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Columns The dollar and Asian stocks declined after Biden announced his withdrawal from the election (1)
The US dollar and Asian stock markets declined. Biden previously announced his withdrawal from the 2024 US presidential election and supported He Jinli to take over the fight.
Bloomberg US Dollar Spot Index $USD(USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR$
$Nikkei 225(.N225.JP$
$S&P/ASX 200(.XJO.AU$
$Hang Seng Index(800000.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
Bloomberg US Dollar Spot Index $USD(USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR$
$Nikkei 225(.N225.JP$
$S&P/ASX 200(.XJO.AU$
$Hang Seng Index(800000.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
Translated
![The dollar and Asian stocks declined after Biden announced his withdrawal from the election (1)](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240722/1721619695527-b1c11370f2.jpeg/thumb?area=104&is_public=true)
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$GAMUDA(5398.MY$ boring friday profit taking again. 🥱
keep profit taking your 20 lots every friday and spending thats why you trading 20 lots your whole life.
keep profit taking your 20 lots every friday and spending thats why you trading 20 lots your whole life.
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J.P. Morgan is optimistic that Malaysia is implementing policy reforms that will boost economic development, attract growing interest from foreign investors, and continue to drive the rise in Malaysian stocks.
At the beginning of July, Komo held the first J.P. Morgan Chase Malaysia Forum. After talking with 3 ministers from the Ministry of Finance, the Ministry of Transport, and the Ministry of Digital, and visiting a number of semiconductor factories in Penang, China's rating was raised from “reduced holdings” to “neutral” last week.
This world-renowned investment bank has also given the FTSE Composite Index a goal of reaching 1,650 this year, and believes that if the market continues to be bullish, reaching 1,700 points is not a dream.
In the full report released, Komo quoted Second Finance Minister Dato' Sri Amir Hancha's opinion, saying that Malaysia's political stability has enabled the government to implement policy reforms.
The report continued that Malaysia is also committed to implementing necessary reforms to promote economic development upstream in the value chain and reduce China's fiscal deficit.
“The gradual implementation of policy reforms has been well received. Foreign-approved investment increased by 24% year-on-year in the first quarter of this year, which already illustrates the situation.”
Amir Hancha also added that implementing targeted subsidies requires making difficult decisions, so the government must implement them in a pragmatic manner to ensure proper management of the inflationary impact of such implementation.
Strengthening transportation hubs
Furthermore, after meeting with Minister of Transportation Lu Zhaofu, the J.P. Morgan Chase analysis team learned that China intends to further enhance the capacity of transportation hubs by investing in airports, railway infrastructure, and seaports.
Among them, the east coast, which is expected to be put into operation in 2027...
At the beginning of July, Komo held the first J.P. Morgan Chase Malaysia Forum. After talking with 3 ministers from the Ministry of Finance, the Ministry of Transport, and the Ministry of Digital, and visiting a number of semiconductor factories in Penang, China's rating was raised from “reduced holdings” to “neutral” last week.
This world-renowned investment bank has also given the FTSE Composite Index a goal of reaching 1,650 this year, and believes that if the market continues to be bullish, reaching 1,700 points is not a dream.
In the full report released, Komo quoted Second Finance Minister Dato' Sri Amir Hancha's opinion, saying that Malaysia's political stability has enabled the government to implement policy reforms.
The report continued that Malaysia is also committed to implementing necessary reforms to promote economic development upstream in the value chain and reduce China's fiscal deficit.
“The gradual implementation of policy reforms has been well received. Foreign-approved investment increased by 24% year-on-year in the first quarter of this year, which already illustrates the situation.”
Amir Hancha also added that implementing targeted subsidies requires making difficult decisions, so the government must implement them in a pragmatic manner to ensure proper management of the inflationary impact of such implementation.
Strengthening transportation hubs
Furthermore, after meeting with Minister of Transportation Lu Zhaofu, the J.P. Morgan Chase analysis team learned that China intends to further enhance the capacity of transportation hubs by investing in airports, railway infrastructure, and seaports.
Among them, the east coast, which is expected to be put into operation in 2027...
Translated
![Policy reforms promoted · Favored by foreign investors, Komo: Incentivizing Malaysian stocks to welcome the bull market](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240716/1721086663427-3096c6fcb7.jpeg/thumb?area=104&is_public=true)
![Policy reforms promoted · Favored by foreign investors, Komo: Incentivizing Malaysian stocks to welcome the bull market](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240716/1721086634281-14facab4ad.png/thumb?area=104&is_public=true)
![Policy reforms promoted · Favored by foreign investors, Komo: Incentivizing Malaysian stocks to welcome the bull market](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240716/1721086634298-0b60fe4da4.jpeg/thumb?area=104&is_public=true)
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The first animation stock has no rivals in the stock Animation will never go out of style, only innovation
Translated
![The first animation stock has no rivals in the stock Animation will never go out of style, only innovation](https://sgsnsimg.moomoo.com/sns_client_feed/104335479/20240713/1720807984468-random592-104335479-android-compress.jpg/thumb?area=104&is_public=true)
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$Broadcom(AVGO.US$, which has soared 52% this year, will officially implement a 10-for-1 stock split plan after market close on July 12th (this Friday). This move follows $NVIDIA(NVDA.US$, another major AI player, and has sparked market speculation.
Let's compare the recent stock trends of NVIDIA and Broadcom. From the announcement to the actual split, NVIDIA's share price jumped about 27%, and it has risen an additi...
Let's compare the recent stock trends of NVIDIA and Broadcom. From the announcement to the actual split, NVIDIA's share price jumped about 27%, and it has risen an additi...
![Broadcom follows NVIDIA's lead in stock split. What's the aftermarket outlook?](https://ussnsimg.moomoo.com/sns_client_feed/77777025/20240711/1720686714613-65f626f6a7.png?area=999&is_public=true)
![Broadcom follows NVIDIA's lead in stock split. What's the aftermarket outlook?](https://ussnsimg.moomoo.com/sns_client_feed/77777025/20240711/1720686712501-ec7dfb6f80.png?area=999&is_public=true)
![Broadcom follows NVIDIA's lead in stock split. What's the aftermarket outlook?](https://ussnsimg.moomoo.com/sns_client_feed/77777025/20240711/1720686712660-292c950249.png?area=999&is_public=true)
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Kucingko, the only animation company that will become Malaysia's stock, is worth up to 54 cents
The Malaysian stock market is in full bloom, and Kucingko is about to welcome the first 2D animation creative company $KUCINGKO(0315.MY$Analysts believe that the company's reasonable price is between 43 cents and 54 cents. Compared with 30% of the initial public offering (IPO) of 30 cents per share, there is room for growth of 43% to 80%.
Kucingko is mainly engaged in 2D animation production, using digital drawing to create animated motion and visual content. The company focuses on mid-term production, producing visual content based on characters and scripts already set by the customer.
The company is listed on GEM to raise capital, and plans to set up a branch in East Malaysia, as well as a sales center in Los Angeles to establish stronger customer links.
Currently, the company is establishing partnerships with Sabah University, Sarawak University, and the Sabah Creative Economy and Innovation Center (SCENIC) to explore more talent collaborations, including providing internships, setting up mobile animation studios at universities, and sharing experiences.
Currently, the company's balance sheet is very healthy and has a large amount of cash. As of December 2023, it has net cash of RM14.4 million, or 2.9 cents per share, which is equivalent to 9.6% of the market value.
The company also plans to pay at least 40% of net profit as a dividend. In the past, Kuchingko sent 47% to 16 in the 2020-2023 fiscal year...
The Malaysian stock market is in full bloom, and Kucingko is about to welcome the first 2D animation creative company $KUCINGKO(0315.MY$Analysts believe that the company's reasonable price is between 43 cents and 54 cents. Compared with 30% of the initial public offering (IPO) of 30 cents per share, there is room for growth of 43% to 80%.
Kucingko is mainly engaged in 2D animation production, using digital drawing to create animated motion and visual content. The company focuses on mid-term production, producing visual content based on characters and scripts already set by the customer.
The company is listed on GEM to raise capital, and plans to set up a branch in East Malaysia, as well as a sales center in Los Angeles to establish stronger customer links.
Currently, the company is establishing partnerships with Sabah University, Sarawak University, and the Sabah Creative Economy and Innovation Center (SCENIC) to explore more talent collaborations, including providing internships, setting up mobile animation studios at universities, and sharing experiences.
Currently, the company's balance sheet is very healthy and has a large amount of cash. As of December 2023, it has net cash of RM14.4 million, or 2.9 cents per share, which is equivalent to 9.6% of the market value.
The company also plans to pay at least 40% of net profit as a dividend. In the past, Kuchingko sent 47% to 16 in the 2020-2023 fiscal year...
Translated
![Kucingko will become the only animation company in the Malaysian stock market with a maximum value of 54 cents](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240712/06eae1411b6e0cef535aec0dae633e7d.jpg/thumb?area=104&is_public=true)
![Kucingko will become the only animation company in the Malaysian stock market with a maximum value of 54 cents](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240712/768e1217c4516f07ffc708b3d41e2086.jpg/thumb?area=104&is_public=true)
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