Malaysia were bashed down to their lows recently, but renewed interest resurface again amid resurgence of Covid-19 cases worldwide, coupled by bargain-hunting activity from investors.

However, cautious outlook came as other glove producers such as Hartalega, Supermax and Careplus warned that glove prices are coming off, indicating that ASP may have peaked this quarter.

In this article, we gather some info on Hartalega and below is the summary & target prices given by various research houses.

Recap on the Latest Quarterly Result of Hartalega

04 May 2021

Why the Divorce of Bill and Melinda Gates makes it to the TOP news? Reasons are here...

"After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage," the pair tweeted. Oh no. This is not the ordinary pair, they're extraordinary couple in this world.

By posting the same identical message on their twitter accounts on 3rd May 2021, Bill and Melinda Gates have announced that they are getting divorce after 27 years of marriage, saying "we no longer believe we can grow together as a couple".

While we don't know what exactly happened between two of them, but, social medias have been flushing about this divorce all day long. And, we won't write about the relationship, but we will write about what is related to $$$$$$$$$

The three reasons why this divorce make it to the TOP news!

  1. Among the World's Wealthiest Person Couple

21 April 2021

A Letter from Top Glove's Tan Sri Dr. Lim Wee Chai on 19 April 2021

If you're one of Top Glove's shareholders, you will receive an email letter with the subject: "Top Glove: A Letter from Executive Chairman to Shareholders"

This was like kind of investor relation act from the world's largest glove company, especially after the recent headlines grabbing topic of forced labour in it's Malaysia operation, resulting US Customs and Border Protection (CBP) to issued an order in July last year that barred imports from two of Top Glove's subsidiaries on suspicion of labour abuses.

Even worse, the ban was extended to all disposable gloves originating in Top Glove factories in Malaysia since 29 March 2021.

So, what is it all about?
Curious to know?

Let's enjoy your read below:

20 April 2021

EPF will stop dividend payments to members after 75 years old? Please read this...

What the ???

Many rumours regarding our retirement fund EPF has been circulating in social media all this while (as long as I know there is EPF in this world). Lol. 𛱠𛱠𛱠 And, one of the hot topic is whether EPF will continue to payout dividends to members aged 75 and above?

And, being a financial-focused blog, for sure we have to write about this matter. Please read on...

By the way, why 75 and not 65 or 85 or 95? 

28 March 2021

[E-wallet] 13 Questions about GO+ under Touch'nGo e-wallet (with Answers)

Complaining that e-wallet operators are using our money to roll-over?
That's why it sounds stupid if we put in so much money inside our e-wallet account?

Okay lo...

TNG eWallet has just recently come out with this new feature called GO+ to meet your burning desire, hopefully...

GO+ is a new TNG eWallet feature launched by TNG Digital Sdn Bhd (“TNGD”) which allows the balance in your GO+ account to earn potential returns.

The underlying fund for GO+ is Principal e-Cash – a money market fund managed by Principal Asset Management Berhad (“Principal Malaysia”) that aims to provide investors with liquidity and income.

The balance in the GO+ account should not be treated as e-money, deposit; and is neither capital guaranteed nor capital protected by PIDM.

How do I upgrade to GO+?

27 March 2021

Tax Refund email sent by LHDN? So good ah?

Based on the information gathered, Inland Revenue Board of Malaysia (IRBM) or LHDN would like to alert the public to be more cautious of the modus operandi used by tax scammers, especially during tax filing season.

Don't be a Scam Victim!

What are the tactics being used by scammers?

20 March 2021

Personal Income Tax Relief for YA2020

Hey, it is about time to file your income tax return for this year. In order to help you go through it, let's refer to the quick guide here, especially on the tax relief part. What are the changes this year YA2020 compared to previous year?

Due to the Covid-19 pandemic, some of the newly introduced and enhanced personal tax reliefs are shown below:-

12 March 2021

Energy Commission: The Selected Shortlisted Bidders are...

In May 2020, the Ministry of Energy and Natural Resources (KeTSA) via the Energy Commission (EC) opened a competitive bidding process for Large Scale Solar (LSS) programme by Malaysia Electricity Industry to Attract Renewable Energy Investment (LSS@MenTARI).

Why this LSS project hogging the limelight since then?

Under LSS@MenTARI, some 1,000 megawatts (MW) of solar quota will be offered through the bidding process, and is open to fully-owned local companies or with at least 75% local shareholding for companies listed on Bursa Malaysia.

The quota offered this time is the biggest under the LSS programme:
  1. LSS-1 370MW
  2. LSS-2 520MW
  3. LSS-3 500MW
  4. LSS@MenTARI is 1,000MW

However, the Ministry had set the maximum bidding capacity from each developer at 50MW compared with 100MW previously to give more opportunities for industry players to participate in the bidding process.

And, this round it was being offered in two packages:
  1. First package
    ~ total quota offered is 500MW
    ~ the capacity range offered is between 10MW and less than 30MW

  2. Second package
    ~ total quota offered is 500MW
    ~ the capacity range offered is between 30MW and 50MW

The Shortlisted Bidders are... (updated on 12 March 2021)

11 March 2021

[Maybank2u] Compulsory to use Secure2u starting 15 March 2021?

This is a new thing for Maybank2u users, but many of us just ignored this function by sticking to the old method of receiving SMS tac number. True? Very soon, the SMS method will be phased out by Maybank mainly for better security reason. Hey, it's time to change to Secure2u method!

According to an important announcement made by Maybank, users will be required to utilise Secure2u to authorise Bill Payments and Interbank Giro (IBG) transfers of any amount on Maybank2u effective 15 March 2021.

What is Secure2u?

06 March 2021

What? TradingView also on SC's Investor Alert List?

Please take note, we're not promoting TradingView or whatever. This post is purely sharing the latest updates for our financial related readers here. Either side can have your own opinion and there is no right or wrong here. We strive to provide valuable info to all of you.

First, who is TradingView?

01 March 2021

What should you know before performing BigPay cash top up at 7-Eleven?

In case you haven’t heard, you can now top up your BigPay account with cash at all 2,400 7-Eleven outlets nationwide! Yes. It's cash top up! And, it was like suddenly we have 2,400 places in the country to top up our BigPay now. How?

Topping up your account with cash is super simple. Just go to a 7-Eleven, open your BigPay app and follow these steps:

19 February 2021

MyDIGITAL ~ What does this mean to Malaysia?

The global economy, Malaysia included, continues to endure the severe challenges of the COVID-19 pandemic. This black swan event has affected Malaysians of every ethnicity and social strata as well as workers in both the public and private sectors. Whole industries faced upheavals, and many of our day-to-day interactions are now conducted virtually.

To ensure that no Malaysian is left behind to catch the wave of digitalisation, the time has come for the Government to lay the foundations for the country’s transformation towards an advanced digital economy. This foundation means building the infrastructure, facilitating innovation and creating an ecosystem for all of us to contribute to bring forth higher standards of living, the fruits of which will be enjoyed by all Malaysians.

What is MyDIGITAL?

16 January 2021

E-Wallet DuitNow QR is coming in a BIG way... What is that?

Too many e-wallets?
Too many bank accounts?
Why this merchant only accept Boost and not other? 
Aiyo... Too many apps inside my smartphone lah...
Got any way to consolidate all these e-wallets or banks when I want to transact?

This topic has been lingering around for more than 1 year since the emergence of DuitNow. To recap, 8 December 2018 marks another milestone in the financial industry in Malaysia with the launching of DuitNow money transfer service. (Read blogpost: A New Way of Transferring Money via DuitNow !!!)

Since then, the ideas of consolidating all the e-wallets + bank accounts has been mooted, so to eliminate the hassle of too many e-wallets & bank QR accounts just for the sake of paying/transacting.

Good news is here...

07 January 2021

COVID-19 Special Tax Relief for Individuals

Due to the pandemic crisis, the government has announced several measures to lessen the burden of people and this include some new personal tax reliefs, as well as increases in some existing ones.

Work from home (WFH) folks you've been spot on, and you must know this new tax relief category. Keep reading!!!

  1. Special Tax Relief (for YA2020 only)

06 January 2021

SC: Malaysia only has 3 Digital Asset Exchanges (DAX) currently

Following the coming into force of the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 on 15 January 2019, and the subsequent issuance of the revised Guidelines on Recognized Markets on 31 January 2019 to introduce new requirements for DAX operators, the SC has now registered three Recognized Market Operators (RMOs) to establish and operate digital asset exchanges in Malaysia.

Entities which have not been approved by the SC, including those which have previously been operating under the transitional period, are required to cease all activities immediately and return all monies and assets collected from investors.

These lists will regularly be updated and members of the public are encouraged to refer to these lists when dealing with digital asset exchanges.

(Updated list as of 1 June 2019)

Registered Recognized Market Operators - Digital Asset Exchanges