fund manager is doing window dressing to push down the price in order to get a better gain in 2H. Their performance mainly on yearly gain, unlike year end they used to push up the price. This happen to most of the tech stock.
You can fool yourself, but don’t fool other people. There are so many bull stocks with sound fundamentals out there. If you understand their business, Vitrox is definitely over value at this price. Stop dreaming Vitrox is next Nvidia or YTL Power. They are totally in different theme play.
According to the report, there is potential lower demand from China. But it does not highlight it was associates with Nvidia, which trigger bigger part of the world ? The report sound bias to strengthen ther call.
I guess those people who cannot accept the fact by MBB report must be those already trapped at high floor last month. Whoever stay sideline should be able to see very clear. In fact, MBB made a very late red flag call. Vitrox has been struggling to get into china market since last year. This has been reflected in their past 4 quarters. Not all tech stocks in Malaysia has high exposure to China mainland market. Vitrox derived 1/3 of the revenue from China Mainland. But Greatech, who is the same ATE player, main customer is First solar from US and automotive industry player in US. SAMEE, main customer is Applied material from US. Frontken, main customer is TSMC from Taiwan. Looking at the candle stick pattern, the chart pattern is pump and dump pattern, it’s not a healthy uptrend pattern. The share price pumped up by operator immediately one day after bonus issue, and dump slowly to the retailers until today.
As usual, Bro Pang and team will hide away when things turning bad and suddenly appearing if shares shoot up and claiming this is due to his correct decision of scooping low… We r waiting for your explanation, Bro Pang…
I seriously fed up with people trying to tie up Nvidia with Vitrox. In Vitrox Annual report year 2022, page 43. Vitrox has mentioned that "We develop an industrial gateway based on the Nvidia graphics processing unit (“GPU”) platform with embedded AI features to empower predictive maintenance for manufacturing industries". This is a known fact that Vitrox is using Nvidia GPU in their machine since year 2022. So, what do you expect MBB report to highlight for? Am Bank has made a call since last year that Vitrox faced stiff competition in China mainland. You can refer to Am Bank analyst report on 29/4/24. The only corporation in Malaysia that work hand in hand with Nvidia is YTL Power. Am Bank Report https://klse.i3investor.com/web/staticfile/view/538466
Perhaps Bro Pang and team could explain why are they so optimistic about Vitrox, so much so that they could buy Vitrox at a price beyond 5.50?! Seriously, I don’t understand. Do you know that this major correction has inflicted lots of sufferings. Hope Bro Pang and team could do self reflection on this.
Those who said vitrox is struggling to get into china market has no idea what they are talking about. Just read the annual report and do the math to see how much revenue they got from china in last 3 years.
That research report is misleading. Vitrox is actually doing quite well in china but struggling to in malaysia.
MBB report is purely mentioning some structure change in demand from China which may post challenge to their biz. That is their view. The challenges are everywhere in doin biz. Who know letter what will happen ? Nvidia association, Jenson will simply post others name in their presentation ? ha..ha..
Vitrox is actually a blue chip tech stock. Those analyst who downgrade it to below RM3.50 are either want buy it cheap or their analysis should be downgraded to sub standard.
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....
GSX1111
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Posted by GSX1111 > 2024-06-27 08:25 | Report Abuse
fund manager is doing window dressing to push down the price in order to get a better gain in 2H. Their performance mainly on yearly gain, unlike year end they used to push up the price. This happen to most of the tech stock.