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US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL]We maintain neutral with a slight bullish bias as price is currently hovering around 5955 resistance level. A 4 hour candlestick closing above 5955 resistance level would open push towards 6035 resistance level. Technical indicators are mixed for now, with price holding above 21-EMA.
Alternatively: A 4 hour candlestick closing below 5880 support level...
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL]We maintain neutral with a slight bullish bias as price is currently hovering around 5955 resistance level. A 4 hour candlestick closing above 5955 resistance level would open push towards 6035 resistance level. Technical indicators are mixed for now, with price holding above 21-EMA.
Alternatively: A 4 hour candlestick closing below 5880 support level...
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Petronas Petrochemicals $PCHEM (5183.MY)$ With a significant increase in forex losses, in the third quarter of the 2024 fiscal year (ending September), the company went from profit to loss, with a major loss of 0.789 billion ringgit, compared to a net profit of 0.424 billion ringgit in the same period last year.
This is also the first time Petronas Petrochemicals has incurred a quarterly loss since its listing.
Nevertheless, Petronas Chemicals Group recorded a revenue of 7.986 billion ringgit in the third quarter, a year-on-year increase of 17.72%.
In the first 9 months of the current financial year, Petronas Chemicals Group netted 0.656 billion ringgit, a drastic 58.59% year-on-year decline, while revenue increased by 8.20% year-on-year to 23.213 billion ringgit.
Petronas Chemicals Group stated that due to the weakening of the US dollar against the ringgit, the company incurred unrealized foreign exchange losses in revaluing accounts payable to its subsidiary, Pengerang Petrochemical Company (PPC), and in revaluing shareholder loans extended to PPC, becoming the main reason for the third quarter's profit turning into a loss.
PPC is a company operating in US dollars. The recent weakness of the US dollar against the ringgit has resulted in a forex loss of 0.536 billion ringgit when the accounts payable are reassessed, while the reassessment of shareholder loans has also caused a forex loss of 0.492 billion ringgit.
Forex losses amount to a total of 1.1 billion.
In addition to other business forex losses, Petrochemical Corporation faces a total forex loss of 1.1 billion ringgit in the third quarter.
Under the impact of the forex losses mentioned above, Petronas Chemicals Group's other expenses in the third quarter surged from 2 million ringgit in the same period last year to 11...
This is also the first time Petronas Petrochemicals has incurred a quarterly loss since its listing.
Nevertheless, Petronas Chemicals Group recorded a revenue of 7.986 billion ringgit in the third quarter, a year-on-year increase of 17.72%.
In the first 9 months of the current financial year, Petronas Chemicals Group netted 0.656 billion ringgit, a drastic 58.59% year-on-year decline, while revenue increased by 8.20% year-on-year to 23.213 billion ringgit.
Petronas Chemicals Group stated that due to the weakening of the US dollar against the ringgit, the company incurred unrealized foreign exchange losses in revaluing accounts payable to its subsidiary, Pengerang Petrochemical Company (PPC), and in revaluing shareholder loans extended to PPC, becoming the main reason for the third quarter's profit turning into a loss.
PPC is a company operating in US dollars. The recent weakness of the US dollar against the ringgit has resulted in a forex loss of 0.536 billion ringgit when the accounts payable are reassessed, while the reassessment of shareholder loans has also caused a forex loss of 0.492 billion ringgit.
Forex losses amount to a total of 1.1 billion.
In addition to other business forex losses, Petrochemical Corporation faces a total forex loss of 1.1 billion ringgit in the third quarter.
Under the impact of the forex losses mentioned above, Petronas Chemicals Group's other expenses in the third quarter surged from 2 million ringgit in the same period last year to 11...
Translated
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u know $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ will b green at least +0.5%
only i commented all year long when $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ was red all year long, up and down or even underground during reverse split/divident giving (get 7% divident, loss 70% value )
1 rally would be enuf
some said im mad
but i think market already got insane, euphoric, even each n every mag7 company market cap more than some developed country GDP...
n war was...
only i commented all year long when $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ was red all year long, up and down or even underground during reverse split/divident giving (get 7% divident, loss 70% value )
1 rally would be enuf
some said im mad
but i think market already got insane, euphoric, even each n every mag7 company market cap more than some developed country GDP...
n war was...
loading...
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$Mermaid Maritime (DU4.SG)$
CGS Intl reiterate their Add call, with a lower TP of S$0.16 from S$0.20 on reduced net profit expectations. Key catalyst: announcement of new order wins.
3Q24 revenue was down slightly qoq on completion of decommissioning contracts in the UK and Thailand, partially offset by stronger cable-laying.
We broadly maintain FY24F-26F gross margin estimates but reduce revenue forecasts on lower fleet utilisation and decommissioning order assumptions.
Excluding forex loss of U...
CGS Intl reiterate their Add call, with a lower TP of S$0.16 from S$0.20 on reduced net profit expectations. Key catalyst: announcement of new order wins.
3Q24 revenue was down slightly qoq on completion of decommissioning contracts in the UK and Thailand, partially offset by stronger cable-laying.
We broadly maintain FY24F-26F gross margin estimates but reduce revenue forecasts on lower fleet utilisation and decommissioning order assumptions.
Excluding forex loss of U...
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$S&P 500 Index (.SPX.US)$hovering at 5860 with many stocks experiencing dips at premarket. News and fear of WWIII also on the back of my mind.
$NVIDIA (NVDA.US)$looks posed for upward gains although last ER lessons shows a good report card may not be impressive enough for the market.
$Alphabet-A (GOOGL.US)$ , $Apple (AAPL.US)$ & $Tesla (TSLA.US)$ showing gains but too early to tell with marketing showing volatility today.
$Microsoft (MSFT.US)$downwards movement hurting my profits t...
$NVIDIA (NVDA.US)$looks posed for upward gains although last ER lessons shows a good report card may not be impressive enough for the market.
$Alphabet-A (GOOGL.US)$ , $Apple (AAPL.US)$ & $Tesla (TSLA.US)$ showing gains but too early to tell with marketing showing volatility today.
$Microsoft (MSFT.US)$downwards movement hurting my profits t...
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Recovering from the dip.
Hopefully, it grows in Nov.
Give it some water and space.
It will blossom into 🌸
Hopefully, it grows in Nov.
Give it some water and space.
It will blossom into 🌸
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