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$Crude Palm Oil Futures(JUL4)(FCPOmain.MY$
After five consecutive months of decline, Malaysian palm oil reserves unexpectedly rose in April, 1.9% month-on-month to 1.74 million tons.
According to data released by the Malaysian Palm Oil Authority (MPOB) today, the country's palm oil inventory in April was 1.74 million tons, exceeding the forecast value of the survey conducted by Bloomberg last week.
Earlier, according to a Bloomberg survey, the market expected palm oil inventories to fall to 1.63 million tons in April, hitting the lowest level in the past year.
The reason palm oil inventories were higher than expected was that production in the same month exceeded expectations and exports fell.
Domestic palm oil production in April rose 7.9% monthly to 1.5 million tons, higher than market expectations of 1.45 million tons; while palm oil exports fell 7% month-on-month to 1.23 million tons, and the market forecast was 1.21 million tons.
Anil Guma, head of research at Sunvin Group in Mumbai, India, told Bloomberg that the latest data is slightly unfavorable. Both inventory and production are rising, but the market has already reacted to this.
“The price of palm oil has declined recently.”
Anil Guma also pointed out that if the price of palm oil falls below the level of RM3,690 per ton, it may attract some buyers to take advantage of the low absorption. In particular, stocks in major producers such as Indonesia, Malaysia, and Thailand are all relatively low, and China may replenish their inventories.
Before the data was released this afternoon, the Malaysian Exchange's benchmark crude palm oil futures (FCPO) fell for 3 consecutive days to per ton...
After five consecutive months of decline, Malaysian palm oil reserves unexpectedly rose in April, 1.9% month-on-month to 1.74 million tons.
According to data released by the Malaysian Palm Oil Authority (MPOB) today, the country's palm oil inventory in April was 1.74 million tons, exceeding the forecast value of the survey conducted by Bloomberg last week.
Earlier, according to a Bloomberg survey, the market expected palm oil inventories to fall to 1.63 million tons in April, hitting the lowest level in the past year.
The reason palm oil inventories were higher than expected was that production in the same month exceeded expectations and exports fell.
Domestic palm oil production in April rose 7.9% monthly to 1.5 million tons, higher than market expectations of 1.45 million tons; while palm oil exports fell 7% month-on-month to 1.23 million tons, and the market forecast was 1.21 million tons.
Anil Guma, head of research at Sunvin Group in Mumbai, India, told Bloomberg that the latest data is slightly unfavorable. Both inventory and production are rising, but the market has already reacted to this.
“The price of palm oil has declined recently.”
Anil Guma also pointed out that if the price of palm oil falls below the level of RM3,690 per ton, it may attract some buyers to take advantage of the low absorption. In particular, stocks in major producers such as Indonesia, Malaysia, and Thailand are all relatively low, and China may replenish their inventories.
Before the data was released this afternoon, the Malaysian Exchange's benchmark crude palm oil futures (FCPO) fell for 3 consecutive days to per ton...
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Results came out one after another, Malaysia National Re rose and stopped, and Du Fu fell
Q4 net profit reached a record high, and Malaysian National Reinsurance rose and fell
Insurance revenue soared, Malaysian National Reinsurance $MNRB(6459.MY$ At the end of fiscal year 2024, net profit was reported at RM232,631,000, a year-on-year increase of 1.45 times, a record high.
After the announcement of the results, the stock immediately jumped higher in midday trading, hitting a rising and closing market level, rising 30% or 54 cents to RM2.34, setting a 52-week high.
When the market closed, the stock closed at RM2.32, up 52 cents or 28.9%, making it the highest rising stock today.
Net profit plummeted 60%, and Du Fu Technology took back recent gains
Another Dufu Technology, which also announced results today $DUFU(7233.MY$ Net profit for the first quarter of fiscal year 2024 fell to RM4.255,000, a sharp drop of 59.3% year-on-year, due to the decline in hard disk drive-related revenue.
The company reported revenue of RM57.859,000 for the first quarter ending the end of March, a year-on-year decrease of 22%.
The stock had a heavy decline in midday trading. At one point, it fell nearly 6%. When the market closed, the stock closed at RM2.20, a drop of 11 cents, or 4.8%.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Be sure to exercise your own independence before making any investment decisions...
Q4 net profit reached a record high, and Malaysian National Reinsurance rose and fell
Insurance revenue soared, Malaysian National Reinsurance $MNRB(6459.MY$ At the end of fiscal year 2024, net profit was reported at RM232,631,000, a year-on-year increase of 1.45 times, a record high.
After the announcement of the results, the stock immediately jumped higher in midday trading, hitting a rising and closing market level, rising 30% or 54 cents to RM2.34, setting a 52-week high.
When the market closed, the stock closed at RM2.32, up 52 cents or 28.9%, making it the highest rising stock today.
Net profit plummeted 60%, and Du Fu Technology took back recent gains
Another Dufu Technology, which also announced results today $DUFU(7233.MY$ Net profit for the first quarter of fiscal year 2024 fell to RM4.255,000, a sharp drop of 59.3% year-on-year, due to the decline in hard disk drive-related revenue.
The company reported revenue of RM57.859,000 for the first quarter ending the end of March, a year-on-year decrease of 22%.
The stock had a heavy decline in midday trading. At one point, it fell nearly 6%. When the market closed, the stock closed at RM2.20, a drop of 11 cents, or 4.8%.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Be sure to exercise your own independence before making any investment decisions...
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Analysts are optimistic about data center potential Yang Zhongli Electricity is worth RM6.25
Yang Zhongli Electric Power $YTLPOWR(6742.MY$ The rise is amazing, like the “Malaysian version of Nvidia” $NVIDIA(NVDA.US$ Investment banks have updated their target prices one after another. Among them, the Malaysian Investment Bank is the most aggressive, offering a target price of RM6.25.
This is the highest target price currently given by the analytical community, compared to the stock's market price of about RM4.90, which means there is still room for growth of 27.5%.
Looking back at Yang Zhongli Electric Power's stock price performance, the stock began to rise in March of last year and has risen 94.49% since the beginning of the year.
In a report today, the analyst re-included the potential revenue of the data center in the summed up valuation method (SOP). Previously, the analyst only used the net asset value of the data center, which could not truly reflect the company's true profit level.
“After taking into account the Sentul data center (5 MW) and the non-AI Johor data center (8 MW), we will increase our net profit for fiscal year 2025 by 1%.”
The analysts also raised the net profit forecast for the 2026 fiscal year by 27% to reflect the revenue brought by the Johor No. 1 data center in the AI field. The analysts also took into account that Singapore Donghai Group may use another 8 MW data center.
Analysts believe that the 2026 fiscal year will better reflect the potential profits of data centers. The 100 megawatt data center is expected to start operation by the end of 2024...
Yang Zhongli Electric Power $YTLPOWR(6742.MY$ The rise is amazing, like the “Malaysian version of Nvidia” $NVIDIA(NVDA.US$ Investment banks have updated their target prices one after another. Among them, the Malaysian Investment Bank is the most aggressive, offering a target price of RM6.25.
This is the highest target price currently given by the analytical community, compared to the stock's market price of about RM4.90, which means there is still room for growth of 27.5%.
Looking back at Yang Zhongli Electric Power's stock price performance, the stock began to rise in March of last year and has risen 94.49% since the beginning of the year.
In a report today, the analyst re-included the potential revenue of the data center in the summed up valuation method (SOP). Previously, the analyst only used the net asset value of the data center, which could not truly reflect the company's true profit level.
“After taking into account the Sentul data center (5 MW) and the non-AI Johor data center (8 MW), we will increase our net profit for fiscal year 2025 by 1%.”
The analysts also raised the net profit forecast for the 2026 fiscal year by 27% to reflect the revenue brought by the Johor No. 1 data center in the AI field. The analysts also took into account that Singapore Donghai Group may use another 8 MW data center.
Analysts believe that the 2026 fiscal year will better reflect the potential profits of data centers. The 100 megawatt data center is expected to start operation by the end of 2024...
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The Air Force is out again! Malaysian Glove Stocks TOPGLOV HARTA KOSSAN SUPERMX Net Short Positions. [CC ENGLISH SUBTITLES ENG SUB].
$TOPGLOV(7113.MY$ $HARTA(5168.MY$ $KOSSAN(7153.MY$ $SUPERMX(7106.MY$
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$TOPGLOV(7113.MY$ $HARTA(5168.MY$ $KOSSAN(7153.MY$ $SUPERMX(7106.MY$
The Air Force is out again! Malaysian Glove Stocks TOPGLOV HARTA KOSSAN SUPERMX Net Short Positions. [CC ENGLISH SUBTITLES ENG SUB].
====
Click https://j.moomoo.com/00JovR
Refill https://forms.gle/mELpDxWkPfT8BTqo9
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Seems like sharing daily P/L can bring good luck...
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Hello everyone and welcome back to moomoo. I'm options explorer.
In the upcoming weeks, we are going to see a flurry of earnings reports in the U.S. stock market, including notable appearances from companies like $Coca-Cola(KO.US$, $Apple(AAPL.US$,and $Amazon(AMZN.US$.
After a company's earnings report, stock prices often experience high volatility.
For options traders, volatility often presents opportunities; hig...
In the upcoming weeks, we are going to see a flurry of earnings reports in the U.S. stock market, including notable appearances from companies like $Coca-Cola(KO.US$, $Apple(AAPL.US$,and $Amazon(AMZN.US$.
After a company's earnings report, stock prices often experience high volatility.
For options traders, volatility often presents opportunities; hig...
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Good morning mooers! Here are things you need to know about today's market:
● S&P/TSX 60 Index Standard Futures are trading at 1,340.20, down 0.04%.
● Faulty inflation forecasts hold Bank of Canada back on rate cuts
● Oil market tightness, geopolitical uncertainty to prevent further price slides, Commerzbank says
● Dave McKay: failure to lower housing costs could ...
● S&P/TSX 60 Index Standard Futures are trading at 1,340.20, down 0.04%.
● Faulty inflation forecasts hold Bank of Canada back on rate cuts
● Oil market tightness, geopolitical uncertainty to prevent further price slides, Commerzbank says
● Dave McKay: failure to lower housing costs could ...
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