Stock Market is more profitable than Business

On September 29, $HEXZA / 3298 (HEXZA CORPORATION BERHAD) sold 18,000 NVIDIA shares for a total of USD 7,904,599 or RM 37,065,457 on the Nasdaq Stock Market. These shares were acquired between June 9, 2017, and February 27, 2023, at an average cost of USD 93.146 per share, resulting in a total gain of RM 29.93 million, equivalent to a remarkable 419% return on investment over six years.

Following the NVIDIA share sale, Hexza made a new investment in SYMBOTIC on September 30, purchasing 115,000 ordinary shares for a total of USD 3,720,456 or RM 17,312,648 on the Nasdaq Stock Market. Symbotic is a robotics warehouse automation company that leverages AI-powered robotics and software to transform supply chains. Although Symbotic is currently operating at a loss, there has been an improvement in its net loss situation. Presently, Symbotic's share price stands at approximately USD 31.19 per share, with analysts predicting a potential increase to USD 53.50 per share within the next 18 months. Of these analysts, 8 have recommended a buy, 1 suggests outperforming, and 4 advise holding the shares.

Ultimately, considering Hexza's net profit from their investment in NVIDIA from 2017 to 2023, they have generated a total net profit of RM47.7 million from their business endeavors during this period. It's worth noting that the earnings derived from NVIDIA stock equally approximately 63% of their overall net profit from business operation over the course of these six years.