Time to make money. There's a mispricing on Blue Ocean ATS a moment ago.

Someone bid 91.71 for 100 shares of BIL ETF when yesterday's closing price was 91.60.

Sold all my stake for a handsome profit of some 6.38 USD. Now gonna buy back at 91.59, minus some 0.35 for commissions, there's still 6 USD left on the table

But note that companies like Coke or Pepsi, which took price increases above the rate of general inflation but hardly expanded their margins, are still much more profitable today, in the simple sense of earning more dollars of profit than they did before — in inflation-adjusted terms, too — mostly on the back of price. And dollars, not percentages, are what ultimately matters.

This is one reason that sales margins are an inadequate measure of corporate profitability. Another is that they don’t capture the amount of capital required to make a given level of profit. A low-margin company can be more profitable — a better business — than a high-margin one, if it requires less capital to operate. That is why we suggested yesterday that return on invested capital might be a better net for capturing greedflation. But as readers pointed out, that has drawbacks too (assets held on the balance sheet at historical cost mean that inflation drives up ROIC).

Still, a reasonably clear picture is emerging here. The biggest retailers and suppliers in the grocery value chain took a lot of price increases after the pandemic. In some cases this led to expanding margins, but even in the cases where margins were roughly flat, profits often rose at a rate faster than the pre-pandemic trend and faster than the rate of general inflation.

Whether or not this constitutes greedflation will be a topic for tomorrow. An additional issue for today is whether, in months and years to come, some of the price increases the industry has taken will have to be given back, in one form or another. Rahul Sharma, a consultant at Neev Capital and Unhedged go-to retail expert, thinks this is happening already. In the pandemic “everybody looked like a hero” — even the companies with the weakest brands could take price increases without pushback from consumers. “This was truly unprecedented in terms of the uniformity of price increases.” Now, however, companies with weaker brands are having to give some of the pricing back and pricing is starting to soften. “The food companies are having to give it back much faster than the high-brand-equities companies like Coke,” he says.

Interactive Brokers Introduces Access to Stocks on Bursa Malaysia

Automatic FX Conversion Available Between Account Base Currency and Malaysian Ringgit

August 27, 2024 10:00 AM Eastern Daylight Time

GREENWICH, Conn.--(BUSINESS WIRE)--Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced that its clients can trade stocks on Bursa Malaysia, one of the largest stock exchanges in Southeast Asia. With this launch, IBKR clients can trade Malaysian Ringgit (MYR) denominated equities and ETFs alongside global stocks, options, futures, currencies, bonds, funds, and more from a single unified platform. To streamline trading, Interactive Brokers will also coordinate the necessary forex trade using an automatic FX conversion between the base currency selected in a client’s account and the Malaysian Ringgit.

"Introducing stocks on the Bursa Malaysia allows our clients to add exposure to Malaysian equities with the benefit of having Interactive Brokers manage the cost associated with currency conversion.” - David Friedland, Head of APAC at Interactive Brokers

Bursa Malaysia Securities Berhad is Malaysia's sole stock exchange. With a market cap of USD 380 billion, it is comprised of 970 listed companies across industries, including financial services, manufacturing and oil and gas. Introducing Malaysian-denominated equities products expands the breadth of global investment products available on the Interactive Brokers platform and offers IBKR clients new investment opportunities across Malaysia’s economy.

To create a straightforward trading process, Interactive Brokers will facilitate trades with an automatic FX conversion between a client’s base currency and the Malaysian Ringgit using a conversion rate determined based on the prevailing foreign exchange market rates. This eliminates the need for pre-trade currency conversions and simplifies the trading experience for clients.

David Friedland, Head of APAC at Interactive Brokers, commented, “Interactive Brokers offers clients worldwide superior market and product access, allowing them to create diversified portfolios across geographies and asset classes. Introducing stocks on the Bursa Malaysia allows our clients to add exposure to Malaysian equities with the benefit of having Interactive Brokers manage the cost associated with currency conversion.”

Interactive Brokers offers unparalleled global market access, advanced technology, and competitive pricing, empowering self-directed individual and institutional investors. Clients of Interactive Brokers can trade on 150 markets and fund and trade accounts in up to 27 currencies, including the Malaysian Ringgit. In addition to stocks on the Bursa Malaysia, clients can trade Crude Palm Oil Futures (FCPO) and FTSE Bursa Malaysia KLCI Futures (FKLI), giving them a wide range of investment opportunities.

Source: BusinessWire

TOS I suspect ibkr won't introduce MYR as a base currency. You still have to deposit USD SGD

If ibkr come to Malaysia officially, does it mean we have to pay stamp duty to Malaysian government next time for US stock next time ?

TOS Moomoo malaysian has been charging stamp duty for months already. you get deducted $0.23 per $230 transacted. months ago it was $0.21 per $210 due to exchange rate

Heyo, I am about to open a directly-registered share account with Air Liquide.

I emailed Air Liquide shareholder service department this morning, and submitted the proof of details for my Wise EUR account and they accepted that!

I am not yet a shareholder but they begin their email with "Dear shareholder" 

Lovely French...