@okayman, With the vaccination in selangor n kl,The worst is kinda over, with such situations n qes still have close to 4mil profit.just imagine what kind of profit it will bring for the coming 6months? Of course people will be talking about new varient popping out,this virus gonna stay with us forever or atleast the coming years ahead.life goes on after vaccination,some people may disagree (nothing wrong with it) same goes to initial hesitation on taking up vaccine initially, now almost all got vaccinated, so eventually people will have to accept this fact.If u read news, even Australia gave up having zero case approach n they gonna open up once they achieve herd immunity. So have a thought about it n see ya
Do not want to rub salt into wounds .. for those who listened to my professional technical advice before,congratulation ..you dodged a bullet ..you all can thank me now … cheers
2 quarters already outperformed last year's full year result... good or not investors can tell la.... meanwhile, keep rubbing salt cos it only hurts hit and run traders.... and to be fair to u, u were spot on this time for your sell call... but again, it's only because QES released a surprisingly lower Q2.... Holders will see handsome rewards in 2022... cheers.
Armanhashim, your technical advice is the joke of the year. hahahaha....keep calling people to sell without any evidence to substantiate to claim and you dare to call yourself professional? Joker. hahahaha
Personally think no big bad news for qes. Why would it drop back to 0.3? Now is just semicon or tech stock some healthycorrection . Dun buy now later chase high haha
In the world of stock investment, many factors can affect the sentiment, which in turn will affect the price. It is believed that logistical disruptions and lockdowns have caused manufacturing activity in Malaysia to contract. Since the factories can't operate, the expansion activities cannot be carried out and therefore customers' demands drop (this reason is stated by an interview with Vitrox published by The Edge).
In anticipation of reduced revenues in 3Q, many short-term investors, margin players and institutional players decide to move their funds to other counters with better returns. The profit-taking activity causes this severe price drop that we are seeing now. (Damn it!)
However, if we look at the industry prospect and the company's fundamentals, the potential is still very encouraging. First, the chips are still in severe shortage and many companies are opening new factories in different sites to avoid production halts if lockdowns are implemented. With new constructions of factories in place, demands for equipment will eventually increase. Besides, QES is based in ASEAN where MNCs build their factories for manufacturing. It has also more than 2000 customers in its distribution arm. I believe the company can turn the network into customers easily.
We will not see tragedies that happen in the glove industry as the industry of ATE is very cost-intensive and requires high technology. It is not easy to build an ATE factory from scratch and sell it to your customers immediately. People will be concerned about the quality of your equipment.
The collapse of glove stock prices is caused by a structural change in its industry competitiveness (increased competitors and decreased ASP) while this structural change has not been observed in the industry of semiconductor. So, I believe the price drop is transitory.
It could be a dead cat bound if QES is in a declining industry. For example, we can observe many occasions of dead cat bounds in Air Asia due to the speculative activities. QES is in a booming industry. To me, it is very unlikely to be a dead cat bound. I agree with Newbieinshare that it is a correction, but a deep one.
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....
Investoinvest
196 posts
Posted by Investoinvest > 2021-09-01 17:51 | Report Abuse
@okayman, With the vaccination in selangor n kl,The worst is kinda over, with such situations n qes still have close to 4mil profit.just imagine what kind of profit it will bring for the coming 6months? Of course people will be talking about new varient popping out,this virus gonna stay with us forever or atleast the coming years ahead.life goes on after vaccination,some people may disagree (nothing wrong with it) same goes to initial hesitation on taking up vaccine initially, now almost all got vaccinated, so eventually people will have to accept this fact.If u read news, even Australia gave up having zero case approach n they gonna open up once they achieve herd immunity. So have a thought about it n see ya