$Crude Palm Oil Futures(JUL4)(FCPOmain.MY)$
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...

Lianxi Holdings' stock price reached a new high this morning. At one point, it surged nearly 20%
Lianxi Holdings (RANHILL, 5272, Main Board Utilities) $RANHILL(5272.MY)$The stock price surged nearly 20% this morning, and once climbed to RM1.42, a new record high.
$RANHILL(5272.MY)$
When the market closed at 12:30 p.m., the stock was reported at RM1.40, surging 17.65% or 21 cents, with a trading volume of 26.803,900 shares.
The stock price of Lianxi Holdings has soared 56% so far this year.
$RANHILL(5272.MY)$
Lianxi Holdings just announced stock dividends last week. Shareholders will receive 0.5 shares as dividends for every 100 shares they hold.
Looking back at the beginning of November last year, Yang Zhongli Electric Power $YTLPOWR(6742.MY)$Lien Xi Holdings acquired 18.87% of its shares and emerged as a major shareholder.
Source: Nanyang Siang Pao
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$SoFi Technologies(SOFI.US)$
The Original Fintech Bank
Sofi was one of the first fintech companies to gain a federal banking charter, essentially making it as much of a bank as the big guys like JP Morgan Chase and Wells Fargo. This puts Sofi a step ahead of its fintech counterparts. It is more than just an internet bank as they offer federaly insured financial products just like regular banks. With solid fundamentals like this, why has the stock performed so poorly?
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$Tesla(TSLA.US)$
Whatever the price is during intraday before earnings are release; actually does not matter. Stay away. And may everyone makes money. Will see how the day plays out post market.

$Tesla(TSLA.US)$ Elon Musk has announced that Tesla will lay off over 10% of its global workforce due to overlaps in job roles and functions as the company has expanded rapidly, communicated through an internal memo. As of December 2023, Tesla had 140,473 employees.
Affected employees received emails in their personal accounts late Sunday night, informing them that they were no longer required to work and would be cut off from accessing Tesla’s systems...