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MSWG AGMEGM Weekly Newsletter 15 May 2020 (English)

(Since the imposition of Movement Control Order (MCO) by Malaysian government beginning from 18 March 2020, public listed companies have postponed their general meetings while some have proceeded with virtual general meetings.)

15.05.2020

Is the stock market defying the COVID-19 gravity?

The current buying frenzy of stocks at a time when the world is still struggling to battle the COVID-19 pandemic is a little mind-boggling – or scary – to say the least.

The way corporate America is treating the COVID-19 economic devastation as a ‘non-event’ as evident by the upward spiralling of the benchmark Dow Jones Industrial Index (DJIA), the S&P 500 and NASDAQ Composite in recent times is nothing short of astonishing.

MSWG Weekly Newsletter 01 May 2020 (English)

01.05.2020

Don’t be overjoyed that IDSS remains suspended

Investors of speculative stocks can sigh relief now that the Securities Commission (SC) and Bursa Malaysia have extended the temporary suspension of short-selling by another two months to 30 June.

The temporary suspension of short selling remains a short-term measure to provide stability and confidence in the Malaysian capital market, according to the market regulators.

“The extension of the temporary suspension will ensure that market management measures are still in place, to manage risks within the prevailing uncertain and challenging environment amid Covid-19 pandemic, as well as to mitigate any excessive speculative activities in the marketplace,” the SC and Bursa Malaysia said in a joint statement on 28 April.

Recall that both market regulators had imposed a temporary suspension on intraday short-selling (IDSS), regulated short-selling (RSS) as well as intraday short-selling by proprietary day traders from 23 March to 30 April to mitigate heightened volatility and global uncertainties stemming from the COVID-19 pandemic.

MSWG Weekly Newsletter 24 April 2020 (English)

(Following the announcement made by Prime Minister, YAB Tan Sri Muhyiddin Mohd Yassin on 25 March 2020, and in relation to the extension of Movement Control Order to 12 May 2020 to contain the COVID-19 outbreak, public listed companies have postponed their general meetings with some proceeded to hold virtual general meetings.).

 

24.04.2020

PN17/GN3 relief measures; greater vigilance required from shareholders

MSWG Weekly Newsletter 17 April 2020 (English)

(Following the announcement made by Prime Minister, YAB Tan Sri Muhyiddin Mohd Yassin on 25 March 2020, and in relation to the extension of Movement Control Order to 28 April 2020 to contain the COVID-19 outbreak, public listed companies have postponed their general meetings to a later date. Hence, there will be no Weekly Watch featured on newsletter).

 

17.04.2020

The unintended impact of COVID-19

MSWG Weekly Newsletter 10 April 2020 (English)

(Following the announcement made by Prime Minister, YAB Tan Sri Muhyiddin Mohd Yassin on 25 March 2020, and in relation to the extension of Movement Control Order to 28 April 2020 to contain the COVID-19 outbreak, public listed companies have postponed their general meetings to a later date. Hence, there will be no Weekly Watch featured on newsletter).

 

10.04.2020

Beware of social media punting