Friday, July 16, 2021

Support Call for Royal Commission on Healthcare !

Dangerous period of the pandemic: WHO warns over deathly Delta variant of the coronarirus

China's Success Cannot Be Copied and Pasted, China defeated Delta variant !

Time for New Ways

https://www.facebook.com/realchunwai/videos/2983923741845038/?sfnsn=wa

Tan Sri Ismail Merican was the former Director General of Health and President of the Malaysian Medical Council. He was among those who managed the SARS outbreak in 2002. Finally breaking his silence, he shares with us his thoughts on how the pandemic is being handled and real solutions to solve our current crisis.

Disclaimer: All opinions expressed are purely personal and do not reflect the views of any organisation.

In partnership with ANN.

#IsmailMerican #COVID19 #ChunWaiLive

Ex-health DG slams 'toothless tiger' Noor Hisham for not putting foot down in govt's virus handling

https://youtu.be/v_qF5i5Tesc

LETTER More than a year and a half after the first case of Covid-19 in Malaysia and with endless rounds of movement control order (MCO) of various forms plus multiple knee-jerk fire-fighting measures, it is clear that the Health Ministry is still struggling for a comprehensive solution.

The rakyat has faithfully delivered what was asked of them.

They have taken in stride, the toll, the pain and suffering of the hardship of the pandemic and its purported solution. Yet, we are constantly dismayed and disgusted to read and hear about how our politicians and leaders have failed to deliver their share of what is needed - stable leadership.

Instead, they seemed more engaged in their own political survival and happily dancing in and out of the country. They and their supporters display utter disregard for the rules and regulations which they themselves have set.

The national immunisation programme seems to be set with countless muddles, hurdles and supply issues and has not given the rakyat the assurance that the vaccine is indeed the silver bullet to end this misery.

The current industrial action (CodeBlack) by the junior doctors asking for a resolution to their contract problems with the MOH, signals the breaking of a healthcare system that was once proudly touted to be one of the best in the world.

It is clear that we have not learnt and have not taken action from all the many mistakes made in the past and present.

Instead, problems were swept aside and left unaddressed year after year from the overproduction of doctors to the long-standing issue of healthcare inequity.

We have become an example of how things could have been done in a better way.

Thus when put to the Covid-test, it cannot be denied that our healthcare system has failed, putting us now in the league of the worst-performing nations.

It is time again to support the call for a Royal Commission on Healthcare in Malaysia that was proposed in 2017 at the Tunku Abdul Rahman Putra Oration of the Academy of Medicine.

The oration has put on record the facts and figures (ironically sourced from MOH studies itself) to justify why only a royal commission was the way forward to seek holistic solutions for the future of Malaysian healthcare.

The advice seemed to have fallen on deaf ears.

Healthcare is a basic right of the rakyat. Having an equitable, effective and compassionate system is what is expected.

It must be the duty of the government to deliver this at all times especially so in a time of national calamity.

DR STEVEN KW CHOW

President

Federation of Private Medical Practitioners’ Associations Malaysia

The writer is president of the Federation of Private Medical Practitioners’ Associations Malaysia.

The views expressed here are those of the author/contributor and do not necessarily represent the views of Malaysiakini.

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Wednesday, July 14, 2021

Cute migrating wild elephant herd melts Chinese netizens’ hearts

Cute elephant herd! Turning on faucet and drinking water by turns, snoozing in the fields, the migrating parade of wild Asian elephants wandering for 15 months in Southwest China’s Yunnan Province has become new internet celebrities.

https://youtu.be/Vis_Em4vNAE

VIDEO: https://www.globaltimes.cn/page/202106/1226008.shtml

Cute migrating wild elephant herd melts Chinese netizens’ hearts. - Global Times https://www.globaltimes.cn/page/202106/1226008.shtml#.YO6yIyXt74M.twitter

Elephant herd new darling in China

A HERD of migrating elephants has stolen the limelight from the giant pandas which dominated the most popular position of China’s iconic animals for decades.

The wild Asian elephants’ “adventure” has captured not only domestic attention but that of global too for over a month and there is no sign of fading.

These mammals caught people’s attention after they were spotted roaming at residential areas in Yuxi city, Yunnan province, in late May.

Since then, their movements and daily activities have been the talk of the town, occupying a permanent slot on hot topics chart across social media platforms and gaining millions of followers.

Thousands of articles on the herd bathing in the rivers, feeding on crops in farms, playing in the mud and visiting people’s homes were widely reported.

The act of a baby elephant refusing to take an afternoon nap and kept disturbing its mother that was asleep, the sight of a male adult stopping a fight between two female elephants and the herd huddled together for warmth during thunderstorms melted the hearts of many Internet users.

Making their way through forests and suburban zones, the elephants have marched over 700km up north from their home at Xishuangbanna National Nature Reserve and their destination remained unknown, as of now.

Asian elephants, found mainly in Yunnan, have a small population of around 300 in China.

They move in family units, led by a matriarch.

This north-bound group is identified as the “Short Nose Family”.

The name was given as one of the females has a shorter nose following an injury, according to a special report on China Central Television.

The family of 16 embarked on a “long holiday” in March last year.

They took “a slow” walk and spent nine months to reach Mojiang of Pu’er city, where they welcomed a new member following the birth of a baby elephant.

After a short rest, they moved on again and entered Yuanjiang county of Yuxi city on April 16.

The herd came across a winery and just like some humans, elephants could not resist drinking.

Two of them ended up “drunk” and could not keep up with the others.

Left with no other options, they returned to their original habitat in Mojiang.

The remaining 15 elephants continued to trek up north.

Their journey came to light after news of them entering the residential zones was highlighted by the local media.

On May 27, the herd caught the residents by surprise when they suddenly appeared in a neighbourhood of Eshan county.

A businessman, identified only as Jia, said he saw the elephants from the windows of his tyre shop.

“It was around 10pm, I heard noises on the street and looked out – wow, elephants!” he told the Global Times while sharing the extremely rare experience.

After leaving the town, they carried on the journey and arrived at the provincial capital of Kunming on June 2.

Four days later, a male elephant left the herd and began to wander around the cities alone.

He was captured and sent back to its original habitat in Xishuangbanna Dai autonomous prefecture last Wednesday.

After spending some 10 days in Kunming, the remaining 14 elephants entered Yuxi again and has been moving back and forth within the forest areas.

Drones have been used to monitor the herd’s movement round the clock.

Last week, the local government dispersed over 280 wild mushroom pickers from the forest to avoid the herd, which was heading towards their direction.

Just as all eyes were on the northbound elephants, it was reported that another herd of 17 has made its way to the Xishuangbanna Tropical Botanical Garden of the Chinese Academy of Science in May.

The mammals left the nature reserve and headed some 100km down south.

Their route ahead was blocked by a river, in which a calf had difficulty crossing the rapid water.

So, the herd moved into the nearby garden and stayed on since May 24.

It is unusual for elephants to leave their habitat.

Experts attributed the elephants’ movement to shrinking habitat and food sources as a result of overpopulation.

Due to a series of wildlife protection measures, the number of wild elephants in Xishuangbanna National Nature Reserve has double-up over the past four decades.

Human activities and climate change were said to be among other reasons.

In general, the experts believed the elephants are in search for new homes. The elephant fever has raised awareness on wildlife and nature protection among the people, who called for more actions to be given to ensure sufficient habitats and a healthy ecosystem for these animals.

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Beh Yuen Hui

Wild elephants' long march captivates an entire nation

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Tuesday, July 13, 2021

Think forward, walk backwards

https://youtu.be/rMxGVVBUSIc

Walking Backward: Benefits for Mind and Body - Healthline

Several studies also show that walking backwards can boost memory power

Walking in reverse is less stressful on the joints and can add bouts of increased intensity, similar to a brisk walk or an easy run.

LAST month, I wrote about how it is not strictly necessary to walk 10,000 steps a day for better health (Walking 10,000 steps a day, Two Fit, StarHealth, June 13).

Due the way our human brains are wired, we all assume walking always refers to forward motion.

Today, on a reader’s request, I’m going to discuss the effects of walking backwards, also known as retro walking or reverse walking.

Walking as a physical exercise has plenty of benefits: it’s easily accessible (though not in all areas, such as those under the enhanced movement control order), doesn’t require registration fees, and can be done any time at your convenience, indoors or outdoors.

However, walking in reverse makes the heart pump faster and circulates more blood and oxygen to the muscles and organs, including the brain.

Because it places a greater challenge on your body, walking backwards gives you a better cardiovascular workout, and perhaps, faster weight loss if that’s what you’re aiming for, compared to walking forward.

Apparently, 100 steps of backward walking is equivalent to roughly 1,000 steps of conventional walking, which explains why you can burn calories quicker.

Walking backwards also heightens your sense of balance and hearing, as you cannot depend on vision alone to steer you.

It’s great for people involved in a sport where they need to change directions rapidly or run backwards.

If you notice footballers in training, their coaches will include drills that include backward running and jumping.

Backward walking training is becoming a popular treatment method for people with musculoskeletal disorders, Parkinson’s disease, multiple sclerosis and cerebral palsy, as well as post-stroke patients.

Brain and pain

Basically, walking backwards helps fire up the neuromuscular pathways that tend to get sluggish as we age.

One way to keep these neural circuits active is to exercise and slow down the natural rate of their degeneration.

Tests with backward-forward walking are also used for diagnostic purposes as these tests show how well our brain and body can coordinate our balance and mobility.

In addition, geriatricians might use walking backwards as a diagnostic tool to predict the likelihood of a fall in elderly people and patients with dizziness.

By regularly walking backwards, you are exercising the same neuromuscular circuits that these doctors are checking with this test.

Ageing brings about a lot of challenges, especially to our natural ability to “automatically” do things.

You may have noticed older people appearing to concentrate as they lift their feet to walk; this is because it is more difficult for them to “walk without thinking”.

This happens to the best of us when we lose the automaticity of walking.

For those experiencing lower back and knee pain, backward walking is a good alternative as the motion places less strain on the knees.

It may be useful for anyone experiencing pain going up and down stairs, or doing lunges or squats.

Hikers can also give their overused muscles a break by trying something different.

According to a 2019 study published in the journal BMC Musculoskeletal Disorders, a six-week retro walking programme resulted in greater reduction in pain and functional disability, and improved quadriceps muscle strength and performance in individuals with knee osteoarthritis, when compared to the forward walking or control groups in the study.

The subjects completed 10 minutes of supervised retro or forward walking training, in addition to usual care, three days a week for six weeks.

In another study published in the Journal of Biomechanics ,itwas also found that reverse or backward running reduced anterior knee pain.

From heel to toe

During a forward walk, most people will begin with the heel first gait as it is more efficient in transferring stored energy into motion so that our muscles don’t have to do as much work.

With each step, some energy of motion is lost when your feet hit the ground.

When you walk on the balls of your feet, you lose more energy due to these “collision forces” than you do if you walk heel first.

On the other hand, toe-walking, often used by ballerinas, requires activation of certain calf muscles that don’t need to be used in heel first walking, as your weight is directly supported by your heel.

In backwards walking, the toes have to contact the ground first and the heel is lifted off the ground last.

So, even if you have long legs, your strides can’t be too long unless you’re accentuating the movement.

If you’re an early riser (unlike me), you might be able to catch some backward walkers in action at our public parks.

They usually belong to tai chi groups, and while they walk, they will clap their hands as traditional Chinese medicine practitioners believe the palms have many acupressure points that can be stimulated via clapping.

Improved memory

Several studies also show that walking backwards can boost memory power and take you “back” in time.

In 2019, psychologist Dr Aleksandar Aksentijevic at the University of Roehampton, United Kingdom, and colleagues published a study called It Takes Me Back: The Mnemonic Time-Travel Effect in the Cognition journal.

They asked 114 volunteers to watch a video in which a woman has her bag stolen by a passer-by.

Ten minutes after watching the video, the participants were split into groups: one was told to walk forward 10m and another backwards 10m, while those in the control group stood in one place.

They were then asked 20 questions about the events in the video.

It was found that the backwards walking group got two more answers correct on average than the forward-walkers and the non-walkers.

The researchers also did another variation of the experiment, which tested several groups on how many words the volunteers could remember from a list.

One group walked backwards, while other participants simply imagined moving forward or backwards, or watched a video filmed on a train, which created the impression of moving forward or backwards.

In all scenarios, the backwards group or those who imagined walking backwards got the most answers right.

You don’t need to spend a whole lot of time walking backwards to reap its benefits. Just slot it in as a one-minute interval during your regular workout.

Check that the area behind you is clear so that you can walk confidently without bumping into anything.

Or find a partner so that he or she can keep an eye out for potholes and uneven surfaces, as our public roads and parks are full of them.

Better yet, grab a stick and have your friend lead you.

As muscles work in pairs and walking backwards recruits a new pair, you’ll inevitably feel some initial adjustments.

An added bonus is that your posture also improves while walking backwards as you tend to stand taller – it’s practically impossible to slouch while in reverse gear!

Combine both types of walking and add in some lateral walking as well to give all your muscles a workout.

As you get stronger and more confident, try walking backwards on an incline.

Having balanced muscles goes a long way towards reducing joint pain.

Revathi Murugappan is a certified fitness trainer who tries to battle gravity and continues to dance to express herself artistically and nourish her soul. For more information, email starhealth@thestar.com. my. The information contained in this column is for general educational purposes only. Neither The Star nor the author gives any warranty on accuracy, completeness, functionality, usefulness or other assurances as to such information. The Star and the author disclaim all responsibility for any losses, damage to property or personal injury suffered directly or indirectly from reliance on such information.

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Second chance at life after stroke

Stroke survivor Betty Ng (centre) being her usual active self at the Walk for Health event before the pandemic. Photo: Nasam https:/...

Monday, July 12, 2021

Second chance at life after stroke

https://youtu.be/-Gv278vvA-A

Stroke survivor Betty Ng (centre) being her usual active self at the Walk for Health event before the pandemic. Photo: Nasam

Retiree Betty Ng, who turned 70 in June, has been a stroke survivor for seven years. On her birthday, she started a campaign to raise funds for the National Stroke Association of Malaysia (Nasam).

“It was at Nasam that I recovered from my stroke as I went through physiotherapy and rehabilitation. It was also here that I got my second chance in life and met new friends which made me happy just to be alive,” says Ng

But, for the past one year, the pandemic has somewhat impacted activities at the centre. Although Nasam is still open for one-on-one therapy, there are no in-person group therapy activities and social events which are a major part of a stroke survivor's recovery process, she says.

“Stroke rehabilitation can take a heavy toll physically and emotional on a stroke survivor and their family members. But Nasam has always been a safe space where they can go to for recovery, meet other survivors and be motivated to embrace life after stroke,” she says.

This is why Ng wants to help raise funds for Nasam, an NGO that relies largely on donations from the public to stay afloat during the difficult pandemic time.

Betty Ng excitedly checking up on her SimplyGiving fundraising site. Photo: NASAM

“As an NGO, Nasam relies largely on public donations from members of the public – both corporations and individuals - in order to survive. So I hope that my initiative will help Nasam stay afloat during this time so that they can continue to serve the stroke community, ” says Ng.

The determined Ng, who suffered from a stroke in 2014 during surgery to remove a benign brain tumour, adds that she wants to be a motivator for all who have been stricken with stroke, because as a survivor herself, she understands what they’re going through.

After she had her stroke seven years ago, she could not stand, nor use her left hand or leg.

“I had problems eating, suffered from a slight speech impairment, couldn’t recall words and had difficulty completing sentences. I had to be bathed, dressed, and fed, and even to wear diapers,” she recounts.

“I felt really miserable because I couldn’t help myself. I wasn’t used to being dependent on anyone,” she says.

Ng was in hospital for six weeks and after she was discharged, she could walk with the aid of a quadripod walking stick, and was cared for by her daughter.

Determined to get back to normalcy quickly, Ng started exercising to strengthen her left arm and leg, and improve her speech.

“I pushed myself to the maximum as I was impatient to get back to as normal a life as possible,” she says.

Ng’s daughter would prepare her food and then go to work, but be back to help with Ng’s exercises in the evening.

“I was on my own the whole day, and would spend the time exercising, doing puzzles such as crosswords, and colouring to stimulate my brain.

“In the evenings, I would do my exercises – under the supervision of my daughter - which included walking up and down the stairs and to-and-fro without the walking stick,” says Ng.

Ng started rehabilitation daily at Nasam in Dec 2014, in addition to her rehabilitation at the hospital.

 Fourteen months after her stroke (in Aug 2015), she was certified fit to drive.

“I was thrilled because it gave me so much more independence. The following year, my daughter bought me a car and nothing stops me now ... except the MCO,” she says.

But, since the pandemic, Ng’s group rehabilitation sessions at the centre have come to a halt.

“The MCO has made things difficult because I’m not able to move around freely and frequently," she says.

  Before the first MCO last year, Ng used to spend a lot of time at Nasam and says it was “like a second home” for her and other stroke survivors.

Betty Ng (in orange) at The Stroke Games before the pandemic. Photo: NASAM

“I would bring my 90-year-old mother and also sisters along for the social gatherings and outings organised by Nasam. It gave us the opportunity to bond and have fun together as a family,” she says.

Ng says that Nasam has helped her grow her confidence and self-esteem.

“I’ve been given the opportunity to reach out to other stroke survivors and their families and I’m grateful for the chance to help others,” says Ng who now is a Nasam ambassador and also on its mentor-mentee programme.

As an ambassador, she helps create awareness through speaking at public forums about stroke and the challenges to recovery. For the mentor-mentee programme, she counsels and motivates stroke survivors who are going through difficulties.

Betty is now a Nasam ambassador and also on its mentor-mentee programme. Photo: NASAM

“I do this alongside Nasam’s founder and chairman Janet Yeo, who created and manages the platform,” she adds.

“Nasam has shown us that there is life after stroke by challenging stroke survivors to achieve a greater recovery by giving us so many wonderful experiences and opportunities like The Stroke Games, as well as social integration and empowerment to return to the community or back to work,” says Ng.

  “I started the fundraising campaign, which will run until Jul 17, because Nasam is like family to me. I want to help stroke survivors and see them able to lead a better life,” she concludes.

For more info, visit: SimplyGiving: There is life after stroke

Throughout the pandemic, the National Stroke Association of Malaysia (Nasam) remains open to serve stroke survivors and their families, who may need help with rehabilitation and support.

“Although we can’t conduct group therapy sessions nor have social activities – which are a very effective means of rehabilitation and psycho-social support for stroke survivors – during this time, one-on-one therapy sessions are still ongoing, ” says Nasam communications coordinator Vanaja Dhanan.

“Our group therapy sessions are now available on Zoom, ” she adds.

Creating public awareness

To motivate stroke survivors, Nasam also organises an annual Walk For Health event. Photo: Nasam

Nasam’s public awareness activities such as forums on stroke prevention and awareness, educational talks, and other such events, have also been shifted online during the pandemic.

“But even though we can do this through Zoom and other online platforms, there are certain segments of the community who have no access to online facilities, ” says Vanaja.

She adds that there has also been a decrease in participation in group therapy sessions as many stroke survivors can’t access the Internet because they don’t have device nor the support to do so.

“They may not have family members who are able to support them to get online at home. Some are also unable to follow these online sessions as they’re unable to process the information after their stroke, ” she explains.

And, although Nasam is open for face-to-face support during the various MCOs, following strict Health Ministry guidelines, there is still a lot of fear among the people to come out and seek support, she says.

“This too has impacted the recovery of stroke survivors, especially those with visual, spatial and cognitive issues, ” says Vanaja.

The rehabilitation of the stroke victims also centres around social outings and gatherings at Nasam, and these are also affected by the pandemic.

Nasam’s annual events such as The Stroke Games, Walk For Health and Food & Fun Fair, have all come to a halt during the pandemic.

Embracing the new normal

Nasam founder and chairperson Janet Yeo started Nasam in 1996 while she was recovering from a stroke. PhotoNasam>>:

During the various MCOs and lockdown, Nasam offers Telerehab via Zoom and WhatsApp both for group and one-on-one sessions, to support stroke patients going through rehabilitation. They also offer fun, recreational activities online such as cooking, crafting, karaoke and others.

There is also a Stroke Mentoring Facebook group, which is managed by Nasam founder and chairperson Janet Yeo who formed the association in 1996, when she herself was recovering from a stroke.

The mentoring group is supported by both Yeo and other stroke survivors who are able to counsel and help survivors going through difficulties because they themselves have gone through it before and understand what it involves.

Prevention is better than cure

Yeo highlights that that it’s very important for individuals in the high-risk group – smokers and those with conditions such as high blood pressure, cholesterol and diabetes – to lead a healthy lifestyle.

“There needs to be a balance between work and leisure. For those who are working from home, be sure to set clear boundaries – a time when you’re available for work and a time when it’s your free time,” she says.

“It’s also important to stay physically active and exercise regularly. Take your medications and go for your medical check-up as scheduled,” she adds.

“Stay physically and mentally active. And, most of all - seek help if you need it. Don’t go through it alone,” says Yeo.

 Caregiving for a stroke survivor is no easy task and caregivers may often feel discouraged and alone. To help them, Nasam also has a Caregiver Support Group.

“Carers who are going through difficulties can be connected to a fellow caregiver or even a stroke survivor who is recovering well and able to help the family move ahead,” she says.

As an essential service, Nasam centres continue to operate throughout the pandemic, offering rehabilitation and therapy from Monday to Friday, 9am to 5pm. Stroke survivors or their family members can also call the Nasam Helpline at 018-222 1878 for support or help.

For more info, visit:nasam.org/

NASAM

goSMAC Sdn BhdHealth & Fitness

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Why should investors get out of the stock market?

3 influential factors that can make or break your stock market investment

My sole intention for writing this piece is to prevent investors from losing more money in the stock market.

Allow me to tell you briefly my back ground so that you can accept my advice to ask you to cash out from the stock market.

Dato Yap Lim Sen, my collegemate and I were the original founders of Mudajaya, Gamuda, IJM, IGB, Rubberex, MBM Resources, major controlling shareholder of Perodua Cars.

I have been investing in the stock market for more than 50 years. This is the first time I have practically sold all my stocks holdings and cashed out.

When you buy a stock, you hope to gain from share price increase and also dividend yield. In Malaysia all listed companies give out very small dividend. On record, Public Bank gives out the best dividend yield of about 5% per year. So, unless the stock price goes up, investors cannot make money.

What pushes the share up?

Among all the stock selection criteria such as account balance sheet, cash flow, NTA, no debt or cash rich etc, profit growth prospect is the most powerful catalyst to push up share price. Never buy any stock that has no profit growth prospect.

Why investors must believe in price chart?

Price chart cannot lie because it is a record of the daily trading. Down trend means there are more sellers than buyers in most days. Never buy a down trending stock.

A stock price can only go up if the company has reported increased profit. But if it reports reduced profit, its share price would drop because there would be more smart sellers than stupid buyers.

In the last 6 months, almost all the listed share prices have been dropping as shown on the KLCI Chart below. Why?

There are 2 main reasons for the listed companies’ share prices to drop.

1 Covid 19 pandemic

Covid 19 pandemic frequent lockdown restricts people’s movement and all listed companies’ business operation. Workers cannot go to work and business activities are reduced. As a result, almost all listed companies cannot report increased profit in the next few quarters until Covid 19 pandemic is fully under control. Many medical experts predicted that the pandemic will not be under control for at least 1 or more years. That simply means our stock market will be depressed for at least 1 or more years. The above KLCI chart shows that it has been dropping for the last 6 months and it will continue to drop for another 1 or more years.

2 Political Uncertainty

Investors do not like political uncertainty. In the last general election about 2 years ago, Pakatan Harapan won the right to form the Government and Dr Mahathir became the Prime Minister. Within a couple of months, he resigned suddenly and Muhyiddin became the PM by the back door. Currently he is seriously terminally ill with cancer in KL Hospital. Apparently, he has pancreatic cancer.

Who will be the next PM?

As you know, Politicians make rules and regulations which often affect business operation and their balance sheets which is creating more difficulties in making investment decisions.

That is why many investors especially foreign institutional investors are constant net sellers and some of them have already left the stock market.

Yesterday I posted my article namely “A safe strategy during the pandemic” in which I said the Covid 19 pandemic lockdown is affecting everybody’s movement. Workers cannot to go to work and all business operation will naturally slow down. Almost all the listed companies will not be able to report increased profit in the next few quarters until the Covid 19 pandemic is fully under control which will take at least 1 or more years.

For example:

All the steel products manufacturers have reported increased profit in their latest quarter due to the steel price increase. Currently, due to Covid 19 pandemic lockdown, workers cannot go to work to make steel products and construction workers also cannot go to work. Contractors will not require to buy steel products. As a result, all the steel products makers will report reduced profit in the next few quarters. Many smart investors already could foresee this situation. That is why Leon Fuat, the most profitable steel company price chart is showing down trend as you can see below.

Leon Fuat’s last traded price is 99 sen and its latest EPS for quarter ending March 2021 was 11.65 sen. Even if I assume its EPS for the next 3 quarters is the same as 11.65 sen, its annual EPS will be 46.6 sen. Leon Fuat is selling at PE 2.

Other Industries also suffer the same fate

In fact, almost all other industries also suffer the same fate as steel companies. For example, Supermax and Top Glove have to close down a few times because the government authorities found Covid 19 cases in their factories.

Supermax price chart below:

Investors must always remember price chart is the more important investment consideration than financial analysis. Down trend price chart means there are more smart sellers than stupid buyers.

Statistics shows that in the stock market, there are about 70 % of investors lose money, 10% of investors break even and only 20% of investors are real winners. But under the current condition all investors including myself are losing money.

All investors must examine their track record to their performance. Even if they have been winners, they should sell all their holdings as soon as possible before they lose more money and get out of the stock market completely.

My mistake

I must admit my mistake in recommending Leon Fuat recently because I did not foresee earlier how Covid 19 lockdown and our political uncertainty can cause serious damage to the stock prices. That is why I sold practically all my stock holdings and cashed out of the stock market.

A best strategy during the pandemic for all investors is to cash out because all listed companies will not be able to report increased profit in the next quarters..

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Saturday, July 10, 2021

Malaysia Is Staggering Down the Road to Failed Statehood?

The country used to punch above its weight on the global stage. Now, white flags seem like a surrender to dysfunction.

Tilda Kalaivani waves a shirt as a white flag from her apartment balcony in Kuala Lumpur.

A white flag hung outside a house in Malaysia — Photographer: Mohd Rasfan/AFP/Getty

What started as a cry for help by Malaysians during rolling lockdowns and galloping Covid-19 infections has come to epitomize the descent of their once-proud nation. The Southeast Asian country lost its status as a role model for the developing world some time ago. Now, it may be relegated to the lane of also-rans that shone during the heyday of globalization but failed to capitalize on a strong start.

Malaysians in distress have taken to waving the white flag from windows and driveways. At the most basic level, it’s surrender and a plea for assistance: food, a bit of cash to help pay the rent. Thanks to social media, the banners have taken on an emblematic life of their own. Not quite a movement; people have no hope, and not much desire, to overthrow the government, and it isn’t clear these days that there’s one to topple. It’s more of a shorthand for discontent at the atrophying state and troubled economy.

The country’s prime ministers were once given grudging credit for stable leadership, albeit with authoritarian traits. However, lawmakers have proven breathtakingly unable to coalesce around a figure or program to guide Malaysia through this plight. The nation is beset by multiple crises — social, economic and political — fed and worsened by each other. It may only be a slight exaggeration to invoke the dreaded label of a failed state.

Civic life is suffering from numerous misadventures. The latest twist in a saga that’s been running since at least early 2020 came in the small hours of Thursday. The United Malays National Organization, the party that led Malaysia from independence until losing power in 2018 in the aftermath of the 1Malaysia Development Bhd. scandal, declared it will leave the ramshackle coalition presided over by Prime Minister Muhyiddin Yassin and urged him to quit. That may not be the end of the machinations; UMNO itself is split between a group that wants to reclaim its dominant position and lawmakers willing to keep nice cabinet posts that Muhyiddin has given them.

There isn’t an easy way out of this mess. Malaysia’s travails go beyond any one person. No prospective leader appears to have sufficient support in parliament, let alone a mandate from the population of 32 million, to replace the weak prime minister and provide stable administration. An election is supposed to be held once the pandemic subsides, a determination that’s hard to quantify. The monarchy, rotated among hereditary sultans of nine states, is being forced to leave the ceremonial shadows to referee, something that the royal households appear less than comfortable doing.

So, the surrender flag captures the end of a strutting, can-do mentality, or “boleh.” Citizens are stepping in where authorities have failed as the pandemic has delivered seemingly endless misery. Southeast Asia has been rocked by the delta variant. On Thursday, Malaysia added almost 9,000 Covid cases. Only a bit more than 8% of Malaysians have received both vaccine shots, as of Monday. Some of the strictest lockdowns have been in Kuala Lumpur and the nearby commercial powerhouse of Selangor state, and taken a toll. At their worst, factories have been shut, public transportation has run on a skeleton schedule, and the military has manned road blocks.Some measures have been eased, but large parts of the country remain shuttered.

Asia, writ large, is in the midst of a strong economic upswing. However, that recovery has yet to fully visit Southeast Asia, a region of more than 650 million people. In its last World Economic Outlook, the International Monetary Fund forecast growth in Malaysia of 6.5% this year. Gross domestic product plummeted by more than 5% in 2020, the worst performance since the Asian financial crisis in 1998. To meet such a bullish projection or even get close to it, the second half of 2021 needs to be stellar. Further interest rate cuts and fiscal outlays are almost assured. But whatever the numbers say, many Malaysians aren’t close to feeling the benefit. Even rubber glove makers are worried; they appealed to authorities this week to lower Covid restrictions and let them continue to produce.

The last decades of the 20th century offered a different route. During Mahathir Mohamad’s premiership from 1981 to 2003, Malaysia was an emerging-market icon. The country grew rapidly with relatively low inflation and stable budgets. Mahathir loved to poke at the West, but he opened markets and privatized state companies. He resisted aid from the IMF and challenged orthodoxy by imposing capital controls and fixing the exchange rate during the Asian crisis. Contrary to predictions that the efforts would fail, they shored up Malaysia.

But it started to go wrong. Boondoggles like an ostentatious new airport and the soaring twin towers funded by state oil giant Petronas suggested waste. One of Mahathir’s successors, Najib Razak, bungled the disappearance of Malaysia Airlines Flight 370 in front of the world’s cameras. Najib led UMNO to defeat in 2018 and has been convicted of corruption related to 1MDB. Mahathir’s return at the helm of an opposition bloc offered a brief moment of renewal. But he couldn’t give up on political wheeling and dealing — even well into his 90s — and opened the door for Muhyiddin to edge him out of office.

Longstanding ethnic and religious fault lines have been worsened in recent years by an urban-rural divide and a generation gap that no political organization has come to grips with. The credibility of the ruling class will keep eroding the longer it takes to vaccinate against Covid and for a recovery to take hold. The current intrigues sadly seem far removed from the daily needs of business, finance and even putting food on the table.

No country can continue on this course indefinitely and be a model for anything other than dysfunction.-Bloomberg

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PETALING JAYA: The health system in Kuala Lumpur, Selangor, Negeri Sembilan and Labuan will soon be paralysed unless there is a reduction in daily Covid-19 case numbers, warns health director-general Dr Noor Hisham Abdullah.

In a statement on his Facebook page, Noor Hisham said that to date, the two states and federal territories have shown an increase in new daily cases which exceed the maximum capacity of hospitals there.

He also expressed concern about the trend of Covid-19 cases being admitted to intensive care units (ICU), saying that the ICU bed capacity nationwide is now over 90%.

“The number of new daily cases being reported shows no sign of reduction, and instead, had increased by an average of 2.6% over the last seven days,” Noor Hisham said.

“If this goes on, the health systems in these two states and federal territories will be paralysed,” he said.

Noor Hisham said that among the steps the health ministry has taken to address this is by dedicating several hospitals in the Klang Valley solely to treat Covid-19 patients – Hospital Ampang, Hospital Sungai Buloh and the Universiti Kebangsaan Malaysia’s Specialist Children’s Hospital (HPKK UKM).

It is also considering using Hospital Shah Alam to treat Covid-19 cases and has proposed that this be allowed at the Universiti Putra Malaysia Teaching Hospital (HUPM) and Hospital Universiti Teknologi Mara (UiTM

Apart from further increasing the bed capacity at Hospital Kuala Lumpur (HKL), Hospital Selayang and Tengku Ampuan Rahimah Hospital (HTAR) in Klang to be used as treatment centres for Category 4 and 5 patients, Noor Hisham said that the health ministry is also transferring non-Covid-19 patients to private hospitals – especially around HKL and HTAR.

Noor Hisham’s statement comes just hours after Klang MP Charles Santiago highlighted the scarcity of beds at HTAR, where Covid-19 patients were “parked” outside the emergency department due to a lack of beds inside.

Last week, social media was abuzz with photos of doctors in Hospital Kuala Lumpur (HKL) performing procedures and cardiopulmonary resuscitation (CPR) on the floor as the hospital’s capacity was stretched beyond its limit.

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