(Kuala Lumpur, 21st) Sunway City Industries $SIMEPROP (5288.MY)$ 's revenue and net profit for the first nine months of the 2024 fiscal year have both hit new highs, and the management is optimistic that the bullish trend can continue into the 2025 fiscal year.
Dato' Sri Azmi Ma'alek, Managing Director of Sunway City Industries, expressed during today's online performance briefing that the company currently has multiple projects waiting to be launched. Continuously diversifying industries by launching various projects such as industrial and residential projects to strengthen the business development.
Therefore, he is optimistic about the performance in the 2025 fiscal year and will continue to drive projects or acquire quality assets to increase recurring revenue.
Our goal is to transform from a company focused on industrial development to a comprehensive industrial company.
When asked about the slight decline in performance compared to the previous period, Azmi Mahathir said that the planned strategies are designed for the entire year, not just focusing on quarterly performance, hence there are no specific strategies per quarter.
He mentioned that currently there are indeed non-core assets ready for sale, including those away from the Klang Valley and Klang Valley area, but everything will still depend on market conditions and demand.
If the market conditions improve and the price is right, they will be sold. Everything is still subject to the team's exploration, but at this stage, there are no specific selling strategies.
Committed to solving the issue of water disasters.
On the other hand, due to over 10 residents in the Bukit Raja town of Klang frequently complaining about water disasters, Azmi Marikeni pointed out that as a responsible developer, they will discuss the issues with the relevant authorities, and this is also...

Hello everyone!
This Wednesday, we're eagerly awaiting $NVIDIA (NVDA.US)$ Q3 earnings report—especially significant as it's their first since joining the Dow Jones Index.
Earnings season is like a market battlefield, full of rapid shifts that can bring joy to some and disappointment to others.
In these volatile times, capturing market opportunities isn't easy.
To thrive during earnings season, you need the right skills and ...

Why was the gambling license for Genting Sing extended by two years instead of the usual three years?
genting sing $Genting Sing (G13.SG)$ The operation gambling license has been renewed for two years, effective from February next year.
The operation of Resorts World Sentosa (RWS) by Genting Sing, assessed by the Singapore Gambling Regulatory Authority (GRA) as "suitable for managing and operating a casino", was renewed for 2 years due to poor tourism performance instead of the usual 3 years.
According to the report from the Singapore news website CNA, the Singapore Gambling Regulatory Authority (GRA) has found that from January 1, 2021 to December 31, 2023, the tourism performance of Sentosa Integrated Resort in Singapore needs to "make rectifications and improvements in many aspects".
This conclusion is based on the investigation results of an independent evaluation team appointed by the Ministry of Trade and Industry (MTI) of Singapore.
The team assessed the ability of Sentosa Integrated Resort in Singapore to develop, maintain, and promote its integrated resort as a "tourist destination that attracts visitors, meets market demands, and industry standards".
The Singapore Gambling Regulatory Authority stated that when deciding to extend the casino license, they also took into account the opinions of the Ministry of Trade and Industry, the Singapore Tourism Board, and the Sentosa Development Corporation.
According to CNA's report, the new two-year gambling license will take effect on February 6, 2025. The next evaluation will take place in 2026.
A fine of 7.42 million ringgit
The Singapore Gambling Regulatory Authority stated that it will continue...

$Interactive Strength (TRNR.US)$ I like the stock.

$XPeng (XPEV.US)$
Xpeng reported strong third-quarter financial results, with revenue exceeding expectations and gross margin hitting a record high.
Demand was solid in the period and price competition doesn't appear to be getting any worse.
The Chinese electric vehicle (EV) maker reported third-quarter revenue of 10.1 billion yuan (USD1.44 billion), beating analysts' estimates of 9.9 billion yuan in a Bloomberg survey, according to i...

Weekly Performance Checkpoint
【SRT】
$CSOP S-REITs INDEX ETF (SRT.SG)$   ’s losses were led by hotel REITs by subsector and FLT and CLAR by individual REITs. UBS reported a mixed Q3 2024 for SREIT. Despite a narrowing difference between signing and passing rents, rent reversion in Singapore sectors remained robust overall.
【MMF】
Last week, core CPI rose 0.28% m/m in October, softer than JPM's prediction but matched consensus, driven by une...

GENM Genting Malaysia - stopped falling...
$GENM (4715.MY)$ $GENTING (3182.MY)$
GENM Genting Malaysia - stopped falling...

Recap: S&P 500 Recent Performance: November 1–17, 2024
The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ has demonstrated strong gains this year, but November has seen mixed momentum: November 1–8: The index surpass past 6,000 (ATH: 6017🥳🥳🥳), supported by solid earnings reports, improved consumer sentiment, and optimism about future Federal reserve rate cuts.  November 11–17: The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ retreated...