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    i think it is good to sell some credit spread for some premium in this short week
    In the first half of 2024, the world situation surged, hot events continued to rise, and investors also witnessed one “historic event” after another. Among the major asset classes, US stocks, supported by the “AI concept” and the “Big Seven,” have continued to be strong since last year, and have repeatedly reached new highs; while market hot spots continue to rotate, from Japanese stocks, gold, and copper to silver, to Hong Kong stocks, the target of investors' “hearts” is constantly changing.
    In these six months of ups and downs, which asset classes have dominated the world? What other market targets are underperforming? Let's have a sneak peek.
    US stock market
    The Nasdaq Composite Index, which is dominated by technology companies, remained strong in the first half of 2024, with an increase of nearly 18% from the beginning of the year; US stock giants including Nvidia, Apple, Google, Microsoft, and Amazon have repeatedly reached new highs, and various companies in the AI industry chain have blossomed more, driving the overall rise in US stocks.
    Regarding the subsequent trend, the bulls believe that the current financial environment in the US is relatively relaxed, corporate profit margins are expanding, and that US stocks are expected to continue to be supported; while the bears mainly emphasize that the continued high interest rate environment may trigger a hard landing in the economy from an interest rate perspective, and believe that the market has overlooked many risks, such as the risk of the US domestic political situation, the risk of geopolitical factors, and excessive market concentration on a few stocks such as Nvidia.
    Hong Kong stock market
    Overall, the Hong Kong stock market showed a volatile upward trend in the first half of the year. In May, there was a round of rapid rise,...
    Translated
    Mid-year inventory | The “report card” of the world's major assets has been released! The NASDAQ rose nearly 18% during the year and remained strong, and gold, silver, and copper exploded collectively
    Co-branded TaurX's new drug Genting expects approval as soon as possible
    $GENTING(3182.MY)$ Genting expects that new drugs for dementia will soon be approved by official agencies in various countries, including the US Food and Drug Administration (FDA), with a 20% shareholding company, TaurX.
    In response to questions at a press conference on Thursday, Genting Chairman and CEO Tan Sri Lam Cathay said that Genting is only a small operator in the pharmaceutical field, not comparable to many pharmaceutical giants, but the company is determined to bring cheaper and more effective drugs to the world.
    “In addition to its core business, Genting is also undertaking some new projects, and TaurX's new drug is one of them. We expect good news soon in terms of official approval of this new drug.”
    Genting President, Chief Operating Officer and Executive Director Dato' Sri Chan Kwang-han pointed out that many activities are currently underway, and the official approval process for new drugs is underway, particularly the UK Medicines and Healthcare Products Regulatory Authority (MHRA).
    “As for the FDA, we are awaiting their feedback and the process is still ongoing.”
    Chen Guanghan stressed that only the official agency knows what stage the approval process for the new TaurX drug has reached; everything has to be decided by the other party.
    According to clinical test results announced in March of this year, TaurX said that its new drug has lasting effects in fighting dementia and has no sequelae of cerebral hemorrhage. Compared with other drugs for dementia, the price is also lower.
    Source: South Seas...
    Translated
    Co-branded TaurX's new drug Genting expects approval as soon as possible
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    Diversified large-scale trading company
    Marubeni Corporation (まるべに) $Marubeni(8002.JP)$ $Marubeni (ADR)(MARUY.US)$is a diversified trading company and is one of Japan's five major trading companies. Its business projects cover many fields including food, chemicals, energy, metals, electric machinery, shipping, transportation logistics, finance and real estate. Among them, its resource business has equity ...
    The Big Five trading companies in Japan: Marubeni Corporation,a diversified agricultural giant
    The Big Five trading companies in Japan: Marubeni Corporation,a diversified agricultural giant
    The Big Five trading companies in Japan: Marubeni Corporation,a diversified agricultural giant
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    Foreign capital has flowed into Malaysian stocks for the second week in a row. Last week's net purchase amount was RM22.4 million. Compared with the previous week's net purchase of RM535 million, the inflow has slowed.
    According to MIDF Research's latest capital flow report, foreign investors bought Malaysian stocks on a 3-day trading day last week; of these, Thursday recorded the largest net purchase amount of RM197.4 million.
    Foreign investors only turned net sales last Wednesday and Friday, selling 82.7 million and RM58.1 million shares, respectively.
    Looking at last week, the top three sectors favored by foreign investment were mainly utilities (RM408 million), industrial products and services (RM142.8 million), and technology (RM108 million).
    The net sell-off sectors include financial services (RM309 million), farming (RM126.2 million), and telecommunications and media (-RM77.2 million).
    As far as last week was concerned, the biggest net sellers were retail investors, which sold off RM176.5 million shares.
    On the other hand, despite two consecutive weeks of net sales by local institutions, the sell-off was drastically reduced, with a net sale of RM25.9 million shares.
    In terms of participation, the average daily domestic trading volume (ADTV) surged 26.9% for retail investors and 14.1% for local institutions last week; foreign investment fell slightly by 4.8%.
    Net share purchases by foreign investors last week
    $TENAGA(5347.MY)$
    $PMETAL(8869.MY)$
    $MAHSING(8583.MY)$
    $MISC(3816.MY)$
    ...
    Translated
    Foreign capital inflows for two consecutive weeks made a net purchase of 200 million Malaysian stocks last week
    $Trump Media & Technology(DJT.US)$ after hours, when I saw the CTB and the dip.  It is in my Roth IRA, so no rush to bank profits.
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