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Hi mooers!
OFS is about to start trading officially, what's your take on this?![]()
Ocean Fresh (OFS), engaged primarily in the processing and trading of frozen seafood products, provides frozen seafood processing services for customers from Malaysia, Turkey, China, Thailand, Vietnam, and Japan, among others. In this upcoming listing, they aim to raise funds to improve infrastructure and expand their export of frozen seafood products to the inte...
OFS is about to start trading officially, what's your take on this?
Ocean Fresh (OFS), engaged primarily in the processing and trading of frozen seafood products, provides frozen seafood processing services for customers from Malaysia, Turkey, China, Thailand, Vietnam, and Japan, among others. In this upcoming listing, they aim to raise funds to improve infrastructure and expand their export of frozen seafood products to the inte...
![OFS to Launch: Predict Opening Day Price Fluctuations](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240702/1719906863856-155973ad0f.png/thumb?area=104&is_public=true)
![OFS to Launch: Predict Opening Day Price Fluctuations](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240702/1719906969787-7ed40ff548.png/thumb?area=104&is_public=true)
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$HLIND(3301.MY$ Have you already received your dividends?
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$ASTRO(6399.MY$
Although Astro's profit increased in the first quarter of fiscal year 2025 (up to the end of April), analysts were still not optimistic about the company's prospects. At one point, its stock price plummeted by as much as 10% intraday.
Astro opened at 33.5 cents on Wednesday, but the results showed that its business was still on the verge of struggling. The stock price once fell to a 5-week low of 30.5 cents in early trading, a drop of 10% compared to the closing price of 34 cents on Tuesday.
Astro recorded a profit of RM17.01 million in the first quarter, up 7% year on year; turnover was reported at RM773 million, down 9.85% year on year.
Research analysts at Kennag Investment Bank pointed out in the report that Astro's core net profit for the first quarter of the current fiscal year was RM25 million, which is lower than expected, accounting for only 13% of his and the market's profit forecast for the whole year.
Analysts believe that Astro's current fixed costs are still higher than expected. Coupled with user turnover and reduced average user revenue (ARPU), the company's revenue is expected to face growth pressure.
In addition, analysts at Dax Securities also viewed Astro's prospects with caution. This is mainly because the company is shrouded in adverse factors such as macroeconomic headwinds, weak consumer sentiment, and a stronger US dollar.
“These negative factors are expected to challenge the Group's growth and continued transformation plans,” he said.
A research analyst at Hong Leong Investment Bank added that customers are expected to continue to switch to other streaming video (OTT) products, while the strengthening of the US dollar will continue to affect Astro's multi-faceted cost structure....
Although Astro's profit increased in the first quarter of fiscal year 2025 (up to the end of April), analysts were still not optimistic about the company's prospects. At one point, its stock price plummeted by as much as 10% intraday.
Astro opened at 33.5 cents on Wednesday, but the results showed that its business was still on the verge of struggling. The stock price once fell to a 5-week low of 30.5 cents in early trading, a drop of 10% compared to the closing price of 34 cents on Tuesday.
Astro recorded a profit of RM17.01 million in the first quarter, up 7% year on year; turnover was reported at RM773 million, down 9.85% year on year.
Research analysts at Kennag Investment Bank pointed out in the report that Astro's core net profit for the first quarter of the current fiscal year was RM25 million, which is lower than expected, accounting for only 13% of his and the market's profit forecast for the whole year.
Analysts believe that Astro's current fixed costs are still higher than expected. Coupled with user turnover and reduced average user revenue (ARPU), the company's revenue is expected to face growth pressure.
In addition, analysts at Dax Securities also viewed Astro's prospects with caution. This is mainly because the company is shrouded in adverse factors such as macroeconomic headwinds, weak consumer sentiment, and a stronger US dollar.
“These negative factors are expected to challenge the Group's growth and continued transformation plans,” he said.
A research analyst at Hong Leong Investment Bank added that customers are expected to continue to switch to other streaming video (OTT) products, while the strengthening of the US dollar will continue to affect Astro's multi-faceted cost structure....
Translated
![Astro stock falls to 5-week low!](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240626/1719390820028-caf9cde7d2.jpeg/thumb?area=104&is_public=true)
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Nanyang Siang Pao officially joined the Moomoo platform!
Nanyang Siang Pao looks forward to using the Moomoo platform to create additional channels for communication with readers and audience interaction.
In an increasingly diverse information environment, we believe it is essential to have a good connection with our readers.
We will regularly share real-time information, the latest company developments, etc., to help investors invest.
To keep up to date with our latest stories, be sure to follow Nanyang Commercial Daily's news on Moomoo and turn on the “Reminder” feature so you don't miss any articles. If you want to know more about us, please visit our website (https://www.enanyang.my/).Nanyang Commercial Daily website
Hi Mooers! Nanyang Siang Pau Has Joined the Moo Community!
Nanyang Siang Pau (NYSP) looks forward to considering the Moomoo platform as an additional channel for communication and engagement with our readers.
In today's environment, we believe i...
Nanyang Siang Pao looks forward to using the Moomoo platform to create additional channels for communication with readers and audience interaction.
In an increasingly diverse information environment, we believe it is essential to have a good connection with our readers.
We will regularly share real-time information, the latest company developments, etc., to help investors invest.
To keep up to date with our latest stories, be sure to follow Nanyang Commercial Daily's news on Moomoo and turn on the “Reminder” feature so you don't miss any articles. If you want to know more about us, please visit our website (https://www.enanyang.my/).Nanyang Commercial Daily website
Hi Mooers! Nanyang Siang Pau Has Joined the Moo Community!
Nanyang Siang Pau (NYSP) looks forward to considering the Moomoo platform as an additional channel for communication and engagement with our readers.
In today's environment, we believe i...
Translated
![Nanyang Siang Pao officially joined the Moomoo platform!](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240422/1713782197856-9d483c5ebe.jpeg/thumb?area=104&is_public=true)
![Nanyang Siang Pao officially joined the Moomoo platform!](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240425/1714038059339-59491429d7.jpeg/thumb?area=104&is_public=true)
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Tenage's market capitalization has surpassed PBBANK; it is the second-largest Malaysian stock market
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From YouTube
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Thanks to a Mooer comment on $TGUAN(7034.MY$, i decided to look at recent Kenanga IB calls (research), and reviewed 8 stocks covered by Kenanga Research between Dec 2023 and May 2024. The results were mixed, with half of the stocks hitting their target, while 2 calls saw the Market totally disagree and the stocks price defied the laws of gravity.
Some suggestion i have if you rely on Research reports, are
1....
Some suggestion i have if you rely on Research reports, are
1....
From YouTube
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Amid the global wave of Artificial Intelligence, Malaysia is pushing forward with the construction of data centers.
Since the end of last year when NVIDIA collaborated with YTL Power to establish a $4.3 billionAIdata center park, international investment in Malaysian data centers has significantly increased.
In early May, Microsoft announced a $2.2 billion investment in Malaysia's AI infrastructure and plans to purchase l...
Since the end of last year when NVIDIA collaborated with YTL Power to establish a $4.3 billionAIdata center park, international investment in Malaysian data centers has significantly increased.
In early May, Microsoft announced a $2.2 billion investment in Malaysia's AI infrastructure and plans to purchase l...
![Who Are the Potential Beneficiaries in Malaysia's Data Center Supply Chain?](https://sgsnsimg.moomoo.com/sns_client_feed/101000104/20240619/1718798430844-f827348999.jpeg/thumb?area=101&is_public=true)
![Who Are the Potential Beneficiaries in Malaysia's Data Center Supply Chain?](https://sgsnsimg.moomoo.com/sns_client_feed/101000104/20240619/7a9878710d7d40e982b310d84674bef5.jpg?area=101&is_public=true)
![Who Are the Potential Beneficiaries in Malaysia's Data Center Supply Chain?](https://sgsnsimg.moomoo.com/sns_client_feed/101000104/20240619/97e7d284ec1d40db9e646c06c3981ed1.png?area=101&is_public=true)
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