☕️ TikTok's USD60 billion competitor - 'Fast Hands'

Rubber glove maker Hartalega's RM1 billion quarterly profit. Shell, the oil giant, acquiring EV charging network company. Bitcoin has 'utility' and 'intrinsic value' in emerging markets.

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US$33 million pay day in 2020 for Morgan Stanley CEO, James Gorman.

StashAway achieved US$1 billion in assets under management (AUM) within 3.5 years since inception.

38% of electricity generated in Europe in 2020 came from renewable sources, compared to 37% delivered by fossil fuels.

US$540 billion — increased of the combined wealth of the world's 10 richest men, sufficient to prevent the world from falling into poverty and pay vaccines for all according to Oxfam.


We’re seeing slight improvements in the country but we cannot be complacent, the war against Covid-19 is far from over. Let’s continue adhering to the SOP and go out only for necessities.


  1. The world’s largest nitrile glove manufacturer, Hartalega Holdings Bhd announced its best quarter earnings yet for 3QFY21 (Dec 31, 20) with a record net profit of RM1 billion, up 84% against the preceding quarter. The glove maker quipped the projected growth in demand will outstrip supply for the next few years.

    The shareholders can indeed be ‘relieved’ with this ‘asset’. If you know, you know.

  2. International Trade and Industry Minister DS Azmin Ali has considered a full economic lockdown but wants to explore other alternatives such as targeted testing and tighter SOPs. He mentioned there is no “on-ff” switch for the economy as it took three months for the economy to recover after the previous MCO in March ‘20.

  3. The 49-year-old Plaza Batai retail shop lots in Damansara Heights, KL will be demolished to make way for two blocks of 19 storey serviced apartment comprising of 152 units. The expected GDV for the project is RM230 million based on RM1,500 per sq ft for the service apartments.

  4. CGS-CIMB Research has upgraded the Malaysian semiconductor sector to “overweight” from “neutral”, following 5G network proliferation and increased in power management content in electric vehicles (EVs). The research house’s top picks are Inari Amertron Bhd and Malaysian Pacific Industries Bhd.


  1. Royal Dutch Shell, the fossil fuel giant, is acquiring ubitricity, UK’s largest electric vehicle charging network which has more than 2,700 on-street charge points. Shell did not disclose the acquisition price. 

    Its peer, BP acquired a similar company, Chargemaster, back in 2018 for GBP130 million

  2. New Zealand recorded its first imported Covid-19 case of the highly infectious South African variant in months, outside of quarantine facilities. The individual completed a two-week period of quarantine and was tested negative twice, and yet was subsequently tested positive. Australia immediately suspended its quarantine-free travel bubble with New Zealand in response to this case. 

  3. Huawei Technologies Co, the world’s No.2 smartphone maker,  is looking to exit the premium smartphone segment, with plans to sell its P and Mate brands. The shipments of Mate and P series were worth about USD39.7 billion between Q3 2019 and Q4 2020, according to research firm IDC. 

  4. Kuaishou, a rival to Bytedance’s TikTok and Douyin, is set to raise USD5 billion, the world’s largest IPO in more than a year after Saudi Aramco’s USD29.4 billion IPO in late 2019 (could have been Ant Financial). Kuaishou, which means ‘fast hands’ in Chinese is backed by Tencent

    Revenue in the first 9 months of the year hit RMB40.7 billion (USD6.3 billion), with losses swelling to RMB8.9 billion (USD1.38 billion) with 300 million daily active users (DAU). Kuaishou could be valued as high as USD60.9 billion upon listing. It was last valued at USD28.6 billion in a USD3 billion funding round led by a Tencent consortium last February. 

  5. Remember Warren Buffett’sUSD6 billion investment into 5 Japanese conglomerates back in August? It’s underperforming the broader market so far. Still too early to decide whether Buffett made the right call or otherwise. Perhaps, he should have considered investing into Malaysia’s big 4 rubber glove makers. 

  6. For most of us that live in countries where property rights are respected with proper legal framework to protect it, and with stable monetary systems, it’s hard to understand what purpose Bitcoin serves and that it lacks ‘utility’ or intrinsic value. But for most, or more than half of the world’s population that lives in repressive economics and lacking financial infrastructure, the value proposition of Bitcoin is straightforward for these people. - protecting their wealth. Read on here how Bitcoin is put into use in these countries.  

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