$GENTING (3182.MY)$ buy now cos low. sure rebound. a wake up call for them. sure managers have to work and think harder.

$Intel (INTC.US)$ come on intel. go beyond 22 today!

A quick update of my trading activities in this week (18 to 22 Nov).
New Positions
$Taiwan Semiconductor (TSM.US)$ , $Broadcom (AVGO.US)$ , $Johnson & Johnson (JNJ.US)$ , $Pfizer (PFE.US)$ , $Coca-Cola (KO.US)$ , $Occidental Petroleum (OXY.US)$
Sold out Positions
$Disney (DIS.US)$
Increased Positions
$Novo-Nordisk A/S (NVO.US)$ , $AstraZeneca (AZN.US)$ , $Huntington Ingalls Industries (HII.US)$
Decreased Positions
None

$Advanced Micro Devices (AMD.US)$  Bought. Let’s go!!

$TOPGLOV (7113.MY)$ now I revised my sell target at rm1.45 to rm1.60 by June 2025. come on Top Glove! you can do it

$NVIDIA (NVDA.US)$ someone building mega AI
hope NVidia is involved. share price should sky rocket then

$PWROOT (7237.MY)$
Recently, the company has been "buying back" its own stocks from the market, this operation is called share buyback. In simple terms, the company uses its own money to repurchase some stocks from the market and holds them in its own hands (called "treasury stocks"). This quarter, they also spent RM 23.8 million to buy back over 16 million shares of their own stocks. Currently, they have repurchased a total of 25.1 million shares, these stocks are like a part saved by the company, not participating in trades, nor paying dividends.
Why do this? Why bother? To reduce the stock supply, allowing existing shareholders to earn more? After the repurchase, the number of circulating shares in the market decreases, for example, from 0.462 billion shares in the same period last year to the current 0.452 billion shares. With fewer shares, the company's earnings per share (EPS) naturally appear higher, is this generally a good thing for the stock price?
Maybe 🤔 the company wants to tell everyone "I have confidence in myself"? Share buybacks usually indicate that the management believes the company's stocks are undervalued, and the buyback is a signal? "I think I am very valuable, otherwise why would I spend so much money buying myself?" This also gives shareholders more confidence in the company's future?
With a lot of cash on hand, what is a good way to use it? The company has a substantial amount of money on hand (approximately RM 101.4 million). Instead of leaving it idle, it is better to use this money for share buybacks or dividends to reward shareholders.
On the positive side for investors, of course, directly increasing shareholder benefits, share buybacks reduce the number of stocks in the market...