☕️ Johnson & Johnson's promising Covid-19 vaccine
A completely no class and misbehaving 'Datuk' got arrested. Alibaba and Foxconn getting into the car business. Grab Financial is now worth USD3 billion.
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1. MARKET SUMMARY
2. NUMBERS AT A GLANCE
€2,800,000 - the price of the original cover of ‘The Blue Lotus’ Tintin comic book (1936).
158,000 Teslas will be recalled over a safety defect involving failing touchscreens.
69 Maybank branches will be temporarily closed due to MCO.
45,500 years old - the world’s oldest known animal cave painting in Indonesia, of a wild pig!
3. COVID-19 SUMMARY
Another new record high in Malaysia with 3,337 new Covid-19 cases. Please stay safe & take care.
4. IN MALAYSIA 🇲🇾
Macau scammers are getting creative, the latest tactic — duping victims into downloading an app and filling in their banking details to empty their accounts. Selangor Commercial Crimes Investigation Department (CCID) chief Asst Comm Muhammad Yazid Muhammad Yew is urging people to be careful. We’ve put together a little infographic for you to share!
Senior Minsiter DS Ismail Sabri has announced that public parks in states under MCO will be closed for recreational and sports activities. Minister had advised people to jog or cycle around their neighbourhood instead.
RM20 million financial package has been approved by the Penang State Executive Council to businesses, organisations and individuals affected by the pandemic.
JCY International Bhd, hard disk drive (HDD) components manufacturer said a major customer had decided to reduce and eventually stop purchases of the company's component products. HDD products are embarking upon a rationalisation of their supply chain. You might want to take note of a few other HDD components manufactures listed in KLCI — DUFU Technology Corp Bhd, Notion VTec Bhd, Eng Teknologi Holdings Bhd.
As part of its effort to take the plantation company FGV Holdings Bhd private, FELDA bought 22 million shares of FGV in the open market on Wednesday for RM28.38 million at RM1.29 per share, lower than the privatisation price of RM1.30.
Bank Negara Malaysia (BNM) issued waring letters fo nine entities for conducting illegal money services businesses between Sept to Nov 2019.
Samsung has just released their latest top of the range smartphone — the Galaxy S21 series. Pre-order in Malaysia is already available, with prices starting from RM3,699 for the base S21 model until RM5,899 for the top of the range S21 Ultra model.
A ‘Datuk’ had to learn the hard way after being caught by cops for assaulting a male and slapping a female patron at a hotpot restaurant in PJ. Just because having honorary title doesn’t mean you can be impolite in public spaces.
Netizens were having a field day again, rating the business owned by the Datuk with 1 star on Google Maps.
5. AROUND THE WORLD 🌎
Johnson & Johnson’s one-shot Covid-19 vaccine is showing promising signs in phase one and two of clinical trials which was tested on 805 volunteers according to the New England Journal of Medicine. The company is expected to release results of its 45,000 people, phase three trial later this month. J&J applied the same technologies it used to develop the Ebola vaccine.
Collaboration between tech giants and automotive giants are accelerating. Previously, Apple was reported to be working with Hyundai to build electric vehicles (EV). Now, Alibaba, the e-commerce giant, will be launching a wireless-charging sedan with SAIC Motor, China’s largest car company under the brand IM - ‘Intelligence in Motion’. At the same time, Foxconn, the Taiwanese iPhone assembler announced its joint venture with Zhenjiang Geely Holding (owner of Proton, Volvo) to form an auto company.
Who’s next? Google x Toyota? Amazon x Honda?
Grab Financial Group, the subsidiary of Grab, the ride-hailing and food-delivery company has raised more than USD300 million in Series A funding led by Korean firm, Hanwa Asset Management, valuing it at USD3 billion.
Deliveroo, the food delivery giant from the UK, is said to be heading for an IPO at a GBP10 billion (USD13.6 billion valuation). It’s backed by Amazon in 2019 with USD575 million funding.
Market cap of its listed rivals:
1) Just Eat - EUR15 billion (USD18.2 billion)
2) Delivery Hero (owner of foodpanda) - EUR26 billion (USD32 billion)
3) DoorDash - USD62.9 billion
A year after the pandemic broke out, the WHO has sent a team of experts to Wuhan to begin the investigation on the origins of the Covid-19 virus.
President Trump is now officially made history to be the first president to be impeached twice.
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