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$MCEHLDG(7004.MY$
Brahmavasudwan, founder and CEO of the famous Malaysian private equity fund Creador, took shares, driving MCE Holdings' stock price higher. At one point, it broke through RM2 and reached a high of RM2.15, or 25%.
The increase then declined, falling below RM2 and hovering between RM1.95.
Brahmavasudwan, founder and CEO of the famous Malaysian private equity fund Creador, took shares, driving MCE Holdings' stock price higher. At one point, it broke through RM2 and reached a high of RM2.15, or 25%.
The increase then declined, falling below RM2 and hovering between RM1.95.
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CTOS digital Q1 net profit rose, and the stock price rose to a new high in nearly two months
Driven by higher sales of digital solutions, CTOS digital $CTOS(5301.MY$ Net profit for the first quarter of fiscal year 2024 increased 25.60% year over year to RM20.82 million, and a dividend of 0.64 cents was announced.
The company reported to the Malaysia Stock Exchange on Tuesday that its first-quarter turnover increased 20.11% a year to RM71.58 million.
On Wednesday, the stock surged 4.3% to RM1.46, a new high since early March.
The CTOS digital core net profit for the first quarter, accounting for 17.2% of the full-year forecast, is still considered to be in line with Societe Generale Investment Bank's research expectations, mainly seasonal weakness in the first quarter. In the past, it was only about 18% to 20% for the whole year.
However, thanks to increased sales of data systems reports and digital solutions, all divisions achieved steady double-digit revenue growth.
Management remains optimistic about CTOS's digital growth trajectory and believes that with strong channels and customer conversion, as well as upselling of international sector analytical services and other solutions, internal goals can be achieved.
The company anticipates that increased adoption of electronic customer verification service (eKYC) digital solutions, comprehensive portfolio reviews, and analytical products, as well as the influx of new customers, will be the driving force for growth in FY2024.
Management revealed that the appeal hearing date for the ongoing lawsuit is set for July 9.
Societe Generale Investment Bank research continues to be optimistic about the company as a leader...
Driven by higher sales of digital solutions, CTOS digital $CTOS(5301.MY$ Net profit for the first quarter of fiscal year 2024 increased 25.60% year over year to RM20.82 million, and a dividend of 0.64 cents was announced.
The company reported to the Malaysia Stock Exchange on Tuesday that its first-quarter turnover increased 20.11% a year to RM71.58 million.
On Wednesday, the stock surged 4.3% to RM1.46, a new high since early March.
The CTOS digital core net profit for the first quarter, accounting for 17.2% of the full-year forecast, is still considered to be in line with Societe Generale Investment Bank's research expectations, mainly seasonal weakness in the first quarter. In the past, it was only about 18% to 20% for the whole year.
However, thanks to increased sales of data systems reports and digital solutions, all divisions achieved steady double-digit revenue growth.
Management remains optimistic about CTOS's digital growth trajectory and believes that with strong channels and customer conversion, as well as upselling of international sector analytical services and other solutions, internal goals can be achieved.
The company anticipates that increased adoption of electronic customer verification service (eKYC) digital solutions, comprehensive portfolio reviews, and analytical products, as well as the influx of new customers, will be the driving force for growth in FY2024.
Management revealed that the appeal hearing date for the ongoing lawsuit is set for July 9.
Societe Generale Investment Bank research continues to be optimistic about the company as a leader...
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According to historical statistics, the U.S. stock market has outperformed Canadian and international stocks in every period stretching back 30 years. The vast, lucrative US stock market, accounting for 60% of the world's market cap, awaits Canadian investors eager to expand their horizons.
The Q1 earnings season for US stocks is in full swing. According to data compiled by Bloomberg, U.S. stock "Mag 7" profits are expecte...
The Q1 earnings season for US stocks is in full swing. According to data compiled by Bloomberg, U.S. stock "Mag 7" profits are expecte...
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In Friday's trading, the three major US stock indexes all closed down more than 1%. Among them, the Dow recorded its biggest weekly decline since the Bank of Silicon Valley went out of business, while the S&P 500 experienced its worst week in nearly five months. Among technology stocks, Apple rose against the market, with weekly gains of more than 4%, while the chip stock index plummeted by more than 3%, and Intel and AMD declined by more than 5% and 4%, respectively. Furthermore, J.P. Morgan Chase plummeted 6.5% after the earnings report was released, the biggest one-day decline in nearly four years.
Although the Pan-European stock index rebounded on Friday, it still closed down for two consecutive weeks, while the oil and gas sector bucked the trend and rose 2.5% to a new high since 2008. In the bond market, due to the escalation of geopolitical risks in the Middle East, the yield on US 10-year Treasury bonds fell 10 basis points from a nearly five-month high. Meanwhile, the dollar index hit a new five-month high, while the yen hit a new low since 1990 for three consecutive days.
The crude oil market rebounded against the backdrop of a tense situation in the Middle East, although it continued to decline throughout the week. U.S. crude oil prices once surged more than 3% in the intraday period, hitting a new high in nearly half a year, but then fell back. Gold fell sharply after successive intraday record highs. At one point, it fell 4% from its high level. In the cryptocurrency market, Bitcoin also experienced a wave of sharp fluctuations. At one point, it plummeted by more than $6,000 and fell below the $66,000 mark.
The Chinese market was also under pressure during the US stock period. The China Securities Index plummeted 4.6%. Among them, Xiaopeng Motor and NIO Auto plummeted by nearly 10% and 8%, respectively. The offshore renminbi also fell sharply in the intraday period, approaching 7...
Although the Pan-European stock index rebounded on Friday, it still closed down for two consecutive weeks, while the oil and gas sector bucked the trend and rose 2.5% to a new high since 2008. In the bond market, due to the escalation of geopolitical risks in the Middle East, the yield on US 10-year Treasury bonds fell 10 basis points from a nearly five-month high. Meanwhile, the dollar index hit a new five-month high, while the yen hit a new low since 1990 for three consecutive days.
The crude oil market rebounded against the backdrop of a tense situation in the Middle East, although it continued to decline throughout the week. U.S. crude oil prices once surged more than 3% in the intraday period, hitting a new high in nearly half a year, but then fell back. Gold fell sharply after successive intraday record highs. At one point, it fell 4% from its high level. In the cryptocurrency market, Bitcoin also experienced a wave of sharp fluctuations. At one point, it plummeted by more than $6,000 and fell below the $66,000 mark.
The Chinese market was also under pressure during the US stock period. The China Securities Index plummeted 4.6%. Among them, Xiaopeng Motor and NIO Auto plummeted by nearly 10% and 8%, respectively. The offshore renminbi also fell sharply in the intraday period, approaching 7...
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