China’s official manufacturing Purchasing Managers’ Index (PMI) dropped to 48.8 this month, down from 49.2 in April, according to data released by the National Bureau of Statistics on Wednesday. It was the second contraction in as many months. A reading above 50 indicates expansion, while anything below that level shows contraction.
Bearish sentiment Zhang said external demand for Chinese goods was not supportive of economic recovery, as the United States faces the risk of recession. Recent data showed that China’s exports grew 8.5% in April, down sharply from 14.8% in March, indicating global demand was slowing.
“The sentiment in the financial market is quite bearish,” he said.
Hong Kong stocks fell in response to China’s manufacturing and services data. The Hang Seng Index fell 2.4% to a six-month low in the afternoon session. It’s currently down more than 20% from its January 27 peak.
Toyota has researched and researched and researched… Toyota is not stew pig with its support on Fuelcell EV. Even Ular won money buying FCell stock in Us.
Posted by Sslee > May 31, 2023 7:07 PM | Report Abuse X
CapitalA As at 31/3/2023: As at 31/12/2022 RM'000: RM'000 Net current liabilities: (8,524,896): (8,509,066) Equity Owner of the Company: (5,553,254): (5,725,093) Non-controlling interests: (3,822,946): (3,791,865)
From AAX: Importantly, AirAsia X’s shareholders’ equity has demonstrated a positive turnaround to RM40.8 million, from a negative shareholders’ equity of RM285.2 million in the preceding quarter, which now paves the way for AirAsia X to address its Practice Note 17 classification, subject to regulatory approval.
So capitalA equity is still negative RM 5,553,254,000. Perhap Stony should step down and let AAX CEO to run magic in turning the equity from negative to positive in next quarter.
With Net current liabilities of RM(8,524,896,000) can CapitalA stay afloat for the next 12 months?
Pursuant to paragraph 4.1(c) of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that the Company and the appointed advisers are in the midst of formulating a regularisation plan to address its financial condition.
As announced on 21 December 2022, Bursa Securities had granted the Company an extension of time of six (6) months until 7 July 2023 for the Company to submit its regularisation plan to the relevant regulatory authorities. Therefore, the Company has approximately two (2) months to submit its regularisation plan to the relevant regulatory authorities for approval to implement the same.
The Company will make the necessary announcement(s) regarding the development of the proposed regularisation plan accordingly.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 513 views | 3 d ago
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12695 views | 11 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
qqq47660
8,894 posts
Posted by qqq47660 > 2023-05-31 15:09 | Report Abuse
what happens when banks makes all the money
and the best young brains all go into stock market?
we have been doing that for 30 years and this is the result.