☕️ RM1.17 billion in dividends TopGlove's owner took home in just 2 quarters

Meet the other hip hop billionaire. Lamborghini's USD1.93 bil turnover and most profitable year ever. PatSnap - Singapore's latest USD1 bil unicorn.

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USD6.6 billion — net worth of Kanye West, more than half of it comes from his Yeezy brand.

RM1.99 billion of dividends — went into the pocket of eight of Malaysia’s top 10 richest tycoons. TopGlove boss, Lim Wee Chai took home RM1.17 bil in dividends in just 2 quarters.

30 IPOs — Securities Commission Malaysia (SC)’s healthy pipeline for the year 2021.

USD700 mil — Trump’s net worth fell from USD3 bil to USD2.3 bil since becoming president.



  1. National Covid-19 Immunisation Programme Coordinating Minister Khairy Jamaluddin today became the first recipient of the Sinovac Covid-19 vaccine in Malaysia. From the looks of it, the vaccine contains a language programme too (just kidding, otherwise we might be fined for fake news?)

    The government is also mulling a third dose of the Covid-19 vaccine as a booster should the pandemic become an endemic.

  2. Three of the biggest local telcos, namely Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd and Maxis Bhd have concluded a definitive agreement to jointly develop and share fibre infrastructure. The collaboration would allow for faster and more efficient deployment of fibre backhaul to base stations, avoiding duplicate of fibre infrastructure in the country.

  3. Retail investors loved penny stocks below 50 sen in the year 2020 according to Securities Commission Malaysia Annual Report 2020. 83% of retail volume in August least year was attributed to stocks priced at less than 50 sen. Last year indeed was the year of goreng, sort of like how Uncle Roger got famous — through nasi goreng.

  4. Local sports fans can finally rejoice as spectators will be allowed at sports event beginning April 1 2021, subject to adherence to SOP. However, the sports event can have no more than 2,000 spectators or 10% of the venue’s capacity, whichever lower.

  5. S&P Global Ratings may upgrade Malaysia's outlook from ‘negative’ to ‘stable’ over the next 24 months if the economy grows faster than anticipated through stronger fiscal performance. The rating agency expects the nation’s economy to grow by 7.5% for 2021.

  6. After appointing a new CEO a couple of days back, Berjaya Corporation Bhd has embarked on a partnership with London-based merchant bank and investment firm New World Capital Advisors Ltd to provide advisory services such as M&A and strategy and operations advice in Malaysia.


  1. A new unicorn emerged from Singapore. PatSnap, a R&D and IP intelligence platform for brands and enterprises has raised USD300 mil in its Series E round, led by Softbank Vision Fund 2 and Tencent Investment. Although its valuation was not disclosed, PatSnap’s founder, Jeffrey Tiong has confirmed that its valuation is above USD1 bil. PatSnap has over 10,000 customers including some notable ones like Tesla, PayPal, Dyson and Spotify in more than 50 countries and has a 700-person workforce spread over US, Europe, Canada, Japan and China. 

  2. European Medicines Agency, the European regulator has announced on Thursday that the AstraZeneca/Oxford vaccine is safe and effective, despite reports over cases of blood clots. More than a dozen countries have suspended the use of AstraZeneca’s vaccine. It found no issue with batch or quality issues, though it said it was unable to definitively rule out a link with the blood clot incidents. Around 30 blood clot cases were reported amongst 20 mil people that received AstraZeneca’s vaccine - that is 0.00015%

  3. After a 2-day meeting, the US Federal Reserve has announced that it will keep interest rate low and continuing its monthly purchase of USD120 bil of assets (USD80 bil treasury securities and USD40 bil mortgage-backed securities) ‘until substantial progress has been made toward the Committee’s maximum employment and price stability goals’. Inflation would need to steadily trend above 2% before it retracts its policy support. The money ‘printing’ and market distortion continues. Read the official statement here.

  4. Supercar brand Lamborghini’s CEO, Stephan Winkelmann, has expressed his surprise over the brand’s performance and most profitable year ever in 2020 despite the pandemic following the wildly successful Urus SUV and low-volume supercars that cost at least USD3 mil. Lamborghini, a unit of Volkswagen AG, delivered 7,430 cars in 2020, down from 8,250 in 2019.

    He declined to specify the exact operating margin but shared that Lamborghini recorded revenue of EUR1.61 bil (USD1.93 bil) in 2020, down 11% from 2019 with the Urus SUV accounting for 59% of its sales worldwide. The US remains its top market with 2,224 vehicles delivered, Germany in second place with 607 vehicles sold, and China in third place with 604 vehicles sold. 

  5. Russian President Putin retorted to President Biden’s remark that he agreed Putin is a ‘killer’ that it takes one to know one. A senior Russian lawmaker wants an apology from the US on this comment and Russia is recalling its ambassador to the US.

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