Most of the funds and professional money managers would have exposure to these stocks if they have the mandate to invest in technology or foreign stocks. The table shows the variance between the 52-week high of their respective share prices against the share price today. Whenever a company’s share price takes a hit, it is very important to ask oneself this question. Through his vehicle, Daily Journal Corp where he is the chairman, Munger has doubled his stake in Alibaba as the share price continues to skid. A long-term investment horizon would also help ease the decision-making process in buying beaten-down stocks.

PETALING JAYA: Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd, Maxis Bhd and U Mobile Sdn Bhd have submitted a proposal for the establishment of two Wholesale Networks (Dual Wholesale Networks or DWN), which will be developed and operated by two consortiums involving the government, Digital Nasional Bhd and mobile network operators (MNOs) who are ready to invest. “We see the DWN model as a feasible option that leverages MNOs capabilities, existing resources, including infrastructure, supply chain and the experience of thousands of Malaysian technical talents. “We are committed and we look forward to playing our part in realising the long-term sustainable benefits to the nation, a win-win solution for the government, rakyat and the industry. As the matter will be tabled to the cabinet, as announced by our Minister of Communications and Multimedia, we will respectfully wait for the decision from the government,” the telcos said. The telcos reiterated their full support towards the government’s agenda through the MyDigital initiative and the development of the digital economy in Malaysia where 5G networks are among the critical infrastructure.

Morgen says his priorities include finding buyers for the shipyards under MV Werften and the Global Dream vessel. He’s optimistic a deal will be struck before or by summer, when the shipyard in Wismar, Germany that’s building the mega Global Dream runs out of money. The fully financed plan detailed how MV Werften would pay all its creditors in the liquidation process, and the plan had been analysed by an independent auditor. “MV Werften planned to finish construction of the vessel, repay all debt, repay the state and have some equity value left,” said Morgen. Habeck said Monday that the government would be willing to subsidise the final construction of the Global Dream with a “new reliable investor”.

But far from enjoying a quiet retirement, the 74-year-old has built one of Singapore’s fastest-growing investment firms with plans to make it a global player. “My vision was Avanda should help Singapore and Asian investors invest globally and help global investors invest in Asia,” Ng said in his first-ever interview about the firm, where he is the executive chairman. Avanda is also bigger than any Singapore-based hedge fund; the largest one manages US$7.66 billion, according to With Intelligence data. Ng sees Avanda as an asset manager and not a hedge fund, partly because it’s a long-only investor. Its first fund, Avanda Global Multi-Asset Fund, backs a range of global public equities, bonds and currencies while others focus on Asian stocks, global fixed income and even private deals.

PUTRAJAYA: The Health Ministry will set up physical helpdesks in selected locations to help resolve technical issues involving the MySejahtera application, says Khairy Jamaluddin. The Health Minister said the first physical helpdesk will begin operating at the vaccination centre in World Trade Centre Kuala Lumpur this Saturday (Feb 19) and Ideal Convention Centre, Shah Alam on Feb 26. "Those who have problems with their vaccination certificates and others can visit the physical helpdesk to solve their problems. He said the ministry would expand the physical helpdesk facility to other states in the near future and the matter would be announced from time to time. In the meantime, Khairy said an announcement on the isolation protocol for close contacts will be made next week.

KUALA LUMPUR (Feb 17): India has initiated a probe into alleged subsidisation by Malaysia, Indonesia and Thailand on exports of a chemical — used in making personal care products such as shampoo, soap and detergents — which is impacting the domestic industry. It said VVF India Ltd has filed an application before the directorate alleging subsidisation of the alcohol from Indonesia, Malaysia and Thailand. The report added that the company has requested the initiation of an anti-subsidy probe for levy of countervailing duties on the imports from these countries. The company has alleged that producers and exporters of the product in these countries have benefited from subsidies provided by their respective governments at various levels. “In view of the above position, the authority hereby initiates an investigation into the alleged subsidisation and consequent material injury and threat of injury to the domestic industry,” it has said.

KUALA LUMPUR: Datasonic Group Bhd has secured a contract worth RM50.11mil from the Home Affairs Ministry for the supply of MyKad, MyTentera, MyPOCA raw cards and consumables to the National Registration Department. In a filing with Bursa Malaysia, Datasonic said its wholly owned subsidiary, Datasonic Technologies Sdn Bhd (DTSB) received the letter of award (LoA) from the Home Affairs Ministry. The contract is for a period of 12 months commencing from Feb 15, 2022, to Feb 14, 2023. Under the terms of the LOA, DTSB was required to furnish a performance bond for the amount of RM2.5mil to the ministry with a two-year validity period commencing from Feb 15, 2022. Datasonic expects the contract to contribute positively towards the future earnings and assets per share for the financial year ending March 31, 2022, and the financial year thereafter for the duration of the contract.

KUALA LUMPUR (Feb 16): Based on corporate announcements and news flow on Wednesday (Feb 16), companies that may be in focus on Thursday may include Sime Darby Bhd, Capital A Bhd, AirAsia X Bhd (AAX), Malaysian Genomics Resource Centre Bhd (MGRC), Mr DIY Group (M) Bhd, Heineken Malaysia Bhd, InNature Bhd, SAM Engineering & Equipment (M) Bhd, Kuala Lumpur Kepong Bhd (KLK), Gas Malaysia Bhd, Dagang NeXchange Bhd (DNeX), Sunzen Biotech Bhd, Scomi Group Bhd and Bintai Kinden Corp Bhd. AirAsia X Bhd’s (AAX) net loss narrowed to RM11.94 million for its second quarter ended Dec 31, 2021, from RM149.14 million in the immediate preceding quarter due to lower operating costs. Boosted by sharply higher palm oil prices, Kuala Lumpur Kepong Bhd’s (KLK) net profit jumped 67.69% to RM599.32 million for the first quarter ended Dec 31, 2021 from RM357.41 million a year earlier. Gas Malaysia Bhd has reported a 0.1% increase in net profit for the fourth quarter ended Dec 31, 2021 to RM69.29 million from RM69.23 million a year earlier. Bintai Kinden Corp Bhd has redesignated its deputy chief executive officer Noor Azri Azerai as the group’s executive director.

JOHOR BAHRU (Feb 16): The Supplementary Electoral Rolls for January 2022 (DPT BLN1/2022) is open for review for 30 days until March 17 after being certified and gazetted on Wednesday. "The DPT BLN1/2022 contains the names of 36,408 Malaysian citizens aged 18 years and above from Jan 1 to 31 2022 who are automatically registered as new voters. According to him, if they find their names not listed in the DPT BLN1/2022, they can fill out Form C online at the link https://myspr.spr.gov.my or go to the relevant State election office. “Forms C and D can also be downloaded from the State election office portal at the link http://ppn.spr.gov.my and must be submitted to the relevant state election director during office hours on any working day during the DPT BLN1/2022 review period. "For any inquiries on the DPT BLN1/2022 review, the public can browse the EC’s official portal at https://www.spr.gov.my or call the EC Hotline at 03-8892 7018 or any State election office," he said.

JaminKerja consists of three main components, namely JaminKerja Employment Incentive, Malaysia Shortterm Employment Programme (MySTEP) and Training and Skills Upgrading Programme. According to Tengku Zafrul, the government managed to generate almost 560,000 jobs last year, exceeding the initial target of 500,000 jobs. Among initiatives to be implemented are the "place and train" programme (training + job security), he said. Tengku Zafrul said JaminKerja also provided various training and skills upgrading programmes, including in collaboration with industry. Read also:Govt to focus on two main thrusts to support economic growthRM40 bil Semarak Niaga initiative ensures sustainability of business sector, says Tengku Zafrul

KUALA LUMPUR (Feb 16): Biotechnology company Moderna Inc is expanding its commercial network across Asia with the addition of four new subsidiaries in Malaysia, Taiwan, Singapore, and Hong Kong. The company said the Asia-Pacific region represents an integral part of Moderna's business, with established subsidiaries in Japan, South Korea, and Australia. Bancel said Asia bears the highest burden of infectious diseases, and the burden of non-communicable diseases is increasing as the population ages. He said regulators have approved Moderna's Covid-19 vaccine in more than 70 markets, including Canada, Japan, the European Union, the UK, and Israel. In 2021, 807 million doses of Moderna's Covid-19 vaccine were shipped globally, with approximately 25% of those doses shipped to low- and middle-income markets, he said.

With DRP, businesses can understand their digital risks, and better identify and anticipate threats targeting their digital assets. Cybersecurity firm Cybersecurity Ventures predicts that there will be a new attack every two seconds as ransomware perpetrators progressively refine their malware payloads and related extortion activities. Celcom has partnered with Telefónica Tech — world-renowned as a cybersecurity expert — to provide the right solutions to protect businesses from cyber threats. It has integrated Telefónica Tech’s three core digital services for major corporations — cloud services, cybersecurity and Internet of Things, or big data. For more information on how to get serious about cybersecurity for your business, call Celcom at (019) 601 1111, or visit https://business.celcom.com.my/cyber-security/cyber-threat.

PETALING JAYA: National squash legend Datuk Nicol David (pic) has received an honorary doctorate from Heriot-Watt University Malaysia. The former World No. 1 received the award for her contribution to sports and support towards the impact of education in empowering lives. Nicol shared the news on her social media pages on Sunday (Feb 13) morning. She said it was an honour to receive the award from Pro-Chancellor of the Heriot-Watt University Malaysia Tan Sri Dr Jemilah Mahmood and Provost and chief executive officer (CEO) of the university Prof Mushtak Al-Atabi.

KUALA LUMPUR: The Malaysian Medical Association (MMA) has welcomed the government's initiative to resolve the issue of contract doctors. The Health Ministry (MOH) recently announced that 8,000 permanent positions for health practitioners from 2022 until 2025 would be created to resolve the issue of contract doctors. "Previously, contract doctors could continue studies, but on their own, take exams and pay for themselves. Grade UD43 contract medical officer, Dr. Mohamad Faisal Mohammed Nasim said the announcement by MOH was in line with what they (contract doctors) had voiced out during the contract doctor's hartal last year. - BernamaArticle type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights

KUALA LUMPUR (Feb 13): Al Rajhi Bank Malaysia (ARBM) has announced the appointment of Ikram Khaliq as its head of digital bank. Ikram has over 16 years of international experience mentoring and building tech firms in the financial technology (fintech) and insurance technology (insuretech) industries, ARBM said in a statement. It will house ARBM’s digital bank team and several other divisions. The move follows the announcement in December last year that the Islamic bank will be launching its digital bank this year. “We aspire to set a new standard of excellence for Islamic banking in Malaysia through best-in-class digital banking propositions and channels to benefit ARBM’s individual and business customers,” he said.