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On the final trading day of the year, $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ closed at 1,642.33 points, capping off a strong year with a gain exceeding 12.9%, marking the end of a three-year downturn and achieving its best annual performance in nearly 14 years.
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A Year of Milestones:
1. Data centers attract $20bil driving stocks surge
2. Global "black monday" hits Malaysian stocks
3. Largest IPO in 7 Years: 99SMART
4. Ringgit rollercoaster impacts exporte...
1. Data centers attract $20bil driving stocks surge
2. Global "black monday" hits Malaysian stocks
3. Largest IPO in 7 Years: 99SMART
4. Ringgit rollercoaster impacts exporte...
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$VSTECS (5162.MY)$
Weishi Jiajie was appointed by Amazon Web Services (AWS) and became the first dealer in Malaysia. This also drove the company's stock price, which once soared to RM3.48, or 26%, while also topping the list of rising stocks.
The company issued a statement on Wednesday stating that its subsidiary VSTECS KU Private Limited signed a cooperation agreement with AWS and believes this cooperation will help Malaysian companies use the most comprehensive and widely used cloud products in the world through Weishi Jiajie.
The company said it will embed cloud technology into it through various cooperation channels to provide seamless use and support.
Song Zhaoxiong, CEO of Weishi Jiajie, said that this cooperation highlights the company's ability to expand its cloud product portfolio, and at the same time is in line with the company's commitment to promote growth in the cloud and data center sector.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.
Weishi Jiajie was appointed by Amazon Web Services (AWS) and became the first dealer in Malaysia. This also drove the company's stock price, which once soared to RM3.48, or 26%, while also topping the list of rising stocks.
The company issued a statement on Wednesday stating that its subsidiary VSTECS KU Private Limited signed a cooperation agreement with AWS and believes this cooperation will help Malaysian companies use the most comprehensive and widely used cloud products in the world through Weishi Jiajie.
The company said it will embed cloud technology into it through various cooperation channels to provide seamless use and support.
Song Zhaoxiong, CEO of Weishi Jiajie, said that this cooperation highlights the company's ability to expand its cloud product portfolio, and at the same time is in line with the company's commitment to promote growth in the cloud and data center sector.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.
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Coupang's stock rose 28.78% this month.The Korea Times Reports that South Korean e-commerce company Coupang has raised the monthly fee for its Wow membership by 58%, reaching $5.74 per month. The move, seen as aggressive, has sparked controversy but is expected to improve Coupang's profit margins and enable it to expand Wow benefits such as free delivery, free returns, streaming services, and complimentary food delivery. The com...
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99SpeedMart has already disclosed its initial prospectus to the Securities Commission.
Although seemingly small, 99SpeedMart
has already reached a revenue level of more than RM 8 billion.
It can truly compete with the majority of blue-chip stocks in terms of business volume.
It is also the largest among the locally listed retail companies.
Aeon and MrDiy, which are well-known, have annual revenues that are at a level of approximately RM 4-5 billion.
The gross margin of the retail industry generally varies with the sale of goods.
The gross margin of the retail industry generally varies at different levels depending on the commodities being sold.
For example,
the gross margin of dining retail is above 50%;
the gross margin of hardware retail/fashion retail should also be 40% or more;
the gross margin of department store retail/pharmacy retail is around 20-30%;
99SpeedMart is different,
even though the gross margin of the daily commodities they sell is close to 10%,
they excel in high customer retention rate and low operational expenses,
and
So the business model is easy to replicate.
Creating today's small store giant.
And it has transformed into the largest retail group in China.
(Compared to 7-11, KK, TF, Lotus, Aeon, Mydin, etc.)
In the profits of 99SpeedMart,
there is also a significant contribution from product placement fees (products li...
Although seemingly small, 99SpeedMart
has already reached a revenue level of more than RM 8 billion.
It can truly compete with the majority of blue-chip stocks in terms of business volume.
It is also the largest among the locally listed retail companies.
Aeon and MrDiy, which are well-known, have annual revenues that are at a level of approximately RM 4-5 billion.
The gross margin of the retail industry generally varies with the sale of goods.
The gross margin of the retail industry generally varies at different levels depending on the commodities being sold.
For example,
the gross margin of dining retail is above 50%;
the gross margin of hardware retail/fashion retail should also be 40% or more;
the gross margin of department store retail/pharmacy retail is around 20-30%;
99SpeedMart is different,
even though the gross margin of the daily commodities they sell is close to 10%,
they excel in high customer retention rate and low operational expenses,
and
So the business model is easy to replicate.
Creating today's small store giant.
And it has transformed into the largest retail group in China.
(Compared to 7-11, KK, TF, Lotus, Aeon, Mydin, etc.)
In the profits of 99SpeedMart,
there is also a significant contribution from product placement fees (products li...
Translated
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$UTDPLT (2089.MY)$' share price has seen a substantial uptrend for the past three years. Since the beginning of 2024, the company's shares have surged by 32%, closing at RM23.54 this Thursday. Apex Securities assigned a buy rating to the stock in a recent report.
Is there still room for investment growth in United Plantations?
Robust Earnings and Hefty Dividends Define United Plantations' Performance in FY23
United Plant...
Is there still room for investment growth in United Plantations?
Robust Earnings and Hefty Dividends Define United Plantations' Performance in FY23
United Plant...
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103449378 : Great. Congrats to all!