☕️ Warren Buffett's 3,000% gain on an EV maker (not Tesla)
Nazir Razak, former banker invested into a durian planter. Asia drug lord, world's most wanted man arrested. Elon Musk USD100 million donation to carbon capture tech.
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1. MARKET SUMMARY
2. NUMBERS AT A GLANCE
Over 200 vaccine candidates are in development but they might face challenge going into the market with Pfizer’s vaccine being widely accepted by countries around the world.
£21 million payday for the Beckhams from their sports and media business since 2019.
RM179,103 was paid for a rare Sarawak $1 note.
3. COVID-19 SUMMARY
*There was an error in the new deaths (of the world) on the 22 Jan 2021 issue, it was supposed to be 15.8k instead of 15.8mil. Sorry!
4. IN MALAYSIA 🇲🇾
Justice Mohd Nazlan Mohd Ghazali who prosecuted former PM DS Najib Razak, will be transferred to the High Court’s civil division effective March 1st 2021. His replacement for the DS Najib Razak and Tan Sri Dr Mohd Irwan Serigar Abdullah’s CBT case of RM6.6 billion is Datuk Muhammad Jamil Hussin.
Guess who freed former Sabah Chief Minister Tan Sri Musa Aman of 46 corruption and money laundering charges back in June 2020?
European Chamber of Commerce and Industry (Eurocham) circulated a memo to its members mentioned that in a meeting with Ministry of International Trade and Industry (MITI), the government will launch a strict lockdown after Feb 4 ‘21 if the infection rates did not decrease.
Ministry of Health has made a clear stance on this as 99 out of 300 clusters are related to the manufacturing sector. MoH believes this sector is the main source of infections. Eurocham subsequently issued a clarification letter, denying the possibility of a stricter lockdown.
Former chairman of CIMB Group Holdings Bhd, DS Nazir Razak shelled out RM18 million to invest in a durian planter, PLS Plantations Bhd via private share placement.
After Registrar of Societies (ROS) rejected Malaysian United Democratic Alliance’s (Muda) application as a political party, the party is now seeking High Court’s assistance to quash the home minister’s and RoS’ written January 6 decision to refuse to register Muda as a political party.
The Federal Territories minister, Tan Sri Annuar Musa clarified the situation about Thaipusam’s celebration, stating only the chariot carrying the statue of Lord Murugan is allowed travel to Batu Caves. No processions are allowed.
5. AROUND THE WORLD 🌎
As part of his philanthropic endeavour, in a single tweet, Elon Musk said he will give USD100 million to whoever creates the best carbon capture technology. Details will be released this week.
Covid-19 reaches Antarctica, the last continent hit by the pandemic. 36 people have been tested positive at a Chilean research station. Officials are investigating how the virus reached the base.
One of the world’s most wanted men has been arrested. Tse Chi Lop, the alleged leader of an Asian drug syndicate that dominates the USD70 billion-a-year Asia Pacific drug trade has been arrested in Amsterdam
President Biden painted a bleak picture on the US Covid-19 outbreak and warned that ‘there’s nothing we can do to change the trajectory of the pandemic in the next several months’ and deaths due to the virus is expected to exceed 600,000. The US surpassed 400,000 deaths last Tuesday.
ASOS, the online fashion giant, is reported to be the frontrunner to acquire Topshop, for more than GBP250 million (USD342 million). Topshop, part of British Tycoon Philip Green’s Arcadia fashion group, entered into administration late last year, amongst the largest corporate casualties in UK due to the pandemic. Other brands under the Arcadia group: Topman, Dorothy Perkins, Wallis, Miss Selfridge.
Hong Kong imposed its first ever lockdown in the neighbourhood of Jordan, affecting 10,000 people. Since the start of the year, Jordan has recorded 162 confirmed cases. Since the last 2 months, Hong Kong has been hit by a fourth wave of infections.
France is reported to enter an imminent 3rd lockdown ‘within days’ amid a new wave of infections driven by the UK variant. On Friday, France exceeded 3 million confirmed cases.
Warren Buffett’s investment in BYD, the Chinese electric vehicle maker, has made a return of 30x. It spent USD232 million in 2008 with a stake worth USD7 billion today. BYD has a market cap of USD95 billion. Its revenue in 2008 of RMB26 million has grown to RMB122 billion (USD19 billion) in 2020, with net income growing from RMB1 million to RMB1.6 billion (USD250 million) over the same period. Read here how Buffett got into this investment.
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