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US Stock Market Review 13 - 17 May 2024
$Dow Jones Industrial Average(.DJI.US$ +1.24%, $S&P 500 Index(.SPX.US$+1.54%, $Nasdaq Composite Index(.IXIC.US$+2.12%. DJIclosed above the key 40,000 level for the first time ever.
Major economic data last week, CPI and retail sales showed weaker than expected result, ignited speculations that the economy is cooling, elevating chances for the Fed to cut rates in the next few months
Over 90% of the $S&P 500 Index(.SPX.US$ compa...
$Dow Jones Industrial Average(.DJI.US$ +1.24%, $S&P 500 Index(.SPX.US$+1.54%, $Nasdaq Composite Index(.IXIC.US$+2.12%. DJIclosed above the key 40,000 level for the first time ever.
Major economic data last week, CPI and retail sales showed weaker than expected result, ignited speculations that the economy is cooling, elevating chances for the Fed to cut rates in the next few months
Over 90% of the $S&P 500 Index(.SPX.US$ compa...
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The market cooled Friday from the week's all-time highs and short squeeze surprises.
Just after the close at 4 PM EST, the $S&P 500 Index(.SPX.US$ climbed 0.12%, The $Nasdaq Composite Index(.IXIC.US$ fell 0.07%, and the $Dow Jones Industrial Average(.DJI.US$ climbed 0.34%.
Next week is yet another earnings week, with $NVIDIA(NVDA.US$ on Wednesday.
MACRO
In Macro, Thursday U.S. initial jobless claims declined by 10,000 to 222,00...
Just after the close at 4 PM EST, the $S&P 500 Index(.SPX.US$ climbed 0.12%, The $Nasdaq Composite Index(.IXIC.US$ fell 0.07%, and the $Dow Jones Industrial Average(.DJI.US$ climbed 0.34%.
Next week is yet another earnings week, with $NVIDIA(NVDA.US$ on Wednesday.
MACRO
In Macro, Thursday U.S. initial jobless claims declined by 10,000 to 222,00...
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PA is an aluminum product manufacturer with manufacturing capacity to produce aluminum billets and end product stamping. The major customer is First Solar from the US. There are also quite a few investors who worry that PA is too dependent on a single major customer. This is a potential risk. The situation is similar to MAGNI.
However, since getting First Solar in 2018, the company has extended it for the 3rd time, and each time it is bigger than the previous contract. In January of this year, the company obtained an extension of the FirstSolar contract for a period of 18 months of RM1,076 mils. Therefore, performance is expected to grow steadily over the next 5 to 6 quarters.
Since the company only earned RM239k in the same period last year, surrendering RM12.436 mils of profit in the latest quarter increased the company by 5,099.2%. Although there is a foreign exchange profit of RM2.9 mil, there are also RM1.8 mil ESOS expenses, and when deducted, there is also PAT of RM11.5 mil or more.
The company's new production capacity was upgraded in March, mainly to meet the record high contract obtained in January. It is expected that next quarter, with the contribution of new production capacity, turnover and profit will rise to the next level.
$PA(7225.MY$
The company's net cash reached a new high in the latest quarter, reaching RM88.8 mil. Mainly due to increased profits, reduced inventory, and the collection of accounts receivable.
Company shares...
However, since getting First Solar in 2018, the company has extended it for the 3rd time, and each time it is bigger than the previous contract. In January of this year, the company obtained an extension of the FirstSolar contract for a period of 18 months of RM1,076 mils. Therefore, performance is expected to grow steadily over the next 5 to 6 quarters.
Since the company only earned RM239k in the same period last year, surrendering RM12.436 mils of profit in the latest quarter increased the company by 5,099.2%. Although there is a foreign exchange profit of RM2.9 mil, there are also RM1.8 mil ESOS expenses, and when deducted, there is also PAT of RM11.5 mil or more.
The company's new production capacity was upgraded in March, mainly to meet the record high contract obtained in January. It is expected that next quarter, with the contribution of new production capacity, turnover and profit will rise to the next level.
$PA(7225.MY$
The company's net cash reached a new high in the latest quarter, reaching RM88.8 mil. Mainly due to increased profits, reduced inventory, and the collection of accounts receivable.
Company shares...
Translated
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The energy index on the Malaysia Stock Exchange has surged by 20% year-to-date. Meanwhile, the country's benchmark index, the FBM KLCI, has risen by about 10% this year.
Among the top 20 listed oil and gas companies observed, $PENERGY(5133.MY$ has soared over 78% year-to-date, followed by $DAYANG(5141.MY$ at 69% and $PERDANA(7108.MY$ at 65%.
Potential Upsurge in Oil Prices
Exploration and production entities stand to gai...
Among the top 20 listed oil and gas companies observed, $PENERGY(5133.MY$ has soared over 78% year-to-date, followed by $DAYANG(5141.MY$ at 69% and $PERDANA(7108.MY$ at 65%.
Potential Upsurge in Oil Prices
Exploration and production entities stand to gai...
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$NVIDIA(NVDA.US$ blood bath again.Hate fed.
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