Russia - Ukraine War: What does it mean to the Malaysian market?

Global financial markets, including FBMKLCI, tumbled last week after Russia launched a fullscale invasion of Ukraine. Russia, which has expressed its strong disagreement over Ukraine’s intention to join the North Atlantic Treaty Organisation (NATO), has warned the former founding member of the Soviet Union to renounce this ambition and accept its sovereignty over Crimea.

The million-dollar question now is whether this will evolve into a broader military conflict between nations or can be contained via tougher sanctions or resolved through Ukraine’s submission to Russian demands.

However, the Russia-Ukraine event has resulted in declines in US Treasury yields as investors dumped risk assets in favour of safe haven assets such as US Treasuries. At one time, the yield of the 10-year UST dopped circa 12bps to below 1.90%. Meanwhile, the crisis has also pushed the Brent crude oil to cross USD100/bbl for the first time since 2014.

What does it mean to the Malaysian market?

Digital Banking ~ Will Traditional Banks go away?

Accelerating the digital transformation for financial services, BNM said it will issue up to 5 Digital Banking Licenses in 1Q 2022.

In addition to enabling the innovative application of technology in the financial sector, digital banks are expected to offer products and services to address market gaps in the underserved and unserved segments. This includes promoting suitable and affordable financial solutions by leveraging the innovative application of technology.

According to BNM, it has received a total of 29 applications from a diverse range of parties, ranging from banks, industry conglomerates, technology firms, e-commerce operators, FinTech players, cooperatives, and state governments. 💢💢💢

Malaysia's market got potential meh?
Is it a very Profitable Business to venture into?

8 Steps to Create your BNM eCCRIS Account 100% Online!

Honestly, I always think and feel that Bank Negara Malaysia (BNM) is one of the most efficient government agencies that continue to embrace best practices and keep abreast in this digital era.

(Fuyoh! Will BNM present an appreciation award to me? 😂)

Coming back to the topic, BNM announced that effective 18 February 2022, Malaysian individual new users may now directly register for eCCRIS at eccris.bnm.gov.my.

NO physical presence is needed at Bank Negara Malaysia or Agensi Kaunseling dan Pengurusan Kredit’s (AKPK) premises for registration authentication. For sure, online registration is more convenient and safer for all of us.

Yes. It's 100% online! 😍

eCCRIS Online Registration Guide for New Individual Users
8 Steps to create your eCCRIS account online:

Farm Fresh IPO listing ~ Delicious or Not?

One of the most anticipated IPO listing on Bursa Malaysia this year, Farm Fresh has been in the spotlight again lately after announcing that it has signed an underwriting agreement in conjunction with its initial public offering (IPO) on the Main Market of Bursa Malaysia Securities.

CIMB IB is the sole principal adviser and a joint global coordinator, joint bookrunner, joint managing underwriter and joint underwriter of Farm Fresh’s IPO.

Maybank IB is a joint global coordinator, joint bookrunner, joint managing underwriter and joint underwriter. Meanwhile, Affin Hwang IB, AmInvestment, Hong Leong IB and RHB IB are joint underwriters of the IPO.

About Farm Fresh Bhd

An A.I. Driven Investing Platform ~ Kenanga Digital Investing (with Referral Code)

What is hindering you from investing? Maybe, the conventional way of investing is riddled with technicalities, exclusivity, hidden charges, and high fees, not to mention the long onboarding forms and lack of transparency. Is this your concern?

In fact, today, you no longer need to be a financial whiz to invest. What is the option available to you in this modern era? Answer: We can use technology to demystify conventional investing by having A.I. to take care of your investments round the clock, anytime, anywhere, even when you're sleeping.

Sure or not?
The word A.I. must be very expensive lol?

6 Sectors that will be Benefited from the Reopening of Malaysia’s Borders

International borders re-opening? Yup, this is what echoed by the National Recovery Council’s proposal to re-open Malaysia’s international borders as soon as 1st March, without the need for compulsory quarantines, and it looks like coming sooner than expected by all of us.

 

Anyway, this move is in line with that of many countries which have already adapted COVID-19 policies, to move towards a state of endemicity. Of course, the re-opening of borders will definitely help to lift market sentiment and be a significant milestone in the normalization process.

Which sectors will benefit from the reopening of Malaysia’s borders?

Hartalega's 3Q FY2022 Result ( with Good Dividend? )

Another quarter of declining revenue and profits for one of the world's largest glove makers - Hartalega Holdings Bhd. Anyway, wasn't it already expected by all of us? 🤣

For the quarter ended 31 December 2021 (Q3FY22), the Group registered a lower revenue of RM 1.01 billion, recording a decrease of RM 1.12 billion or 52.8% from the corresponding quarter in the preceding year (Q3FY21).

Profit before tax has decreased by RM 993.5 million or 73.8% to RM 352.4 million, as compared to RM 1.35 billion in Q3FY21.

What can we expect moving forward?