Investment in Bursa for long term has become a laughing stock in Bursa. Technology is the future is another gimmick to attract newbies. If you are really serious in technology counters, migrate to US semiconductor companies.
Bursa IBs very smart one...simply picking up PER number from the sky. They come out very bullish technology counters research report without any benchmarking against the same sector in overseas market .
ATA IMS sees over RM1b market cap wiped off after reporting first quarterly loss since 1QFY18 KUALA LUMPUR (Nov 17): ATA IMS Bhd saw over RM1 billion in the electronic products contract manufacturer’s market capitalisation wiped off between Monday (Nov 15) and Wednesday (Nov 17) as its share price fell below RM2 after the company reported on Friday (Nov 12) a net loss of RM11.17 million for the second quarter ended Sept 30, 2021 (2QFY22) from a net profit of RM52.29 million a year earlier.
ATA IMS’ 2QFY22 net loss is the company’s first quarterly net loss since 1QFY18 when the company, which was known as Denko Industrial Corp Bhd then, reported a net loss at RM2.23 million compared to a net profit of RM461,000 a year earlier, according to the group’s Bursa Malaysia filings.
Malaysian market is more to sentiment. Price will move zig zag. So, identify the correct price to enter for technical rebound. But just remember, nowadays too many retailer, 2 3 bids sell..make sure, price is already bottom lorr
Looking at this falling knife trend I feel lucky that decided cut loss 2 days ago @ 2.02, my cost is 2.82 bought 3 months ago. The reason i bought was bcox of this news "Britain's The Sunday Mirror issues apology on allegations of exploitation at Dyson manufacturer ATA IMS". I was impressive and thus hv wrong thought that Dyson hv tight relationship with ATA and thus no need worry to future business. Mana tau learnt an expensive business
The reason i decided cut loss hv two: 1) Revenue dropping for consecutive 5 quarters 2) The sudden quarter loss caused I reviewed its price and found ATA was only ~1.60 before Covid.
For those wish to invest this stock, hv to consider and compare in details with VS & SKP
2/3 bursa tech stocks are over goreng during last year oct semicon mania after glove mania dead , even company with a few million per qr or worst case some have losses in many qr was goreng until rm 3.xx - 5.xx from penny stocks , is it logic ? Now it s the time to see who will be naked in the sea after this semicon mania !
Invest in stocks u must know cut loss earlier otherwise 50% loss is very common case !
Dont think it can rebound when something bad news hidden from bilis before banker run away safely , but it s too late already when biliis wake up !
If today close solid red candle, tomorrow will be massived selling pressure again. Today candle is very big. If fund manager want to throw out, they shud do it before q release.
Just get info from IB insider, termasek is reducing some of technology counters that less performing. Nothing to worry, local fund is trying to buy in . give a break.
Same pattern like yestetday , afternoon waterfall 10% ! Friday will be worst ! Might lose bisiness to rival soon , insider dump ! Good luck to FOMO bilis !
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....
brucechun
127 posts
Posted by brucechun > 2021-11-17 11:42 | Report Abuse
waiting at RM1.00