The most compelling stories can create the most overvalued stocks. If you add low interest rates to the mix, you have the perfect recipe for a bubble. Focus on the fundamentals of the business, and remember no stock is worth an infinite price, no matter how good it is.
UWC Bhd's net profit grew 27% in the first quarter ended Oct 31, 2022 (1QFY2023), thanks to the appreciation of the US dollar against the ringgit and an expansion in capacity to cater for the rising order book from the semiconductor industry.
UWC also updated that it has commenced mass production for 5G millimetre-wave testers while the progress of vehicle-to-vehicle testers production set-up remains on track.
The group is exploring to manufacture autonomous vehicle-related chip testers, and currently finalising the projects on electric vehicles battery cell emulators. The group also ventures into the front-end semiconductor manufacturing business and has already secured qualification for several components. More front-end manufacturing related projects are in the pipeline
Tomorrow 26-05-2023 Friday and next weeks could be bullish for quite a number of tech stocks in Bursa as US tech stock Nvidia price jumps as Nvidia has won huge contracts in AI (Artificial Intelligence)
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....
NatsukoMishima
8,289 posts
Posted by NatsukoMishima > 2022-09-26 09:59 | Report Abuse
Take profit before US great recession coming , rm 2 coming soon !