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2 months ago | Report Abuse
Hong Leong Investment Bank (HLIB) has trimmed the valuation, and in turn its target price (TP), of Notion VTec Bhd (KL:NOTION), despite a decent set of earnings figures for the third quarter ended June 30, 2024 (3QFY2024).
The cut in TP to RM2.74 from RM3.28 is mainly because HLIB views Notion VTec to be among the companies hit by a stronger ringgit against the US dollar moving forward. The revision came after the stock plunged 57% from its recent peak.
HLIB maintained its earnings forecasts and its 'buy' recommendation, but lowered its valuation to a price-earnings ratio of 25 times, instead of 30 times previously.
2 months ago | Report Abuse
UWC's PE so high. Institute investors cannot tahan already.
2 months ago | Report Abuse
In the last hour, many technology stocks have seen a sell-off. Everyone is holding their breath, hoping for a strong Nvidia report tonight.
2 months ago | Report Abuse
Thailand has approved Western Digital's 23.5 billion baht (US$693 million) project to expand hard disk production in the country, Thailand's Board of Investment (BOI) said on Monday (Aug 26), as cloud technology and data centre demand grows.
2 months ago | Report Abuse
This appears to be a strategy employed by fund managers. After Notion Vtec successfully turned around and delivered strong quarterly results, many fund managers were caught off guard. To avoid missing out, I believe they used short-selling tactics to hedge against a potential price drop. Once the price dipped (as it did last Friday), they could cover their short positions and begin accumulating shares at lower prices. It's important to note that Notion Vtec currently has limited fund manager ownership.
2 months ago | Report Abuse
HLIB and Nomura's research reports offer strong recommendations, highlighting the company's solid fundamentals and quality. I believe many institutional funds have begun establishing their positions as a result.
2 months ago | Report Abuse
A fund manager who attended Notion VTec's recent investor briefing informed The Edge that the company mentioned challenges related to negative foreign exchange hedges. In my opinion, many companies hedge in U.S. dollars to manage currency volatility, and there's nothing unusual about Notion's approach in this regard.
2 months ago | Report Abuse
Equities in Indonesia and Malaysia are standing out as bright spots in Asia this month as global investors trim their exposure to almost every other market in the region....Bloomberg. Foreign funds have been net buyers in our Bursa markets since August 13th. However, I'm puzzled as to why retail investors continue to sell off fundamentally strong stocks at low prices. Anyway I am happy to collect.
2 months ago | Report Abuse
Equities in Indonesia and Malaysia are standing out as bright spots in Asia this month as global investors trim their exposure to almost every other market in the region....Bloomberg. Foreign funds have been net buyers in our Bursa markets since August 16th. However, I'm puzzled as to why retail investors continue to sell off fundamentally strong stocks at low prices. Anyway I am happy to collect.
2 months ago | Report Abuse
The ringgit rose as much as 1.5% to 4.3678 per dollar, the strongest since February 2023. On Friday, the nation reported a stronger-than-expected increase in second-quarter gross domestic product from the previous year, while global funds poured the most cash into its stock market since June.
2 months ago | Report Abuse
“The market is envisaging a brighter picture for Asian economies in the coming quarters,” said Tomo Kinoshita, global market strategist at Invesco Asset Management Japan. He expects investors to allocate more funds to Asian equities, especially to those in India, Indonesia and Malaysia.
2 months ago | Report Abuse
MyEG is part of global fund's portfolio.
2 months ago | Report Abuse
The ringgit rose as much as 1.5% to 4.3678 per dollar, the strongest since February 2023. On Friday, Malaysia reported a stronger-than-expected increase in second-quarter gross domestic product from the previous year, while global funds poured the most cash into its stock market since June.
2 months ago | Report Abuse
UWC's PE lagi tinggi = PE203.34
2024-08-10 17:33 | Report Abuse
CGS International will remove cash upfront requirements starting next week, on 12Aug24. This action demonstrates the broker’s confidence in the company’s fundamentals. Please take note on Nomura's target price RM3.51 and Hong Leong Investment Bank's target price RM3.28.
2024-08-06 15:00 | Report Abuse
Nomura target price for Notion RM3.51
2024-04-24 19:32 | Report Abuse
Dubai flooded - UAE contributed over 11% of the revenue to Synergy.
2022-12-03 14:32 | Report Abuse
250,795 number of vehicles PERODUA sold between Jan to Nov surpassing its full year range of 247,800. Go go go Betamex.
2020-11-03 17:58 | Report Abuse
DK, please add me in private group. I dont know why out of sudden I was remove from the group.
2020-07-03 22:11 | Report Abuse
Please add me in your GLOVE Private discussion group
2020-05-25 08:51 | Report Abuse
DK66, can add me into your group? Thanks
2020-05-23 14:33 | Report Abuse
DK66, please add me in the group. I am your supporter
2019-08-13 21:00 | Report Abuse
Easily to move up to 0.40 if tomorrow
market sentiment is good.
2019-03-17 16:43 | Report Abuse
Bye Bye mi. See you second half.
Stock: [UWC]: UWC BERHAD
1 month ago | Report Abuse
UWC's Q4 results will be out soon. Careful!!!!