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Looking to get involved in Sunami, a solar and digital center?
Morinami cultivation $SIMEPLT(5285.MY)$ It was announced that the largest shareholder, the National Investment Agency (PNB), plans to jointly develop a 1,000-acre Jilin Integrated Green Industrial Park (KIGIP) development project, of which 660 acres will be used to develop solar power plants, owned and operated by Senami.
The news spurred the stock price to skyrocket this morning. At one point, it rose to RM4.73, a 2-year high.
Given the company's huge basement, Bank of Malaysia's investment bank research analysts are optimistic that it will be the potential beneficiaries of the Green Industrial Park, the 5th largest solar project (LSS5), and data center requirements.
The company had already leased the land to a third-party solar power plant. Looking back at LSS4, about 40% of the quota granted by the government for solar power plants was on the company's land. In light of this, we believe the company has the potential to further benefit from the recently announced LSS5.
According to reports, the company is also exploring opportunities to develop data centers with partners. Analysts estimate potential locations including Kulai, Johor and Kedah Kulim.
Analysts believe the company may maximize profits by selling land to the government or industrial parks or renewable energy operators. Alternatively, become a large renewable energy provider to earn stable income, or rent out land.
Furthermore, the company also confirmed that the industrial sector will be a key strategic pillar and source of revenue growth over the next 5 years.
[Finance Hot NOW] May 8 | Potential Beneficiaries of Solar Data Centers Analysts Shout to Buy Senami
...

Results came out one after another, Malaysia National Re rose and stopped, and Du Fu fell
Q4 net profit reached a record high, and Malaysian National Reinsurance rose and fell
Insurance revenue soared, Malaysian National Reinsurance $MNRB(6459.MY)$ At the end of fiscal year 2024, net profit was reported at RM232,631,000, a year-on-year increase of 1.45 times, a record high.
After the announcement of the results, the stock immediately jumped higher in midday trading, hitting a rising and closing market level, rising 30% or 54 cents to RM2.34, setting a 52-week high.
When the market closed, the stock closed at RM2.32, up 52 cents or 28.9%, making it the highest rising stock today.
Net profit plummeted 60%, and Du Fu Technology took back recent gains
Another Dufu Technology, which also announced results today $DUFU(7233.MY)$ Net profit for the first quarter of fiscal year 2024 fell to RM4.255,000, a sharp drop of 59.3% year-on-year, due to the decline in hard disk drive-related revenue.
The company reported revenue of RM57.859,000 for the first quarter ending the end of March, a year-on-year decrease of 22%.
The stock had a heavy decline in midday trading. At one point, it fell nearly 6%. When the market closed, the stock closed at RM2.20, a drop of 11 cents, or 4.8%.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Be sure to exercise your own independence before making any investment decisions...

Although heavyweight blue-chip stocks face some selling pressure, they are being dragged down $FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$The Composite Index showed a situation where it was unable to continue to rise, but it remained unchanged at 1,600 points.
In contrast, the field of medicine and health care presents a different landscape. Among them, the most outstanding performance is the top gloves $TOPGLOV(7113.MY)$The stock price rose to nearly 4%, reaching a maximum of 93.5 cents.
Of course, the popularity of stock price trading may be related to the Civil Service Pension Fund Board (KWAP). From the original withdrawal from the ranks of majority shareholders, that is, the shareholding ratio was only 1.22% on October 6, 2022, it has now returned to 5%.
As for other glove stocks, they also recorded good gains.
$HARTA(5168.MY)$
$KOSSAN(7153.MY)$
$SUPERMX(7106.MY)$
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.

Malaysia's stock market capitalization broke 2 megabytes for the first time, and the Malaysian Stock Exchange could rise to RM8.20
Malaysian stocks historically surpassed RM2 trillion in total market capitalization yesterday. MIDF research continues to be optimistic about the Malaysian Exchange $BURSA(1818.MY)$ Looking ahead, the target price of RM8.20 and the “buy” rating will be maintained.
Inspired by news that the Malaysian stock market value reached a record high, the Malaysian Stock Exchange's stock price soared today. It once rose 21 cents, or 2.70%, to RM7.94 in early trading.
MIDF research analysts pointed out that as of May 7, the average daily turnover of Malaysian stocks from the beginning of the year to date reached 4.09 billion shares, up 28.7% year-on-year, a new high after 2021.
In 2020 and 2021, the average daily trading volume of Malaysian stocks reached 7.32 billion shares and 5.71 billion shares, respectively, due to a sharp increase in retail trading participation during the global lockdown caused by the pandemic.
Analysts are optimistic that Malaysia's historic breakthrough in market capitalization will bring better profit performance to the Malaysian Stock Exchange.
Read the full article:Malaysia's stock market capitalization broke 2 megabytes for the first time, and the Malaysian Stock Exchange could rise to RM8.20
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author...

CTOS digital Q1 net profit rose, and the stock price rose to a new high in nearly two months
Driven by higher sales of digital solutions, CTOS digital $CTOS(5301.MY)$ Net profit for the first quarter of fiscal year 2024 increased 25.60% year over year to RM20.82 million, and a dividend of 0.64 cents was announced.
The company reported to the Malaysia Stock Exchange on Tuesday that its first-quarter turnover increased 20.11% a year to RM71.58 million.
On Wednesday, the stock surged 4.3% to RM1.46, a new high since early March.
The CTOS digital core net profit for the first quarter, accounting for 17.2% of the full-year forecast, is still considered to be in line with Societe Generale Investment Bank's research expectations, mainly seasonal weakness in the first quarter. In the past, it was only about 18% to 20% for the whole year.
However, thanks to increased sales of data systems reports and digital solutions, all divisions achieved steady double-digit revenue growth.
Management remains optimistic about CTOS's digital growth trajectory and believes that with strong channels and customer conversion, as well as upselling of international sector analytical services and other solutions, internal goals can be achieved.
The company anticipates that increased adoption of electronic customer verification service (eKYC) digital solutions, comprehensive portfolio reviews, and analytical products, as well as the influx of new customers, will be the driving force for growth in FY2024.
Management revealed that the appeal hearing date for the ongoing lawsuit is set for July 9.
Societe Generale Investment Bank research continues to be optimistic about the company as a leader...

May Arbitrage Exit Spell Expired? Summarize the brave move towards 1610 points
Report: @Jungle lee
Investors are currently filled with excitement, not only driving up the trend of Malaysian stocks, but also driving the FTSE Composite Index $FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$ Does breaking through 1,600 points mean that the “sell in May and go away” (sell in May and go away) spell is no longer suitable to be applied to horse stocks?
“May arbitrage leaves the market” is actually a common phrase on Wall Street in the US, because all major US companies will announce their performance during the April period, and specific economic data will also be released during that period, and investors may make profits one after another and leave the market, which in turn puts selling pressure on the stock market.
Incidentally, in the Oriental Stock Market, there is also a saying “the five poor, six, seven out of seven.”
Although the East and West have different understandings about when the market will resume its bull market — the East thinks it can turn around in July, while the West thinks it will be necessary to wait until after Halloween (that is, November); one thing the two sides have in common is that the bear market began in May.
However, if you look at the current trend, that is, the four-day trading day starting May 2 was a situation where Malaysian stocks soared sharply. It seems that the relevant proverb cannot be applied to the trend of Malaysian stocks in May this year.
Judging from today's trend, the composite index was at the level of 1,600 points at the beginning, and now it has taken a leap forward. 1...

For data center messaging: Apple develops its own AI chip
According to some sources, $Apple(AAPL.US)$Apple is currently developing its own artificial intelligence chips for data centers, but it is unclear when or whether they will launch them.
As soon as the news came out, it drove Apple's stock price higher after the market, but there was little upward momentum.
The Wall Street Journal quoted people familiar with the matter as reporting that Apple has used self-developed chips in iPhones, Macs, and other devices, and artificial intelligence chips for data centers will be carried out on this basis.
The report said that the project is codenamed ACDC within the company.
Apple's stock price rose 1.2% after trading on Monday. By the close, the stock had a cumulative decline of 5.6% this year. Apple representatives have yet to respond to requests for comment.
If Apple could push ahead with the development of its own server processors, it would be similar to what some of the biggest tech companies are doing.
$Amazon(AMZN.US)$AWS, owned by Amazon $Alphabet-A(GOOGL.US)$Google, $Microsoft(MSFT.US)$Microsoft and $Meta Platforms(META.US)$The data centers operated by Meta Platforms all use semiconductors of their own design to a certain extent, right $Intel(INTC.US)$Intel's traditional dominance in this field has had an impact.
Source: Nanyang Siang Pao
Disclaimer: This content is for...

Analysts are optimistic about data center potential Yang Zhongli Electricity is worth RM6.25
Yang Zhongli Electric Power $YTLPOWR(6742.MY)$ The rise is amazing, like the “Malaysian version of Nvidia” $NVIDIA(NVDA.US)$ Investment banks have updated their target prices one after another. Among them, the Malaysian Investment Bank is the most aggressive, offering a target price of RM6.25.
This is the highest target price currently given by the analytical community, compared to the stock's market price of about RM4.90, which means there is still room for growth of 27.5%.
Looking back at Yang Zhongli Electric Power's stock price performance, the stock began to rise in March of last year and has risen 94.49% since the beginning of the year.
In a report today, the analyst re-included the potential revenue of the data center in the summed up valuation method (SOP). Previously, the analyst only used the net asset value of the data center, which could not truly reflect the company's true profit level.
“After taking into account the Sentul data center (5 MW) and the non-AI Johor data center (8 MW), we will increase our net profit for fiscal year 2025 by 1%.”
The analysts also raised the net profit forecast for the 2026 fiscal year by 27% to reflect the revenue brought by the Johor No. 1 data center in the AI field. The analysts also took into account that Singapore Donghai Group may use another 8 MW data center.
Analysts believe that the 2026 fiscal year will better reflect the potential profits of data centers. The 100 megawatt data center is expected to start operation by the end of 2024...