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$KUCINGKO(0315.MY$
Catcat stocks were strong, and the animation company Kucingko (KUCINGKO, 0315, GEM) went public on the first day. The stock price trend was strong. The opening price was 80.5 cents, which was 30 cents compared to the initial public offering (IPO), and the premium was as high as 168.33%.
Kucingko, which specializes in 2D animation production, is the first animation company in the Malaysian stock market. It is highly sought after by investors. Previously, it was oversubscribed by 99.02 times. The highest since the opening of the stock rose to 84 cents, and the premium compared to the sale price was as high as 180%.
However, the stock price later retracted. As of 11:00, it was reported at 58 cents, but it was still 28 cents, or 93.33%, compared to the IPO price.
In the face of strong stock price trends, Executive Director Shi Zhenyu is very excited and believes that the outside world is looking forward to Kucingko.
“I'm very excited right now. I think the outside world is expecting a lot from Kucingko, which reflects the strong opening price. Of course, everyone wants the stock price to stay high for a long time, but the current performance shows market confidence.”
Get government support
Regarding the performance of the Malaysian animation industry, he believes that the Malaysian animation industry is currently booming. Over the past few years, the government has spared no effort to promote this industry, and there are many local companies in the market that connect with foreign companies, such as Kucingko.
“We are also working with the state government to establish a talent pool and train more animation specialists...
Catcat stocks were strong, and the animation company Kucingko (KUCINGKO, 0315, GEM) went public on the first day. The stock price trend was strong. The opening price was 80.5 cents, which was 30 cents compared to the initial public offering (IPO), and the premium was as high as 168.33%.
Kucingko, which specializes in 2D animation production, is the first animation company in the Malaysian stock market. It is highly sought after by investors. Previously, it was oversubscribed by 99.02 times. The highest since the opening of the stock rose to 84 cents, and the premium compared to the sale price was as high as 180%.
However, the stock price later retracted. As of 11:00, it was reported at 58 cents, but it was still 28 cents, or 93.33%, compared to the IPO price.
In the face of strong stock price trends, Executive Director Shi Zhenyu is very excited and believes that the outside world is looking forward to Kucingko.
“I'm very excited right now. I think the outside world is expecting a lot from Kucingko, which reflects the strong opening price. Of course, everyone wants the stock price to stay high for a long time, but the current performance shows market confidence.”
Get government support
Regarding the performance of the Malaysian animation industry, he believes that the Malaysian animation industry is currently booming. Over the past few years, the government has spared no effort to promote this industry, and there are many local companies in the market that connect with foreign companies, such as Kucingko.
“We are also working with the state government to establish a talent pool and train more animation specialists...
Translated
![Catcat stock rose 168% when Kucingko went public](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240726/1721965457756-18bcc0d2ba.jpeg/thumb?area=104&is_public=true)
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$WELLCHIP(5325.MY$
Based on the 1Q 2024 which was released last week the revenue and net profit was RM 55 mil and RM 12 mil respectively. The net profit margin was 22%.
Annualised 4Q revenue and net profit for entire 2024 will be RM 220 mil and RM 48 mil.
Total no. Shares = 600 mil
EPS = 48/600 = 8 sen
PE ratio = 1.15/0.08 =14.4x
ROE = 16.5%
Peers:
1) *Pappajack*: TTM revenue, net profit and net profit margin of RM 120 mil, RM 21.2 mil and 17.6%. PE ratio of 37 x, ROE 8.4%.
2) *EMCC*= RM ...
Based on the 1Q 2024 which was released last week the revenue and net profit was RM 55 mil and RM 12 mil respectively. The net profit margin was 22%.
Annualised 4Q revenue and net profit for entire 2024 will be RM 220 mil and RM 48 mil.
Total no. Shares = 600 mil
EPS = 48/600 = 8 sen
PE ratio = 1.15/0.08 =14.4x
ROE = 16.5%
Peers:
1) *Pappajack*: TTM revenue, net profit and net profit margin of RM 120 mil, RM 21.2 mil and 17.6%. PE ratio of 37 x, ROE 8.4%.
2) *EMCC*= RM ...
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$Selina Hospitality(SLNA.US$ I cut loss 50% on this since holding for few months. Well, it's up 50% now
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$Apple(AAPL.US$ lel back to 219 which I regret to sell early weeks ago, now I feel better and laugh
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•Following the attempted assassination of Donald Trump, his odds of a presidential return have risen, as per PredictIt data. Trump's advocacy for looser fiscal policy and increased tariffs is generally seen as beneficial for the US dollar and US yields. Furthermore, a Trump win and a Republican sweep could increase volatility and fiscal worries, thereby causing higher yields and steeper curves.
•Last week’s consumption data came in stronger than expected ...
•Last week’s consumption data came in stronger than expected ...
![CSOP USD Money Market Fund Wrap-20240722](https://ussnsimg.moomoo.com/sns_client_feed/71451441/20240722/1721629309642-8cdc00b244.png/thumb?area=999&is_public=true)
![CSOP USD Money Market Fund Wrap-20240722](https://ussnsimg.moomoo.com/sns_client_feed/71451441/20240722/1721629318304-6b141bcaeb.png/thumb?area=999&is_public=true)
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