China will moving as fast as they can to establish their EV presence globally, before Japan and Europe catch up. When work start, the valuation will be totally different. Remember how VS and SKPRES valuation after becoming Dyson assembly partner?
Once Sunsuria being converted to EV player, it would be different altogether.
Sunsuria city would become an EV vehicle centre with EV vehicles of new design to suit our nation's preference. Most probably the prices of EV vehicles in this case would be cheaper and more affordable without compromising to the designs which could be more popular than other models.
Once the project came into fruition, it would no longer be remained as a property developer but a diversified group joint venture company.
Mr Chon, same as those years from Gloves and then Vaccine.....all hot air....You should know the cost involved and the Giants already in EV by now, otherwise, better stay away.
I still agree with BobAxelrod33. Just goreng theme, don't think they have this knowledge and competency. If they really success, that time only buy in also not late. If price move ahead of fundamental, sure will drop back to give chance to buy. I rather not FOMO. There are many other existing EV related companies in Malaysia to consider if wanted to buying in EV related companies. As Chon mentioned, Genetec. if buy now also not too late at such PE level. But EV is not the only hot cake in tech. Anyway, it really depends on individual, no right or wrong. Same said high risk high return, but I think sometimes high risk may not have high return.
Even though Genetec is only manufacturing parts and devices to cater for EV vehicles not directly involved in EV vehicles manufacturing, it also has generated fantastic profits .
What's more if the Sunsuria IAT Automobile China joined venture project comes into fruition, it will not only manufacture EV vehicles but could be also possible to manufacture the spare parts and devices in order to reduce cost and to speed up the productions processes as IAT could have the expertise to do so in order to stay competitive.
Good recommendation but now is not the right time unless we heard MOU turned to real contract to Sunsuria. It's not too late to google for more info. I wonder, if I'm the China company, why I need to find company from other field to do business with? I will not. I will find those established, certified and experienced. But I'm not IAT, so I don't know what they think. May be due to friendship or special offer or relationship. I just based on NORMAL people thinking only. Anyway, hope you can make a lot in Sunsuria.
Most MOUs did not materialize, this is true. This one announced by PM thus carry some weight. Price too has retraced from the height of 73c. I don't think it is easy to predict the price movement from tomorrow.
@Bob, I somehow agree with you. I shall not touch KLSE stock for now, at least for this year to see how the market moves. I already sold my Maybank and now just keep cash to wait. Tried SCGM also have to immediately cut loss (loss 1 cent) after bought in as the trend is turning bad regardless of news of takeover or NTA. Not easy....
Yeah, Axe capital is only holding 3-4 counters for mid term. This is the period in time where we keep a close eye some others and ready to move sometime down the line.
The next quarter would be very challenging and with Oil prices set to spike in May (OPEC+ cutting 1.16 millions bpd), US dollars heavily pressured and more Interest Rate hike by Feds to support the dollar......Phew!.....too much to circumvent the boulders falling fast.
There must be a very strong reason for Macron to run to meet China's Xi and the riots and Inflation in Europe is so painful.... In US, high Inflation may turn to Recession as M2 runs out and recession coupled with a run on the Dollar might deepen into Depression. The picture isn't too great.
For Asia, our small nation is weathering okay and PMx might bring better luck and changes to the country.
If we keep thinking of those US banking crisis, Inflation and or recessions whatsoever you would have sleepless nights or even ended up with nightmares.
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....
Zek777
97 posts
Posted by Zek777 > 2023-04-07 16:31 | Report Abuse
Careful, high supply