Weekly Sharing #July 1
🇺🇸US Stock Market Review: 24 - 28 June 2024
- $Dow Jones Industrial Average (.DJI.US)$ Closed at 39,118.86, a decrease of 0.12% for the week, reflecting a drop of 45.20 points
- $NASDAQ (NASDAQ.US)$ Ended the week at 17,732.60, down by 0.71%, or 126.081 points
- $S&P 500 Index (.SPX.US)$ The index finished at 5,460.48, showing a decrease of 0.41% or 22.39 points for the week
Key Sector Performance:
- Semiconductors (+5.89%): The Semiconductor sector continued its strong performance, driven by ongoing demand for advanced chips and significant investments in technology infrastructure. AI advancements and the expansion of data centers remain key factors fueling investor optimism in this sector.
- Software (+4.12%): The Software sector performed robustly, supported by consistent demand for software solutions and services. Growth in cloud computing, cybersecurity, and enterprise software sectors contributed to this sector’s positive performance.
- Metals (+4.35%): This sector saw gains due to higher commodity prices and increased industrial demand. The global economic recovery and rising construction activities boosted the demand for metals, leading to higher stock prices in this sector.
- Semiconductors (+5.89%): The Semiconductor sector continued its strong performance, driven by ongoing demand for advanced chips and significant investments in technology infrastructure. AI advancements and the expansion of data centers remain key factors fueling investor optimism in this sector.
- Software (+4.12%): The Software sector performed robustly, supported by consistent demand for software solutions and services. Growth in cloud computing, cybersecurity, and enterprise software sectors contributed to this sector’s positive performance.
- Metals (+4.35%): This sector saw gains due to higher commodity prices and increased industrial demand. The global economic recovery and rising construction activities boosted the demand for metals, leading to higher stock prices in this sector.
Major Developments:
The market exhibited resilience amid mixed economic data. Positive corporate earnings and expectations of stable interest rates bolstered investor sentiment.
The technolocy sector outperformed, driven by substantial gains in AI and semiconductor stocks, buoyed by favorable earnings reports and new product launches.
The healthcare sector also experienced a strong week, driven by positive regulatory news and robust earnings reports.
Despite minor declines in major indices, key sectors showed significant growth, reflecting underlying market strength.
The market exhibited resilience amid mixed economic data. Positive corporate earnings and expectations of stable interest rates bolstered investor sentiment.
The technolocy sector outperformed, driven by substantial gains in AI and semiconductor stocks, buoyed by favorable earnings reports and new product launches.
The healthcare sector also experienced a strong week, driven by positive regulatory news and robust earnings reports.
Despite minor declines in major indices, key sectors showed significant growth, reflecting underlying market strength.
Event to Watch: 1 July - US Manfuacturing PMI, 3 July - US Initial Jobless Claim - US Curde Oil Inventories, 5 July - US Unemployment Rate
🇲🇾MY Stock Market Review 24 - 28 June 2024
- $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ Improved slightly, closing at 1,5909.09, up by 0.32% with an increase of 5.15 points Buying interest is expected to persist in the utilities and telecommunaction and media sectors. We also favor stocks in Construction, Property, and Utilities due to increased local data center investments by MNCs.
Key Sector Performance:
- Technology (+1.5%): The Technnology sector experienced moderate growth due to the increasing demand for tech services and products. Innovations in AI and positive earnings reports from key players likely boosted investor confidence.
- Telecommuncations (+0.7%): Telecom sector showed slight gains, driven by the ongoing expansion in 5G networks and increased usage of communication services. Investor interest was supported by stable revenue growth from major companies.
- Financials (+0.22%): Financial sector saw modest growth. Positive earnings from banks and financial institutions, alongside stable economic indicators, contributed to the sector performance.
- Technology (+1.5%): The Technnology sector experienced moderate growth due to the increasing demand for tech services and products. Innovations in AI and positive earnings reports from key players likely boosted investor confidence.
- Telecommuncations (+0.7%): Telecom sector showed slight gains, driven by the ongoing expansion in 5G networks and increased usage of communication services. Investor interest was supported by stable revenue growth from major companies.
- Financials (+0.22%): Financial sector saw modest growth. Positive earnings from banks and financial institutions, alongside stable economic indicators, contributed to the sector performance.
Major Developments: The Malaysian markets remained relatively calm throughout the week, with no major disruptions significantly affecting the overall trading environment. Positive sentiment was bolstered by stable economic indicators and corporate earnings reports. Increased local data centre investments by MNCs supported the performance of Construction, Property and Utilities Sectors. The ongoing expansion of IT infrastructure and advancements in medical technology contributed to the robust performance of the Hardware and Medical sectors, respectively.
Price Trend
Gamuda Bhd’s stock has demonstrated significant growth, reflecting strong investor confidence. The stock price has seen a year-to-date increase of approximately 48.76%, supported by robust financial performance and strategic project wins both domestically and internationally
Gamuda Bhd’s stock has demonstrated significant growth, reflecting strong investor confidence. The stock price has seen a year-to-date increase of approximately 48.76%, supported by robust financial performance and strategic project wins both domestically and internationally
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Company Profile
Gamuda Bhd is a leading construction and engineering company based in Malaysia, involved in infrastructure development, property development, and the management of water and expressway concessions. The company has a diverse portfolio of projects, with significant operations in Malaysia, Australia, and other regions
Latest Earnings
Gamuda reported a net profit increase of 19% for the six months ending January 31, 2024, compared to the previous year. The company’s revenue nearly doubled to RM6.2 billion, driven by strong contributions from overseas projects, which now account for 76% of total revenue.
Gamuda Bhd is a leading construction and engineering company based in Malaysia, involved in infrastructure development, property development, and the management of water and expressway concessions. The company has a diverse portfolio of projects, with significant operations in Malaysia, Australia, and other regions
Latest Earnings
Gamuda reported a net profit increase of 19% for the six months ending January 31, 2024, compared to the previous year. The company’s revenue nearly doubled to RM6.2 billion, driven by strong contributions from overseas projects, which now account for 76% of total revenue.
Recent Development
Gamuda has recently secured new contracts worth MYR2.2 billion for data center jobs, including significant projects at Elmina Business Park. Additionally, the company continues to expand its footprint in Australia with key projects like the Suburban Rail Loop East tunneling package
Gamuda has recently secured new contracts worth MYR2.2 billion for data center jobs, including significant projects at Elmina Business Park. Additionally, the company continues to expand its footprint in Australia with key projects like the Suburban Rail Loop East tunneling package
Technical Analysis
- Moving Averages: The stock is currently trading above its 50-day and 200-day moving averages, indicating a bullish trend.
- Volume: Trading volume has been increasing, which supports the bullish trend. High volume on up days compared to down days indicates strong buying interest.
- Moving Averages: The stock is currently trading above its 50-day and 200-day moving averages, indicating a bullish trend.
- Volume: Trading volume has been increasing, which supports the bullish trend. High volume on up days compared to down days indicates strong buying interest.
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Factors to Watch
Opportunities:
- New Contract Wins: Continued success in securing high-value contracts in both domestic and international markets.
- Property Market Growth: Enhanced traction in property markets, particularly in projects like Horizon Hills in Vietnam.
Risks:
- Job Replenishment Trends: Potential slower-than-expected job replenishment could impact future earnings.
- Overhead Costs: Managing overhead costs for international projects remains a challenge.
Conclusion
$GAMUDA (5398.MY)$ shows promising growth potential supported by strategic project acquisitions, robust financial performance, and expansion into new markets. The technical analysis indicates a bullish trend with opportunities for further gains. Investors should monitor new contract wins and the overall economic environment to gauge future performance.
And for today‘s hands-on video, i will introduce you “How to trade fractional shares”, check out the video below👇
Video Disclaimer
This video is provided for informational purposes only. No content in the video shall be considered a recommendation or solicitation for the purchase or sale of financial products. Moomoo MY does not provide financial advice. Please assess your risks and consult your financial adviser.
This video is provided for informational purposes only. No content in the video shall be considered a recommendation or solicitation for the purchase or sale of financial products. Moomoo MY does not provide financial advice. Please assess your risks and consult your financial adviser.
In the end, I will share more market trends and investment knowledge in the official Learning group organized by the moomoo Education Team @Invest With Cici Everyone is welcome to join!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Moomoo Malaysia Dealer
Over 5 years in stock market managing institutional and retail clients. Skilled in Technical and fundamental.
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