Shiba Capital

Author: Shiba_Capital   |   Latest post: Wed, 6 Oct 2021, 5:44 PM


Quick recap of what happened this week! *Full of Volatility and excitements*

Author:   |    Publish date:

**Disclaimer: Everything posted here is for infomational purposes only and do not constitue any investment recommendations.**

Lets look at US first

 US Volatility

SPX retested 120MA since October 2020 and had a sharp rebound to close the week. While things are looking optimistic, investors should stay nimble as the market swings around the top.  

While Malaysia:

Big cap tech stocks breaking new high, brighter outlook on the rest

$D&O, $VITROX, $GREATEC, $FRONTKN, $INARI etc are challenging new highs despite weak global markets. 


Others are gradually recovering such as $MI, $AEMULUS, $UNISEM, $DUFU, $UWC and more.


5G madness

Telco infra related stocks also shot up dramatically days after the government’s allocation of RM 7.7mil to prepare Sabah and Sarawak for the switch to 5G technology. The sector itself is known to be volatile and has rapid movement in both ways. 


China managed to hit headlines with: 

Evergrande saga

China's central bank increased its injection of short-term cash into the financial system $18.6Bil through reverse repurchase agreements. While Chinese authorities are carefully monitoring the situation before making substantial moves.

A brief explanation on how it happened at our previous post : Click Here 


Malaysia QR highlights


While QR is important, it's not everything. 

It's always more important to see post QR market reaction.


The polar opposite reaction will be $VS vs $JHM where one breaks new high after the QR announcement while the other one faced huge volume selldown.


$KRONO - Good improvement as enterprise Data Management continues to dominate the contribution and profit is mostly contributed by higher revenue. Management is penetrating new markets and looking for strong growth especially in cloud based revenue. 


$VS was slightly impacted by FMCO and cost of impairment. Excluding this the Profit should grow when compared YoY. 

$VIS - Higher revenue due to increase in sales of machines thus the higher PBT. Huge leap in both QoQ and YoY leading to a limit up on Friday. 


$OPCOM manages to maintain the performance QoQ, optimistic that demand for fibre optics will increase due to government plans, but aware of the risk in increasing foreign competition.


$DNEX had a huge jump in profit due to contribution from acquisition of Ping Petroleum which is inclusive of the fair value of oil reserves held by Ping in the Anasuria region, hence recognised as a profit. Silterra’s financial contribution is expected to provide positive effects in FY 2022. The company’s share price has always thrived on prospect instead of current earnings thus is important to observe market reaction next week. 


$JHM’s higher PAT was derived from other operating profit including the guaranteed profit received from the subsidiary as well as disposal of leasehold land, thus the negative market reaction. Inventories however increased to support the critical newly secured EV projects in near future. 


That’s all for this week’s market recap! Thanks for reading~ Invest safe and stay nimble.


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