The U.S. stock market has hit new highs again! Congrats!👏 If you started investing in the US market at the beginning of the year and haven't made any major mistakes, you've probably seen some gains! 🎉
As we hit the mid-year mark, let's take a look back at our Premium Learning journey. Driven by AI and major tech stocks, the $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ have repeatedly reached new highs over...

$KOSSAN (7153.MY)$
The development of the glove industry in Malaysia 🇲🇾 has been affected by the reduction strategy in recent years, as well as the competition from China and Thailand. Our global exports have declined from over 60% to below 40%. Although still the world's number one, we must continue to expand our market share. We hope to regain more market in the future.
During the pandemic, KOSSAN had the least amount of cash among the top four glove manufacturers. However, in FY23, they outperformed their competitors and became the wealthiest cash stock in Malaysia. KOSSAN only invested RM211 million in CAPEX in the past two years, focusing on a defensive strategy and waiting for better times.
TOPGLOV distributed dividends in large amounts and aggressively expanded during the pandemic, resulting in seven consecutive quarters of losses and the least amount of cash among the four companies. SUPERMX's CAPEX was extremely high, including the purchase of a private jet, and they also suffered five consecutive quarters of losses, causing their cash reserves to decline continuously. In terms of stock performance this year, both companies have experienced some decline.
$TOPGLOV (7113.MY)$
Both KOSSAN and HARTA have been profitable for two consecutive quarters, mainly due to cost reduction through employee layoffs and production cuts. The substantial cash has also brought in interest income, allowing the company to withstand the economic downturn. This has resulted in KOSSAN earning RM60 million in interest income and investment assets as Fair Value Gain in 2023. On the other hand, HARTA has achieved...

Hello Mooers!
Wow, wow, wow! Yesterday, November 14, 2023, was an awesome day for most investors trading US stocks!
Most US stocks went up, with the S&P 500 ( $S&P 500 Index (.SPX.US)$ ) going up by 1.91% to 4,495.7,  Nasdaq Composite ( $Nasdaq Composite Index (.IXIC.US)$ ) up by 2.37% to 14,094.38, Dow Jones Industrial Average ( $Dow Jones Industrial Average (.DJI.US)$ ) up by 1.43% to 34,827.7 and Russell 2000 ( $Russell 2000 Index (.RUT.US)$ ) up by ...

$ProShares UltraPro QQQ ETF (TQQQ.US)$
$S&P 500 Index (.SPX.US)$
$Nasdaq (NDAQ.US)$
There should not be problem for Malaysia Stock Market to enter bull market if US market continue to rally after breaking the downtrend resistance (tested multiple times). Nasdaq currently even very close to testing historical high of 17,000.
We should see a bull market on November, be really prepared.
#bursamalaysia #malaysia #klse

The market lacks catalysts and the composite index fell 2.56 points.
Although the dust has settled on the state elections in six states, some large-cap stocks continue to be sold, and the performance of the Malaysian composite index remains weak, consistent with the weak performance of regional exchanges.
As of 12:30 p.m., the composite index closed at 1454.60 points, down 2.56 points or 0.18%.
The half-day trading volume was 2.03 billion shares, with a turnover of 0.906 billion ringgit.
There were 455 advancing stocks, 372 declining stocks, 369 unchanged stocks, and 1133 stocks with no trades.
The exchange rate of the ringgit at 12:30 p.m. was 4.6140 to 1 US dollar.
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$
source: Nanyang Siang Pau, Klse Pulse
Market focus
Is the result of the state election a blessing or a curse? Sin stocks rose first and then fell.
Is it maintaining the status quo with a 3-3 tie to calm the market, or is the expansion of the Green Wave causing more insecurity for investors? Investors this morning were caught in a tug-of-war on sin stocks, which were heavily influenced by the Green Wave, and there was intense volatility in gaming and beer stocks.
On the first trading day after the state election, investors initially poured into the sin stock sector with optimism. Genting and the two 'big lottery' stocks continued to maintain the momentum they had already 'raced' prior to last week's elections, opening high and then turning lower.