Beginning in April, freight rates for European and American routes began to rise, and China's transportation sector began to move somewhat. In May, Taiwan Container Sanxiong's stock price can rise 30-50% in a single month, and the rise in freight charges continues to rise.
The above chart shows the outlook of Evergreen and Wanhai Shipping management. The shortage of capacity in May was more delayed than in April. Moreover, the increase in demand for European and American routes has also driven Asian routes. This era of navigation has also burnt into Asia, including of course Malaysia 🇲🇾.
Among Malaysia's shipping businesses, HARBOUR and SYGROUP both broke through 1-year highs on May 27. Furthermore, the stock prices of FM and TASCO, two transportation-related stocks also broke through 1-year highs last week.
On May 28, HARBOUR results were released. The turnover grew by 17.4% year on year. Although net profit fell by 34.9% year over year, it was mainly due to the year-on-year decline in freight rates, but volume increased. However, the company's net profit QOQ grew by 39%, and the next quarter is expected to be even better.
The business of all divisions of the company is very positive, and the company will spend RM100 mil to buy two shipping container ships in May and June to replace the old ships. What is most rare is that when it comes to the end of the company's outlook, it is rare to be so optimistic when it comes to striving for a better tomorrow.
The company's cash reached a record high, so RM100 mil CAPEX was completely unburdened to buy a ship.
$HARBOUR (2062.MY)$
...

On May 27, INTA announced that it had obtained the fourth construction contract of the year, obtained RM199mil from SimeProp, and received an RM942.1 mil contract in the past two months.
$INTA (0192.MY)$
The 24Q1 results were announced on May 28. Profits have been growing for 5 consecutive quarters in QOQ. The RM7.052mil contract is also the second-highest in history, and the performance is outstanding.
The most important thing for construction companies is to have enough construction contracts. Fewer construction contracts mean that future turnover will decline. INTA had fewer contracts in 2023, so it fell to a 4-year low. Although the 2023 results were excellent, the stock price did not improve without many new contracts.
Until the company frequently obtained contracts this year, the company's value finally blossomed, and the stock price showed strong performance this year. By the end of March, the company had a contract of RM1,766 mils, which is enough for INTA to keep busy until 2026. TA Securities Bank's target price is 62 points, and RHB-OSK also selected this company as the TOP 20 Small Cap 💎, which is expected to grow in value in the future.

In 2021, the price of shipping 🚢 skyrocketed, and it was hard to find a container. There was Malaysia's Glove 🧤 frenzy in 2020, and Taiwan also had the Age of Discovery in 2021. The three major shipping companies, Evergreen Shipping, Wanhai, and Yangming, skyrocketed 10-20 times. Meanwhile, Malaysia's HARBOUR also broke through a new high of RM1.73 in September 2021, and the single-day limit was up 30% on September 29, 2021.
⚠️ Container shipping stocks are cyclical stocks. They can only be in the short to medium term, not suitable for the long term ⚠️⚠️
Beginning in April, freight rates on European and American routes have been rising steadily, leading to a sharp rise in demand for containers in China and Taiwan. There are many factors that have caused the increase in freight rates 📈. One of them is that shipping companies are taking advantage of this opportunity 🈹️ and there is also talk of a wave of chives.
The picture above shows the stock price trends of Taiwan's Sanjiong, China's COSCO Sea & Air, and Malaysia's HARBOUR. Taiwan's Q1 has been released, and Q2 is expected to be better. Meanwhile, the Malaysian stock company HARBOUR is still awaiting Q1 results, and its counterpart SYGROUP has been trending very well over the past month.
$SYGROUP (5173.MY)$
The chart above shows the stock price trend over the past 6 months.
At the end of August last year, the Moo Moo community shared that Harbor's cash flow was very strong. At the time, the stock price was in the RM1.20 range. Since the Age of Discovery in 2021, HARBOUR has caught that round of wealth and kept cash for years...

#指数要上涨离不开银行股
In the past, when the index soared, Bank 🐯 and Public Bank 🏦 took the lead. Unfortunately, PBBANK's profit YOY has declined for two consecutive quarters. YOY fell 3.5% in the latest quarter, causing the stock price to drop 2.6% this year (10 percent dividend was paid in March).
Therefore, in this round of MAYBANK and CIMB, the two bank stocks with the largest assets stormed the index. With TENAGA and Yang Jia Shuangxiong, more than two-thirds of the increase in the index this year came from these five companies.
$TENAGA (5347.MY)$ $YTL (4677.MY)$ $YTLPOWR (6742.MY)$
For the index to rise, the banking sector must perform well, because the banking sector accounts for 41% of the index. Yesterday, MAYBANK handed over its 2024Q1 results, growing 9.8% year on year. Turnover and profit are all record highs. Coincidentally, last quarter's PAT was RM2,388 mil, and this quarter RM2,488 mil. I also congratulate you 🎊 Malaysian Stock 888!
$MAYBANK (1155.MY)$
The total share of MAYBANK and CIMB indices is 23%. As long as these two companies stabilize and slowly rise, they can at least maintain the lower limit of the index. The remaining few bank stocks are assumed to be able to hand over single-digit% growth without lagging behind, and the market will basically stabilize.
$CIMB (1023.MY)$
Assuming the rest of industry, healthcare, consumption, and electricity...

As the saying goes, we can't earn wealth beyond our perception. At the beginning of MRDIY during the PRE IPO period, the moderators were not that optimistic. I think it's not easy for a company to continue to grow at such a large scale. As a result, the performance will talk about it, and I'm punched in the face!
The company's growth over the past 5 years has continued to maintain dual growth. The main thing is that the company continues to open new stores and has done a good job in cost control. As the scale increases, MRDIY has greater bargaining power, and the net profit margin reached 12.9% in 2023 is very impressive.
$MRDIY (5296.MY)$
The company had grown to 1,255 stores by the end of 2023, and 175 new stores were opened in 2023. More than 90%, or 1,159, are MR.DIY, and the rest are MR.TOY, MR. DOLLAR, etc.
Since May is an evaluation month for blue-chip stocks every six months, blue-chip stocks with a market capitalization falling to 33 will be replaced by new stocks, so there is a good chance that SUNWAY will be listed in this round. On April 19, there was a reversal after the company's stock price fell to RM1.46. In the past, it had been rising for 6 days, rising 📈 22.6% in 3 weeks. The market capitalization soared RM13.8 billion to RM16.9 billion, and soared RM3.1 billion to maintain the status of the top 30 blue-chip stocks. This is the so-called battle to defend the top 30 blue-chip stocks.
It may be a coincidence,...

2023Q4 Genting Singapore 🇸🇬's earnings were not ideal due to unfavorable earnings. After that, the stock price fell by more than 20%, and the parent company also declined after the announcement of the Singapore results. Today's sales and net profit, which have reached new highs in recent years, are mainly due to the fact that Singapore and China were visa-free in February to drive profits.
Listed companies in Singapore only announce their results once every six months, but some companies voluntarily announce quarterly results. However, it will be very brief, usually only a few pages. The following is an explanation of Genting Singapore's Q1 performance.
$Genting Sing (G13.SG)$
$GENTING (3182.MY)$
According to the results announced in February, GenTing's profit was poor due to negative performance. Singapore has performed well this quarter, and GENM is not expected to be bad either. We can't predict stock prices, but net profit QOQ and YOY growth shouldn't be difficult; we'll know by the end of the month!

PA is an aluminum product manufacturer with the ability to produce aluminum ingots and stamping terminal products. The major customer is First Solar from the USA. Some investors are concerned about PA's excessive reliance on a single major customer, which poses potential risks, similar to MAGNI.
However, since obtaining First Solar in 2018, the company has extended it for the third time, and each time the contract has been larger than the previous one. In January of this year, the company obtained a contract extension from First Solar for RM1,076 million for 18 months. Therefore, it is expected that the earnings will steadily increase in the next 5-6 quarters.
Due to the company's profit of only RM239k in the same period last year, the latest quarter's profit of RM12.436 million has led to a growth of 5,099.2%. Although there was a foreign exchange profit of RM2.9 million, there was also an ESOS expense of RM1.8 million, but after deducting, there is still a PAT of over RM11.5 million.
The company's new production capacity has been upgraded in March, mainly to cope with the historically high contract obtained in January. It is expected that in the next quarter, with the contribution of the new production capacity, the turnover and profit will increase.
$PA (7225.MY)$  
The company's net cash in the latest quarter has reached a new high of RM88.8 million, mainly due to profit growth, reduced inventory, and collection of accounts receivable.
Company shares...

Today, glove stocks once again become the most handsome guys on the market.
The main reason is that the United States has escalated the trade war to a new level.
Yesterday evening,
The White House announced the latest round of import tariffs on Chinese products, significantly increasing the import tariffs on specific products from China. The products involved are as follows:
1. Steel and aluminum (increasing from 0-7.5% to 25% in 2024)
2. Semiconductors (increasing from 25% to 50% in 2025)
3. Electric vehicles (increasing from 25% to 100% in 2024)
4. Lithium-ion batteries (increasing from 7.5% to 25% in 2024)
5. Electric vehicle battery components (increasing from 7.5% to 25% in 2024)
6. Solar energy batteries (increasing from 25% to 50% in 2024)
10. Medical injectors and needles (increasing from 0% to 50% in 2024)
7. Personal protective equipment, including certain respirators and masks (increasing from 0-7.5% to 25% in 2024)
8. Rubber medical and surgical gloves (increasing from 7.5% to 25% in 2026)
This measure,
Besides nominally encouraging the localization of American products,
is also expected to make American importers,
Shift the source of imported products to Southeast Asian countries / countries in South America.
In concept,
The areas of the Malaysian stock market that benefit are as follows:
1. Aluminum alloy product manufacturers (extrusion/casting)
$LBALUM (9326.MY)$ $PA (7225.MY)$ $PMETAL (8869.MY)$
...