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U.S. stocks pulled back Friday, as the largest IT crash in history sent tech even lower for the week following a semiconductor sector pullback.
The $Nasdaq Composite Index (.IXIC.US)$ declined 0.81, with the $S&P 500 Index (.SPX.US)$ down 0.71%, and the $Dow Jones Industrial Average (.DJI.US)$ 0.93%. All sectors except healthcare were down intraday.
MACRO
Friday, investors are watching for Federal Reserve commentary. Thurs...
The $Nasdaq Composite Index (.IXIC.US)$ declined 0.81, with the $S&P 500 Index (.SPX.US)$ down 0.71%, and the $Dow Jones Industrial Average (.DJI.US)$ 0.93%. All sectors except healthcare were down intraday.
MACRO
Friday, investors are watching for Federal Reserve commentary. Thurs...
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Timetable of IPO
Figure 1: IPO timetable of STEEL HAWK
-Will be listed on the ACE Board
Source: $HAWK (0320.BMS)$ IPO Prospectus
Full Video for IPO Analysis of Steel Hawk Berhad (Chinese version) - YouTube
Info of IPO
Enlarged no. of shares upon listing: 490 million
IPO price: RM0.15
Market capitalization: RM73.50 million
Estimated funds to raise from Public Issue: RM13.50 million
PE ratio = 10.18x (based on FY2023)
...
Figure 1: IPO timetable of STEEL HAWK
-Will be listed on the ACE Board
Source: $HAWK (0320.BMS)$ IPO Prospectus
Full Video for IPO Analysis of Steel Hawk Berhad (Chinese version) - YouTube
Info of IPO
Enlarged no. of shares upon listing: 490 million
IPO price: RM0.15
Market capitalization: RM73.50 million
Estimated funds to raise from Public Issue: RM13.50 million
PE ratio = 10.18x (based on FY2023)
...
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The market’s been a bloodbath 😱 lately, and I’m not alone in feeling the sting. Scouring the Moo community, I’ve seen countless stories of losses – folks pouring their hearts out about their shrinking portfolios. It’s a humbling reminder that we’re all in this together. Sure, there are a few lucky souls boasting about their gains 🤑, but they’re like unicorns 🦄 in a field of wounded gazelles. @104240685 @Wenhao95 @sky9191, you’re one of those lucky fe...
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$Meta Platforms (META.US)$ saw institutional investors trading millions of dollars in stock options heading into earnings that could offer signs of the ad pricing power of Facebook's parent company at a time when politicians are boosting election spending.
At 9:44:07 a.m. in New York Monday, an unusual bearish trade was posted costing $2.61 million for call options that give the holder or holders the right to buy 186,...
At 9:44:07 a.m. in New York Monday, an unusual bearish trade was posted costing $2.61 million for call options that give the holder or holders the right to buy 186,...
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Hi, mooers!
Just a heads-up:
Earnings Challenge is in full swing! What's your take on Apple's earnings and its stock performance? Now join the challenge, leverage moomoo's handy features to support your views on Apple and earn plenty of rewards! Don't miss the chance to win big>>
$Apple (AAPL.US)$ is releasing its Q3 FY2024 earnings on August 1 after the bell. Unlock insights with Apple Earnings Hub>>
For the details of i...
Just a heads-up:
Earnings Challenge is in full swing! What's your take on Apple's earnings and its stock performance? Now join the challenge, leverage moomoo's handy features to support your views on Apple and earn plenty of rewards! Don't miss the chance to win big>>
$Apple (AAPL.US)$ is releasing its Q3 FY2024 earnings on August 1 after the bell. Unlock insights with Apple Earnings Hub>>
For the details of i...
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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...
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$CTOS (5301.BMS)$
The third division of the Court of Appeals ruled today that CTOS Digital (CTOS, 5301, Main Board Technology Co., Ltd.) appealed directly to overturn the High Court's ruling, which is to pay compensation to customers for losses suffered due to poor credit scores.
CTOS Digital said it will issue a statement later today to explain the latest developments in this matter.
On March 11 of this year, a 43-year-old businesswoman sued CTOS Digital Systems for negligence and breach of fiduciary obligations, alleging that CTOS digital's inaccurate credit ratings caused damage to her personal reputation, finances, and company business.
The businesswoman said that when she applied for a car loan in May 2019, she was rejected by the bank due to negative reports provided by CTOS. She later discovered that the report contained inaccurate data, which in turn led to an erroneous negative rating.
The businesswoman also alleges that the credit score given to her by CTOS Digital was too low, causing financial institutions to lose confidence in her. As a result, the High Court ordered CTOS Digital to pay RM0.2 million in damages and RM0.05 million in court fees to the businesswoman.
Meanwhile, the High Court ruled that CTOS Digital did not have the right to create credit scores.
The judge stated that the main function of CTOS is to collect, record, preserve, and share information. However, he believes that CTOS is beyond its statutory function to establish credit scores.
After the High Court handed down the above ruling on March 11, the CTOS digital stock price fell in response the next day (March 12). The management urgently summoned analysts and media on the same day...
The third division of the Court of Appeals ruled today that CTOS Digital (CTOS, 5301, Main Board Technology Co., Ltd.) appealed directly to overturn the High Court's ruling, which is to pay compensation to customers for losses suffered due to poor credit scores.
CTOS Digital said it will issue a statement later today to explain the latest developments in this matter.
On March 11 of this year, a 43-year-old businesswoman sued CTOS Digital Systems for negligence and breach of fiduciary obligations, alleging that CTOS digital's inaccurate credit ratings caused damage to her personal reputation, finances, and company business.
The businesswoman said that when she applied for a car loan in May 2019, she was rejected by the bank due to negative reports provided by CTOS. She later discovered that the report contained inaccurate data, which in turn led to an erroneous negative rating.
The businesswoman also alleges that the credit score given to her by CTOS Digital was too low, causing financial institutions to lose confidence in her. As a result, the High Court ordered CTOS Digital to pay RM0.2 million in damages and RM0.05 million in court fees to the businesswoman.
Meanwhile, the High Court ruled that CTOS Digital did not have the right to create credit scores.
The judge stated that the main function of CTOS is to collect, record, preserve, and share information. However, he believes that CTOS is beyond its statutory function to establish credit scores.
After the High Court handed down the above ruling on March 11, the CTOS digital stock price fell in response the next day (March 12). The management urgently summoned analysts and media on the same day...
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