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$MI(5286.MY$ share prices surged to their highest since Feb 2022 on the back of amazing quarter result. Last Friday (May 10), Mi Technovation reported to Bursa Malaysia that its net profit for the first quarter ended March 31, 2024 (1QFY2024) had more than quadrupled to RM26.79 million from RM6.4 million in the same period last year.
The company attributed the strong earnings performance to a combination of higher revenue, which rose by 39.4% year-on-year to R...
The company attributed the strong earnings performance to a combination of higher revenue, which rose by 39.4% year-on-year to R...
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Bursa Malaysia's market capitalisation hit RM2 trillion for first time ever, $FTSE Bursa Malaysia KLCI Index(.KLSE.MY$ at two-year high!
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Over the past 6 months gold prices have gone up by 18%. How have the Bursa gold related companies performed?
The top chart shows the share price gain for the 4 Bursa companies with gold-related businesses. The bottom chart shows that maybe there is still some potential for gold price to go higher.
You can see that except for Niche Capital Emas, the other 3 have outperformed gold and the KLCI. What does this mean for the investor?
• You can of course interpret that Niche Capital...
The top chart shows the share price gain for the 4 Bursa companies with gold-related businesses. The bottom chart shows that maybe there is still some potential for gold price to go higher.
You can see that except for Niche Capital Emas, the other 3 have outperformed gold and the KLCI. What does this mean for the investor?
• You can of course interpret that Niche Capital...
20
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After the release of non-farm payrolls data last Friday, US stocks experienced a sharp rise on Friday. The three major indices all closed up more than 1%. Among them, the NASDAQ index rose nearly 2%, and the S&P 500 index recorded its strongest daily rise in two months. Apple's stock price surged 6%, the biggest increase in 17 months, while biotech company Amgen rose nearly 12%. Despite the overall strong performance of chip stocks, AMD was still down more than 4% during the earnings week. The energy sector, on the other hand, has accumulated a decline of more than 3% this week, reflecting market concerns about this sector.
The US non-farm payrolls report for April showed that the number of employed people increased by 175,000, far below market expectations. The unemployment rate rose slightly to its highest point in nearly a year and a half, while wage growth also slowed. This slowdown in the labor market was interpreted by the market as being beneficial to controlling inflation, causing traders to advance the Federal Reserve's first rate cut from November to September. After the release of the non-agricultural data, US Treasury yields declined markedly, the US dollar index also hit a three-week low, and the yen rebounded sharply in the intraday period.
Meanwhile, Warren Buffett's Berkshire Hathaway Shareholders' Meeting was held in 2024. The company announced a 39% year-on-year increase in operating profit for the first quarter, a new high in cash reserves, and a $2.6 billion share buyback during the quarter. Buffett hinted at the meeting that the reduction in Apple's stock holdings is to avoid the high tax rates it may face in the future. Although some Apple shares have been reduced, Apple is still one of its biggest investments.
The price of crude oil fell for five consecutive days this week, with a cumulative drop of nearly 7%, a record...
The US non-farm payrolls report for April showed that the number of employed people increased by 175,000, far below market expectations. The unemployment rate rose slightly to its highest point in nearly a year and a half, while wage growth also slowed. This slowdown in the labor market was interpreted by the market as being beneficial to controlling inflation, causing traders to advance the Federal Reserve's first rate cut from November to September. After the release of the non-agricultural data, US Treasury yields declined markedly, the US dollar index also hit a three-week low, and the yen rebounded sharply in the intraday period.
Meanwhile, Warren Buffett's Berkshire Hathaway Shareholders' Meeting was held in 2024. The company announced a 39% year-on-year increase in operating profit for the first quarter, a new high in cash reserves, and a $2.6 billion share buyback during the quarter. Buffett hinted at the meeting that the reduction in Apple's stock holdings is to avoid the high tax rates it may face in the future. Although some Apple shares have been reduced, Apple is still one of its biggest investments.
The price of crude oil fell for five consecutive days this week, with a cumulative drop of nearly 7%, a record...
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