According to participants in the call, Andy Hall highlighted that VSI and JCY are next on the list. Tech in general for ICT those that does jobs for the likes of Apple is still ok, but automotive and medical device players standards are below par and he has set his sights on those sectors.
Risk off will be centered on companies focused and dependent on MNC orders and after experiencing ATA most investors will rather sell first and ask questions later and then get some sort of clarification later.
Then again ATA's severe price drop is down to its concentration risk where its dependent on one large customer, therefore its unlikely that any of the companies mention highlighted by him will drop of the same magnitude like ATA
Understand that Dyson contributes around 30-40% for VSI, although this can't be verified.
Assuming that is the range, the drop in VSI share price shouldn't be as severe and their hit to their business wont be as impactful as ATA's. Therefore if the correction to its share price is more than 40%, VSI may fall into an oversold territory as the potential loss of Dyson (even though its still too early to speculate now) will be already factored in by then
Please trade with caution, don't rush in where angels fear to tread.
Stock: [VS]: V.S INDUSTRY BHD
2021-12-02 14:45 | Report Abuse
Update from internet:
According to participants in the call, Andy Hall highlighted that VSI and JCY are next on the list. Tech in general for ICT those that does jobs for the likes of Apple is still ok, but automotive and medical device players standards are below par and he has set his sights on those sectors.
Risk off will be centered on companies focused and dependent on MNC orders and after experiencing ATA most investors will rather sell first and ask questions later and then get some sort of clarification later.
Then again ATA's severe price drop is down to its concentration risk where its dependent on one large customer, therefore its unlikely that any of the companies mention highlighted by him will drop of the same magnitude like ATA
Understand that Dyson contributes around 30-40% for VSI, although this can't be verified.
Assuming that is the range, the drop in VSI share price shouldn't be as severe and their hit to their business wont be as impactful as ATA's. Therefore if the correction to its share price is more than 40%, VSI may fall into an oversold territory as the potential loss of Dyson (even though its still too early to speculate now) will be already factored in by then
Please trade with caution, don't rush in where angels fear to tread.