$SCABLE(5170.MY)$
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
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. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.

Although heavyweight blue-chip stocks face some selling pressure, they are being dragged down $FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$The Composite Index showed a situation where it was unable to continue to rise, but it remained unchanged at 1,600 points.
In contrast, the field of medicine and health care presents a different landscape. Among them, the most outstanding performance is the top gloves $TOPGLOV(7113.MY)$The stock price rose to nearly 4%, reaching a maximum of 93.5 cents.
Of course, the popularity of stock price trading may be related to the Civil Service Pension Fund Board (KWAP). From the original withdrawal from the ranks of majority shareholders, that is, the shareholding ratio was only 1.22% on October 6, 2022, it has now returned to 5%.
As for other glove stocks, they also recorded good gains.
$HARTA(5168.MY)$
$KOSSAN(7153.MY)$
$SUPERMX(7106.MY)$
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. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.

Hey mooers! We have held a Share Your Today's Profit/Loss (April Challenge). Many mooers participated in this activity and shared their P/L and trading experience. Thank you for your active participation！
👏 Without further ado, it's time to announce the winners for April.
💬 Don't be shy, leave a congratulatory message for the winning users in the comment section!
👏 Congratulations to the following mooers for winning 50...

Dowside VCP pattern  ready to break two years consolidation.
$NONGFU SPRING(09633.HK)$

$MAGNI(7087.MY)$
#钱多到没地方花不如派发特别股息
Many Malaysian stock companies need to raise capital such as Right Issue and Private Placement to obtain capital due to lack of capital to operate. However, there are also a few dozen companies. The happy problem is that they have no place to spend money, and MAGNI is one of them. 0 loans and cash levels have broken through the RM471 mil mark.
MAGNI's stock price broke through a 52-week high due to outstanding performance in the latest quarter. Observing that NIKE's performance outlook for December last year was not as good as expected, I thought MAGNI would also be affected. As a result, the March results were amazing. Most likely because this year is the Paris Olympics, so there is an Olympic event every 4 years. As earnings grow, the dividend for FY2024 is expected to be between 11 and 13 points. However, the author still feels that MAGNI could go a bit bigger and distribute a special dividend of 5-10 points to shareholders. The stock price trend may be similar to HLIND and APOLLO.
Overall, NIKE's outlook for March is that FY24's turnover is expected to increase by 1%, mainly due to the slowdown in the Chinese market. The annual profit of FY24's MAGNI is expected to be a 3-year high. Since the 24 base is relatively high, the FY25 growth rate may be a single-digit% as a reference according to NIKE's guidelines.
Today's MagBi doesn't need to do much CAPE...

Today I wanna try to read a different asset class, the $Bitcoin(BTC.CC)$ in a naked chart as I found a potential bearish reversal pattern in making
During post covid, bitcoin reached its peak on Nov 2021, followed by around 1 year bearish trend till the bottom during Nov 2022. A strong bullish trend began since then, from around 15000 level to above 70000 this year, wrote a nearly 400% gains just within 2 years!
$Bitcoin(BTC.CC)$ Daily Chart
From the dail...