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Tomorrow is the last trading day of May. I'm thankful to be able to continue growing in May.
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Malaysia's ambassador to China, Dato' Norman, revealed that Chinese President Xi Jinping is expected to visit Malaysia next year.
He said that as Deputy Prime Minister Dato' Seri Amzahi successfully commences his visit to China, senior level visits will also begin one after another to coincide with the 50th anniversary of the establishment of diplomatic relations between Malaysia and China.
He said that in addition to Xi Jinping's visit to Malaysia next year, Chinese Premier Li Qiang will also visit Malaysia in June.
Today, Norman spoke to the Malaysian media who accompanied the delegation.
This will be Xi Jinping's second visit to Malaysia after 12 years. Xi Jinping last paid a three-day state visit to Malaysia from October 3 to 5, 2013.
Xi Jinping's visit to Malaysia was very fruitful. He announced that Sino-Malaysian relations had been upgraded to a “comprehensive strategic partnership” and put forward 5 suggestions for strengthening cooperation between the two countries: expand bilateral trade to reach 160 billion US dollars in 2017; promote mutual investment, continue to support the construction of industrial parks in Qinzhou and Kuantan, and encourage Chinese enterprises to actively participate in projects such as Malaysia's six major development corridors; expand financial cooperation to expand the scale of bilateral local currency exchanges to avoid financial risks; deepen agricultural and fishery cooperation; continue to strengthen cooperation in natural rubber cultivation and processing, agricultural machinery trade, fishing, deep aquaculture, etc. ; Work together to promote regional cooperation, jointly create an open, inclusive and win-win cooperation environment, and promote common development.
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY$ $SSE Composite Index(000001.SH$ $FTSE China A50 Index(.FTXIN9.CN$
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He said that as Deputy Prime Minister Dato' Seri Amzahi successfully commences his visit to China, senior level visits will also begin one after another to coincide with the 50th anniversary of the establishment of diplomatic relations between Malaysia and China.
He said that in addition to Xi Jinping's visit to Malaysia next year, Chinese Premier Li Qiang will also visit Malaysia in June.
Today, Norman spoke to the Malaysian media who accompanied the delegation.
This will be Xi Jinping's second visit to Malaysia after 12 years. Xi Jinping last paid a three-day state visit to Malaysia from October 3 to 5, 2013.
Xi Jinping's visit to Malaysia was very fruitful. He announced that Sino-Malaysian relations had been upgraded to a “comprehensive strategic partnership” and put forward 5 suggestions for strengthening cooperation between the two countries: expand bilateral trade to reach 160 billion US dollars in 2017; promote mutual investment, continue to support the construction of industrial parks in Qinzhou and Kuantan, and encourage Chinese enterprises to actively participate in projects such as Malaysia's six major development corridors; expand financial cooperation to expand the scale of bilateral local currency exchanges to avoid financial risks; deepen agricultural and fishery cooperation; continue to strengthen cooperation in natural rubber cultivation and processing, agricultural machinery trade, fishing, deep aquaculture, etc. ; Work together to promote regional cooperation, jointly create an open, inclusive and win-win cooperation environment, and promote common development.
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY$ $SSE Composite Index(000001.SH$ $FTSE China A50 Index(.FTXIN9.CN$
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According to the news, Xie Funian's family intends to sell Sunway $SUNWAY(5211.MY$3.52% equity, cashing out RM700 million.
Financial website The Edge quoted people familiar with the matter as reporting that Sungei Way Private Limited, owned by the Xie Funian family, is seeking to sell up to 200 million shares at a price of RM704 million, equivalent to RM3.52 per share.
People familiar with the matter revealed that this includes 150 million shares and the option to increase their holdings by 50 million shares.
According to reports, the transaction was completed at 7 p.m. on Thursday (30th), and the share transfer is scheduled to take place on Friday.
When the market closed on Thursday, Sunway closed at RM3.62, flat trading, which meant that the above sale price was 2.76 percent off the market price.
If the above transaction is completed, Sungei Way's shareholding ratio will drop from 48.57% to 45.05%, and the total shareholding ratio of the founder and group chairman Dr. Tan Sri Xie Funian will also drop to 70.94%, but it is still Sunway's largest shareholder.
As for the second-largest shareholder, it remains the Employees Provident Fund Board, which holds 5.22% of the shares.
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. Made...
Financial website The Edge quoted people familiar with the matter as reporting that Sungei Way Private Limited, owned by the Xie Funian family, is seeking to sell up to 200 million shares at a price of RM704 million, equivalent to RM3.52 per share.
People familiar with the matter revealed that this includes 150 million shares and the option to increase their holdings by 50 million shares.
According to reports, the transaction was completed at 7 p.m. on Thursday (30th), and the share transfer is scheduled to take place on Friday.
When the market closed on Thursday, Sunway closed at RM3.62, flat trading, which meant that the above sale price was 2.76 percent off the market price.
If the above transaction is completed, Sungei Way's shareholding ratio will drop from 48.57% to 45.05%, and the total shareholding ratio of the founder and group chairman Dr. Tan Sri Xie Funian will also drop to 70.94%, but it is still Sunway's largest shareholder.
As for the second-largest shareholder, it remains the Employees Provident Fund Board, which holds 5.22% of the shares.
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. Made...
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Various favorable factors converge, $FTSE Bursa Malaysia KLCI Index(.KLSE.MY$The Malaysian stock market is outperforming the region, and with the return of foreign capital, Malaysian stocks will rise further.
According to Bloomberg data, throughout May, foreign investors made net purchases of 52.9 million US dollars (RM2,369.99 million) of Malaysian stocks, which is the largest return of foreign capital since March 2022.
The AI field is gradually sprouting, and China's political stability has further attracted the attention of foreign investors. In May, Malaysia was the only Southeast Asian country to see capital inflows.
Malaysia has had a lot of good news recently, first $NVIDIA(NVDA.US$Nvidia built a data center, later $Microsoft(MSFT.US$Microsoft plans to invest several billion ringgit in Malaysia, making Malaysia the center of the international semiconductor supply chain.
It has been more than a year and a half since the establishment of the Malaysian Solidarity Government and has continued to push forward reforms. It is very popular with investors, which has also improved the prospects of the Malaysian market.
Huang Deming, CEO of Areca Capital, pointed out that the haze of political instability has dissipated. Coupled with rising commodity prices, Malaysia has once again become a target for foreign investors. Furthermore, Prime Minister Anwar also frequently invites major companies to invest in the AI and green energy industries.
“This is a good time for Malaysian stocks that are cheap and have insufficient holdings. ”
Since the beginning of the year, the FTSE Composite Index has risen...
According to Bloomberg data, throughout May, foreign investors made net purchases of 52.9 million US dollars (RM2,369.99 million) of Malaysian stocks, which is the largest return of foreign capital since March 2022.
The AI field is gradually sprouting, and China's political stability has further attracted the attention of foreign investors. In May, Malaysia was the only Southeast Asian country to see capital inflows.
Malaysia has had a lot of good news recently, first $NVIDIA(NVDA.US$Nvidia built a data center, later $Microsoft(MSFT.US$Microsoft plans to invest several billion ringgit in Malaysia, making Malaysia the center of the international semiconductor supply chain.
It has been more than a year and a half since the establishment of the Malaysian Solidarity Government and has continued to push forward reforms. It is very popular with investors, which has also improved the prospects of the Malaysian market.
Huang Deming, CEO of Areca Capital, pointed out that the haze of political instability has dissipated. Coupled with rising commodity prices, Malaysia has once again become a target for foreign investors. Furthermore, Prime Minister Anwar also frequently invites major companies to invest in the AI and green energy industries.
“This is a good time for Malaysian stocks that are cheap and have insufficient holdings. ”
Since the beginning of the year, the FTSE Composite Index has risen...
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$Alphabet-A(GOOGL.US$
Google (Google) today promised to invest 2 billion US dollars (approximately RM9.4 billion) in Malaysia, a move that marks a new milestone in helping Malaysia accelerate digital transformation.
This commitment includes building the first Google data center and Google Cloud region to meet the growing demand for cloud services locally and globally, and provide AI literacy courses for Malaysian students and educators.
The investment site in Malaysia will be located in $SIMEPROP(5288.MY$Elmina Business Park owned by Morinami Industries.
Alphabet and Google President, Chief Investment Officer and Finance Minister Ruth Borat said that Google's first data center and cloud region is the biggest investment in Malaysia so far, and it has been rooted here for 13 years. The investment is based on cooperation between Google and the Malaysian government to advance the “Cloud Priority Policy” to promote the best cybersecurity standards.
With today's announcement, Malaysia and Google will work together to create an ecosystem that supports innovation and fully develop the potential for digital transformation.
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. Before making any investment decisions, be sure to conduct your own independent research and evaluation, and consult a professional if necessary...
Google (Google) today promised to invest 2 billion US dollars (approximately RM9.4 billion) in Malaysia, a move that marks a new milestone in helping Malaysia accelerate digital transformation.
This commitment includes building the first Google data center and Google Cloud region to meet the growing demand for cloud services locally and globally, and provide AI literacy courses for Malaysian students and educators.
The investment site in Malaysia will be located in $SIMEPROP(5288.MY$Elmina Business Park owned by Morinami Industries.
Alphabet and Google President, Chief Investment Officer and Finance Minister Ruth Borat said that Google's first data center and cloud region is the biggest investment in Malaysia so far, and it has been rooted here for 13 years. The investment is based on cooperation between Google and the Malaysian government to advance the “Cloud Priority Policy” to promote the best cybersecurity standards.
With today's announcement, Malaysia and Google will work together to create an ecosystem that supports innovation and fully develop the potential for digital transformation.
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. Before making any investment decisions, be sure to conduct your own independent research and evaluation, and consult a professional if necessary...
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#指数要上涨离不开银行股
In the past, when the index soared, Bank 🐯 and Public Bank 🏦 took the lead. Unfortunately, PBBANK's profit YOY has declined for two consecutive quarters. YOY fell 3.5% in the latest quarter, causing the stock price to drop 2.6% this year (10 percent dividend was paid in March).
Therefore, in this round of MAYBANK and CIMB, the two bank stocks with the largest assets stormed the index. With TENAGA and Yang Jia Shuangxiong, more than two-thirds of the increase in the index this year came from these five companies.
$TENAGA(5347.MY$ $YTL(4677.MY$ $YTLPOWR(6742.MY$
For the index to rise, the banking sector must perform well, because the banking sector accounts for 41% of the index. Yesterday, MAYBANK handed over its 2024Q1 results, growing 9.8% year on year. Turnover and profit are all record highs. Coincidentally, last quarter's PAT was RM2,388 mil, and this quarter RM2,488 mil. I also congratulate you 🎊 Malaysian Stock 888!
$MAYBANK(1155.MY$
The total share of MAYBANK and CIMB indices is 23%. As long as these two companies stabilize and slowly rise, they can at least maintain the lower limit of the index. The remaining few bank stocks are assumed to be able to hand over single-digit% growth without lagging behind, and the market will basically stabilize.
$CIMB(1023.MY$
Assuming the rest of industry, healthcare, consumption, and electricity...
In the past, when the index soared, Bank 🐯 and Public Bank 🏦 took the lead. Unfortunately, PBBANK's profit YOY has declined for two consecutive quarters. YOY fell 3.5% in the latest quarter, causing the stock price to drop 2.6% this year (10 percent dividend was paid in March).
Therefore, in this round of MAYBANK and CIMB, the two bank stocks with the largest assets stormed the index. With TENAGA and Yang Jia Shuangxiong, more than two-thirds of the increase in the index this year came from these five companies.
$TENAGA(5347.MY$ $YTL(4677.MY$ $YTLPOWR(6742.MY$
For the index to rise, the banking sector must perform well, because the banking sector accounts for 41% of the index. Yesterday, MAYBANK handed over its 2024Q1 results, growing 9.8% year on year. Turnover and profit are all record highs. Coincidentally, last quarter's PAT was RM2,388 mil, and this quarter RM2,488 mil. I also congratulate you 🎊 Malaysian Stock 888!
$MAYBANK(1155.MY$
The total share of MAYBANK and CIMB indices is 23%. As long as these two companies stabilize and slowly rise, they can at least maintain the lower limit of the index. The remaining few bank stocks are assumed to be able to hand over single-digit% growth without lagging behind, and the market will basically stabilize.
$CIMB(1023.MY$
Assuming the rest of industry, healthcare, consumption, and electricity...
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Lee_8899OP MY马股最重要赚大赔小: This account is just a short term. The real trading account is a direct account.
Lee_8899OP MY马股最重要赚大赔小: If you're serious on social platforms, you lose. The focus is on yourself; just meet your own goals. There's no need to compare yourself to others because everyone is different. People are more infuriating than others. hahaha