☕️ Japan's biggest stock market shareholder - its central bank

Former Federal Territories Minister found guilty for corruption. USD900bil 2nd stimulus approved for America. Fiat + Chrysler merger approved to form Stellantis, world's 4th largest automaker

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1. MARKET SUMMARY


2. NUMBERS AT A GLANCE

16,946 - number of active Covid-19 cases in Malaysia, all time high.

US$22.3 billion - the value of assets Royal Dutch Shell has wrote down for the year 2020.

23.05 million - the number of dosses of Covid-19 vaccine bought by New Zealand. Their population? Only 5 million. Prime Minister Jacinda Arden has announced that New Zealand will be offering its excess vaccines to neighbouring countries for free


3. COVID-19 SUMMARY


4. IN MALAYSIA

  1. After holding a wedding for his son in front of the Palace of Justice a day earlier, High Court Justice Mohamed Zaini Mazlan has sentenced DS Tengku Adnan Tengku Mansor to 12 months’ of jail and a fine of RM2 million. He will file an appeal according to his lawyer, Datuk Tan Hock Chuan as the fine of more than RM2,000 jeopardises Ku Nan’s chance to participate in the next GE.

  2. Two largest shareholders of Bintai Kinden Corp Bhd sold a total of 22.54% of shares on the same day before vaccine earnings kick in. Bintai’s principal of business is engineering and construction. Time to run?

  3. Condom manufacturer Karex Bhd said 35 of its employees have tested positive for Covid-19 virus. Can’t stay that safe anymore, can you?

  4. MCMC has announced 5 telcos will provide prepaid data pass which offers 15GB of data per month for RM20. The passes are only available to eligible SPM and STPM students from 6 Jan 2020 onwards, until they finished their exams by April 2021.

  5. Gamuda Bhd recorded net profit of RM109.28 million for Q1FY21 ended 31 Oct ‘20. The construction company expects FY21 results will mainly be contributed by overseas venture in Vietnam and Singapore and the continued progress of the MRT Putrajaya Line.

  6. Our national cyclists Azizulhasni Awang and Mohd Shah Firdaus Sahrom won big at the Australia National Track Championships bagging the 1st and 3rd place respectively. Kudos!


5. AROUND THE WORLD

  1. US Food & Drug Administration has approved the second Covid-19 vaccine by Moderna for emergency use. This approval will allow the federal government to distribute 5.9 million doses of Moderna’s vaccine across 64 states by next week, and together with Pfizer/BioNTech’s vaccine, to vaccinate 20 million Americans by year end.

  2. US Congress approved a second stimulus package of USD900 billion, which includes USD600 checks and USD300 weekly unemployment benefits for every American that earns less than USD75k a year. Despite this, the market fell with the new mutated strain of Covid-19 that is more contagious found in UK giving rise to renewed concerns for the economy. 

  3. Tokopedia, Indonesia’s largest e-commerce marketplace, is planning a dual listing in the US and Indonesia in 2021 (2nd US-Indonesian listing after PT Telekomunikasi Indonesia) and to raise USD1 billion at a USD10 billion market cap. Since its founding in 2009, Tokopedia has raised a total of USD2 billion from institutions like SoftBank, Alibaba and Singapore state investmentment firm, Temasek

  4. The central bank of Japan, Bank of Japan is now the largest stock owner of Japan stocks with holdings of JPY45.1 trillion (USD434 billion) after overtaking Government Pension Investment Fund, the world’s largest pension fund, with positions of JPY44.8 trillion (USD431 billion). These 2 public, non-profit driven entities have given rise to concerns over their influence and distortion of market prices. 

  5. After announcing their intention to merge in late 2019, Fiat Chrysler and Peugeot have obtained approval from the EU antitrust regulator to proceed. This merger would create the world’s 4th largest automaker and will be named Stellantis worth USD38 billion

    Stellantis will bring together brands such as Fiat, Jeep, Dodge, Maserati, Peugeot and Opel under a single umbrella with combined revenue of EUR170 billion (USD189 billion)

  6. WSJ has identified about 2 dozen organisations that were affected by the security hack at US government agencies last week through a compromised software update by the SolarWinds. Amongst them: Cisco Systems, Intel, Nvidia, Deloitte LLP and VMware.

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