Katherinerce
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US stocks plummeted last night due to Tesla
The three major US stock indices all fell by more than 1%
Nasdaq is particularly serious
Bursa these days $BURSA(1818.MY$ The mood of horse stocks is weak
Cloudy and rainy, remember to take good measures against rain when going out
If it falls, if there are bullets, there are more chances
I'll see you at JB in 3 weeks
When the time comes, let's talk about this year's sections worth watching
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY$
Registration link: Crossing Malaysia through the US 2.0 offline sharing session
forms.gle/5lcnf...
The three major US stock indices all fell by more than 1%
Nasdaq is particularly serious
Bursa these days $BURSA(1818.MY$ The mood of horse stocks is weak
Cloudy and rainy, remember to take good measures against rain when going out
If it falls, if there are bullets, there are more chances
I'll see you at JB in 3 weeks
When the time comes, let's talk about this year's sections worth watching
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY$
Registration link: Crossing Malaysia through the US 2.0 offline sharing session
forms.gle/5lcnf...
Translated
![Getting rich has come to Johor! Welcome to sign up for our sharing session](https://sgsnsimg.moomoo.com/sns_client_feed/103435059/20240725/5c5e8622fea07848d14dfd0fb8425fc1.jpg/thumb?area=104&is_public=true)
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Katherinerce
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Katherinerce
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When Warren Buffett first started, he focussed on finding “cheap” companies without paying too much attention on the quality of the business. He referred to this as cigar-butt investing. He likens this to finding a cigar butt that still has one or two puffs left.
I would put Bursa Malaysia Astino in the cigar-butt category. This steel roofing companies faced two headwinds over the past decade – soft property market and cyclical steel prices.
Nevertheless, it is a profita...
I would put Bursa Malaysia Astino in the cigar-butt category. This steel roofing companies faced two headwinds over the past decade – soft property market and cyclical steel prices.
Nevertheless, it is a profita...
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Katherinerce
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After a sustained period of decline, the counter-drone defence technology company $Droneshield Ltd(DRO.AU$ shares finally experienced a modest uptick yesterday, rising 3.87%. Droneshield's share price has plummeted over 43%, marking a significant retreat from its 52-week high of A$2.72 reached last week.
What happened?
1. Rodney Forrest shorted Droneshield
Last Tuesday, the Australian Securities Exchange (ASX) paused the tradi...
1. Rodney Forrest shorted Droneshield
Last Tuesday, the Australian Securities Exchange (ASX) paused the tradi...
![Droneshield plummets over 43% in a week: Key takeaways for investors](https://sgsnsimg.moomoo.com/sns_client_feed/151089579/20240725/4e35baecdb7047b092dd20baa7e5fd59.jpg?area=102&is_public=true/thumb)
![Droneshield plummets over 43% in a week: Key takeaways for investors](https://sgsnsimg.moomoo.com/sns_client_feed/151089579/20240723/13ffbf8131a34207a2a3fbc434226ed3.jpg?area=102&is_public=true/thumb)
![Droneshield plummets over 43% in a week: Key takeaways for investors](https://sgsnsimg.moomoo.com/sns_client_feed/151089579/20240723/15d0d88ca34f4a24a4201db434bfd138.jpg?area=102&is_public=true/thumb)
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Katherinerce
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Rumor has it that the signing of today's deal was postponed and Shazhou's acquisition of Effen Holdings changed?
(KUALA LUMPUR 19th) It was originally scheduled to be signed by the Shazhou Government and the Armed Forces Foundation Authority (LTAT) today $AFFIN(5185.MY$ Effen Holdings' equity transaction agreement ceremony, sources revealed that it has been postponed.
“The Edge” today quoted sources as saying that the Sarawak side has delayed the signing ceremony in order to confirm some of the conditions set by the National Bank of China for the relevant exchange.
However, sources indicated that both parties to the deal will still sign a Memorandum of Understanding (MOU) today. According to information, Shazhou Prime Minister Tan Sri Abon Zohari and some senior state officials have arrived in Kuala Lumpur.
“They originally expected to come to Kuala Lumpur to sign a formal transaction agreement, but now they have signed a memorandum of understanding.”
According to earlier media reports, the Sarawak government intends to acquire a large number of shares in Effen Holdings from LTAT and increase its shareholding from the current 4.8% to 30% in one go.
After completing the deal, the Shazhou government will surpass LTAT and become the largest shareholder of Effen Holdings.
The deal requires approval from the Bank of China, and “The Edge” also quoted sources on July 1, saying that the Bank of China has conditionally approved the deal.
“It's still unclear what the relevant conditions are, but I don't expect that to cause the deal to collapse. “The Edge” learned that the Bank of China has no opinion on the Shazhou government increasing its holdings of Effen Holdings to 30%, making it the largest shareholder.”
An unnamed industry insider...
(KUALA LUMPUR 19th) It was originally scheduled to be signed by the Shazhou Government and the Armed Forces Foundation Authority (LTAT) today $AFFIN(5185.MY$ Effen Holdings' equity transaction agreement ceremony, sources revealed that it has been postponed.
“The Edge” today quoted sources as saying that the Sarawak side has delayed the signing ceremony in order to confirm some of the conditions set by the National Bank of China for the relevant exchange.
However, sources indicated that both parties to the deal will still sign a Memorandum of Understanding (MOU) today. According to information, Shazhou Prime Minister Tan Sri Abon Zohari and some senior state officials have arrived in Kuala Lumpur.
“They originally expected to come to Kuala Lumpur to sign a formal transaction agreement, but now they have signed a memorandum of understanding.”
According to earlier media reports, the Sarawak government intends to acquire a large number of shares in Effen Holdings from LTAT and increase its shareholding from the current 4.8% to 30% in one go.
After completing the deal, the Shazhou government will surpass LTAT and become the largest shareholder of Effen Holdings.
The deal requires approval from the Bank of China, and “The Edge” also quoted sources on July 1, saying that the Bank of China has conditionally approved the deal.
“It's still unclear what the relevant conditions are, but I don't expect that to cause the deal to collapse. “The Edge” learned that the Bank of China has no opinion on the Shazhou government increasing its holdings of Effen Holdings to 30%, making it the largest shareholder.”
An unnamed industry insider...
Translated
![Is Shazhou's acquisition of Effen Holdings changing the situation?](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240719/a0862cddfdd031a1b38446e14c28302c.jpg/thumb?area=104&is_public=true)
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Katherinerce
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On Wednesday, US stocks showed significant divergence. The Nasdaq Composite Index plummeted 2.8%, the biggest one-day decline in a year and a half, while the Dow Jones Industrial Average hit a new high, indicating that capital is shifting from tech stocks to more traditional industries. Furthermore, the Russell Small Cap Index fell by more than 1%, ending six days of continuous gains. This was the first time since 2001 that the NASDAQ had plummeted while the Dow was still able to close higher, reflecting the continued rotation of market capital.
In terms of the company's performance, although $ASML Holding(ASML.US$ The announced second-quarter results exceeded market expectations, but due to a mismatch between high expectations for AI technology and the speed of implementation of actual applications, its stock price plummeted by nearly 13%, triggering a collapse at one point. This reflects investors' concerns about the current boom in AI technology, particularly $NVIDIA(NVDA.US$ GB200 motherboards may delay mass production due to overheating and high voltage issues.
$iShares Semiconductor ETF(SOXX.US$ Performance was generally poor, with the Philadelphia Semiconductor Index plummeting nearly 7%. The hottest ETF tracking the index also recorded its biggest one-day decline since the pandemic. Nvidia, Applied Materials, $Advanced Micro Devices(AMD.US$ and $Lam Research(LRCX.US$ They all fell sharply by more than 10%, while those lagged behind $Intel(INTC.US$ and...
In terms of the company's performance, although $ASML Holding(ASML.US$ The announced second-quarter results exceeded market expectations, but due to a mismatch between high expectations for AI technology and the speed of implementation of actual applications, its stock price plummeted by nearly 13%, triggering a collapse at one point. This reflects investors' concerns about the current boom in AI technology, particularly $NVIDIA(NVDA.US$ GB200 motherboards may delay mass production due to overheating and high voltage issues.
$iShares Semiconductor ETF(SOXX.US$ Performance was generally poor, with the Philadelphia Semiconductor Index plummeting nearly 7%. The hottest ETF tracking the index also recorded its biggest one-day decline since the pandemic. Nvidia, Applied Materials, $Advanced Micro Devices(AMD.US$ and $Lam Research(LRCX.US$ They all fell sharply by more than 10%, while those lagged behind $Intel(INTC.US$ and...
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