Hi, mooers!
Solar District Cooling Group will be listed on the ACE Market on September 19. It has received 31,678 applications for 3,074,469,300 shares with a value of RM1.17 billion, which makes its Initial Public Offering (IPO) oversubscribed by 144.08 times.
How will the market react to SDCG's IPO results? Make your guess now!
(Vote will close at 14:00 am MYT on Sep 19)
🎁Rewards:
● An equal share of 5,000 points: Predic...

Welcome to our Community Highlight Roundup💡
During the Jackson Hole Economic Symposium, our community members actively discussed assets that could be affected by the anticipated rate cuts. 🤔
Today, we'd like to share to present a selection of insightful posts from mooers. But first, let's take a look at the poll results. 👀
"The poll is for entertainment purposes only and is not investment advice or a recommendation of any investment or financi...

Following our previous writing, Central Global Bhd (CGB) had successfully secured a very big size contract which will change the fundamentals of the company going forward.
Just today, CGB accepted a Letter of Award (LoA) from Pembinaan Urusmesra Sdn Bhd, for a significant contract valued at RM616.4 million for the construction work of Pan Borneo Sabah Phase 1B (Lahad Datu — Kg. Sandau) Work Package 22.
This contract is expected to sta...

The Bank of Japan maintained its dovish stance, easing market tension for a while. The Dow Jones Industrial Average rose 480 points at the beginning of the session, while the S&P 500 index and the Nasdaq Composite Index reached daily highs of 1.7% and 2.1%, respectively. The Philadelphia Semiconductor Index and the China Securities Index also rose to 3.8% and 1.5% daily highs, respectively.
However, due to the escalation of conflict in the Middle East region and sluggish demand for US debt, the rebound in US stocks failed to continue. After the afternoon session, the whole market declined, and eventually closed at a daily low. The Dow eventually fell more than 230 points, and the chip stock index fell more than 3%. The VIX Panic Index rebounded after falling 21% for a while.
In terms of individual stocks, after rising 4.4% for a while, Nvidia turned down more than 5%, marking a fall below the $100 mark. Tesla and Apple stock prices also experienced a similar roller coaster. Tesla eventually fell 4.4%, while Apple rose slightly by 1.3%, ending two consecutive days of decline. On the other hand, ultra-microcomputers plummeted by more than 20% due to financial reports falling short of expectations, while Novo Nordisk plummeted more than 8% due to poor quarterly results and lower profit expectations.
On the bond market side, the 10-year US bond yield fell sharply after poor non-farm payrolls data, but this week it rebounded under the influence of sluggish auction demand, reaching a high of 3.98%. However, weak sales of 20-year US bonds attracted market attention, and former US Treasury Secretary Mnuchin proposed that the issuance of these bonds should be terminated.
In the money market, the exchange rate of the yen against the US dollar fell for two consecutive days, then fell 2.5% intraday, erasing the rise...