how things have turned... i still remember some some 2+years back, MCE was trading at 6-8x PE while Betamek was at 13-15x. Beta was in favour then. Fast forward, today, Beta is out of favour due to political reasons.. now trading at single digit PE, while it's MCE turn to fly high.. trading at teens PE.. and brahmal is now a substantial shareholder. Goes to show every dog has its day.

how things have turned... i still remember some some 2+years back, MCE was trading at 6-8x PE while Betamek was at 13-15x. Beta was in favour then. Fast forward, today, Beta is out of favour due to political reasons.. now trading at single digit PE, while it's MCE turn to fly high.. trading at teens PE.. and brahmal is now a substantial shareholder. Goes to show every dog has its day.

https://www.nst.com.my/news/nation/2024/05/1047292/announcement-googles-investment-malaysia-be-made-soon-tengku-zafrul

Google investment news just came out and then HE Group becomes one of the most actively traded stocks today on Bursa... up 5.5 sen now. Hmm, from analyst report.. HE is said to be bidding data centre jobs.. so, can we put 2 and 2 together? 😃 .........

as expected, reso carried out smoothly .. unanimous approval by shareholders. and not bad, share price reacted positively. now.. looking into the future ... we shall see what lies ahead. 拭目以待!

market jittery indeed. profit taking across the board.. or could be cutting losses too.
but companies with solid fundamentals shld prevail..

https://www.thestar.com.my/business/business-news/2024/04/16/sns-poised-to-benefit-from-ai-and-growth-of-data-centres
SNS = facilitator of AI adoption... sounds so canggih!
i supposed what it really means.. SNS sells servers to customers including DC customers.
power of words... salute.

😲 still plunging.... 92 now. catching knife or buying opportunity?? what a dilemma

Wanted to say yes, opportunity to buy esp if price stabilize further. Coming 2 quarters’ results shld be better. Just that now .. broader equity market could be choppy ahead with the latest Iran-Israel conflict. Sigh.. so much geopolitical conflicts in recent years..

Tricky week ahead now given the latest development with Iran-Israel conflict at play… 😖

OR starts trading this Monday 15/4... anyone looking at this counter still?

definitely waiting for it to break 40c..

timely reporting by The Edge Weekly this coming week
Are commodities at the start of a secular bull run?
https://theedgemalaysia.com/node/707802

https://theedgemalaysia.com/node/707689 (Updated - 13 Apr 2024 12:46 am)
Gold races past US$2,400/oz as Middle East tensions spur safe-haven rush

(April 12): Gold prices rose above US$2,400 per ounce to an all-time high on Friday, heading for their fourth week of gains, as growing tensions in the Middle East prompted investors to seek refuge in the safe-haven assets.

Spot gold climbed 2.2% to US$2,424.32 per ounce as of 10.56am ET (1456 GMT) after hitting a record high of US$2,419.79. Prices were up 4% for the week.

US gold futures GCcv1 gained 2.9% to US$2,442.30.


Taking cues from gold's upward momentum, platinum rose above the key psychological level of US$1,000 per ounce to its highest level in nearly four months.

"The positive factors for gold outweigh the negative. The heightened tensions in Middle East is the main driver for gold's recent surge," said Chris Gaffney, president of world markets at EverBank.

A reportedly imminent attack by Iran on Israel is a real and viable threat, the White House said, giving no details about possible timing, and reiterating that the US takes its commitments to defend Israel seriously.

"Gold continues to go from strength to strength as we are witnessing fear of missing out on clear display," Ole Hansen, head of commodity strategy at Saxo Bank, said in a note.

"Fear of missing an ongoing rally creates a strong buy-on-dip mentality, in the process reducing the risk of recently established longs being challenged."

Gold's recent surge arrived despite traders dialing back bets for an early interest rate cut from the Federal Reserve.

Thursday's US Producer Price Index (PPI) came in softer than expected, a day after March's hot Consumer Price Index (CPI).

"Gold has pushed back against some data that should have typically been negative. It will be somewhat healthy to see a correction in the bulls market, but the trend will continue to be positive," Gaffney added.

Spot silver rose 4% to US$29.60 per ounce, its highest level since early 2021. Platinum rose 2.2% to US$1,000.80 and palladium firmed 2.7% to US$1,075.00.

All three metals were poised for weekly gains.

Monday... bullish trend continues or sell on news? *wondering*

what happened? was on strong uptrend but then suddenly reversed and crashed downward. some fund selling? project delayed? questions unanswered as there is no news or bursa announcement. but at the same time, substantial shareholders just sold 10 mln shares to institutional funds... hmm.

solid fundamentals, good growth prospects, tech IoT play ... and trading at annualized PE of just 15x only vis-a-vis 20x-40x of other tech stocks. just very unfortunate that this stock is not getting enough attn as others...

interesting to see some analysts call "buy" while some recommend "sell". divergent view? form own opinion by reading the prospects section of the quarterly results report.. and one shall have better clarity. worst is over...

price has gone up a lot since last 3 weeks but so far, no news or announcement yet. but something must be brewing, no? i suppose time will tell. meanwhile, can collect 1 sen dividend while waiting.. going ex on 19/4, payable on 30/4.

not much action after the warrants play... hopefully next results in May 2024 continue to be strong.

unfortunately 10 sen dividend didnt come... only declared 2 cents special dividend. that's it. no more... already called the company to confirm. div went ex on 5/4/24. payment date is 22/4/24. More importantly, what is the company's plan next? have to wait for company to submit their regularisation plan.. hope the wait is worth it.