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Happy weekend investors! Welcome back to Weekly Buzz where we talk about the top ten buzzing stocks on moomoo this week! Comment below to answer the Weekly Topic question for a chance to win an award!
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The market finished the week with a climb to fresh highs after unemployment data came in with an expected rise, leading to hopes that interest rates will come down again in December. It was the fourth day for records this week for th...
Make Your Choice
Weekly Buzz
The market finished the week with a climb to fresh highs after unemployment data came in with an expected rise, leading to hopes that interest rates will come down again in December. It was the fourth day for records this week for th...
![Weekly Buzz: Now THOSE are records!!](https://ussnsimg.moomoo.com/sns_client_feed/73649557/20241207/web-1733520526767-1733520526579-nsw3GxLDcq.gif/thumb?area=100&is_public=true)
![Weekly Buzz: Now THOSE are records!!](https://ussnsimg.moomoo.com/sns_client_feed/73649557/20241207/web-1733520603275-image.png/thumb?area=100&is_public=true)
![Weekly Buzz: Now THOSE are records!!](https://ussnsimg.moomoo.com/sns_client_feed/73649557/20241207/web-1733520042796-image.png/thumb?area=100&is_public=true)
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Columns Malaysian stock market underperformed in the third quarter, hopes of reaching 1700 shattered.
Malaysian stock market underperformed in the third quarter, hopes of reaching 1700 shattered.
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$
With the overall performance in the third quarter of this year falling short of expectations, coupled with the adverse effects of Trump's victory, the previously optimistic sentiment that Malaysian stocks could reach 1700 points is dissipating.
Several investment banks have successively released third quarter performance summary reports, all indicating that as Malaysian stock earnings expectations decline, the FTSE Bursa Malaysia KLCI index target has been lowered to below 1700 points.
Lianchang International Securities previously expected the SSE conglomerates index to reach a high of 1732 points, but the target has now been lowered to 1635 points. Dahua Jixian and Fenglong Investment Bank have also adjusted their termination targets to 1650 points and 1620 points respectively; previously forecasted at 1735 points and 1720 points.
Lianchang International Securities analysts have a slightly negative view on the overall performance of Malaysian stocks in the third quarter based on several factors.
"Firstly, our profit adjustment ratio for the third quarter has dropped to 0.7 times, meaning that there are more companies whose profit expectations we have lowered than raised. In comparison, the profit adjustment ratios for the first and second quarters of this year were 1.4 times and 1.1 times, respectively."
Moreover, the analyst pointed out that exporters have been impacted by the strengthening ringgit, leading to a decline in profits, especially in glove and technology stocks. Consumer stocks have also performed poorly, affected by subdued consumer sentiment.
Blue chip stocks are underperforming.
Another point is that some large constituents of the SSE conglomerates index, such as $PCHEM (5183.MY)$ 、 ...
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$
With the overall performance in the third quarter of this year falling short of expectations, coupled with the adverse effects of Trump's victory, the previously optimistic sentiment that Malaysian stocks could reach 1700 points is dissipating.
Several investment banks have successively released third quarter performance summary reports, all indicating that as Malaysian stock earnings expectations decline, the FTSE Bursa Malaysia KLCI index target has been lowered to below 1700 points.
Lianchang International Securities previously expected the SSE conglomerates index to reach a high of 1732 points, but the target has now been lowered to 1635 points. Dahua Jixian and Fenglong Investment Bank have also adjusted their termination targets to 1650 points and 1620 points respectively; previously forecasted at 1735 points and 1720 points.
Lianchang International Securities analysts have a slightly negative view on the overall performance of Malaysian stocks in the third quarter based on several factors.
"Firstly, our profit adjustment ratio for the third quarter has dropped to 0.7 times, meaning that there are more companies whose profit expectations we have lowered than raised. In comparison, the profit adjustment ratios for the first and second quarters of this year were 1.4 times and 1.1 times, respectively."
Moreover, the analyst pointed out that exporters have been impacted by the strengthening ringgit, leading to a decline in profits, especially in glove and technology stocks. Consumer stocks have also performed poorly, affected by subdued consumer sentiment.
Blue chip stocks are underperforming.
Another point is that some large constituents of the SSE conglomerates index, such as $PCHEM (5183.MY)$ 、 ...
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Mardi bin Suhaimi
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Mardi bin Suhaimi
voted
Happy weekend, investors! Welcome back to Weekly Buzz where we talk about the top ten buzzing stocks on moomoo this week! Comment below to answer the Weekly Topic question for a chance to win an award!
Make Your Choice
Weekly Buzz
The market overall advanced on Friday. The news followed Nvidia's earnings on Wednesday night and Bitcoin's all-time highs.
Just past the Friday close at 4 pm ET, the $S&P 500 Index (.SPX.US)$ traded...
Make Your Choice
Weekly Buzz
The market overall advanced on Friday. The news followed Nvidia's earnings on Wednesday night and Bitcoin's all-time highs.
Just past the Friday close at 4 pm ET, the $S&P 500 Index (.SPX.US)$ traded...
![Weekly Buzz: Nvidia Falls on Near Perfect Report, but Only For a Day](https://ussnsimg.moomoo.com/sns_client_feed/73649557/20241123/web-1732310237062-1732310236961-AvFtBwatzF.gif?area=100&is_public=true)
![Weekly Buzz: Nvidia Falls on Near Perfect Report, but Only For a Day](https://ussnsimg.moomoo.com/sns_client_feed/73649557/20241123/web-1732309722765-image.png?area=100&is_public=true)
![Weekly Buzz: Nvidia Falls on Near Perfect Report, but Only For a Day](https://ussnsimg.moomoo.com/sns_client_feed/73649557/20241123/web-1732309773035-image.png?area=100&is_public=true)
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