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    Happy weekend investors, it was moomoo's 12th Birthday this week! Welcome back to Weekly Buzz, where we discuss the top buzzing stock news on moomoo this week! Comment below to answer the Weekly Topic question for a chance to win an award!
    Make Your Choice
    Weekly Buzz
    The market fell during a heavy earnings week, and there is still more to come. There is less than two weeks to the U.S. election, and earnings reports from the largest companies in t...
    Weekly Buzz: Is Tesla a sign of earnings to come?
    Weekly Buzz: Is Tesla a sign of earnings to come?
    Weekly Buzz: Is Tesla a sign of earnings to come?
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    News that Amazon $Amazon (AMZN.US)$ is apparently retreating from a potentially lucrative business sent the company's share price down on Wednesday. It closed the trading day nearly 3% lower, a notably worse performance than the 1% decline of the bellwether S&P 500 index.
    Few tomorrows left for Amazon Today?
    Just before market close Tuesday, CNBC published an article stating that Amazon is closing its Amazon Today service. Citing unnamed individuals "with k...
    Why Amazon Stock Withered on Wednesday.
    $Tesla (TSLA.US)$ July surge fueled by Robo Taxi rumors. That surge was a classic case of "buy the rumor, sell the news," illustrating how markets often price in events before they actually happen. Musk's statement hinting at Cybercab production "before 2027" has raised eyebrows, given his history of missed deadlines. 🤔
    Tesla has recently secured approval from local authorities near its Berlin gigafactory to proceed with a three-stage expa...
    Tesla: Trapped in a Tight Range Amid Robo Taxi Rumor Fade
    4
    $D&O (7204.MY)$ $MYEG (0138.MY)$   $YTL (4677.MY)$  
    The Malaysian government recently announced the 2024 budget, focusing on artificial intelligence (AI) and cybersecurity, considering them as key factors to drive economic growth and digital transformation. The government will allocate a significant portion of the 421 billion ringgit budget to enhance Malaysia's technological capabilities and elevate its position as a regional digital hub.
    The main highlights of the budget include:
    – Investment in artificial intelligence: The government plans to invest in artificial intelligence research, development, and deployment in various sectors, including medical care, agriculture, and manufacturing. This involves providing funding for AI startups, academic institutions, and public-private partnerships.
    – Cybersecurity infrastructure: To address cyber threats and ensure data privacy, the budget allocates funds to enhance cybersecurity infrastructure, train cybersecurity professionals, and implement robust data protection measures.
    – Digital talent development: The government recognizes the crucial role of skilled digital talents and aims to strengthen digital literacy and skills training programs. This includes measures to attract and retain technology talents from both domestic and international sources.
    – smart city
    Proposal: Malaysia's budget also supports the development of smart cities, integrating advanced technologies such as ai, internet of things, and big data to improve urban...
    Translated
    Malaysia's Budget 2024: A Digital Leap Forward
    Malaysia's Budget 2024: A Digital Leap Forward
    Malaysia's Budget 2024: A Digital Leap Forward
    Goodjobguys commented on
    $D&O (7204.MY)$ $VITROX (0097.MY)$   $INARI (0166.MY)$   $VS (6963.MY)$
    D&O is mainly engaged in the manufacturing and sale of semiconductor devices, as well as the development of semiconductor application technology. The company operates in the semiconductor industry and exports its products to different regions such as Asia, Europe, and the USA.
    D&O Green Technologies Bhd (DOGT MK) is expected to see higher customer loading and a stronger product portfolio in 2025, leading to improved utilization and profit growth. However, profit margin recovery is expected to slow down due to rising costs and operational challenges. The company's PCBA module new business is projected to contribute to revenue starting in the fourth quarter of 2024. Despite the challenges, PhillipCapital remains optimistic about D&O's prospects and maintains a "buy" rating with a lower target price of RM3.00.
    Whether it is too late to purchase D&O stock depends on your investment goals and risk tolerance. If you are seeking quick profits, it may be too late. However, if you are a long-term investor, D&O's future growth potential could make it a worthwhile investment.
    Consider the following factors:
    - **52-week high:** Compare the current price with the 52-week high to see if the stock is...
    Translated
    D&O stock: Is it too late to buy?
    D&O stock: Is it too late to buy?
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    Goodjobguys commented on
    $PETDAG (5681.MY)$
    PETDAG: Malaysia's largest oil & gas retailer.
    As Malaysia's largest oil & gas retailer, PETDAG has vast development prospects due to multiple factors:
    1. rbob gasoline demand growth: Malaysia's economy is expected to continue growing, leading to an increase in demand for rbob gasoline. This will drive sales at PETDAG gas station network.
    2. Expansion Plan: PETDAG has been actively expanding its gas station network, both through organic growth and acquisitions. This expansion will increase its market share and revenue.
    3. Diversification: PETDAG has started diversifying its business beyond rbob gasoline retail. This includes entering convenience stores, car washes, and other related services. This diversification will help reduce reliance on fuel sales and increase its revenue sources.
    4. Strong brand recognition: PETDAG has a strong brand name and reputation in Malaysia. This will help attract and retain customers, even amidst intensifying competition.
    5. Government support: The Malaysian government has always supported the oil & gas industry, which is beneficial to PETDAG.
    Overall, PETDAG has a good positioning and can leverage Malaysia's growing demand for rbob gasoline to further expand its business. However, it is important...
    Translated
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    $YTL (4677.MY)$ $YTLPOWR (6742.MY)$
    Although the recent anti-graft investigation may cause short-term fluctuations, the long-term profitability of the company is still a factor to consider. Is it still a financially sound investment?
    YTL Corp: Strong Financial Performance and Future Outlook
    YTL Corp Bhd's net income in the first half of 2024 exceeded 1 billion ringgit, surpassing the profit for the entire previous year. This was driven by the strong performance of its utilities, cement, and Australian hotel business.
    Key Highlights:
    – Strong Financial Performance: In the first half of the year, three listed subsidiaries, YTL Power, Malayan Cement, and YTL Hospitality REIT, all achieved impressive performances.
    – Positive Outlook: The group remains optimistic about future growth...
    Translated
    While the recent Anti-Graft Inquiry may have caused short-term volatility, this company's long-term profitability remains a factor to consider. Is it still a financially sound investment?
    While the recent Anti-Graft Inquiry may have caused short-term volatility, this company's long-term profitability remains a factor to consider. Is it still a financially sound investment?
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    Malaysia’s technology sector is a dynamic and rapidly evolving landscape, currently boasting a market capitalization of RM97.16 billion. This sector comprises 127 listed companies, reflecting a diverse range of sub-industries, including software development, hardware manufacturing, telecommunications, and digital services.
    The government has actively promoted technology through initiatives like the Malaysia Digital Economy Corporation (MDEC), aiming ...
    Is Malaysia’s technology poise to boom again?
    Goodjobguys commented on
    $NVIDIA (NVDA.US)$ seems like the massive bull run fizzled
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