YTL in Japan (Code 1773) has just increased by 29% close to LIMIT UP to 135 yen.
Convert 135 yen = RM4.27
Something must be brewing... because Japanese are generally very particular about money won't simply spend money to invest unless really strong growth story.
The above is a sweeping statement. Japs are also prone to crazy, extreme behaviour & their market is famous for 'ramping' which is partly why I allocate such a large portion there: they can corner a stock with small free float & push it up by 10-30X within a year! I believe this is what is happening to YTL which only has a limited float in Tokyo. Otherwise, ppl would transfer their shares there to sell & arbitrage but I'm not sure if it can even be done!
It is impossible to boycott NVIDIA/AI products. Reason: Data is not something you can hold on your hand, like Starbucks coffee or McDonalds... it is already embedded in your life. So you don't have a choice to buy or don't buy data.
When you open your trading account, you are already consuming data stored somewhere in the cloud server. How do you choose whether your stock code goes through processor built by which country? It is impossible.
YTL's cooperation with NVIDIA could put the country's security at risk. TNB in particular shouldn't be dealing with a pro-Israeli entity, with AI capabilities & connection to the Malaysian electricity grid. When is TNB going to wake up & possibly enforce the force majeure clauses in its contract with YTL? It is not in the national interests to continue dealing with YTL as long as it cooperates with NVIDIA. Malaysia are at risk.
PMX Congratulates YTL ----------------------- Prime Minister Datuk Seri Anwar Ibrahim congratulated YTL on this significant milestone, a first for Malaysia.
"This will accelerate the country's adoption of AI and spearhead the development of our own sovereign cloud. The collaboration with NVIDIA is a testament to Malaysia's attractiveness as a hub for digital investments," Anwar said in the statement.
YTL Power managing director, Datuk Seri Yeoh Seok Hong, said the company is proud to be working with NVIDIA and the Malaysian government to bring powerful AI cloud computing here.
"We are excited to bring this supercomputing power to the Asia Pacific region, which has been home to many of the fastest-growing cloud regions and many of the most innovative users of AI in the world," he said.
Gobind Singh Deo, Malaysia's Minister of Digital, said that AI plays a key role in propelling the global digital economy.
He said it is important for Malaysia to have one of the strongest NVIDIA cloud computing infrastructures, as this will spur innovation.
"Having one of the most powerful NVIDIA cloud computing infrastructures in Malaysia is a game changer and will spark innovation and development of solutions foundational to the success of the Malaysia Digital Economy Blueprint," he said.
As I suspected all along, YTL's crazy rocket in Tokyo was a cornering job! Plunges 30% this morning...yet the delicious day of my exiting my once badly losing-turned-winning General Electric long position,phoenix-like, is approaching...slated for next Tuesday!!!🤗
Missive from Japan: YTL drops -26% to ¥92 on one of its top 10 volumes in history since it debuted there in 1996, while the Nikkei soars to a fresh all-time high ¥40,823.32 intra-day & my Nomura shares magically exceed their 2013 bubbly high of ¥980, now +66% despite being in significant paper losses for most of the time since I bought it too high in 2018. VIVA JAPAN!!!🤗🈵🇯🇵
NVIDIA is also helping Israel to build a supercomputer with AI capabilities.
Will this represent a security risk & danger to Malaysia?
TNB in particular should beware & review YTL's power supply contract to avoid this hidden danger. Investors, especially govt investors such as KWAP & KWSP should also be aware.
“NVIDIA is working with YTL AI Cloud to bring a world-class accelerated computing platform to Southeast Asia – helping drive scientific research, innovation and economic growth across the region,” said Jensen Huang, founder and CEO of NVIDIA. “This latest supercomputer marks one of the first deployments of the NVIDIA GB200 Grace Blackwell Superchip on DGX Cloud, supporting the growth of accelerated computing in the Asia Pacific region.”
Prime Minister of Malaysia, Dato’ Seri Anwar bin Ibrahim, commented, “We congratulate YTL on this very significant milestone, a first for Malaysia, which will accelerate the country’s adoption of AI and spearhead the development of our own Sovereign Cloud. The collaboration with NVIDIA is testament to Malaysia’s attractiveness as a hub for digital investments.”
Everybody knows YTL group is one of the top performer in Bursa Malaysia maybe it's need a new narrative to spur additional investment interest like a bumper dividend pay out or a bonus split.
For the 1st time in ages, I've decided not to log in to my account to watch the afternoon session. With the 901st consecutive trading day in the positive thanks to Nepon in Tokyo ( Bought ¥1,752, SOLD ¥1,914 within 3 mths) in the bag, I will spare myself the energy drain from a zombified, time-wasting mkt & focus my energies on the more rewarding US & Japanese markets...while preparing to dump Tenaga on the 27th!
@AlTugauw Don’t simply make such claims that Nvidia poses security risks to our country. You must substantiate yr claims if called by PDRM. Try write to TNB, KWAP, KWSP about your theory etc.
Local consortiums may not able to fund it unless govt helps. But if foreign consortiums expecially china involved in this project then possible wil have local and foreign partnership. HSR wil succeed.
I doubt it will be awarded to foreign company otherwise it will be politicized and become a big issue for many years. The current situation does not allow that to happen
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....
dompeilee
11,889 posts
Posted by dompeilee > 2024-03-19 10:15 | Report Abuse
KingKKK
YTL in Japan (Code 1773) has just increased by 29% close to LIMIT UP to 135 yen.
Convert 135 yen = RM4.27
Something must be brewing... because Japanese are generally very particular about money won't simply spend money to invest unless really strong growth story.
The above is a sweeping statement. Japs are also prone to crazy, extreme behaviour & their market is famous for 'ramping' which is partly why I allocate such a large portion there: they can corner a stock with small free float & push it up by 10-30X within a year! I believe this is what is happening to YTL which only has a limited float in Tokyo. Otherwise, ppl would transfer their shares there to sell & arbitrage but I'm not sure if it can even be done!