Today, Malaysian stocks easily broke through the 1,590 level. At noon trading, they had already risen to the 1,595 level. The whole office was excited, speculating whether they could break through 1,600 points when the market closed today.
After all, the last time I stood above 1,600 was on April 29, 2022, two years ago.
As to whether there will be a market correction tomorrow, BBBWealth financial planner Xiang Qingfa pointed out in an interview with “Nanyang Commercial Daily”: “The current trend of the comprehensive index has formed aStrong upward momentum. Based on the recent active trading sentiment in the market, and with the help of the return of foreign capital,Breaking through the 1,600 psychological level won't be a big challenge.”
It means that breaking through 1,600 points is not a dream; however, will it continue to rise after passing 1,600 points? He pointed out,1614 points is a strong resistance.
” After all, 1,614 points is also the level where the epidemic has plummeted. The funds of many retail investors are locked in this region, so it will become selling pressure, impacting the upward momentum of the composite index.
Are 1,600 points just a flash?? He pointed out that if the Composite Index's rise is blocked,It is estimated that it will enter a period of consolidation, but as long as the 1,575-point support level is maintained, the overall upward trend can still be maintained.
“I think even a consolidation in the composite index would benefit the overall trend, make the long-term gains healthier, and consolidate their sustainability.”
Looking out of nowhere? Composite Index Approaches 1600 Level (enanyang.my)

Today is the second day after $MYEG(0138.MY)$ showed a strong spike on last Friday, from day low RM0.805 to day high 0.925, hit its highest since Feb 2023 (more than a year high) with nearly 13% gains in a single trading day.
My thought will be this key question: can MYEG price extend its momentum today or correction after a strong spike? Referring to historical chart, there is a high potential that the share prices will retreat after a strong spike, so I wan...

$KAWAN(7216.MY)$
#KAWAN全年营业历史新高
#现金也GaoGao
China's consumer stocks have mostly entered a bottleneck period in the past few years due to lack of demographic dividend stimulus. However, in 2023, the turnover of some food consumer companies improved greatly through acquisitions and exports.
Among them, F&N, OFI, HUPSENG, ABLEGLOB, APOLLO, and KAWAN have record sales figures. With the exception of KAWAN, the stock prices of several other companies have broken through 52-week highs. The gradual decline in the price of raw materials is also the main reason for these companies' margin and profit growth.
KAWAN is a frozen food company that everyone is familiar with. In 23Q3, there was a one-time loss close to RM4 mile, including foreign exchange losses and inventory cancellation. Assuming deductions, Q4's profit YOY can grow by more than 30%.
KAWAN's total PAT over the past 3 years is RM100.9 mil, and the average annual PAT is RM33.6 mil. Due to abundant production capacity, the company's CAPEX was not high, and the company's cash reached a new high year after dividends were paid. Therefore, the company will continue to shareBuyBack in 2024 with RM22.9 mil Share BuyBack, which is equal to 76% PAT in 2023.
In the outlook, the company said 2...

$Tesla(TSLA.US)$ Quick summary:
- Elon announced an affordable model by early 2025 (possibly end 2024).
- Q1 profit, revenue, and margins drop way below forecasts.
- Global vehicle inventory increases to 28 days (from 15 days).
- TSLA rallied upon optimism on new models, despite an underwhelming quarter.
Tesla recently reported a significant 55% drop in Q1 profits and a 9% decline in revenue, and it caused mixed emotions within investors. However, during the earnin...

Whatever happens tonight with Tesla $Tesla(TSLA.US)$it's going to be wild because Tesla is the third most searched item on Bloomberg and Tesla Short Interest rose to its the highest since 2021.
Read below for more also watch my video on the Tesla scenarios.
- Market consensus sees EPS Adj' -39% YoY to 0.526.
- That's on expectation...

The US CPI data for March was unexpectedly high, which lowered investors' expectations for the Federal Reserve to cut interest rates in the short term. The March PCE price index, which is due to be released this Friday, is expected to remain high, which is expected to remain high, which reinforces the market's expectation that interest rate cuts will need to be patient. According to general market forecasts, the PCE index may rise slightly to 2.6% year on year in March due to rising energy costs.
In terms of economic growth, the market expects the annualized annualized value of the US GDP in the first quarter to increase by only 2% compared to the initial quarterly value, which is a sharp slowdown compared to 3.4% in the previous quarter. This shows that under the influence of continued high interest rates, the US economy is beginning to show signs of deceleration. Despite this, the US economy showed some resilience throughout the last year, mainly due to increased consumer spending and local government spending.
Judging from the policy outlook, Federal Reserve officials may need to re-evaluate strategies to combat inflation, because current data shows that progress in fighting inflation has stalled. This could mean that the Federal Reserve will need to keep interest rates high for longer than expected.
This week is also an important earnings week. Many corporate giants will announce their quarterly results, and the market will pay close attention to these reports to assess the health of the economy and all walks of life. These data and reports will have an important impact on market sentiment and policy expectations.
$SAP SE(SAP.US)$ $Cadence Bancorp(CADE.US)$ $Seagate Technology(STX.US)$ $Tesla(TSLA.US)$ $Spotify Technology(SPOT.US)$ $Texas Instruments(TXN.US)$ $Meta Platforms(META.US)$ $ServiceNow(NOW.US)$ $Boeing(BA.US)$ $Microsoft(MSFT.US)$ $Alphabet-A(GOOGL.US)$ $Western Digital(WDC.US)$ $Exxon Mobil(XOM.US)$
...

$DJT 250117 7.50P$
LETS GOOOO still made 7K on my puts because this DJTrash is on its way to the toilet.