$GENM (4715.MY)$ Newbie here. I think many people were surprised and disappointed at the same time. Anyone care to explain in simple term why GenM lost so much money this quarter? Thanks.

$GENM (4715.MY)$
🙏🏼

2024 has been a year of ups and downs but mostly down for me.
total position has come to a nett loss of 35k mainly due to my holdings in $GENM (4715.MY)$   which constitutes almost 66% of my portfolio.
A series of bad news that engulfed $GENM (4715.MY)$ for the past year: fire that broke out in the indoor theme park, the lawsuit by its partner in USA and the subsequent disqualification from the bursa klci 30 has hammered down genm price and that really hurts ...

$LHI (6633.MY)$
Leong Hup International Bhd (LHI) jumped to a high of 77.5 sen in early Oct this year, and showed promise of further uptrend.
For the 3QFY24 results, the group reported a marginal 2% year-on-year (y-o-y) rise in net profit to RM135 million. bringing the 9MFY24’s bottom line to RM288.1 million, up 31% YoY. The robust YTD performance is likely to lead consensus to upgrade LHI’s net earnings forecasts, which currently stand at RM310.2 milli...

Updated on October 15
Semiconductor company $ASML Holding (ASML.US)$ experienced its largest drop in 26 years on October 15 after reporting only about half the orders that analysts had anticipated from chipmakers, signaling a significant slowdown for this key industry player, according to Bloomberg.
The disappointing results were further exacerbated by the company accidentally releasing its earnings report a day early. This news prompted a wid...