(KUALA LUMPUR, 15th) Industrial stocks, which have been booming this year, have been overwhelmed by bad news today, and have declined almost across the board.
pursuant $SPSETIA (8664.BMS)$According to the results announced by Shida Group on Wednesday (14th), the loss of the British Battersea power plant project unexpectedly increased in the next quarter.
This led to the share, as well as another co-shareholder of the Battersea power plant project, Sunami Industries $SIMEPROP (5288.BMS)$It bore the brunt, with the biggest decline; in the end, the wave of arbitrage spread to overall industrial stocks.
The Battersea project is located in London and is a large-scale industrial project developed by Shida Group and the Senami Industrial and Employee Provident Fund (EPF).
At one point, Shida Group fell sharply by 26 cents, or 17.11%, to RM1.26, while the Morimei industry also shared the same situation, falling as low as RM1.29 in the intraday period, which is equivalent to a drop of 20 cents or 13.42%.
At the close of the market, Shida Group reported RM1.29, a decrease of 23 cents or 15.13%, the biggest drop in 16 years, with a single-day turnover of 0.1 billion42.23 million7,000 shares; Senami Industries reported RM1.31, down 18 cents, or 12.08%, with a turnover of 0.1 billion 0.12 million800 shares.
Take advantage of the opportunity to arbitrage
A fund manager, who did not wish to be named, told the financial media “The Edge” that the stock price of Shida Group had soared before, and it is understandable why various funds are now leaving the market for arbitrage.
If the market closes by Wednesday, Shida Group and Senami...

$YTLPOWR (6742.BMS)$  never expect this day would come YTLP drop below my entry point hahahahahaha

$YTLPOWR (6742.BMS)$ any reason for the diarrhoea? or just simply follow the steps of Nvidia ?

$Taiwan Semiconductor (TSM.US)$ 再跌再买

Building infrastructure or selling land to operators, developers compete for data center finance
Exclusive report: @Jungle lee
[Data Center Series (Part 1)]
As the housing market has become more and more crowded, it just so happened that data centers are on the rise, drawing attention to the already active industrial industry. Nowadays, companies in different industries make major announcements almost every week, either announcing construction or investing in data centers. The market is hot.
The market has shown a will to develop data centers in different regions of China, and ongoing digital transformation initiatives are also promoting potential large-scale data centers to enter the Malaysian market. This trend and opportunity has shaped the future of Malaysian data centers.
Industrial companies never do business at a loss; they can only invest if they have business opportunities. With a large number of basements, particularly in Johor and Klang Valley, as well as financially sound developers, there is a better chance to seize the opportunity and diversify revenue when this data center storm blows.
As the Singaporean government banned the construction of new data centers in 2019 and conditionally lifted the ban in 2022, Johor, which is close to the water tower, is leading the whole of Malaysia due to its benefits in data center development, and Cybercity, a technology hub, is also catching up in this regard.
As a long-term operating data center, it is expected to become the new favorite of the industrial industry, but how can it attract large industrial companies to enter the market? What factors at home and abroad are stimulating its growth? Can China's hydropower, optical fiber, and digital infrastructure keep up with this surge in demand?
The “Nanyang Commercial Daily” data center series report gave way...