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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 1,330.10, down 0.75%
● Trans Mountain seen delivering better prices for Canadian oil 'for years'
● Suncor earns $1.6B in first quarter, breaks all-time oilsands production record
● Shopify's stock slides 18% after company swings to quarterly loss
● Regulator...
● S&P/TSX 60 Index Standard Futures are trading at 1,330.10, down 0.75%
● Trans Mountain seen delivering better prices for Canadian oil 'for years'
● Suncor earns $1.6B in first quarter, breaks all-time oilsands production record
● Shopify's stock slides 18% after company swings to quarterly loss
● Regulator...
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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 FactSet statistics, 80% of companies in the S&P 500 index have released first-quarter earnings reports. Of these, about 77% of companies have exceeded expectations, surpassing the average of the past ten years by 74%, and the overall EPS annual growth rate is 5%. This is the quarter with the most significant profit growth since the second quarter of 2022. Over the past month, analysts raised their earnings expectations for the second quarter as a result. This was the first time since the third quarter of 2021, with the energy and telecom services sector making the biggest adjustments.
This week, many Fed officials will be speaking out intensively, including 2024 FOMC voting committee, Richmond Federal Reserve Chairman Barkin, permanent voting committee, New York Federal Reserve Chairman Williams, Federal Reserve Vice Chairman Jefferson, 2025 FOMC voting committee, Boston Federal Reserve Chairman Collins, Federal Reserve Governor Bowman, and Federal Reserve Governor Barr. The market will pay close attention to their remarks on interest rate cuts.
In terms of technology stocks, PLTR will announce the progress of its enterprise's AI deployment this Monday night, and on Wednesday night, it will focus on ARM, which has benefited from the AI wave and the recovery of the mobile phone market. Following the last increase in the annual guidelines, the stock price surged by more than 40%. Whether this season can still bring surprises. Uber's ride-hailing business momentum, profit growth, and progress in the advertising business are worth watching. At the same time, it is also necessary to observe whether SHOP, AFRM, and CPNG can take advantage of the recovery of the e-commerce market, as well as the prospects of the digital advertising market that TTD will provide. Additionally, Unity...
This week, many Fed officials will be speaking out intensively, including 2024 FOMC voting committee, Richmond Federal Reserve Chairman Barkin, permanent voting committee, New York Federal Reserve Chairman Williams, Federal Reserve Vice Chairman Jefferson, 2025 FOMC voting committee, Boston Federal Reserve Chairman Collins, Federal Reserve Governor Bowman, and Federal Reserve Governor Barr. The market will pay close attention to their remarks on interest rate cuts.
In terms of technology stocks, PLTR will announce the progress of its enterprise's AI deployment this Monday night, and on Wednesday night, it will focus on ARM, which has benefited from the AI wave and the recovery of the mobile phone market. Following the last increase in the annual guidelines, the stock price surged by more than 40%. Whether this season can still bring surprises. Uber's ride-hailing business momentum, profit growth, and progress in the advertising business are worth watching. At the same time, it is also necessary to observe whether SHOP, AFRM, and CPNG can take advantage of the recovery of the e-commerce market, as well as the prospects of the digital advertising market that TTD will provide. Additionally, Unity...
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I was a JC student from 2021-22 then an NSF from 2023-24. Thus, my small capital.
I started trading 6 months ago with little to no knowledge. I came in with the mindset of having a return of at least 5% a month, a rookie mistake. I began learning how to analyse a stock using Yahoo Finance, and I then consulted my mentor before I bought anything.
My trading method is very simple. Minimizing losses and taking advantage of the dips in the economy. Adam Khoo has also imparted...
I started trading 6 months ago with little to no knowledge. I came in with the mindset of having a return of at least 5% a month, a rookie mistake. I began learning how to analyse a stock using Yahoo Finance, and I then consulted my mentor before I bought anything.
My trading method is very simple. Minimizing losses and taking advantage of the dips in the economy. Adam Khoo has also imparted...
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Dear mooers,
Please be advised that the MSIA Stock Market will be closed on 1 May 2024 (Wed) for Workers' Day. Trading will resume on 2 May 2024 (Thur).
Share your market holiday routine in the comments below and earn points.
*Every mooer who shares before 11:59 PM 4 May 2024 (Sat), will earn 10 points.
Let’s make these off-market days count. Get ready to share and enjoy your market break.
Please be advised that the MSIA Stock Market will be closed on 1 May 2024 (Wed) for Workers' Day. Trading will resume on 2 May 2024 (Thur).
Share your market holiday routine in the comments below and earn points.
*Every mooer who shares before 11:59 PM 4 May 2024 (Sat), will earn 10 points.
Let’s make these off-market days count. Get ready to share and enjoy your market break.
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ADB AUTOCOUNT E-Invoice rose strongly, pullback buying rose!! [CC ENGLISH SUBTITLES ENG SUB]
$ADB(0276.MY$
ADB AUTOCOUNT E-Invoice rose strongly, pullback buying rose!! [CC ENGLISH SUBTITLES ENG SUB]
$ADB(0276.MY$
ADB AUTOCOUNT E-Invoice rose strongly, pullback buying rose!! [CC ENGLISH SUBTITLES ENG SUB]
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I missed this rocket $PIE(7095.MY$ , which its share prices jumped from around RM3.80 level to highest near RM6 level, more than 50% gains in just these 2 days!
Quoted from Theedge news: "PIE Industrial extends rally to new all-time high as Kenanga flags new client", a very strong catalyst to the company performance
$PIE(7095.MY$ Daily Chart
From recent low Nov 2022, PIE saw a steady bullish trend, which green candlesticks more than the red, signaled buyer ...
Quoted from Theedge news: "PIE Industrial extends rally to new all-time high as Kenanga flags new client", a very strong catalyst to the company performance
$PIE(7095.MY$ Daily Chart
From recent low Nov 2022, PIE saw a steady bullish trend, which green candlesticks more than the red, signaled buyer ...
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With recent turbulent changes on the world stage, it is difficult to predict what may happen. Conflict in the Middle East continues to escalate, while the Horn of Africa faces severe humanitarian crises. The resurgence of left-wing politics in Latin America is met with right-wing opposition, and economic and security challenges in Asia present a shifting landscape. The ongoing conflict between Russia and Ukraine remains unresolve...
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