latest news

latest news that cause why this morning go up so fast..

this is from an article from Sin Chew Daily newspaper

I use edge browser translation to English

as below

In the first half of the year, in addition to SMRT Holdings (SMRT, 0117, GEM Technology Group) fell 12%, the bank's technology field preferred stock ITMAX Systems (ITMAX, 5309, Main Board Technology Group) rose 43%, and other stocks with "buy" ratings such as Qianyan Technology Group (FRONTKN, 0128, Main Board Technology Group) rose 38%, INARI Meichang (INARI, 0166, Main Board Technology Group) rose 23%, and Aerospace Engineering (SAM, 9822). , Main Board Industrial Products & Services Group) rose 20%, leading the technology sector.

However, with the share price peaking at RM4.03 sen and an attractive return of 33%, INA has downgraded INARI Meichang from "Buy" to "Hold" with a target price of RM3.50.

ITMAX Systems (ITMAX, 5309, Main Board Technology):
Reiterates BUY rating and TP: RM4

●Bullish on the local smart city integrated system and solution provider, as orders and bids are solid and can support growth potential. And the company's business model is recession-resistant, sticky, and has a guaranteed recurrent income.

SMRT Holdings (SMRT, 0117, GEM Technology Group):
Maintain BUY, TP: RM2.28

● With National Energy (TENAGA, 5347, Main Board Utilities Group) and Indonesian power company Perusahaan Listrik Negara as customers, it is uniquely positioned to benefit from the Smart Grid Adoption Initiative through IoT in Southeast Asia. The recent foray into the Philippine market is also a strategic move; It can replicate the successful model of Malaysia and Indonesia and continue to expand into other countries.

Moreover, the system maintenance business can bring stable recurrent income. In addition, with the increasing number of data centres, the company will also benefit from the management of non-revenue water in Malaysia.

NOTION Group (NOTION, 0083, Main Board Technology Group):
Maintain "BUY" with a price target of RM3.28

● The company's quick turnaround and earnings growth rate is impressive. It was also boosted by the recovery of new product orders and consumer electronics demand for electronic manufacturing services (EMS); More aggressive investment in AI stimulates hard disk drive (HDD) accessory production; Trade tensions have led to the withdrawal of automotive customers from China, which is encouraged by three factors.