☕️ 85% want Muhyiddin to step down according to IDE's survey
Research: Invermectin's efficacy and safety to treat Covid-19 doubtful. Tony Fernandes shed more light on AirAsia town hall incident. Former president Barack Obama now an owner of NBA's Africa league.
1. MARKET SUMMARY
2. NUMBERS AT A GLANCE
RM1.06 tril — Malaysia’s trade in the first half of 2021, an increase of 26% compared to the same period a year ago. According to the Ministry of International Trade and Industry (MITI), this was the highest ever half-year value recorded for trade, exports and imports.
Malaysia’s small and medium enterprises’ (SMEs) gross domestic product (GDP) in 2020 contracted by 7.3%, sharper than the decline in Malaysia’s GDP which shrank 5.6%.
85% want PM Tan Sri Muhyiddin Yassin to step down according to a survey (n=7,986) from Institut Darul Ehsan (IDE) conducted between July 11th to 18th, 2021.
3. COVID-19 SUMMARY
Based on newly published research on Ivermectin for preventing and treating COVID‐19, the researchers have concluded the reliable evidence available does not support the use of Ivermectin for treatment or prevention of COVID‐19 outside of well‐designed randomized trials.
The Institute of Medical Research (IMR) will present its findings on the use of different Covid-19 vaccine manufacturers for each dose and the recommendation for another booster dose of the Covid-19 vaccine, to the Special Committee on Ensuring Access to Covid-19 Supply (JKJAV) next week.
The United Kingdom will be donating 415,000 doses of the UK-manufactured Covid-19 AstraZeneca vaccines to Malaysia.
National Covid-19 Immunisation Programme (PICK) Coordinating Minister Khairy Jamaluddin said the government has begun negotiations with major vaccine manufacturers to secure supplies for 2022. He also mentioned Sinovac Covid-19 vaccine will remain as part of PICK’s vaccine portfolio.
All teachers will be vaccinated before school reopens on September 1, 2021.
Malaysia’s Covid-19 immunisation timeline by state — the country should be able to achieve full inoculation by October 2021.
OLYMPIC MEDAL TALLY 🥇
4. IN MALAYSIA 🇲🇾
MY’s Comedy Club Special took a breather yesterday as the focus was on getting the country out of the Covid-19 pandemic.
Sultan of Selangor, Sultan Sharafuddin Idris Shah has called on the Malaysian Anti-Corruption Commission (MACC) to continue investigations into alleged corruption by high-ranking state government officers. State awards conferred upon government officials or politicians who have been found guilty of corruption will be withdrawn.
This statement was made following the recent arrests of two district officers who held the post of municipal council presidents (YDPs) in Selangor and an undersecretary of a Selangor state government agency, were detained by MACC for receiving bribes from a project contractor and housing developer.
Yang di-Pertua Dewan Rakyat, Datuk Azhar Azizan Harun asked two parliament members to shut up when the MPs asked to extend yesterday’s parliament session, citing that he does not have the power to do so.
On Tuesday, Health Minister Datuk Seri Dr Adham Baba has assured no disciplinary actions will be taken against doctors who went to the strike on Monday under Hartal Doktor Kontrak protest.
A few doctors at the Malaysia Agro Exposition Park Serdang (MAEPS) treatment centre were questioned by cops until midnight of Tuesday night over the alleged intrusion by six journalists who wanted to cover the strike at the treatment centre. Selangor police chief Arjunaidi Mohamed the doctors were not giving their statements over the strike on Monday.
AirAsia Group boss Tan Sri Tony Fernandes has defended the airline against sexism allegations after the video of its Thailand chief executive officer (CEO) Tassapon Bijleveld dropping the f-bomb at a female colleague during a townhall went viral.
Tony said the video was edited and did not show the parts where he tried to calm Bijleveld down and subsequently, asked his staff to remove Bijleveld from the townhall.
Bursa Malaysia Bhd registered its best-ever six-month performance since its listing in 2005, recording a net profit of RM210.36 mil for the first half period ended June 30, 2021 (1HFY21) — thanks to higher operating revenue from the increase in trading volume in the equities market. The group declared an interim dividend of 24 sen per share, to be paid on Aug 27, 2021.
Bursa Malaysia CEO Datuk Muhammad Umar Swift mentioned that 147,091 new individual Central Depository System (CDS) accounts were opened in the same period, with 65% of them aged between 25 and 44.
JAKS Resources Bhd has succeeded in its appeal against the High Court decision requiring the company to pay damages to Star Media Group Bhd over the delay of the delivery of Tower A of the Pacific Star development project. The Court of Appeal decision effectively sets aside the High Court order that JAKS should pay Star Media a late payment Interest of RM50.54 mil.
5. AROUND THE WORLD 🌎
Taking a page out of Amazon’s playbook, Walmart will start selling its technology and software to boost its profits like what Amazon Web Services has done for Amazon. Small-and-medium-sized retailers can purchase this technology from Walmart to allow shoppers to buy items online and pick up the purchases at the store. The technology also allows these businesses to be able to add products to Walmart’s online marketplace. Walmart has partnered with Adobe to sell this technology through a subscription.
Just 7% of retailers had a “buy online pick up in-store” option as of January 2018. The pandemic accelerated the adoption to 22% of retailers as of last month. Apart from this specific technology, the total addressable market for content and commerce software as a service was worth around USD44 bil, presenting Walmart a new sizeable market to expand beyond its core business.
The quarterly performance for Apple and Alphabet is in.
Apple @ Q3 2021 ending June 30
Total revenue of USD81.4 bil up 36% YoY, USD21.7 bil net profit
iPhone sales contributed USD39.5 bil or 48.5% of its total revenue
Services contributed USD17.5 bil in revenue
Greater China posted USD14.76 bil in sales, up more than 50% YoY
Google @ Q2 2021 ending June 30
Total revenue of USD61.88 bil, USD18.53 bil net income
Ad business skyrocketed 69% YoY to USD57.1 bil
YouTube revenue shot up 84% YoY to USD7 bil. It has 2 bil monthly users and 2 bil hours watched daily
Google Cloud revenue of USD4.6 bil
Class, a virtual classroom whose entire existence is based on its integration exclusively with Zoom, announced it had raised USD105 mil in a round led by SoftBank’s Vision Fund II, valuing it at USD804 mil (next round a unicorn!). It uses management and instruction tools to bolster the video conferencing call experience. No performance metrics were disclosed apart from mentioning revenue grew 4x QoQ in 2021 - vague.
Interesting to see Class’ exit plans, apart from Zoom being an obvious and likely sole acquirer. Who would acquire a business that faces extremely high platform and dependency risk?
News in Brief:
Pfizer announced that it sold USD7.8 bil in Covid-19 vaccine shots in Q2 2021 and raised its 2021 forecast to USD33.5 bil from USD26 bil, with the raised sales forecast based on signed deals for 2.1 bil doses this year.
Just how profitable is this vaccine? High 20% range pretax profit. So, at the very least, if Pfizer hits its revised forecast, that’s USD6.7 bil in pretax profits from the sale of its Covid-19 vaccine.
Former President Barack Obama has become a strategic partner and minority shareholder in the National Basketball Association’s (NBA) Africa business, which oversees the Basketball Africa League (BAL). The inaugural season kicked off last May and the African business of NBA is valued at nearly USD1 bil. The league said Obama would use his stake in NBA Africa to fund the Obama Foundation youth and leadership programmes across Africa.
A little-known investment advisor, Edgewood Management, which oversees USD60 bil in assets, has more than quadrupled its money on Snap, Snapchat’s owner, likely reaping a gain of USD4 bil in a span of 16 months when it started scooping up shares of the social media company between Jan and Mar last year, as pandemic fears mounted.
6. FOR YOUR VIEWING PLEASURE 👁👁
LRT door suddenly opened mid-journey, thankfully no one was harmed. Rapid KL subsequently apologised.
This photograph of an erupting Volcán de Colima in Mexico won the 2017 National Geographic Travel Photographer of the Year contest.
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