Stocker Everyone happy happy I just here stating the situation inside the company so one can know what's going on. I could be right. Or I could be wrong But fact doesn't change that the company internally are not doing good
Federal Reserve Chair Jerome Powell said Thursday he is “strongly committed” to fighting inflation. The Fed has raised benchmark interest rates four times this year, with the fed funds rate now set in a range between 2.25%-2.50%. This was the Fed chief’s last publicly scheduled appearance before the central bank’s Sept. 20-21 meeting.
MI Bhd was at the height of around RM4 .00 from a year ago and fell to a low of RM1.10 recently , most probably due to short selling . Now is only the beginning of rebounce.
So I personally think that there is a big gap for surging upwards.
From the 30-06-2022, the financial statement shows solid fundalmentals and strong profitability. All the investors may check the financial statement if you like.
I feel that MI Bhd is good stock for me to invest in.
Judging the company just merely on the day-to-day price trading basis you will go crazy. Get in at the right price and come back again in two years time. Exciting times a head when China is betting big on "little giants"
Is Now The Time To Look At Buying Mi Technovation Berhad
What Is Mi Technovation Berhad Worth?
Great news for investors – Mi Technovation Berhad is still trading at a fairly cheap price according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. In this instance, I’ve used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock’s cash flows. I find that Mi Technovation Berhad’s ratio of 18.56x is below its peer average of 24.63x, which indicates the stock is trading at a lower price compared to the Semiconductor industry. What’s more interesting is that, Mi Technovation Berhad’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
Can we expect growth from Mi Technovation Berhad?
Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Mi Technovation Berhad's earnings over the next few years are expected to increase by 39%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
US bull market resurface , this round will continue atleast 2 months , banker keep sapu MI stock , it will hit rm 2 within 2 months , dont give up this bullish momentum too soon or u will miss a big gain opportunity !
If anybody felt left out, you can try again when the bears try to push down the large green candle. around the middle of the green candle at 1.23 can enter and put stop loss at 1.14. With the trade volume of 30million last friday, the highest in MI's history, i'm pretty sure that is quite a solid bottom unless some economic crisis erupts
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
paulthesotong
2,844 posts
Posted by paulthesotong > 2022-09-09 10:12 | Report Abuse
Rocket MI!