Remnant17

Remnant17 | Joined since 2020-12-10

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3 days ago | Report Abuse

Thanks James, entered ..looks good and high potential

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1 week ago | Report Abuse

China central bank top buyer

China is the leading driver for both consumer demand and central bank gold purchases, and the country’s not likely to slow down.

Among central banks, the People’s Bank of China was the largest buyer of gold in 2023. China’s weak economy and embattled real estate sector also drove more investors toward the safe-haven asset, with individual gold investment remaining robust, WGC said.
Poland’s central bank was the second-largest net consumer of gold, snapping up 130 tons of bullion in 2023.

Challenges of the Russia-Ukraine war “just right next door” drives Poland’s desire for stability, said Wheaton Precious Metals CEO Randy Smallwood.

Poland’s central bank governor Adam Glapiński in 2021 had announced plans to buy 100 tons of gold in a bid to boost the country’s financial security, according to local media reports.

Singapore recorded the third highest net gold purchases in 2023, driven by purchases by the Monetary Authority of Singapore (MAS), which bought 76.51 tons.

While MAS did not disclose the reason for the investment decision, Fan surmised that central banks across the board have been wary of the geopolitical risks from the ongoing Russia-Ukraine conflict.

“They have probably been adjusting reserve allocations in accordance to their views on risk,” he said.

Retail purchases
Stronger gold prices were also driven by retail purchases of jewelry, bars and coins.

On top of the People’s Bank of China buying the most gold amongst the world’s central banks, the country also recorded the highest amount of retail gold purchases.

“At the retail consumer level, China was a major factor in strong demand for gold last year as individuals moved into gold to diversify from other asset classes,” Fan said.

According to data from the World Gold Council, China overtook India to become the world’s largest gold jewelry buyer in 2023. Chinese consumers bought 603 tons of gold jewelry last year, a 10% increase from 2022.

Alongside China, consumer demand for gold in India is also one of the world’s biggest, said Smallwood, especially during India’s wedding season, which runs typically from October to December, and between January and March.

“Gold is always the highest form of value gift that you can actually give someone within India. It’s a real big part of the wedding season,” he said.

People buy jewellery at a showroom on the occasion of Akshay Tritiya, at PP jewellers Karol Bagh on May 3, 2022 in New Delhi, India. Gold prices were flat on Friday and poised for a fourth consecutive monthly drop, as an elevated U.S. dollar and aggressive monetary policies from top central banks continued to erode demand for bullion.
While India’s jewelry demand should continue to be significant, more expensive gold could put some dent in that spending, WGC said. India’s gold jewelry consumption demand dipped 6% to 562.3 tons in 2023 from a year earlier.

That said, India’s investment in gold bars and coins grew 7% year on year. The country’s central bank demand for gold also continues to be strong, with the Reserve Bank of India purchasing 8.7 tons of gold in January, marking the highest monthly purchase since July 2022.

Aside from China and India, Turkey’s gold demand last year almost doubled that of 2022, according to WGC records.

Unrelenting consumer inflation, limited available alternative investment and domestic political uncertainty during the presidential elections last year drove Turkey’s demand for the yellow metal.
Turkish lira trading at record low against the greenback
“Turkey recorded strong retail demand as well, with investors piling into gold during the presidential election last year to protect against potential volatility in the Turkish lira,” Fan added.

Turkish annual consumer price inflation recently surged to 67.07% in February. The Turkish lira lost 40% of its value against the dollar in the past year, and is currently trading at a record low against the dollar.

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1 week ago | Report Abuse

NewsFlash>
Gold prices have been hitting record highs — here’s why the rally is far from over
PUBLISHED WED, MAR 20 20248:01 PM EDTUPDATED AN HOUR AGO.
https://www.cnbc.com/2024/03/21/gold-prices-have-hit-record-highs-heres-why-they-could-rally-further.html

Stock

1 week ago | Report Abuse

NewsFlash>
Gold prices have been hitting record highs — here’s why the rally is far from over
PUBLISHED WED, MAR 20 20248:01 PM EDTUPDATED AN HOUR AGO
https://www.cnbc.com/2024/03/21/gold-prices-have-hit-record-highs-heres-why-they-could-rally-further.html

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1 week ago | Report Abuse

(UMC) transition to the main market is progressing well on track, according to executive director/chief executive officer Lim Taw Seong.

“We believe that this strategical move is poised to unlock vast new opportunities for us to further growth and expand which underscores our continuous commitment in bringing excellence towards healthcare catering to the evolving needs of the industry,” Lim said in a statement.


“As we continue to expand, we have also started to ramp up our efforts by strengthening our workforce in anticipation of the imminent launch of our new facility slated to commence production in the coming months.

“The new factory will not only double our manufacturing capabilities but also enable us to meet the rising demand for medical consumables globally enabling us to better grow our regional footprint and propel us to new heights,” he added.

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1 week ago | Report Abuse

Just collect, cheap

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1 week ago | Report Abuse

This one can enter, looks pretty good for trade

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1 week ago | Report Abuse

Hopefully the market will give "THUMBS UP" for the improved results.

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2 weeks ago | Report Abuse

High chance this will RISE from today.

KUALA LUMPUR (March 12): Phillip Capital has maintained its “buy” rating on UMediC Group Bhd at 66 sen with a higher target price (TP) of RM1.08 (from 87 sen) and said UMediC’s 6MFY24 core net profit of RM5.3 million (+7.8% y-o-y) was in line with house forecast but missed consensus estimates.
In a note on Tuesday, the research house said the sequential earnings improvement was mainly driven by better margins from the manufacturing and distribution segments.
“We raise our target price to RM1.08 (from 87 sen) after rolling forward our valuation horizon to FY25, based on unchanged 25x PE multiple.

“We expect the commencement of new factory and product launches to drive stronger earnings delivery ahead.
“Key risks include slowdown in medical equipment demand, and the loss of license,” it said.

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2 weeks ago | Report Abuse

U r correct Fundamental Trader , so reasonable till can say cheap. Bought and also added. Thanks

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2 weeks ago | Report Abuse

Indeed very attractive and cheap

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3 weeks ago | Report Abuse

Me too, bought. Cheap man. Worth the risk tradeoff

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3 weeks ago | Report Abuse

Bought first lot. So reasonable or even can say cheap. Good chance for a quick profit

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1 month ago | Report Abuse

Can start a position now...good price

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1 month ago | Report Abuse

A solid bullish chart and APB just bought from this share at RM2/share. This could be our CNY ang pow from the market. TP RM1.80-RM2.00

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1 month ago | Report Abuse

Rights issue 10sen per share on 23 Jan 2024. Market maker definitely will go all out to pump. Last earnings are profitable TP>>14-17

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1 month ago | Report Abuse

Something is happening very fast

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2023-12-29 15:12 | Report Abuse

Can buy, just have to wait . ..accumulate first.
PROSPECTS

During the financial year under review, the Group achieved commendable growth,
reaching its highest-ever levels of revenue and profit. This notable upswing in annual
revenue is underpinned by the Group's sustained and robust order inflow from both
existing and new customers within the integrated production solutions and standalone
automated equipment sectors.
Looking forward, the Group acknowledges potential challenges in the global
semiconductor industry persisting until the first half of 2024. Nevertheless, the Group
remains resolutely committed to its long-term strategies, aiming to diversify through the
introduction of innovative products, while concurrently emphasizing the improvement
of operational efficiency and the expansion of its market presence. A robust and
gradual recovery is anticipated in the second half of the financial year 2024. The
Group's strategic priorities include diversifying our core products, securing new
projects, onboarding additional customers, and formulating a comprehensive long-term
growth plan to capitalize on potential business opportunities. By doing so, the Group
aims to expedite time-to-market for products and introduce new significant revenue
streams alongside the existing product offerings
Barring any unforeseen circumstances, the Group maintains an optimistic outlook for
both its business and the industries it operates in, with current signs pointing towards
recovery

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2023-12-15 16:08 | Report Abuse

Hello all...is this lelong price or a falling knife...thanks

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2023-12-15 16:05 | Report Abuse

Going in now with first investment. Just DCA if goes down since its quite cheap

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2023-12-15 11:52 | Report Abuse

Also bought 56.5c. Good deal

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2023-11-24 08:57 | Report Abuse

TWL Holdings Bhd Quarterly rpt on consolidated results for the financial period ended Sept 2023 is out :
1) Revenue $9352 vs $3,017 - increased by 201%
2) Net Profit $2,775 vs $179 - increased by 1450%
Definitely a good earnings number. Now lets see the great show

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2023-11-17 11:46 | Report Abuse

Looks like stable now. Yesterday war zone ..now peace

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2023-11-16 09:25 | Report Abuse

You are so right bro, I added . Not logical..just manipulation...so hold strong..time will prevail...so low ...crazy...just buy and hold. Easy strategy

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2023-11-08 15:14 | Report Abuse

Right on ..should move soon

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2023-10-31 16:37 | Report Abuse

Bought. Cheers

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2023-10-16 09:15 | Report Abuse

Too cheap..manipulation as usual. Surely will go up as just too low

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2023-08-28 16:36 | Report Abuse

Going to move soon. Chart looks ready to move

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2023-08-23 08:38 | Report Abuse

Ya man, looks very likely to pop hard. Cheers

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2023-08-18 09:52 | Report Abuse


Target Price: RM0.180, RM0.190
Last closing price: RM0.165
Potential return: 9.0%, 15.1%
Support: RM0.160
Stop Loss: RM0.145
Possible for trend reversal. AURO is potentially staging a breakaway from its downtrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.180 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.190.

However, failure to hold on to support level of RM0.160 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 18 Aug 2023

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2023-08-15 08:49 | Report Abuse

First target -0.28, 2nd target 0.34

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2023-08-12 11:30 | Report Abuse

EV project finalising soon with Thai partners?

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2023-08-11 08:55 | Report Abuse

Is there any hope or positive news for this ..thanks for any feedback

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2023-08-09 09:25 | Report Abuse

Looks very promising . yesterday already move and going to up n up very soon.

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2023-08-08 14:59 | Report Abuse

Flying high right now

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2023-07-30 10:03 | Report Abuse

Insiders bought some shares

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2023-07-26 10:26 | Report Abuse

Added, too cheap..almost all time low

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2023-07-13 09:16 | Report Abuse

Yes, Hold On . We can overcome them . It has great potential. One of a kind

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2023-07-12 08:07 | Report Abuse

Thanks for the update

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2023-07-11 10:17 | Report Abuse

This is a good investment. ya 0.345 coming

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2023-07-10 10:46 | Report Abuse

High potential stock. High chance to go up next few days

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2023-07-07 09:29 | Report Abuse

All sounds great, lets hope it is a gem for long term

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2023-07-07 09:22 | Report Abuse

Ya indeed, great news

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2023-07-06 09:38 | Report Abuse

Thanks for the info

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2023-07-06 08:53 | Report Abuse

Hello @Speakup, any suggestion what to do ..thanks a lot