Local bank rise interest rate , technology company will spend lesser for RND and cause a lot project delayed. 5G already stagnant, EV technology stagnant as the car price not affordable. Inflation rise to 10years high. Nasi lemak at rm1.70 - rm2.00. better run before black Friday.
I have been a tech bull especially Greatech and MPI for almost one year and a half.
I literally warned everyone in this forum on December 17 that a lot of counterparties (including foreign/local institutions) were shorting Greatech (RSS). And yet the gang consisting of CakeMoon / OTB / i3 pumpers (pang72 is my good friend haha so nvm) keep luring new tech investors to buy the dip. I seriously doubt if they actually buy themselves.
Sophisticated investors (large account size) were already informed to get out of our position in tech and received market color on the next earnings estimates. And unfortunately, there are still a lot of retail investors providing liquidity for institutions to take profits.
Stock: [GREATEC]: GREATECH TECHNOLOGY BERHAD Dec 17, 2021 10:43 AM | Report Abuse
Yeah institutions are slowly dumping tech stocks. 2022 could be the year tech underperform. Investing in tech right now is similar to investing in banks. Not much growth left but collect dividends and low risk yields.
I am absolutely speechless at how manipulated this forum can be sometimes. Anyways I don't care anymore because I no longer trade Malaysian equities. :)
Nevertheless, buy the dip on the last trading week of February. Bursa tech will continue to rise in the next 5 years. Short term pain long term gain.
The street is planning a bigger sell-off based on the consensus among other equity strategists. Fixed income analysts, on the other hand, are predicting a flattening curve for US. For Malaysia, Sell 3Y Buy 10Y spread has inverted for a long time so it doesn't matter. It's 50/50
Still no market color on big tech earnings yet. But a lot more QQQ/SPY puts will be expiring next month. Retail investors are getting smarter too, thus creating further downward spiral. Before mid March, institutional investors will basically keep shorting tech and going long volatility.
I am out of Bursa equities for now. But if I am trading on my personal portfolio, I would load the F up on Bursa index funds/blue chip and wait until November 2022
Bursa tech will become the new bank stocks with low beta and low growth. Markets to remain flat until midterm elections; Democrats will not let the markets to fall before their performance review since that would be a poor political strategy.
Market turbulence Markets look set to remain turbulent in the coming week with investors focused on the Fed and earnings.
In a continuation of the tech selloff that has pushed the Nasdaq into correction territory, Wall Street’s main indexes closed sharply lower on Friday. The S&P 500 and the tech-heavy Nasdaq posted their largest weekly percentage declines since the start of the pandemic in March 2020.
Tech companies largely benefitted during the pandemic and saw their shares soar over the last two years.
But tech and growth stocks have been hard hit since the start of 2022 by a rapid rise in Treasury yields on the back of expectations that the Fed will hike interest rates aggressively to combat high inflation.
Higher rates can hurt tech companies with high valuations based on the prospect of future profits.
GREATEC recently announced a MYR160m purchase order from its key PV customer and is on course to add a further MYR568m to its burgeoning orderbook in FY22. We have raised core NP estimates for FY22/23E by 23%/31%, introduced FY24E, rolled-forward our valuation base year to FY23E but lower our valuation peg to 42x PER at +1SD to the LT mean to account for rising bond yields. Our new TP is raised to MYR8.45 (+5%) and at current prices, the entry-point is attractive as valuations are undemanding.
When up this guys like meow, henbaram and etc will come out kompang here and there when down no where to be found. This rebound is for u guys to run away not to buy more.
kpower, yesterday already announce new project 160m. the last 1 week, no significant increase in share price. meaning this week. 160m is a lot of project. sura increase share price 20-25%
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....
kpowersohai
249 posts
Posted by kpowersohai > 2022-01-19 20:11 | Report Abuse
buy more drop more....see u all at rm3.