HPPHB Stock Forum

Market Remains Weak
The market showed a brief glimpse of optimism last Thursday and Friday, closing higher with some indicators turning positive. However, over the past few days, many stocks have pulled back, and all readings have reverted to negative. The brief bullish momentum has faded, proving to be short-lived.
Looking ahead, improvement in key metrics is needed to confirm a sustained bullish trend. Ideally, the Market Momentum Tracker should tur...

Market Experiencing a Slowdown
The market has been slowing down after its strong rally since last Thursday, which was largely driven by the positive sentiment from the US rate cut.
Gloves and technology stocks were hit hard today as the MYR continues to strengthen, with the MYRUSD exchange rate briefly reaching RM 4.1 this morning. These sectors are heavily exposed to the US dollar, as much of their revenue is USD-based.
On a positive note, the consum...

CGS-CIMB Research questions the likelihood of a swift bounce back to pre-pandemic demand levels for HPP's products. The group's income could fluctuate with the recovery rate of consumer E&E products' demand, variations in material expenses, and HPP's capacity to charge these expenses to its customers.

Good morning mooers! Here are things you need to know about today's market:
●Wall Street drops as Treasury yields surge, Powell speaks
●Malaysia secures over RM230 billion in FDI commitments in Jan-Sept 2023 — Zafrul
●Stocks to watch: Maybank, TNB
-moomoo News MY
Wall Street Summary
US stocks ultimately sank Thursday after being whipsawed by remarks from Federal Reserve Chair Jerome Powell. Powell's...