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Columns MY Morning Wrap | Q2 Net Profit for Nestlé Malaysia Falls 48% to RM93.6m Amid Lower Domestic Sales
Good morning mooers! Here are things you need to know about today's market:
●Nvidia, Alphabet, Microsoft, Drag S&P, Nasdaq Lower
●Selangor Attracts RM12.4 Billion Investments in 2024 Q1
●Inflation May Rise with Diesel Subsidies, But Still Manageable: Analysts
●Malaysia's Nominal GDP Grew 1.6% to RM1.8 Trillion in 2023
●Stocks to watch: Nestle, TT Vision, United Plantations
-moomoo News MY
Wall Stre...
●Nvidia, Alphabet, Microsoft, Drag S&P, Nasdaq Lower
●Selangor Attracts RM12.4 Billion Investments in 2024 Q1
●Inflation May Rise with Diesel Subsidies, But Still Manageable: Analysts
●Malaysia's Nominal GDP Grew 1.6% to RM1.8 Trillion in 2023
●Stocks to watch: Nestle, TT Vision, United Plantations
-moomoo News MY
Wall Stre...
![MY Morning Wrap | Q2 Net Profit for Nestlé Malaysia Falls 48% to RM93.6m Amid Lower Domestic Sales](https://sgsnsimg.moomoo.com/feed_image/101000104/0fa6e671576b35f190115b51be5b52cd.webp/bigjpg)
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Columns Meta to Be Hit with First EU Antitrust Fine for Linking Marketplace and Facebook, Sources Say.
Meta Platforms $Meta Platforms (META.US)$ is set to be hit in a few weeks with its first EU antitrust fine for tying classified advertisements service Marketplace with its Facebook social network, people with direct knowledge of the matter said.
The move by the European Commission will come more than a year and a half after it accused the U.S. tech giant of giving its classified ads service Facebook Mark...
The move by the European Commission will come more than a year and a half after it accused the U.S. tech giant of giving its classified ads service Facebook Mark...
![Meta to Be Hit with First EU Antitrust Fine for Linking Marketplace and Facebook, Sources Say.](https://sgsnsimg.moomoo.com/sns_client_feed/102397652/20240726/1721955383296-random718-102397652-android-org.jpeg/thumb?area=104&is_public=true)
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$KOSSAN (7153.BMS)$
With the development of the gloves 🧤 sector in Malaysia 🇲🇾, production reduction strategies over the past few years, and 🇨🇳 the rush from China and Thailand, China's global exports have declined from 60% + at their peak to less than 40%. Although it is still number one in the world, it will retreat if it does not advance. I hope to take back more markets in the future.
During the pandemic, KOSSAN had the least amount of cash in the big four packages. However, it overtook its counterpart in FY23 and was the richest cash stock in Malaysian stocks. KOSSAN has invested only RM211 miles in CAPEX in the past two years. The main strategy is to attack by defending and waiting until spring.
TOPGLOV distributed a large number of dividends and expanded wildly during the pandemic. Seven consecutive quarters of losses led to the least amount of cash in the 4 companies. SUPERMX's CAPEX was crazy. It was revealed that buying private jets and losing money for 5 consecutive quarters caused cash to fall incessantly. In terms of this year's stock price performance, both companies have declined slightly.
$TOPGLOV (7113.BMS)$
However, KOSSAN and HARTA have been profitable for two consecutive quarters, mainly due to layoffs, production cuts and cost reduction, and interest income from large sums of cash has also enabled the company to withstand the cold winter. This also brought KOSSAN RM60 mil of interest income and fair value gain in investment assets in 2023. And HARTA's past 9...
With the development of the gloves 🧤 sector in Malaysia 🇲🇾, production reduction strategies over the past few years, and 🇨🇳 the rush from China and Thailand, China's global exports have declined from 60% + at their peak to less than 40%. Although it is still number one in the world, it will retreat if it does not advance. I hope to take back more markets in the future.
During the pandemic, KOSSAN had the least amount of cash in the big four packages. However, it overtook its counterpart in FY23 and was the richest cash stock in Malaysian stocks. KOSSAN has invested only RM211 miles in CAPEX in the past two years. The main strategy is to attack by defending and waiting until spring.
TOPGLOV distributed a large number of dividends and expanded wildly during the pandemic. Seven consecutive quarters of losses led to the least amount of cash in the 4 companies. SUPERMX's CAPEX was crazy. It was revealed that buying private jets and losing money for 5 consecutive quarters caused cash to fall incessantly. In terms of this year's stock price performance, both companies have declined slightly.
$TOPGLOV (7113.BMS)$
However, KOSSAN and HARTA have been profitable for two consecutive quarters, mainly due to layoffs, production cuts and cost reduction, and interest income from large sums of cash has also enabled the company to withstand the cold winter. This also brought KOSSAN RM60 mil of interest income and fair value gain in investment assets in 2023. And HARTA's past 9...
Translated
![KOSSAN - Accidentally became the richest glove stock 🧤, and the strongest glove stock in Malaysian stocks this year!](https://sgsnsimg.moomoo.com/sns_client_feed/102129971/20240504/f52682d7d3fa6b51fbfaa056759645f6.jpg/thumb?area=104&is_public=true)
![KOSSAN - Accidentally became the richest glove stock 🧤, and the strongest glove stock in Malaysian stocks this year!](https://sgsnsimg.moomoo.com/sns_client_feed/102129971/20240504/ae4c516cea9d847973a8a7bcdb79eff0.jpg/thumb?area=104&is_public=true)
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安呗 :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
安呗 :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)