Under government support for data centers, foreign investment is returning to Malaysian stocks
(KUALA LUMPUR, 24th) Malaysia's aggressive development of semiconductor and AI data centers has successfully attracted the return of foreign investment.
According to Bloomberg's internal data, in the past 6 years, foreign capital outflows from Malaysian stocks reached RM11.5 billion, and after Prime Minister Anwar vigorously implemented policies related to semiconductors and AI data centers, foreign capital returned to Malaysian stocks this year.
Malaysia's benchmark stock index rose 12%, topping ASEAN, and initial public offerings (IPOs) also rose sharply. Investors believe that if the Prime Minister can further cut subsidies and reduce the fiscal deficit, it will bring more benefits.
Continued inflows of foreign capital reflect investors' growing confidence in Malaysia, believing that Malaysia has begun to improve after experiencing weak growth and frequent leadership changes.
Ennes Zhou (transliteration), head of ASEAN investment at BNP Paribas (transliteration), said, “We have seen a large number of clear policies to guide the country's development direction.”
“We expect that if a number of policies are put in place, the profit growth of Malaysian companies will begin now.”
According to Bloomberg data, foreign investors bought Malaysian stocks net of RM0.1 billion 72.5 million this year, but the stock markets of neighboring countries Indonesia, Thailand, and the Philippines experienced foreign exodus this year. Investors believe technology and data centers will flourish, and are betting $SUNWAY(5211.MY)$ Sunway and $YTLPOWR(6742.MY)$ Yang Zhongli Electric Power will benefit from the data center.
Since the beginning of the year, Sunway's stock price has nearly doubled, and Yang Zhongli Electric Power has also increased 88...

$GE Vernova LLC(GEV.US)$ good guidance! I bought before the spin-off in January of this year and I just hold the shares I got from my GE shares.

$Tesla(TSLA.US)$
uh-oh, double top

$Maxeon Solar Technologies(MAXN.US)$
Hit the resistance level at ~0.24
We’ll likely consolidate until the RSI chills out again.
There could be another late day pump — worst case it’ll happen tomorrow.

$BWYS(0313.MY)$
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$XAU/USD(XAUUSD.CFD)$
Gold downtrend temporally stalled at 2403 +/-?. 19/July/24. #XAUUSD's sub wave 1 (Red) of wave (A)(Green) probably stalled on 2403 +/- at multi Confluence zone of :- 1) Blue Up Trend Line 2) Nearest Peak Volume Profile 3) Daily Order Block. AND 4H Ichimoku Cloud Support , Weekly Pivot ( both not shown on chart ). P/s as this is the beginning of a "downtrend" it's better to short than long..

Gold Muda won another Australian railway contract, which can reap 2.3 billion in 10 years
(Kuala Lumpur 18th) $GAMUDA(5398.MY)$Goldman University and its partners have been awarded a contract with the Western Australian Public Transport Authority worth 1.6 billion Australian dollars (approximately RM5.026 billion).
According to the Malaysian Stock Exchange announcement, Goldman University and ALSTOM (ALSTOM), a company formed with a 46:54 shareholding ratio, have received an Australian Transport Authority contract for a period of 10 years and is expected to contribute 0.7 billion37 million Australian dollars (approximately RM2.3 billion) in revenue to Goldman.
The content of the contract is mainly the design, supply, testing, commissioning and maintenance of the Perth suburban railway network train control system. The contract will be implemented in stages, line by line, to reduce interference with train operations.
According to the statement, the partner Alstom is a French company famous in the railway field. It has completed several projects in Australia, including the Sydney Metro, the Melbourne High Capacity Metro, the New Queensland Train, and the Adelaide Train.
Gold's large order volume reached a record high
CIMB International Securities estimates that the value of orders currently held by the company has risen to a record high of RM26.5 billion.
Analysts reported today that based on the 46% shareholding in the winning consortium, the Perth contract will add RM2.3 billion to the company's orders and raise the overall order value to RM26.5 billion.
“In other words, the newly awarded contract increased the total value of the new projects won by Jinmu University this year to RM10.3 billion, which is equivalent to 2024 and 20...