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Malaysian stocks and foreign exchange rates both rose and received attention from Bloomberg!
The domestic political situation is stable, foreign capital continues to flow back, and the Malaysian stock exchange has performed well since this year, making Bloomberg continue to write articles about the prospects of the Malaysian economy and the ringgit exchange rate.
Due to the convergence of favorable factors, the Malaysian stock market performed better than the region. Although it was adjusted in late May, $FTSE Bursa Malaysia KLCI Index(.KLSE.MY$Malaysia's FTSE Composite Index still broke through the 1,600 point level earlier, setting a new two-year high.
Good news has been coming from Malaysia 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.
The Malaysian stock market value broke 2 trillion
This prompted a rise in market sentiment. The Malaysian stock market value broke the historical record of RM2 trillion on May 7.
As of May 31, Malaysian stocks closed at 1596.68 points. Compared with the closing of 1454.66 points last year, they have surged nearly 10% so far this year.
According to Bloomberg data, throughout May, foreign investors made net purchases of 52.9 million US dollars (approximately RM2,369.99 million) of Malaysian stocks, which is the largest return of foreign capital since March 2022.
At the same time, in terms of exchange rates, the first 5 months of this year were low and high, especially in the last 3 months. $USD/MYR(USDMYR.FX$Malaysian ringgit against the US...
The domestic political situation is stable, foreign capital continues to flow back, and the Malaysian stock exchange has performed well since this year, making Bloomberg continue to write articles about the prospects of the Malaysian economy and the ringgit exchange rate.
Due to the convergence of favorable factors, the Malaysian stock market performed better than the region. Although it was adjusted in late May, $FTSE Bursa Malaysia KLCI Index(.KLSE.MY$Malaysia's FTSE Composite Index still broke through the 1,600 point level earlier, setting a new two-year high.
Good news has been coming from Malaysia 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.
The Malaysian stock market value broke 2 trillion
This prompted a rise in market sentiment. The Malaysian stock market value broke the historical record of RM2 trillion on May 7.
As of May 31, Malaysian stocks closed at 1596.68 points. Compared with the closing of 1454.66 points last year, they have surged nearly 10% so far this year.
According to Bloomberg data, throughout May, foreign investors made net purchases of 52.9 million US dollars (approximately RM2,369.99 million) of Malaysian stocks, which is the largest return of foreign capital since March 2022.
At the same time, in terms of exchange rates, the first 5 months of this year were low and high, especially in the last 3 months. $USD/MYR(USDMYR.FX$Malaysian ringgit against the US...
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Thank you for popping in the livestream just now! Hope you liked it!
if you have any further questions please feel free to drop them below⬇️☺️
if you have any further questions please feel free to drop them below⬇️☺️
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Australian insolvencies hit record highs. Australian mortgage arrears and credit card arrears are peaking - with Australian banks bad and doubtful debts at three-year highs. SO DO NOT EXPECT RBA RATE HIKES. Look at the charts!
The Average Australian and Australian business is on struggle street. Consume...
The Average Australian and Australian business is on struggle street. Consume...
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[Technology Stock] Cape EMS
Stock Price (2024/06/02): RM0.970
PE: 19.52 times
DY: 1.13%
NTA: RM0.470
Some netizens have been asking me recently, why do so many companies perform well, but their stock prices are still falling?
For example, the Cape EMS Berhad (CEB, 5311), which we are investigating, is a good example; the company reached a new high in FY2024 Q1, and profit after tax (“PAT”) also returned to RM13.4 million, but the stock price still fell from a high of RM1.080 to the key support point of RM1.000, which closed at RM0.970 last Friday.
Today, let's discuss CEB's business, and in the final part, we'll further discuss the topics of rising performance and falling stock prices.
Let me give you an overview; CEB is a company that mainly focuses on electronic manufacturing services (“EMS”), and investors with some experience in Malaysian stocks are certainly not unfamiliar with the term EMS. There are also many people who understand EMS as an “OEM” service for an electronic product. For example, a British hair dryer brand has given huge orders to many EMS companies before, and “achieved” very good results.
But I'll also share with you here, this hair dryer...
Stock Price (2024/06/02): RM0.970
PE: 19.52 times
DY: 1.13%
NTA: RM0.470
Some netizens have been asking me recently, why do so many companies perform well, but their stock prices are still falling?
For example, the Cape EMS Berhad (CEB, 5311), which we are investigating, is a good example; the company reached a new high in FY2024 Q1, and profit after tax (“PAT”) also returned to RM13.4 million, but the stock price still fell from a high of RM1.080 to the key support point of RM1.000, which closed at RM0.970 last Friday.
Today, let's discuss CEB's business, and in the final part, we'll further discuss the topics of rising performance and falling stock prices.
Let me give you an overview; CEB is a company that mainly focuses on electronic manufacturing services (“EMS”), and investors with some experience in Malaysian stocks are certainly not unfamiliar with the term EMS. There are also many people who understand EMS as an “OEM” service for an electronic product. For example, a British hair dryer brand has given huge orders to many EMS companies before, and “achieved” very good results.
But I'll also share with you here, this hair dryer...
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$Faraday Future Intelligent Electric Inc.(FFIE.US$ Just throw away half of the 400 million additional shares issued, and the stock price will immediately return to zero
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Back into the consolidation phase after the run last week. Here are the levels to watch. Needs a break of .1244.
Larger Image: tradingview.com...
$Crown Electrokinetics(CRKN.US$
Larger Image: tradingview.com...
$Crown Electrokinetics(CRKN.US$
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The US economy grew more slowly than initially thought during the first quarter.
The Bureau of Economic Analysis's second estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.3% during the period, down from a first reading in April of 1.6% growth and in line with economist estimates.
The update to the first quarter growth metric "primarily reflected a downward revision to c...
The Bureau of Economic Analysis's second estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.3% during the period, down from a first reading in April of 1.6% growth and in line with economist estimates.
The update to the first quarter growth metric "primarily reflected a downward revision to c...
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