$GTRONIC (7022.MY)$ Limit down come lets go
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Columns Breaking through the 4.50 barrier, the Ringgit became the best emerging currency of the week.
$USD/MYR (USDMYR.FX)$
The rising trend of the ringgit is unstoppable, with another surge of over 1.7% today, breaking through the 4.50 level. The entire week saw a rise of 3.6%!
As of 5 p.m., the exchange rate of the ringgit was 4.4908 to the US dollar, with a daily increase of 1.72%. This is another important level that the ringgit has surpassed within 3 days after breaking through the 4.60 level on Wednesday, July 31.
Looking at the entire week, the exchange rate of the ringgit has increased by 3.59%, making it the best-performing emerging market currency this week.
The outlook for Malaysia's economic growth is optimistic, coupled with continuous inflow of foreign funds, which has led to a 10-day continuous increase in the ringgit, the longest streak in 14 years.
According to Bloomberg, after three years of decline, the performance of the ringgit this year has been better than other Asian currencies, especially after the government introduced policies to promote foreign investment and reduced subsidies to narrow the budget deficit.
With the support of these policies, the Malaysian stock market has regained the interest of global funds. These funds have bought $0.112 billion (approximately 0.508 billion ringgit) of Malaysian stocks so far this year.
At the same time, Malaysia's economic recovery is also accelerating. The improvement in export conditions has provided support for economic growth. In addition, the statistics bureau's earlier forecast for the second quarter's economic growth rate reached 5.8%, exceeding market expectations.
According to the report by Bernama, Second Finance Minister Datuk Seri Amir Hanza believes that the forecast of Malaysia's economic growth of 4% to 5% this year can be achieved, and it may even reach a higher level. The trend of the ringgit will also enter a...
The rising trend of the ringgit is unstoppable, with another surge of over 1.7% today, breaking through the 4.50 level. The entire week saw a rise of 3.6%!
As of 5 p.m., the exchange rate of the ringgit was 4.4908 to the US dollar, with a daily increase of 1.72%. This is another important level that the ringgit has surpassed within 3 days after breaking through the 4.60 level on Wednesday, July 31.
Looking at the entire week, the exchange rate of the ringgit has increased by 3.59%, making it the best-performing emerging market currency this week.
The outlook for Malaysia's economic growth is optimistic, coupled with continuous inflow of foreign funds, which has led to a 10-day continuous increase in the ringgit, the longest streak in 14 years.
According to Bloomberg, after three years of decline, the performance of the ringgit this year has been better than other Asian currencies, especially after the government introduced policies to promote foreign investment and reduced subsidies to narrow the budget deficit.
With the support of these policies, the Malaysian stock market has regained the interest of global funds. These funds have bought $0.112 billion (approximately 0.508 billion ringgit) of Malaysian stocks so far this year.
At the same time, Malaysia's economic recovery is also accelerating. The improvement in export conditions has provided support for economic growth. In addition, the statistics bureau's earlier forecast for the second quarter's economic growth rate reached 5.8%, exceeding market expectations.
According to the report by Bernama, Second Finance Minister Datuk Seri Amir Hanza believes that the forecast of Malaysia's economic growth of 4% to 5% this year can be achieved, and it may even reach a higher level. The trend of the ringgit will also enter a...
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Morning traders! Happy Friday, June 28th. Investors are reacting to the Trump Biden debate, which to me, felt like two old men were angry at bingo night at the old folks home.
My name is Kevin Travers; here are stories from the moomoo herd on Wall Street today.
$Nike (NKE.US)$ fell 15% after reporting earnings Thursday, meeting EPS expectations but announcing weak guidance for the coming quarter...
My name is Kevin Travers; here are stories from the moomoo herd on Wall Street today.
$Nike (NKE.US)$ fell 15% after reporting earnings Thursday, meeting EPS expectations but announcing weak guidance for the coming quarter...
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Join our webinar to decode Malaysia's stock market trends in H1 2024. Stay informed, stay ahead! Register now.
Table of Content
1. MY H1 2024 Performance Review
2. Main Economic Factors Influencing the MY Market
3. Global Influences on the MY Market
4. Economic Event Focus on H2 2024
5. Q&A Session
Table of Content
1. MY H1 2024 Performance Review
2. Main Economic Factors Influencing the MY Market
3. Global Influences on the MY Market
4. Economic Event Focus on H2 2024
5. Q&A Session
Malaysia H1 Stock Review: Will Trends and Growth Last in H2 2024?
Jun 6 07:00
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[ Technology Stock ] Cape EMS
Stock Price (2024/06/02): RM0.970
PE: 19.52 times
DY: 1.13%
NTA: RM0.470
A netizen recently asked me why many companies with good performance still see a decline in their stock prices.
For example, let's take a look at Cape EMS Berhad (CEB, 5311), a company that we have been studying. The company reached a new high in revenue in FY2024 Q1, with a post-tax profit ("PAT") of RM13.4 million. However, the stock price dropped from its peak of RM1.080 to a key support level of RM1.000, closing at RM0.970 last Friday.
Today, we will discuss the business of CEB and in the final part, we will further discuss the issue of rising performance and falling stock prices.
Let me provide a brief introduction. CEB is a company primarily engaged in the Electronics Manufacturing Services (EMS) industry. For investors with experience in the Malaysian stock market, the term EMS is likely familiar. Many people understand EMS as an "OEM" service for electronic products, such as a certain British hair dryer brand that used to give significant orders to EMS companies, delivering remarkable performance.
But here, let me share with you about this hair dryer...
Stock Price (2024/06/02): RM0.970
PE: 19.52 times
DY: 1.13%
NTA: RM0.470
A netizen recently asked me why many companies with good performance still see a decline in their stock prices.
For example, let's take a look at Cape EMS Berhad (CEB, 5311), a company that we have been studying. The company reached a new high in revenue in FY2024 Q1, with a post-tax profit ("PAT") of RM13.4 million. However, the stock price dropped from its peak of RM1.080 to a key support level of RM1.000, closing at RM0.970 last Friday.
Today, we will discuss the business of CEB and in the final part, we will further discuss the issue of rising performance and falling stock prices.
Let me provide a brief introduction. CEB is a company primarily engaged in the Electronics Manufacturing Services (EMS) industry. For investors with experience in the Malaysian stock market, the term EMS is likely familiar. Many people understand EMS as an "OEM" service for electronic products, such as a certain British hair dryer brand that used to give significant orders to EMS companies, delivering remarkable performance.
But here, let me share with you about this hair dryer...
Translated
![[ Technology Stock ] Cape EMS](https://sgsnsimg.moomoo.com/sns_client_feed/102311682/20240603/1ad605322731eb1cebb81ae880cc422a.jpeg/thumb?area=104&is_public=true)
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Stock price (2024/05/29): RM0.470
PE: (Q1 Performance Average) 11.75 times
DY: N/A
NTA: RM0.080
Note: The company's stock price is close to doubling from RM0.240 before the IPO!
After going public, Malaysia's only "vegetable stock" has gained favor from many investors. But what is the high threshold of the vegetable industry and why is it that only they have gone public so far? And how can they maintain a competitive advantage after going public?
The moderator is also very curious about these issues, hoping that after today's article, everyone can have a deeper understanding of this field.
Firstly, Farm Price Holdings Berhad (FPHB, 0304) business can be divided into 4 main categories; the first one is wholesale fresh vegetables, prepacked fresh vegetables, fresh cut vegetables, and operating their own retail stores in Ulu Tiram, Johor.
In terms of gross profit margin, the highest profitability of course comes from the processing of Fresh Cut fresh vegetables (up to 30% to 40%), and generally these vegetables are...
PE: (Q1 Performance Average) 11.75 times
DY: N/A
NTA: RM0.080
Note: The company's stock price is close to doubling from RM0.240 before the IPO!
After going public, Malaysia's only "vegetable stock" has gained favor from many investors. But what is the high threshold of the vegetable industry and why is it that only they have gone public so far? And how can they maintain a competitive advantage after going public?
The moderator is also very curious about these issues, hoping that after today's article, everyone can have a deeper understanding of this field.
Firstly, Farm Price Holdings Berhad (FPHB, 0304) business can be divided into 4 main categories; the first one is wholesale fresh vegetables, prepacked fresh vegetables, fresh cut vegetables, and operating their own retail stores in Ulu Tiram, Johor.
In terms of gross profit margin, the highest profitability of course comes from the processing of Fresh Cut fresh vegetables (up to 30% to 40%), and generally these vegetables are...
Translated
![[IPO New Stocks] Farm Price Holdings](https://sgsnsimg.moomoo.com/sns_client_feed/102311682/20240529/1716983623315-c06998ddf7.jpeg/thumb?area=104&is_public=true)
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