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After surviving the strength of the US dollar in April and the pressure to buy large amounts of foreign exchange, $USD/CNY(USDCNY.FX$The renminbi performed worse in May — outperforming almost all major currencies, and the dollar's fall did not provide any breathing room.
The US dollar index fell from a high level of about 1% in May, but both domestic and foreign RMB weakened slightly, almost bottoming out of Asian currencies, and outperforming the vast majority of the 31 major currencies tracked by Bloomberg.
The CFETS basket index simulated by Bloomberg fell by about 1% in the same month. The monthly decline was the biggest in nearly a year, which also showed the weakness of the RMB among major currencies.
This month, the US dollar index fell for the first time in the year. However, the pressure on domestic foreign exchange purchases has not abated, indicating that the pressure on the RMB depreciation may mainly come from fundamentals. This also means that even if the US dollar retracts sharply in the future, it will not necessarily significantly boost the RMB; investors still have doubts about the recovery of China's real estate industry, and as trade frictions with the US and Europe deepen, the overall failure of the RMB may continue.
Combining many traders, customer foreign exchange purchases have been strong overall since May, and the net foreign exchange purchase pressure has not changed significantly compared to April.
In addition to the regular demand for foreign exchange purchases, foreign exchange purchases from overseas listed companies have begun to increase, and foreign exchange purchase demand brought about by domestic and foreign RMB exchange rate spread arbitrage has also shown performance.
Furthermore, the willingness of companies holding foreign currency to settle payments is still sluggish, and transactions involving the use of foreign exchange swaps to finance the US dollar and integrate into RMB for arbitrage continue the trend since last year.
The trader mentioned above declined to be named for an interview...
The US dollar index fell from a high level of about 1% in May, but both domestic and foreign RMB weakened slightly, almost bottoming out of Asian currencies, and outperforming the vast majority of the 31 major currencies tracked by Bloomberg.
The CFETS basket index simulated by Bloomberg fell by about 1% in the same month. The monthly decline was the biggest in nearly a year, which also showed the weakness of the RMB among major currencies.
This month, the US dollar index fell for the first time in the year. However, the pressure on domestic foreign exchange purchases has not abated, indicating that the pressure on the RMB depreciation may mainly come from fundamentals. This also means that even if the US dollar retracts sharply in the future, it will not necessarily significantly boost the RMB; investors still have doubts about the recovery of China's real estate industry, and as trade frictions with the US and Europe deepen, the overall failure of the RMB may continue.
Combining many traders, customer foreign exchange purchases have been strong overall since May, and the net foreign exchange purchase pressure has not changed significantly compared to April.
In addition to the regular demand for foreign exchange purchases, foreign exchange purchases from overseas listed companies have begun to increase, and foreign exchange purchase demand brought about by domestic and foreign RMB exchange rate spread arbitrage has also shown performance.
Furthermore, the willingness of companies holding foreign currency to settle payments is still sluggish, and transactions involving the use of foreign exchange swaps to finance the US dollar and integrate into RMB for arbitrage continue the trend since last year.
The trader mentioned above declined to be named for an interview...
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18
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$PWRWELL(0217.MY$ had been trending upwards here over the past few months and for now holding well above its RM 0.45+ immediate support levels.
As long as able to sustain, could breakout from its RM 0.52+ major resistance levels soon for a bullish continuation pattern.
Support: RM 0.45, RM 0.43 areas
Resistance: RM 0.47, RM 0.485, RM 0.50, RM 0.52 areas
As long as able to sustain, could breakout from its RM 0.52+ major resistance levels soon for a bullish continuation pattern.
Support: RM 0.45, RM 0.43 areas
Resistance: RM 0.47, RM 0.485, RM 0.50, RM 0.52 areas
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$NIO Inc(NIO.US$ 6 is near not worth selling a low 5.. Wait till 6/6 for improvement financial result and Nio expansion and development plan.
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The SEC approved the rule 19b-4 forms for eight ether ETF applications, including BlackRock (BLK), Fidelity (FNF), Grayscale, ARK Invest, VanEck, Invesco Galaxy and Franklin Templeton. The S-1 registration statements still need to be approved before the ETFs can officially debut.
The SEC order did not provide a timetable for when the S-1 forms would be approved. It also did not offer a date they would begin trading.
The ethe...
The SEC order did not provide a timetable for when the S-1 forms would be approved. It also did not offer a date they would begin trading.
The ethe...
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$The Toronto-Dominion Bank(TD.CA$ 's earnings report came out yesterday. Opening price is 77.8 and the closing price is 75.58, a 2.85% drop. In our last vote, 63% chose TD as the biggest winner among the five banks. Do you believe TD can still outperform other banks in the end?
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$ExlService(EXLS.US$In the 2023.3.23 analysis, it was excluded due to the lack of discounts in the valuation, and the stock price has fallen 3.6% so far.
The US company, which was listed in 2006, is mainly engaged in digital operation and analysis business. The main market is in the US, and the current price is 31.02.
In the past 5 years, in addition to a slight contraction in 2020, revenue has increased for 4 years, with an average growth rate of 13%, an average growth rate of 28% in operating profit, and an average growth rate of 26.5% in net profit. Interest charges for 2023 are negligible, and the interest burden is very light. Gross margin increased from 33.9% to 37.3% in the past 5 years, net margin from 6.8% to 11.3%, and return on net assets from 10.5% to 22.4%.
Revenue increased by 9% in 2024Q1, operating profit increased by only 3.5% due to a sharp increase in expenses, and net profit shrank by 5% due to income tax fluctuations.
The balance ratio has declined from 43.4% to 38.3% in the past 5 years, and total assets and net assets have increased significantly. The ratio and growth rate of accounts receivable are normal. Goodwill and other intangible assets are 453 million, accounting for 56.4% of 803 million net assets, and long-term loans of 280 million, which is 1.5 times the annual profit, and the leverage ratio is not high. Treasury stocks reached 702 million.
Currently, the cash is 250 million, and the liquidity ratio is very healthy.
Net cash flow has continued to be higher than net investment over the past 5 years, generating a high percentage of shareholder surpluses.
Currently, the price-earnings ratio is 28.2, and the price-earnings ratio is TTM28.5. Consider...
The US company, which was listed in 2006, is mainly engaged in digital operation and analysis business. The main market is in the US, and the current price is 31.02.
In the past 5 years, in addition to a slight contraction in 2020, revenue has increased for 4 years, with an average growth rate of 13%, an average growth rate of 28% in operating profit, and an average growth rate of 26.5% in net profit. Interest charges for 2023 are negligible, and the interest burden is very light. Gross margin increased from 33.9% to 37.3% in the past 5 years, net margin from 6.8% to 11.3%, and return on net assets from 10.5% to 22.4%.
Revenue increased by 9% in 2024Q1, operating profit increased by only 3.5% due to a sharp increase in expenses, and net profit shrank by 5% due to income tax fluctuations.
The balance ratio has declined from 43.4% to 38.3% in the past 5 years, and total assets and net assets have increased significantly. The ratio and growth rate of accounts receivable are normal. Goodwill and other intangible assets are 453 million, accounting for 56.4% of 803 million net assets, and long-term loans of 280 million, which is 1.5 times the annual profit, and the leverage ratio is not high. Treasury stocks reached 702 million.
Currently, the cash is 250 million, and the liquidity ratio is very healthy.
Net cash flow has continued to be higher than net investment over the past 5 years, generating a high percentage of shareholder surpluses.
Currently, the price-earnings ratio is 28.2, and the price-earnings ratio is TTM28.5. Consider...
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