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Price : *RM 0.35*
Opening date of applications : *16/03/2021*
Closing date : *24/03/2021*
Balloting date : *26/03/2021*
Listing date : *06/04/2021*
Syariah status : Not Stated in Prospectus
*Business* : Volcano Bhd, a manufacturer of nameplates and plastic injection moulded parts
*Objectives*
- RM5.55mil of the proceeds will go towards the purchase of machinery and equipment while RM3.2mil will be used for listing expenses.
-Volcano, whose products are mainly used in the electrical and electronics and motor vehicle industries, posted a net profit of RM6.95 million on a revenue of RM58.65 million for the financial year ended Dec 31, 2018 (FY18).
- In FY17, its net profit was RM8.31 million on a revenue of RM59.66 million, and in FY16, it was RM7.17 million on a revenue of RM62.82 million.
- Between FY16 and FY18, an average 3.07% of its revenue was derived locally, while an average of 96.93% was from overseas sales.
Fed sees stronger economy and higher inflation, but no rate hikes
KEY POINTS
-The Federal Reserve kept rates anchored near zero and maintained the current pace of asset purchases, following the conclusion of this week’s meeting.
-Officials also upgraded expectations for GDP growth and inflation and cut estimates for the unemployment rate.
-More members foresee rate hikes in coming years, but not enough to change the forecast for none through at least 2023.
1. 维持现有接近零 (near zero) 利率
2. 接近零利率应该会 (likely) 持续到2023年底
3. 中央银行继续每个月购入1200亿美元债劵资产
*所以一切照旧没什么变化
Fed: Seven officials see 2023 rate hike, up from five
The Federal Reserve on Wednesday sharply ramped up its expectations for economic growth but indicated that there are no interest rate hikes likely through 2023 despite an improving outlook and a turn this year to higher inflation.
As widely expected, the policymaking Federal Open Market Committee also voted to keep short-term borrowing rates steady near zero, while continuing an asset purchase program in which the central bank buys at least $120 billion of bonds a month.
The key changes came in how central bankers view the economic road ahead and what impact that could have on policy.
Investing.com -- U.S. stock markets opened mostly lower on Thursday under pressure from a fresh rise in bond yields, as market participants reacted skeptically to the Federal Reserve's assurances that inflation won't be a problem for the next two years.
By 9:40 AM ET (1340 GMT), the yield on the 10-year Treasury bond had risen to 1.75%, its highest in 14 months. while the 30-year bond was trading around the 2.50% level after breaching it in overnight trading for the first time since 2019.
Rises in long-term interest rates over the last few weeks have tended to put more pressure on technology stocks than others, as they raise the opportunity cost of holding assets that are in many cases only expected to generate significant cash flows some years in the future
