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$99SMART (5326.MY)$
The third quarter financial report of 99 Speed Mart Retail Holdings Berhad for the year 2024 reveals the company's financial performance and operational situation during that period. Here is a summary of key information and investment analysis:
Financial summary
- Income and profit growth
✅ - This quarter: income of 2.55021 billion ringgit, an 8.8% year-on-year increase; gross profit of 0.219736 billion ringgit, an increase of 1.3% year-on-year; operating profit of 0.478856 billion ringgit, an 8.6% year-on-year increase. Net income of 0.10716 billion ringgit, a 3.5% year-on-year decrease; excluding one-time charges, normalized net income is 0.126 billion ringgit, a 13.2% year-on-year increase.
✅ - Nine months cumulative: income of 7.39395 billion ringgit, an 8.7% year-on-year increase; gross profit of 0.692973 billion ringgit, an increase of 10.0% year-on-year; operating profit of 1.437028 billion ringgit, an increase of 14.4% year-on-year. Net income of 0.365847 billion ringgit, a 24.6% year-on-year increase; after excluding one-time charges, normalized net income is 0.386 billion ringgit, a 31.2% year-on-year increase.
- Cost Analysis
❌ - This quarter: Sales cost 2.330474 billion ringgit, a year-on-year increase of 9.6%; administrative and other operating expenses 0.322391 billion ringgit, a year-on-year increase of 14.8%, including 2320...
The third quarter financial report of 99 Speed Mart Retail Holdings Berhad for the year 2024 reveals the company's financial performance and operational situation during that period. Here is a summary of key information and investment analysis:
Financial summary
- Income and profit growth
✅ - This quarter: income of 2.55021 billion ringgit, an 8.8% year-on-year increase; gross profit of 0.219736 billion ringgit, an increase of 1.3% year-on-year; operating profit of 0.478856 billion ringgit, an 8.6% year-on-year increase. Net income of 0.10716 billion ringgit, a 3.5% year-on-year decrease; excluding one-time charges, normalized net income is 0.126 billion ringgit, a 13.2% year-on-year increase.
✅ - Nine months cumulative: income of 7.39395 billion ringgit, an 8.7% year-on-year increase; gross profit of 0.692973 billion ringgit, an increase of 10.0% year-on-year; operating profit of 1.437028 billion ringgit, an increase of 14.4% year-on-year. Net income of 0.365847 billion ringgit, a 24.6% year-on-year increase; after excluding one-time charges, normalized net income is 0.386 billion ringgit, a 31.2% year-on-year increase.
- Cost Analysis
❌ - This quarter: Sales cost 2.330474 billion ringgit, a year-on-year increase of 9.6%; administrative and other operating expenses 0.322391 billion ringgit, a year-on-year increase of 14.8%, including 2320...
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Meta Platforms (NASDAQ: META), as the world's largest social media company, has seen its stock price rise by nearly 660% over the past decade. This growth has been driven by the rapid expansion of its core apps (Facebook, Instagram, Messenger, and WhatsApp) and a significant increase in advertising revenue. Currently, Meta and Google, under Alphabet (NASDAQ: GOOG, GOOGL), have formed an almost monopolistic duopoly in the digital advertising markets of several countries.
In contrast, Alphabet's stock price has risen by about 500% over the past decade. This growth has been primarily driven by Google's search engine, YouTube, and cloud computing platform. These services, along with market-leading products like the Chrome browser, Android operating system, and Gmail, provide a wealth of data for its core advertising business. However, Google is at a disadvantage in cloud infrastructure competition and has failed to leverage its dominant position in the search market to launch a sustainable successful social media platform. Additionally, Google faces challenges such as the rise of generative AI search engines (like OpenAI's SearchGPT), antitrust investigations, and demands from the U.S. Department of Justice (DOJ) to divest its Chrome business.
As of now, Meta's market cap is $1.4 trillion...
In contrast, Alphabet's stock price has risen by about 500% over the past decade. This growth has been primarily driven by Google's search engine, YouTube, and cloud computing platform. These services, along with market-leading products like the Chrome browser, Android operating system, and Gmail, provide a wealth of data for its core advertising business. However, Google is at a disadvantage in cloud infrastructure competition and has failed to leverage its dominant position in the search market to launch a sustainable successful social media platform. Additionally, Google faces challenges such as the rise of generative AI search engines (like OpenAI's SearchGPT), antitrust investigations, and demands from the U.S. Department of Justice (DOJ) to divest its Chrome business.
As of now, Meta's market cap is $1.4 trillion...
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$Bitcoin (BTC.CC)$ Think we're in a dead cat bounce here. I'm no chart expert, but it looks like we're going back down.
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We have seen $Palantir (PLTR.US)$ continue its run during the AI rally, the concerns of overvaluation is still there, but I think we need to really look at how Palantir overall business have been performing.
I have a position on Palantir which I have hold because of the experience I have with their platform, so as we can see that Palantir have really grow since it experienced some stock price volatility over the past one year.
Pa...
I have a position on Palantir which I have hold because of the experience I have with their platform, so as we can see that Palantir have really grow since it experienced some stock price volatility over the past one year.
Pa...
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$Tesla (TSLA.US)$
Tesla has confirmed through a new job listing that it plans to establish a 'teleoperation' team to remote control its upcoming robotaxi fleet.
It's something that Tesla really needs in order to deliver a robotaxi service, and something that market leader Waymo has already deployed.
Teleoperation involves controlling the robotaxi by a human through remote control. It is old technology and has been around for 40 years. This is not leve...
Tesla has confirmed through a new job listing that it plans to establish a 'teleoperation' team to remote control its upcoming robotaxi fleet.
It's something that Tesla really needs in order to deliver a robotaxi service, and something that market leader Waymo has already deployed.
Teleoperation involves controlling the robotaxi by a human through remote control. It is old technology and has been around for 40 years. This is not leve...
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