Malaysia’s No. 1 cloud-based trading journal! Say good bye to old ways of recording trades. Record all your trades in cloud and access it anywhere, anytime.
Gotta call it. Ringgit strengthen too high too fast. Bound for some correction.
The street is now talking about 4.10-3.90 level soon.
Bias tends to kick in
What goes up must come down:
- KLCI gave back ALL of yesterday's gains, and then some
- Construction finally crumbled with a bang, down 4.6%
- Everything in the red, just a matter of how bad
The fact that these co with long USD exposure never thought of hedging (or lack thereof) baffles us. A forward sell when the pair was at 4.75 level would have saved them 4000pips already.
Your guess is as good as mine bro. But I think anything below 4.20 is going to be very painful for people, companies, etc.
There was a last min concall by Notion on Thursday. CEO wanted to be transparent about how badly MYR strength is hitting the Co. I understand he even provided scenarios where if USDMYR falls below a certain level, the Co goes into losses. 2 quarters of solid earnings recovery + growth gone down the drain. This is merely one eg. Many others are facing similar complexities.
Latest. Bfood, franchise owner Starbucks lapur kewangan terburuk dlm sejarah.
Tahunan Jun 2024: Rugi RM92mil vs profit RM103mil in 2023. Revenue pula collapsed 35% kpd RM730mil.
Starbucks kena hit 2 arah: Boikot & Competition.
How much longer will this last? Apakah strategy?
In June 2024, CGS highlighted Malaysia's data center growth, with electricity demand projected to hit 3,221 MW by 2028. A recent RHB report, also citing DC Bytes, shows a rise to 4,180.6 MW in just a month. Johor now leads in data center power needs, outpacing Kuala Lumpur.
On SPSetia
2.The second quarter of 2024 (2Q24) saw S P Setia’s revenue climb due to a significant land disposal in Taman Pelangi Indah, valued at RM564 million. This sale led to a substantial boost in the company’s earnings, pushing the quarter’s earnings before interest and tax
Few notes on SPSetia
1. Unexpected higher losses from its UK Battersea project. These losses, linked to a rental guarantee agreement, were larger than anticipated and may persist until the office tower achieves optimal occupancy.
No Contest hari ini.
•Ringgit “leads gains”
•Saham. KLCI tertinggi semenjak Nov 2020 (sewaktu Covid).
•Ini bukan fenomena dari smlm, it has taken yrs to improve.
But what’s important? Knowing what we need to do to sustain this.