According to MIDF Research, $SUNWAY(5211.MY)$ is a likely new entrant to the FBM KLCI list in the semi-annual review after rising to the 23rd spot, while $AMBANK(1015.MY)$ is likely to be removed.
2H2024 is just around the corner, here come the time again for KLCI to review their component stocks. SUNWAY which refresh new record highs since last year will definitely in the spotlight, after inclusion of YTL and YTLPOWR earlier.
$SUNWAY(5211.MY)$ Weekly Cha...

MASTER delivered excellent Q1 results. Although the turnover grew by only 3%, net profit increased by 45.1%. Mainly because the increase in cash drives interest income and margin increases, I believe margin will continue to improve throughout 2024.
$MASTER(7029.MY)$
In 2020Q3, due to the impact of the pandemic, the company's 12-month TTM Net Profit fell to 10.4 mil. Over the next 14 quarters, MASTER achieved 12 quarters of growth and 2 quarters of decline. Recently, YOY has been growing for 7 consecutive quarters.
The opening of the Vietnam 🇻🇳 market in 2018 led to an increase in the company's turnover and continued progress in profits. Turnover growth has slowed in recent years, but profits have been growing by double digits for 4 consecutive years.
Due to limited information in the annual report and quarterly report, the author speculates that Master is continuously introducing novel machines to increase margin and do a good job of controlling costs. The continuous increase in cash brings more interest income, so margin has increased.
The main growth in 2023 comes from the solar energy sector, while the rest of the sectors experienced varying degrees of decline. Entering Q1 2024, solar energy is still the biggest contributor, and the electronics sector also grew by RM0.7 mile in QOQ. In the outlook, management mentioned that E&E electronic products are expected to recover, so they can continue to grow in 2024.

$NVIDIA(NVDA.US)$
Nvidia (Nvidia), a major US artificial intelligence chip manufacturer, announced today that the US stock market report was better than expected, and announced that it will carry out a 1 split and 10 stock split plan, driving the stock price to rise more than 6% after the market, and the stock price surpassed 1,000 US dollars.
Nvidia's first-quarter revenue increased 262% a year to US$26.04 billion (approximately RM1.23 trillion), higher than market expectations of US$24.65 billion
Additionally, Nvidia expects second-quarter revenue of $28 billion, which is better than analysts' average estimate of $26.66 billion.
After Nvidia's earnings report was released, the stock price rose by more than 6% after the market, and boosted $Advanced Micro Devices(AMD.US)$Ultra Micro and Broadcom $Broadcom(AVGO.US)$Wait until chip stocks rise.
Since this year, Nvidia's stock price has soared more than 90%.
Source: Nanyang Siang Pao
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