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Good morning mooers! Here are things you need to know about today's market:
●Tech-Driven Sell-Off Leads to Second Day of Market Retreat
●Malaysia's Revised MM2H Scheme Faces Criticism Over Stringent Requirements
●Anticipated Recovery in Malaysian Rubber Market Amid Adverse Weather and Global Tensions
●Stocks to watch: SunCon, Genting Plantations, MCE and CIMB
-moomoo News MY
Wall Street S...
●Tech-Driven Sell-Off Leads to Second Day of Market Retreat
●Malaysia's Revised MM2H Scheme Faces Criticism Over Stringent Requirements
●Anticipated Recovery in Malaysian Rubber Market Amid Adverse Weather and Global Tensions
●Stocks to watch: SunCon, Genting Plantations, MCE and CIMB
-moomoo News MY
Wall Street S...
![MY Morning Wrap | Sunway Construction's Subsidiary Lands RM418 Million Sub-Contract for Data Centre M&E Works](https://sgsnsimg.moomoo.com/feed_image/101000104/0fa6e671576b35f190115b51be5b52cd.webp/bigjpg)
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$GDS Holdings(GDS.US$ $Alibaba(BABA.US$ $Baidu(BIDU.US$
anyone knows what's up?
i bought BABA calls yesterday after noticing very suspicious option flow and I'm up again today but I don't know why it's going up lol
i had some spare cash lying around in GDS bought a long time ago and they're up pretty nicely
anyone knows what's up?
i bought BABA calls yesterday after noticing very suspicious option flow and I'm up again today but I don't know why it's going up lol
i had some spare cash lying around in GDS bought a long time ago and they're up pretty nicely
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Google is set to invest US$2 billion in Malaysia's first data center and Cloud region at Sime Darby's Elmina Business Park, supporting 26,500 jobs across various sectors, with the total economic impact valued at $3.2 billion.
"When operational, Malaysia will join the 11 countries where Google has built and currently operates data centres to serve users around the world", the minister of Miti said. "The Google Cloud ...
"When operational, Malaysia will join the 11 countries where Google has built and currently operates data centres to serve users around the world", the minister of Miti said. "The Google Cloud ...
![Google Commits US$2 Billion Investment in Malaysia, What It Means to Tech Sector?](https://sgsnsimg.moomoo.com/sns_client_feed/101000104/20240530/d0dc07b0d3f344a688d8f0cce683a6d4.jpg?area=101&is_public=true)
![Google Commits US$2 Billion Investment in Malaysia, What It Means to Tech Sector?](https://sgsnsimg.moomoo.com/sns_client_feed/101000104/20240530/866d7debdadd4d9893718bf5870335c7.jpg?area=101&is_public=true)
![Google Commits US$2 Billion Investment in Malaysia, What It Means to Tech Sector?](https://sgsnsimg.moomoo.com/sns_client_feed/101000104/20240530/f5cd67a7c78e487bb49bd6fb73f7a342.jpg?area=101&is_public=true)
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😊Hi, Malaysian mooers!
MAYBANK is set to release its next earnings report on May 24. How do you think the market will react to the company's quarterly results? Cast your vote to participate!
(Vote will close on 16:30 MYT May 24)
🎁 Rewards
👌 An equal share of 1,000 points: For mooers who correctly guess the price range of $MAYBANK(1155.MY$'s closing price at 16:45 MYT May 24 (e.g., If 50 mooers make a correct guess, ...
MAYBANK is set to release its next earnings report on May 24. How do you think the market will react to the company's quarterly results? Cast your vote to participate!
(Vote will close on 16:30 MYT May 24)
🎁 Rewards
👌 An equal share of 1,000 points: For mooers who correctly guess the price range of $MAYBANK(1155.MY$'s closing price at 16:45 MYT May 24 (e.g., If 50 mooers make a correct guess, ...
![MAYBANK Q1 FY2024 Earnings Preview: Grab rewards by guessing the closing price!](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240523/1716458660560-b5228973b3.png/thumb?area=104&is_public=true)
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$YINSON(7293.MY$ O&G stock are generally green in YTD but Yinson is still trading at way lower of its TP.
anything can spice up this stock ?
anything can spice up this stock ?
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HARTA's revenue increased by 2.4% compared to the same period last year, mainly due to increased ASP and higher US dollar exchange rates. The lower margin this quarter was mainly due to an increase in the price of raw materials, but Harta mentioned that demand for gloves has also increased. The quarter was still profitable on interest.
Demand for rubber gloves showed initial signs of improvement, and sales orders gradually resumed. Furthermore, capacity rationalization measures carried out by domestic manufacturers, combined with the withdrawal of some smaller market players, helped ease some oversupply pressures. The global production capacity of rubber gloves is still too high, and the rise in raw materials and natural gas prices has led to a decline in the overall margin of gloves due to the inability to increase ASP again.
Overall, the excessive production capacity of local gloves has been mitigated to a certain extent, but global production capacity is still too high. The quarter was still profitable with 60 mils of interest. $HARTA(5168.MY$
Demand for rubber gloves showed initial signs of improvement, and sales orders gradually resumed. Furthermore, capacity rationalization measures carried out by domestic manufacturers, combined with the withdrawal of some smaller market players, helped ease some oversupply pressures. The global production capacity of rubber gloves is still too high, and the rise in raw materials and natural gas prices has led to a decline in the overall margin of gloves due to the inability to increase ASP again.
Overall, the excessive production capacity of local gloves has been mitigated to a certain extent, but global production capacity is still too high. The quarter was still profitable with 60 mils of interest. $HARTA(5168.MY$
Translated
![Harta's latest performance](https://sgsnsimg.moomoo.com/sns_client_feed/103435059/20240521/4975465393897da2e39dd9dea23333a6.jpg/thumb?area=104&is_public=true)
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