$MGM Resorts International(MGM)$ People seem to be mistaking MGM Studios (make Movies) for MGM Resort (Casinos). MGM Studios lay off many employees recently, causing MGM Resort share price to drop from $45.50 to $42.75. Good time to load up for easy money.
$Bank of America(BAC)$ interest rates up, profit margins up. Main concern is their unrealised loss from bonds, but they can just let them expire normally. Keep in mind that BAC is far bigger than SVB and are held to higher standard by regulators. The fear is overblown.
Silverlake Axis is Malaysian fintech solution provider with clients in Europe, Middle East and Asia. Their main consumer is banks with 40% of the 20 largest banks in South East Asia using Silverlake Axis Integrated Banking Solution (SIBS). This includes banks like Maybank, UOB, OCBC and CIMB. That said, it should be noted that their buisnes expands further into insurance and retail with products like Silverlake Axis Insurance Solution (MERIMEN) and Silverlake Axis Retain Merchandising System (PROFIT).Unfortunately, during the pandemic, banks (who are typically risk adversed) began cutting down on expenses to hoard up on cash. This resulted in less projects being issued to Silverlake Axis further resulting in lower profits.In 2019, their net profit was 245 Million RM, this dr