$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ When Anhua said that the stock market would reach 1700 points by the end of this year, I told the people around me that even staying at 1600 would be considered a miracle. As a result, the Anhua believers around me kept saying that what he said would definitely come true. Now, there is only one month left, and all I want to say is please prove me wrong quickly, really.![]()
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$LWSABAH (5328.MY)$ Has anyone received the notification?
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$Direxion Daily FTSE China Bear 3X Shares ETF (YANG.US)$ In the past twenty years, all the leeks who believed in Chinese policies have died. Of course, many people think they can run fast enough.
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Hi mooers! ![]()
The Federal Reserve is scheduled hold FOMC meeting and press conference on November 7. This is crucial for the future trajectory of the U.S. and global economy.
The Commerce Department's personal consumption expenditures (PCE) price index, closely watched by the Federal Reserve, increased 0.2% month-over-month in September. Excluding food and energy, the September PCE price index rose 0.3% MoM and 2.7% YoY. On ...
The Federal Reserve is scheduled hold FOMC meeting and press conference on November 7. This is crucial for the future trajectory of the U.S. and global economy.
The Commerce Department's personal consumption expenditures (PCE) price index, closely watched by the Federal Reserve, increased 0.2% month-over-month in September. Excluding food and energy, the September PCE price index rose 0.3% MoM and 2.7% YoY. On ...
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Hi mooers! ![]()
$Super Micro Computer (SMCI.US)$ is releasing its Q1 FY2025 earnings on November 5 after the bell. Unlock insights with SMCI Earnings Hub>>
On October 30, SMCI's audit firm EY resigned during their review, citing concerns about the company's governance and transparency. $Super Micro Computer (SMCI.US)$ 's share price dropped over 30% on that day. Do you expect any comment from SMCI's management? Subscribe to @Moo Live a...
$Super Micro Computer (SMCI.US)$ is releasing its Q1 FY2025 earnings on November 5 after the bell. Unlock insights with SMCI Earnings Hub>>
On October 30, SMCI's audit firm EY resigned during their review, citing concerns about the company's governance and transparency. $Super Micro Computer (SMCI.US)$ 's share price dropped over 30% on that day. Do you expect any comment from SMCI's management? Subscribe to @Moo Live a...
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Hi mooers!![]()
$Meta Platforms (META.US)$ and $Microsoft (MSFT.US)$ are both scheduled to release their last quarter earnings on October 30 after bell.
This year, both companies have seen their share prices reach historical high. As two members of the Mag 7 group, the two companies have invested heavily on AI technology in the fast two years.
Want to compare their performances? Check out the Stock Compare feature on Moomoo!
For the introducti...
$Meta Platforms (META.US)$ and $Microsoft (MSFT.US)$ are both scheduled to release their last quarter earnings on October 30 after bell.
This year, both companies have seen their share prices reach historical high. As two members of the Mag 7 group, the two companies have invested heavily on AI technology in the fast two years.
Want to compare their performances? Check out the Stock Compare feature on Moomoo!
For the introducti...
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$Apple (AAPL.US)$ options market signals investors and speculators are divided over whether iPhone 16 could spark a massive upgrade cycle that may accelerate the company's revenue growth.
Unusual activities in the Apple stock options market showed three bearish positions and two bullish ones just before noon in New York Monday. The bearish trades were posted even as the stock headed for a closing record high.
The bigge...
Unusual activities in the Apple stock options market showed three bearish positions and two bullish ones just before noon in New York Monday. The bearish trades were posted even as the stock headed for a closing record high.
The bigge...
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1. The government is afraid to reinstate GST, fearing to be embarrassed by their previous criticism of GST. Insisting that a minimum salary of 3-4000 is necessary before implementing it is all nonsense. It is clear that allowances can be given to B40 to offset GST, and GST can also generate revenue from foreign visitors and foreign labor. Now, with SST in place, there is no guarantee of revenue from foreign nationals. Additionally, with GST in place, there would be no need for e-invoices. Not reinstating GST has made everyone so busy, needing to handle additional tasks. If SST is truly beneficial, why do many other countries use GST instead of SST?
2. Imposing EPF contributions on foreign labor, perhaps the Prime Minister thinks there is too much government funding and wants to do charity work. Our neighboring Singapore used to require CPF contributions from foreign laborers, but they made a U-turn after implementing it for a few years, and recently they are even closing accounts of foreign workers. Some may not see the EPF contribution for foreign labor as a big issue, but companies need to set aside an additional 13% of foreign labor salaries for EPF, ultimately passing this expense on to consumers. EPF also incurs annual interest, making it an uneconomical decision.
3. Minimum monthly wage of 1700, this policy is like treating a headache with a headache pill and a foot ache with a foot ointment. The fundamental issue is not insufficient wages, but the current chaotic market prices that need addressing at the source. This leads to rising costs, ultimately affecting consumers as well.
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2. Imposing EPF contributions on foreign labor, perhaps the Prime Minister thinks there is too much government funding and wants to do charity work. Our neighboring Singapore used to require CPF contributions from foreign laborers, but they made a U-turn after implementing it for a few years, and recently they are even closing accounts of foreign workers. Some may not see the EPF contribution for foreign labor as a big issue, but companies need to set aside an additional 13% of foreign labor salaries for EPF, ultimately passing this expense on to consumers. EPF also incurs annual interest, making it an uneconomical decision.
3. Minimum monthly wage of 1700, this policy is like treating a headache with a headache pill and a foot ache with a foot ointment. The fundamental issue is not insufficient wages, but the current chaotic market prices that need addressing at the source. This leads to rising costs, ultimately affecting consumers as well.
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Many fields are expected to be very miserable next year, due to low wages of RM1700 + EPF for foreign labor.![]()
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