Overbought, maybe take longer to rebound. But it will not take long after launching Malaysia Digital Economy Blueprint tomorrow. Surely the next agenda will be to revamp National Automotive Policy 2020 to give more attention to EV. Mercedes-Benz already give hint, they would like to bring EV to Malaysia but only if government provide support and incentive. So EV theme will play. Regulation, incentive and enviroment of EV must be nurture in order to attract Foreign Fund which has specific allocation for EV and Renewable Energy. EV and RE are world current agenda for the next 20 to 30 years and Malaysia are lagging to Thailand and Indonesia among Asean. Kenanga talking about current situation of EV, but remember stock market move 2-3 quarter in advance.
Pestech has got very bright spot as it's involved in bright future businessed such as EV related and is the renewable energy which every country is focusing on...
It is also one of the cheapest EV related stocks...they do EV charging station
Today TheStar News
M’sia making inroads into electric vehicle segment. Malaysia is targeting to build 125,000 charging stations by 2030. It will surely benefit Pestech...
Haha imagine, when singapore and thailand has electric car but cannot travel between this both country cause malaysia did not build EV charger along the road (johor - perlis) malaysia will become EV dummy in the eye of Asean country. Imagine again if this EV charger are powered by solar farm (pestech 2x power).
QR releasing these 2 days, perhaps some insider news, or maybe just profit taking first to avoid if bad QR. Who knows if good QR then the price will jump :-)
It has 2.2 billion contract that could last them 2 to 3 years. Each year revenue between 700m to 800m, depending on the progress.
The bright side is the group has business plan for EV charging and Renewable energy.
Quote from the QR "Whilst the global recovery process takes shape in 2021, we are confident to stay on course towards cultivating a regional power infrastructure technology brandname, backed by reliable engineering capability, and propel forward by innovative and value-added solutions, such as electric vehicle charging, non-fossil and non-lead based energy storage, decentralized power supply system, and offgrid autonomous renewable energy system, to name a few."
The most recent article. Malaysian government urge the development of EV Charging Station. It is not Pestech sole business model. It has RM2.2bil order book as of last quarter, on par with SCIB. Look at where SCIB is now.
EV business and Green technology will definitely position Pestech in different position.
Just look at Genetec who is involves in EV. After announcing below-than-expected result, Genetec dived for 1 day in next trading day. Genetec recovers fast since then. worth learning from this lesson, folks.
the drop today because US market crash...nasdaq support also already crash...dont know what happen to tonight market..will rebound or going crash again..the best way to play safe..take profit first and come again when market ok...this company have good future....
Good opportunity to collect for temporary blip.. This is the future business.. lots of countries going into renewable energy.. plenty of business ahead
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....
Kucupkilo
4 posts
Posted by Kucupkilo > 2021-02-18 10:29 | Report Abuse
Rebound pls....
Jangan kecewakan hati saya sayang kuuuuuuu...