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![I did enter anyway](https://sgsnsimg.moomoo.com/sns_client_feed/152375282/20240911/da99467989d5a04cac991f8376e278cf.jpg/thumb?area=102&is_public=true)
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Puchong water supply project breached, leading to a 4% plunge in Kinwah's early trading.
(Kuala Lumpur, 9th) Following the occurrence of a embankment breach and flooding accident at a construction site in Puchong, the project contractor -- $GAMUDA (5398.BMS)$ Jinwu Da faced a negative investment sentiment today and its stock price fell as much as 4.32% during intraday trading.
Under the influence of the negative news of the accident at the construction site, Gamuda fell 32 sen or 4.32% to RM7.09 in early trading. The stock later recovered some of its losses, but as of 12:30 pm, it was still down 11 sen or 1.5%, trading at RM7.30.
Gamuda is currently constructing the first phase of the Rasau River water supply scheme in Bukit Jalil, Selangor. However, last Saturday (7th), an embankment breach incident occurred, causing the lake water to surge into and flood the construction site.
Nevertheless, Gamuda issued a statement on Sunday announcing that no casualties were caused by the incident, and the affected construction site has been halted for investigation to determine the next course of action.
According to preliminary assessments, the overall project can still be completed according to the original schedule, within 2025.
The analyst also stated that the first phase of the Rasau River water supply scheme has been 15% completed as of April this year, with the remaining construction value of 1.7 billion ringgit.
Gamuda was previously awarded the relevant contracts by the Selangor Water Management Authority, with a value of 1.96 billion ringgit, and is expected to be completed by June 2025.
Source of Information: Nanyang Commercial News
Disclaimer: This content is for reference and educational purposes only...
(Kuala Lumpur, 9th) Following the occurrence of a embankment breach and flooding accident at a construction site in Puchong, the project contractor -- $GAMUDA (5398.BMS)$ Jinwu Da faced a negative investment sentiment today and its stock price fell as much as 4.32% during intraday trading.
Under the influence of the negative news of the accident at the construction site, Gamuda fell 32 sen or 4.32% to RM7.09 in early trading. The stock later recovered some of its losses, but as of 12:30 pm, it was still down 11 sen or 1.5%, trading at RM7.30.
Gamuda is currently constructing the first phase of the Rasau River water supply scheme in Bukit Jalil, Selangor. However, last Saturday (7th), an embankment breach incident occurred, causing the lake water to surge into and flood the construction site.
Nevertheless, Gamuda issued a statement on Sunday announcing that no casualties were caused by the incident, and the affected construction site has been halted for investigation to determine the next course of action.
According to preliminary assessments, the overall project can still be completed according to the original schedule, within 2025.
The analyst also stated that the first phase of the Rasau River water supply scheme has been 15% completed as of April this year, with the remaining construction value of 1.7 billion ringgit.
Gamuda was previously awarded the relevant contracts by the Selangor Water Management Authority, with a value of 1.96 billion ringgit, and is expected to be completed by June 2025.
Source of Information: Nanyang Commercial News
Disclaimer: This content is for reference and educational purposes only...
Translated
![Kinwah's stock price opened down 4%. What happened?](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240909/1725863725623-de77cb6e4c.jpeg/thumb?area=104&is_public=true)
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$RH PetroGas (T13.SG)$ $Rex Intl (5WH.SG)$ $Dyna-Mac (NO4.SG)$ $Crude Oil Futures(OCT4) (CLmain.US)$
Morgan Stanley on Mon cut its Brent crude oil forecasts for coming quarters and said the global oil market is facing a period of demand weakness similar to those seen during recessions.
Brent crude futures settled at their lowest levels since Dec 2021 on Fri at USD71.06. Brent was trading around USD71.74 a barrel as of 102...
Morgan Stanley on Mon cut its Brent crude oil forecasts for coming quarters and said the global oil market is facing a period of demand weakness similar to those seen during recessions.
Brent crude futures settled at their lowest levels since Dec 2021 on Fri at USD71.06. Brent was trading around USD71.74 a barrel as of 102...
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Next, theCondor Put option
ACondor Put Spread(orlong condor put spread) involves (4 legs) four put options with the same expiration date but different strike prices. It consists of buying one higher strike put, selling one put at a second lower strike, selling another put at a third lower strike, and buying one more put at the lowest strike. This is aneutral to slightly bearish strategy, designed to profit when the stock stays w...
ACondor Put Spread(orlong condor put spread) involves (4 legs) four put options with the same expiration date but different strike prices. It consists of buying one higher strike put, selling one put at a second lower strike, selling another put at a third lower strike, and buying one more put at the lowest strike. This is aneutral to slightly bearish strategy, designed to profit when the stock stays w...
![All Options Strategy explained on MooMoo (Full Guide)- Part 2 final](https://sgsnsimg.moomoo.com/sns_client_feed/102728403/20240908/c9bf7ccec55597b95b11bd2b189d082f.jpg/thumb?area=101&is_public=true)
![All Options Strategy explained on MooMoo (Full Guide)- Part 2 final](https://sgsnsimg.moomoo.com/sns_client_feed/102728403/20240908/a7b83e855d821cd83f1b3905681b24cc.jpg/thumb?area=101&is_public=true)
![All Options Strategy explained on MooMoo (Full Guide)- Part 2 final](https://sgsnsimg.moomoo.com/sns_client_feed/102728403/20240908/0fdd7b8797f6b1e99c9115130bf9322a.jpg/thumb?area=101&is_public=true)
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$NIO Inc (NIO.US)$ even with this red market, Nio stood green which is great and unusual for this stock!! 💪 Can't wait to ride the next week monster green wave. Also optimistic about Q3 🤘
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Welcome to follow me, let's communicate together!
Amid the fluctuations in economic data and market sentiment, the second-quarter earnings reports of US stocks provide us with a unique perspective, allowing us to glimpse the true face of the American economy. In the first part of this article, we will delve into the performance of the technology and consumer sectors and extract investment insights from them.
Technology Stocks: Growth En...
Amid the fluctuations in economic data and market sentiment, the second-quarter earnings reports of US stocks provide us with a unique perspective, allowing us to glimpse the true face of the American economy. In the first part of this article, we will delve into the performance of the technology and consumer sectors and extract investment insights from them.
Technology Stocks: Growth En...
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$NIO Inc (NIO.US)$ is scheduled to report its quarterly earnings on 05 September 2024 before market open. NIO is expected to report a 141.9% increase in revenue to $17.378 billion from $7.19 billion a year ago.
This is inline with with the company's guidance on 06 June 2024 for the period ended 30 June, was for revenue between CNY16.59 billion and CNY17.14 billion.
Market consensus EPS estimate for NIO Inc is for a loss of $...
This is inline with with the company's guidance on 06 June 2024 for the period ended 30 June, was for revenue between CNY16.59 billion and CNY17.14 billion.
Market consensus EPS estimate for NIO Inc is for a loss of $...
![Can NIO Inc (NIO) Lower Cost And Subsidies In Q2 Help Boost Its Earnings?](https://sgsnsimg.moomoo.com/sns_client_feed/101760671/20240904/a74f0413a3822abf5c4500a16990d3cd.png/thumb?area=101&is_public=true)
![Can NIO Inc (NIO) Lower Cost And Subsidies In Q2 Help Boost Its Earnings?](https://sgsnsimg.moomoo.com/sns_client_feed/101760671/20240904/a947f689c51c73e3aa134b0beac3986f.png/thumb?area=101&is_public=true)
![Can NIO Inc (NIO) Lower Cost And Subsidies In Q2 Help Boost Its Earnings?](https://sgsnsimg.moomoo.com/sns_client_feed/101760671/20240904/cb115c1616e86cbda57374d54b4a4871.png/thumb?area=101&is_public=true)
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US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4 Hour Chart) -[BEARISH ↘ **]Price has been toppish and failed to make any meaningful push higher. We turn bearish below 5670 resistance, expecting price to pause below this level before pushing lower towards 5375 support. Stochastics indicator is reacting below resistance where price dropped in the past. Price is also holding below 21 perio...
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4 Hour Chart) -[BEARISH ↘ **]Price has been toppish and failed to make any meaningful push higher. We turn bearish below 5670 resistance, expecting price to pause below this level before pushing lower towards 5375 support. Stochastics indicator is reacting below resistance where price dropped in the past. Price is also holding below 21 perio...
![Markets are risk-off following last night's sell-off. Trade Cautiously](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240904/84b2da27e6172e4445ee4af358027efa.jpg/thumb?area=101&is_public=true)
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