The proposed disposal of M&A Securities Sdn Bhd (“M&A”) will be fully satisfied by the issuance of new SYF shares and there is no cash payment to Insas in this RTO transaction. Post completion, SYF will become a 53.7% direct subsidiary of Insas and M&A will become a 100% owned subsidiary of SYF.
US stocks face a painful rest of 2023 with a recession set to take the shine off the AI-fueled rally, HSBC says
Brace for a fourth-quarter US recession that'll hit stock prices, according to HSBC. The bank said in its mid-year investment outlook that rising interest rates will likely trigger an economic slump in the second half of 2023. “The newsflow over the next six months could be tough” for markets, strategists said.
U.S.-listed shares of Chinese companies rise premarket, tracking rise in Chinese stocks, in anticipation of more economic stimulus
** The People's Bank of China (PBOC) on Friday said it will make better use of aggregate and structural policy tools to stabilise growth, employment, effectively support domestic demand
** E-commerce firms Alibaba , JD.com and Pinduoduo rise between 2.3% and 3.2%
** Gaming stocks Bilibili surges 3.6% and peer NetEase up 2.9%, while Baidu adds 3.4%
** Tencent Music Entertainment Group and online video platform IQIYI rise 2.4% and 2.6% respectively
** Online education firms Gaotu Techedu , TAL Education Group and New Oriental Education & Technology Group up 1.5%-4.1%
** Online brokerages Futu Holdings and UP Fintech Holding gain 1.7% and 2.4% respectively
** China ETFs such as China Large-Cap ETF and KraneShares CSI China Internet ETF gain 2.2% and 2.4% respectively, while Direxion China CSI Daily Bull 2X advances nearly 6%
U.S. stock futures waved on Monday as Tesla shares extended gains after the electric-vehicle maker reported record vehicle deliveries in the second quarter
Despite the recent steep inversion of the Treasury yield curve, the U.S. economy could see a significant drop in inflation without entering a recession, according to Bank of America.
What Happened: The bank’s strategists pointed to the inverted 2-year and 10-year Treasury yield curve, a well-known recession gauge, which recently steepened to a full percentage point, marking the steepest inversion in over 40 years, Business Insider reports.
However, this time, the indicator is signaling a hard landing for inflation, not for the economy. The bank sees the U.S. economy avoiding a steep downturn, with forward real yields indicating a modest drop over the short term.
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....
Johnchew5
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Posted by Johnchew5 > 2023-07-03 08:10 | Report Abuse
The proposed disposal of M&A Securities Sdn Bhd (“M&A”) will be fully satisfied by the issuance of new SYF shares and there is no cash payment to Insas in this RTO transaction. Post completion, SYF will become a 53.7% direct subsidiary of Insas and M&A will become a 100% owned subsidiary of SYF.