RachXchange
liked
(Kuala Lumpur, 10th) Dongyi Electronics $GTRONIC (7022.MY)$ External auditor PricewaterhouseCoopers resigned, causing the stock price to plummet by more than 30%!
Dongyi Electronics also issued a statement this evening in an attempt to "reassure" investors, emphasizing that the auditor's resignation will not affect financial integrity and stating that UHY Malaysia has been selected as the new auditor.
The company first announced to Bursa Malaysia at noon today that it received a written notice from PricewaterhouseCoopers on September 9, resigning from the position of company auditor.
The announcement has caused concerns among investors, and the stock price plummeted at noon, hitting the limit down at one point and being banned from short selling. In the end, it fell 26 cents or 32.50% for the whole day, closing at 54 cents, marking a new low in the past 12 years.
优华扬 has been appointed as the new auditor.
Reviewing past annual reports, it was found that the company has been appointing PwC as its external auditor since 2019 and has continued to do so. According to the announcement, PwC's resignation is voluntary.
In an afternoon statement, Dongyi Electronics announced that they will actively strengthen the audit process. It has preliminarily selected Yuhua Yang Malaysia as the new auditor and will officially appoint them after the formal documents are completed.
According to the company's official website, UHY is the 19th largest global accounting firm alliance organization; it is also ranked ninth in Malaysia, serving over 60 listed companies.
The announcement also stated that "the financial report for this year has not been audited by KPMG, so it will not have an impact on financial integrity."
0.73 billion has been evaporated.
Dongyang Electronics...
Dongyi Electronics also issued a statement this evening in an attempt to "reassure" investors, emphasizing that the auditor's resignation will not affect financial integrity and stating that UHY Malaysia has been selected as the new auditor.
The company first announced to Bursa Malaysia at noon today that it received a written notice from PricewaterhouseCoopers on September 9, resigning from the position of company auditor.
The announcement has caused concerns among investors, and the stock price plummeted at noon, hitting the limit down at one point and being banned from short selling. In the end, it fell 26 cents or 32.50% for the whole day, closing at 54 cents, marking a new low in the past 12 years.
优华扬 has been appointed as the new auditor.
Reviewing past annual reports, it was found that the company has been appointing PwC as its external auditor since 2019 and has continued to do so. According to the announcement, PwC's resignation is voluntary.
In an afternoon statement, Dongyi Electronics announced that they will actively strengthen the audit process. It has preliminarily selected Yuhua Yang Malaysia as the new auditor and will officially appoint them after the formal documents are completed.
According to the company's official website, UHY is the 19th largest global accounting firm alliance organization; it is also ranked ninth in Malaysia, serving over 60 listed companies.
The announcement also stated that "the financial report for this year has not been audited by KPMG, so it will not have an impact on financial integrity."
0.73 billion has been evaporated.
Dongyang Electronics...
Translated
30
1
RachXchange
liked
$YTLPOWR (6742.MY)$
Price action have potentially formed a bottom base at this level ..
If price able to break the resistance we might see price continue hogher.
telegram 👇
VSA & WYCKOFF, EW trading practice.
Price action have potentially formed a bottom base at this level ..
If price able to break the resistance we might see price continue hogher.
telegram 👇
VSA & WYCKOFF, EW trading practice.
![Potential rebound](https://sgsnsimg.moomoo.com/sns_client_feed/103872231/20240911/0bc07d155ffa6f2a27fca7532c064fa1.jpg/thumb?area=101&is_public=true)
5
5
RachXchange
liked
Market still looks choppy to me despite buy the dip crowd are stepping in to pick up some big tech stocks.
More volatility can be expected with two key economic reports coming up - Aug CPI price on Wednesday, and PPI on Thursday.
$Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $Apple (AAPL.US)$ $Palantir (PLTR.US)$ $Johnson & Johnson (JNJ.US)$ $Coca-Cola (KO.US)$ $FuboTV (FUBO.US)$ $PepsiCo (PEP.US)$ $XPeng (XPEV.US)$ $Nike (NKE.US)$ $Yum! Brands (YUM.US)$ $Bank of America (BAC.US)$ $JPMorgan (JPM.US)$ $Financial Select Sector SPDR Fund (XLF.US)$
More volatility can be expected with two key economic reports coming up - Aug CPI price on Wednesday, and PPI on Thursday.
$Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $Apple (AAPL.US)$ $Palantir (PLTR.US)$ $Johnson & Johnson (JNJ.US)$ $Coca-Cola (KO.US)$ $FuboTV (FUBO.US)$ $PepsiCo (PEP.US)$ $XPeng (XPEV.US)$ $Nike (NKE.US)$ $Yum! Brands (YUM.US)$ $Bank of America (BAC.US)$ $JPMorgan (JPM.US)$ $Financial Select Sector SPDR Fund (XLF.US)$
From YouTube
24
3
RachXchange
liked
More and more friends around me are buying $Invesco QQQ Trust (QQQ.US)$. A friend has always lamented that they should have bought it sooner, not counting dividends. The coupon price alone has gone up quite a bit, and they don't know what the heck it would be to buy a-shares. ![]()
What is the overall pattern of the US stock bull market over the past ten years?![]()
People often ask me about my experience in investing in US stocks. I...
What is the overall pattern of the US stock bull market over the past ten years?
People often ask me about my experience in investing in US stocks. I...
![Tips for long-term investments 💡| An ETF that can be laid back and won?](https://ussnsimg.moomoo.com/sns_client_feed/70797280/20240910/1725948547672-ace6cb00a6.jpeg/thumb?area=100&is_public=true)
![Tips for long-term investments 💡| An ETF that can be laid back and won?](https://ussnsimg.moomoo.com/sns_client_feed/70797280/20240910/1725956021368-64d9f69e96.jpeg/thumb?area=100&is_public=true)
![Tips for long-term investments 💡| An ETF that can be laid back and won?](https://ussnsimg.moomoo.com/sns_client_feed/70797280/20240910/1725950355824-31ae8726aa.gif/thumb?area=100&is_public=true)
+1
30
RachXchange
liked
$Micron Technology (MU.US)$ when i buy calls it drops … when i buy puts it rises. Money pit!!!!!!
3
3
RachXchange
liked
$BYD COMPANY (01211.HK)$
According to data from Yiche, BYD was the third best-selling brand in the world in July of this year. The data shows that BYD sold nearly half as many cars as first-placed Toyota and was just over 30,000 behind second-placed Volkswagen. Despite ranking so highly in July, so far this year, from Jan to Jul, BYD is in eighth place in the sales rankings. It should be emphasized that the results are for the brand r...
According to data from Yiche, BYD was the third best-selling brand in the world in July of this year. The data shows that BYD sold nearly half as many cars as first-placed Toyota and was just over 30,000 behind second-placed Volkswagen. Despite ranking so highly in July, so far this year, from Jan to Jul, BYD is in eighth place in the sales rankings. It should be emphasized that the results are for the brand r...
![BYD was third best-selling brand in the world in July this year](https://sgsnsimg.moomoo.com/sns_client_feed/102079252/20240906/2da6bc055d653ad7f0ee7838b2136c42.png/thumb?area=101&is_public=true)
![BYD was third best-selling brand in the world in July this year](https://sgsnsimg.moomoo.com/sns_client_feed/102079252/20240906/217f3b636bf4cc8d5d5226c1d57a0de9.png/thumb?area=101&is_public=true)
16
RachXchange
liked
$NIO Inc (NIO.US)$ According to William, around 20k L60 will be delivered in Q4 with Dec reaching 10k per month. So if Nio can continue to deliver 20k per month, whole year deliveries should hit 230k. Next year then they will ramp up L60 production to 20k per month. Double shift will be run which means higher cost expected. Margin is only 15% for L60. F3 factory will be ready Q3 2025.
5