 | Stock: [KHIND]: KHIND HOLDINGS BHD May 20, 2022 1:34 PM | Report Abuse This is a rm 1.50 stock , the fellow who goreng to rm 5 already put money in pocket n let it free fall ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD May 18, 2022 2:49 PM | Report Abuse Think twice why Mahsing boss simply give up his new glove business because people already know glove business will enter a very long dark mode with more losses coming due to the world is flooded with China , Thailand super cheap gloves ! Look at masks and condom , u know the worst is yet to come ! |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD May 14, 2022 10:21 AM | Report Abuse When Co founder also run away with 10 sen per share then the naive greedy definitely will left with 0 value in the last ! |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD May 14, 2022 10:18 AM | Report Abuse How other countries investors look at Malaysia stock market ,credibility and transperancy ?? |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD May 14, 2022 10:15 AM | Report Abuse A jib gor said "cash is king" n we all must understand money can settled everything ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD May 11, 2022 11:17 PM | Report Abuse @UlarSawa
13,510 posts
Posted by UlarSawa > 1 hour ago | Report Abuse
Tan Sri buying and holding mana ada lose more leh. Correct?
NatsukoMishima
Hold longer loss bigger !
5 hours ago
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U are not tan sri , u are a naive snake ! |
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| Stock: [SUPERMX]: SUPERMAX CORP BHD May 11, 2022 4:40 PM | Report Abuse 64 sens price tag for lelong ! |
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| Stock: [SUPERMX]: SUPERMAX CORP BHD May 11, 2022 4:39 PM | Report Abuse The myth of Malaysia glove stocks is a past history gone case , once in a century n it will never never happen wake up anymore or second time !
Bye bye to glove stocks n thanks for creating a classic stock maniac in 2020 ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD May 11, 2022 4:34 PM | Report Abuse Hold longer loss bigger ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD May 11, 2022 4:34 PM | Report Abuse 82 sen to 1.20 coming ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD May 11, 2022 4:27 PM | Report Abuse KUALA LUMPUR (May 11): Analysts on Wednesday (May 11) cut their earnings forecasts for Hartalega Holdings Bhd on lower glove average selling prices (ASPs) and sales volume, as well as higher cost.
This was after the group posted its first-ever quarterly loss of RM197.9 million for the fourth quarter ended March 31, 2022 (4QFY22) due to a provision for the Prosperity Tax (Cukai Makmur). This brought its full-year earnings for FY22 to RM3.23 billion.
The results were within most analysts' expectations.
KAF Research analyst Nabil Zainoodin said in a note that he expects the group to return to profitability next quarter as the management had guided that the effective tax rate will be lower than the prevailing corporate tax rate of 24% from next quarter.
“That said, Hartalega's near- to mid-term outlook remains challenging given the intense competition resulting from the oversupplied glove market. The downward pricing pressure in the current environment would make it difficult for the group to fully pass on the rising input cost to customers, which could result in further margin compression,” he said.
Additionally, he said global logistics disruptions and container shipping shortages may continue to affect shipments and possibly may persist for the next few quarters.
Post the full FY22 results release and based on the management's forward guidance, he revised his FY23 and FY24 earnings forecasts for Hartalega downwards by 11% and 3% to RM582.8 million and RM528.3 million respectively.
"We maintain our 'sell' recommendation on Hartalega and revise our target price (TP) to RM3.66 from RM3.80 previously based on 2023 of 15.9 sen pegged at -0.5 standard deviation below the five-year historical mean forward price-earnings ratio (PER) of 23 times," he said.
Affin Hwang Investment Bank analyst Ng Chi Hoong also in a note lowered his FY23 and FY24 earnings per share (EPS) forecasts for Hartalega by 1.5% and 0.4% to RM634.3 million and RM832.7 million respectively to factor in the latest performance, and the latest ASP and sales volume assumptions.
“We are not expecting a major improvement in sales volume in the next few quarters as the lack of workers has limited Hartalega’s ability to increase output,” he said.
He also said the group’s margins are likely to remain depressed due to competition.
He believes that its earnings before interest, taxes, depreciation and amortisation (EBITDA) margin had yet to bottom at 26.7% in 4QFY22, given that it was still significantly above the 22% to 23% achieved in 2019.
“The management highlighted that as there is new capacity coming through in the first half of 2022, margins would continue to remain depressed as it would be challenging for Hartalega to raise ASPs to pass on the rising production cost. As such, we reckon that profit margins would only likely bottom out by the end of 2022,” he said.
He maintained his "sell" call on Hartalega due to continued uncertainty over future ASPs and lowered his TP to RM3 from RM4.60 based on 13 times 2023 PER (from 12.5 times 2022 PER).
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD May 11, 2022 4:21 PM | Report Abuse KUALA LUMPUR (May 11): Analysts on Wednesday (May 11) cut their earnings forecasts for Hartalega Holdings Bhd on lower glove average selling prices (ASPs) and sales volume, as well as higher cost.
This was after the group posted its first-ever quarterly loss of RM197.9 million for the fourth quarter ended March 31, 2022 (4QFY22) due to a provision for the Prosperity Tax (Cukai Makmur). This brought its full-year earnings for FY22 to RM3.23 billion.
The results were within most analysts' expectations.
KAF Research analyst Nabil Zainoodin said in a note that he expects the group to return to profitability next quarter as the management had guided that the effective tax rate will be lower than the prevailing corporate tax rate of 24% from next quarter.
“That said, Hartalega's near- to mid-term outlook remains challenging given the intense competition resulting from the oversupplied glove market. The downward pricing pressure in the current environment would make it difficult for the group to fully pass on the rising input cost to customers, which could result in further margin compression,” he said.
Additionally, he said global logistics disruptions and container shipping shortages may continue to affect shipments and possibly may persist for the next few quarters.
Post the full FY22 results release and based on the management's forward guidance, he revised his FY23 and FY24 earnings forecasts for Hartalega downwards by 11% and 3% to RM582.8 million and RM528.3 million respectively.
"We maintain our 'sell' recommendation on Hartalega and revise our target price (TP) to RM3.66 from RM3.80 previously based on 2023 of 15.9 sen pegged at -0.5 standard deviation below the five-year historical mean forward price-earnings ratio (PER) of 23 times," he said.
Affin Hwang Investment Bank analyst Ng Chi Hoong also in a note lowered his FY23 and FY24 earnings per share (EPS) forecasts for Hartalega by 1.5% and 0.4% to RM634.3 million and RM832.7 million respectively to factor in the latest performance, and the latest ASP and sales volume assumptions.
“We are not expecting a major improvement in sales volume in the next few quarters as the lack of workers has limited Hartalega’s ability to increase output,” he said.
He also said the group’s margins are likely to remain depressed due to competition.
He believes that its earnings before interest, taxes, depreciation and amortisation (EBITDA) margin had yet to bottom at 26.7% in 4QFY22, given that it was still significantly above the 22% to 23% achieved in 2019.
“The management highlighted that as there is new capacity coming through in the first half of 2022, margins would continue to remain depressed as it would be challenging for Hartalega to raise ASPs to pass on the rising production cost. As such, we reckon that profit margins would only likely bottom out by the end of 2022,” he said.
He maintained his "sell" call on Hartalega due to continued uncertainty over future ASPs and lowered his TP to RM3 from RM4.60 based on 13 times 2023 PER (from 12.5 times 2022 PER). |
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| Stock: [LIIHEN]: LII HEN INDUSTRIES BHD May 11, 2022 10:15 AM | Report Abuse The White House is reviewing the penalties imposed under former President Donald Trump — which raised prices on everything from diapers to clothing and furniture — and could opt to remove them altogether, Biden said in addressing the nation from Washington on Tuesday.
Finally , the worst news come to hit Malaysia furniture industry after glove once again China furniture will rob your market ! |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD May 10, 2022 10:13 PM | Report Abuse Just because of this century comedy drama many investors esp local retailers already left hopeless bursa n move to US market for more tranparency and justice system ! |
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| Stock: [SUPERMX]: SUPERMAX CORP BHD May 10, 2022 4:30 PM | Report Abuse 64 sen is the best tag price for this fake superman in pasar malam! |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD May 10, 2022 4:27 PM | Report Abuse Harta will drop to rm 2.xx ! Hold longer loss bigger until u bankrupt , really a good value investment with 3 sens dividen at rm 4.xx per share ! Wake up dude ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD May 10, 2022 4:24 PM | Report Abuse Harta will drop to rm 2.xx ! Hold longer loss bigger until u bankrupt , really a good value investment with 3 sens dividen at rm 4.xx per share ! Wake up dude ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD May 10, 2022 4:19 PM | Report Abuse Wow finally QR net loss comes true to Malaysia glove company , Harta net loss 190 m ! Now believe already what people warned u before ! Top glove will be more worst than harta ! 82 - 1.20 coming ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD May 9, 2022 4:59 PM | Report Abuse Hold longer, loss bigger ! Glove stocks was a past history n wont wake up anymore dude ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD May 9, 2022 4:56 PM | Report Abuse 22000 workers with minimum rm 1500 wage + cukai makmur + skyrocket raw materials price + nonstop decreasing net profits + all the cats n dogs jump in to make gloves + China throw-price 0 net profits strategy to challenge Malaysia leading pioneer position = top glove 82 sens - 1.20 , hartalega 2.xx , supermax 64sens ! |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD May 9, 2022 3:36 PM | Report Abuse @
Ppmaster
3,687 posts
Posted by Ppmaster > 7 minutes ago | Report Abuse
All the fund throw , this counter no value. This counter can resume trade , this is never happen in the bursa history, this will encourage people to do fake account without any jail. This should not happen in the share market but its happening.
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The whole world looking at Malaysia on this comedy show ! |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD May 9, 2022 2:57 PM | Report Abuse Take back as much as u can before it burn all n become 0 value ! |
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| Stock: [FAVCO]: FAVELLE FAVCO BHD May 7, 2022 8:51 PM | Report Abuse Like cantonese people always says " where got such huge toad waiting for catching on the street " ?? Use your brain to think twice before staying in VIP room permanently ! |
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| Stock: [FAVCO]: FAVELLE FAVCO BHD May 5, 2022 9:49 PM | Report Abuse I will Never never touch this kind of company , u never know what the insider going to do , 85 sen div which is higher than Maybank and TNB ,really not tally with their eps !! |
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| Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD Apr 30, 2022 2:42 PM | Report Abuse There will be 2 scenario on the 9th May :
1. DIRECT LIMIT DOWN at
9am !
2. Dead cat bounce before bankers dump kaw kaw !
Which one u choose ?? |
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| Stock: [VSTECS]: VSTECS BERHAD Apr 8, 2022 9:03 AM | Report Abuse Berkshire Hathaway’s roughly $4.2 billion investment in HP supports Best Buy’s viewpoint that consumer demand for upgrades to their technology will sustain, chief executive Corie Barry told CNBC’s Jim Cramer on Thursday.
“I can’t tell you what [Berkshire CEO] Warren Buffet’s thinking, but I think his investment exemplifies our general point, which is, people are going to use technology more than ever, and they’re going to want to upgrade technology more than ever,”
This is the reason why vstec must be in your portfolio in future not only for high diyv !! |
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| Stock: [FFB]: FARM FRESH BERHAD Mar 22, 2022 10:02 PM | Report Abuse Swift haulage also got corner stone share holders but still drop like hell , this stock not for short term gamblers ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD Mar 22, 2022 4:55 PM | Report Abuse The lowest target price is 91 sen by Maybank Investment Bank, which was the first to raise its target price to RM20 (pre-adjusted price for bonus issue) in 2020. JP Morgan’s target price is 99 sen.
HSBC is the most bullish among its peers, pegging the target price at RM3, according to Bloomberg. The other target prices fall between RM1.30 and RM1.90.
To whom should investors listen? |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 17, 2022 9:56 AM | Report Abuse https://www.klsescreener.com/v2/news/view/965309 |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 16, 2022 5:18 PM | Report Abuse Well done , tomorrow 2x turbo engine up 16 sens ! |
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| Stock: [SUPERMX]: SUPERMAX CORP BHD Mar 16, 2022 1:13 PM | Report Abuse https://www.klsescreener.com/v2/news/view/964729
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| Stock: [SUPERMX]: SUPERMAX CORP BHD Mar 16, 2022 1:13 PM | Report Abuse https://www.klsescreener.com/v2/news/view/964729
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| Stock: [PMBTECH]: PMB TECHNOLOGY BHD Mar 15, 2022 12:53 PM | Report Abuse Run for your life before banker dump kaw kaw soon! |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 14, 2022 5:26 PM | Report Abuse Wow if Siltera listing on NASDAQ then u will see how frenzy from reddit wallstreetbet ! |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 12, 2022 10:03 AM | Report Abuse @Addword87
Sien.. this counter really full of BS.. I cut loss n go other counter lah =(
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U will regret in Dec 2022 ! |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 11, 2022 3:49 PM | Report Abuse @ Posted by VFTRADER > 4 hours ago | Report Abuse
can reload below RM0.80
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When u see MPI around rm 20 , d&o,dufu,fronktn,greatech ,inari,uwc,unisem ,mi all round rm 1.xx then dnex will below 80 sens ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD Mar 10, 2022 3:29 PM | Report Abuse Ularsawa is more powerful than IP MAN because he can 1 fight more than 10 ! But too bad no more dividen for his brave! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD Mar 10, 2022 3:26 PM | Report Abuse https://www.klsescreener.com/v2/news/view/962271
Maybnk TP : 91 sens |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 10, 2022 10:11 AM | Report Abuse @ Posted by Trevor777 > 10 minutes ago | Report Abuse
Money,.... most realistic and logical comments we have heard for past few days.
One of the reasons to stay away from Dnex forum is the disgusting, stinking and smelly Jap bimbo. She has no substance except to shout wafer plant and Oil...where are her figures when she first walked in and say RM40?..30..20...and now 4-6? Her only unique skill is that she can happily spread her legs wide open!
She disappeared when the price hit bottom at 865c?.....walked back in when it move above 1.00????
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I believe U are the FOMO to chase high in DEC 2022 ! Really shame on u who used dirty words to attack n abuse women !
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| Stock: [PMETAL]: PRESS METAL ALUMINIUM HOLDINGS BHD Mar 10, 2022 10:04 AM | Report Abuse @ Posted by bang_miskin > 1 week ago | Report Abuse
This company slow but steady. When our good fren kyy cakap busuk about this company, you know you picked the right one.
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Yes , this is 200% correct ! |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 10, 2022 9:07 AM | Report Abuse That s y i said dnex better than hibiscus , dnex is safe haven with wafer plant , oil n gas ,never die ! |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 10, 2022 9:00 AM | Report Abuse Super bull for dnex ! Atleast 2m lots top volume today ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD Mar 9, 2022 5:53 PM | Report Abuse From 30 to rm 1.67 within 18 months ! Crazy man ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD Mar 9, 2022 5:51 PM | Report Abuse JPM really accurate ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD Mar 9, 2022 5:50 PM | Report Abuse That s y i said 82 sens - 1.20 only buy batch by batch ! But now i will no dare to buy because skyrocket raw materials price sure will bring net loss ! |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 9, 2022 5:46 PM | Report Abuse Dnex is the king of tech 2022 ! Foreign funds will sapu all dnex tickets because of Siltera Wafer plant ! |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD Mar 9, 2022 5:15 PM | Report Abuse Wow lucky no net loss still have 100million ! |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 9, 2022 5:07 PM | Report Abuse Oil will reach usd 300 soon ! |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 9, 2022 5:07 PM | Report Abuse @ Posted by jk20598 > 2 hours ago | Report Abuse
Now Rising star formation Chart pattern signaling uptrending run!?
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Last time shooting star , now rising star ! No need TA just focus in DNEX wafer and oil gas net profits u will know what i say is true rm 4- 6 in Dec 2022 ! |
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| Stock: [DNEX]: DAGANG NEXCHANGE BHD Mar 9, 2022 10:30 AM | Report Abuse @Posted by jk20598 > 18 minutes ago | Report Abuse
One of the reason why High PE Tech Stocks like Inari,Greatec,USE,....dropping non stop could be due to demand shrinkage,as the world now in turmoil,especially Europe n USA.Products Europe n US bound will face demand shrinkage.Greatec n UWC have already shown slower growth in their latest Qr.As for Dnex,it is in a sweet spot,high Oil price,their products mostly going China n China GDP is growing at 5.5% this year.As such,Dnex business not impacted n HLIB TP1.35/1.64 n forecasted core profit growth CAGR 32% is real n possible.Real soon,Dnex share price will be northbound!Further more,as US hike interest rate n instigated the Ukraine war to stimulate the flow of USD back to their safe heaven country,this time it doesn't work because of China rising,most Funds will hang around in Asia.As todate,the war has started 2 weeks already,monetary indicators showed that not much USD has flocked back to US.Bursa the past 2 months has reported positive inflows of foreign funds!
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You have a very good macro views than other other over goreng tech stocks gamblers , i respect u !
Most important thing is when all the funds rush in to malaysia tech stocks , do u think they will choose a company with both wafer plant , oil gas at PE 7 or other over goreng high >PE 30 stocks ?
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