$SCABLE(5170.MY)$
PN17's Sarawak Cable (SCABLE, 5170, Motherboard Industrial Co., Ltd.) was unable to reach an agreement with White Samurai, and the rescue plan came to an end. The stock price once fell by nearly 26%, but at the end of the day it ushered in a major reversal, rising 3.23%.
Perhaps investors are happy to see the agreement come to an end, which may attract better white warriors and cause everyone to enter the tray.
Or maybe large investors intend to sell off stocks and buy large sums of money at the end of the day to get out of the way. This is unknown.
The company announced yesterday on the Malaysian Exchange that it was unable to agree with White Warrior Serendib Capital on the exclusive corporate relationship stipulated by the two parties at the end of 2023.
Earlier, Sarawak Cable confirmed that the British investment agency Serendib Capital will be the white samurai to save the company and inject RM250 million to get the company back on track.
The news of the rescue once caused the stock to soar to a maximum of 48 cents, but since then, amid intense fluctuations, the stock price has already slipped.
Source: Nanyang Siang Pao
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May Arbitrage Exit Spell Expired? Summarize the brave move towards 1610 points
Report: @Jungle lee
Investors are currently filled with excitement, not only driving up the trend of Malaysian stocks, but also driving the FTSE Composite Index $FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$ Does breaking through 1,600 points mean that the “sell in May and go away” (sell in May and go away) spell is no longer suitable to be applied to horse stocks?
“May arbitrage leaves the market” is actually a common phrase on Wall Street in the US, because all major US companies will announce their performance during the April period, and specific economic data will also be released during that period, and investors may make profits one after another and leave the market, which in turn puts selling pressure on the stock market.
Incidentally, in the Oriental Stock Market, there is also a saying “the five poor, six, seven out of seven.”
Although the East and West have different understandings about when the market will resume its bull market — the East thinks it can turn around in July, while the West thinks it will be necessary to wait until after Halloween (that is, November); one thing the two sides have in common is that the bear market began in May.
However, if you look at the current trend, that is, the four-day trading day starting May 2 was a situation where Malaysian stocks soared sharply. It seems that the relevant proverb cannot be applied to the trend of Malaysian stocks in May this year.
Judging from today's trend, the composite index was at the level of 1,600 points at the beginning, and now it has taken a leap forward. 1...

$YTL(4677.MY)$ & $YTLPOWR(6742.MY)$ both companies hit another record high yesterday. Both companies are also among the top gainers of KLCI component stocks since YTD. On top of strong fundamental base, I dig into their charting to identify where is the next resistance level, and is there any potential short term correction signal for me to enter at cheaper price.
$YTL(4677.MY)$ Daily Chart
There is a strong support from buyers as (1) multiple higher...

Due to repeated optimism from brokerage firms, Yang Zhongli's institutional stock price has broken a new high
$YTL(4677.MY)$Driven by its three major businesses, utilities, construction, and ash, analysts are optimistic that its stock price still has plenty of room to rise, and the reasonable price has been raised sharply to RM3.33.
Following the release of Hong Leong Investment Bank's optimistic report, Yang Zhongli's agency received incentives today and its stock price broke a new high. The stock price rose 6 cents or 2.21% throughout the day, and the closing report was RM2.77.
An analyst at Fenglong Investment Bank pointed out that Yang Zhongli's three major businesses are $YTLPOWR(6742.MY)$Mainly utilities, as well as construction and ash, are important drivers of its strong profit potential.
“In particular, Yang Zhongli Electric Power, Yang Zhongli's agency will rely heavily on this 55.6% subsidiary to achieve outstanding results.”
Yang Zhongli's electricity is still strong
He said that Yang Zhongli Electric Power delivered strong profit performance in the past few quarters, thanks to the contribution of Singaporean subsidiary SerayaPower.
“SerayaPower and the Jordanian affiliate Attarat power plant are expected to maintain a steady profit contribution.”
Meanwhile, analysts said that its British water subsidiary, WessexWater, is expected to turn a loss into a profit starting at the end of the current fiscal year, which will further boost the future profit performance of Yang Zhongli's utilities.
The newly emerging data center business is also viewed by analysts as one of Yang Zhongli's future growth drivers.
“500 megawatts...

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