Rich Guy
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2020-06-25 11:16 | Report Abuse
The big opportunity in this space is digital transformation.” — Jonathan Curtis, vice-president of Franklin Equity Group
KUALA LUMPUR (June 23): Technology sector will see "powerful acceleration" growth in both revenue and earnings, according to Franklin Templeton Investments.
"Once we get through this crisis, we're going to start seeing very powerful acceleration, not only in revenue but in earnings for this sector," said Jonathan Curtis, vice-president of Franklin Equity Group at Franklin Templeton Investments, in "Tech Sector in the Post Pandemic World" webinar session today.
"Investors are so positive about this sector right now. Because coming out of this crisis, it (the tech sector) is well positioned to drive very strong growth," he said.
Curtis highlighted that the expected exponential growth would materialise in the coming three to five years.
"The Covid-19 [pandemic] has accelerated the opportunity in this space and we think coming out of this current challenge, we are going to see an acceleration in technology investment," said Curtis.
In terms of valuation, Curtis said the sector's valuation is reasonable, given its long-term growth potential and high quality of growth.
He believes that the IT sector's valuation is elevated but not excessive, and when compared with valuations of the S&P 500, the tech index is only at an 8% premium currently.
Curtis pointed out that the price-to-earnings multiple on S&P 500 info technology index of 25.01 times currently is nowhere near the level in 1999 to 2000 of over 50 times. "Thus, we don't think this is a bubble," he said.
On the local front, technology stocks can be seen swarming the top gainers list in the recent three months. Bursa Malaysia technology index, from this year's low of 23.81 points in March, has jumped 73.2% to 41.24 points at the time of writing.
The stellar performance of the four FANG stocks has helped fuel the upward trend among Malaysian tech stocks. All three Apple Inc, Netflix Inc and Amazon.com Inc have just hit a record high on Wall Street.
Alphabet Inc, on the other hand, has rebounded US$400 to US$1,451.86 from the low in March.
Curtis expressed his optimism about the tech sector, saying that its growth "is going to go on for a long time" on the back of digital transformation.
"The big opportunity in this space is digital transformation," said Curtis, saying that it will be supported by growth drivers such as artificial intelligence, fintech, internet of things, and 5G technology, among many others.
Curtis said the demand and the need to use the technology have really soared during the Covid-19 pandemic.
"We needed to learn how to work from home, educate from home, shop from home, exercise from home, healthcare from home, socialise from home and dine out from home," he said, adding that there has been a massive retraining of consumers on how the services work and what it could do, during the lockdown.
Curtis noted that consumers and businesses are going to continue to use these digital services and that retraining will continue not just until a vaccine is broadly administered, but even post the Covid-19 crisis.
Furthermore, he said that the tech sector has a "very good quality" being the third-most profitable sector across the S&P 500 by earnings before interest, tax, depreciation and amortisation margins, adding that it is also one of the few S&P 500 sectors that are net cash positive.
2020-06-25 11:08 | Report Abuse
废材永远是废材
Shootup
2424 posts
Posted by Shootup > Jun 25, 2020 9:05 AM |
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Shootup
2424 posts
Posted by Shootup > Jun 25, 2020 9:12 AM |
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Shootup
2424 posts
Posted by Shootup > Jun 25, 2020 9:14 AM |
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2020-06-25 11:05 | Report Abuse
alibaba007
41 posts
Posted by alibaba007 > Jun 25, 2020 10:49 AM | Report Abuse
Pivot 0.01
Resistance 1 0.015
Resistance 2 0.07
2020-06-25 11:04 | Report Abuse
Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Jun 25, 2020 10:33 AM |
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Animal is always animal...
2020-06-24 23:02 | Report Abuse
good opportunity buy in july
.offer prive
2020-06-24 19:45 | Report Abuse
buy 1c...NOW 3.3B SHARE still ok
2020-06-24 17:03 | Report Abuse
Zai
NetX will be next target ! 1C company
2020-06-24 17:03 | Report Abuse
zai
87 posts
Posted by zai > Jun 24, 2020 4:58 PM | Report Abuse
ASIABIO CAPITAL buy AT 3.5c ...
ASIABIO CAPITAL will adjusting investing portfolio..
2020-06-24 17:02 | Report Abuse
zai
87 posts
Posted by zai > Jun 24, 2020 4:59 PM | Report Abuse
Asiabio Capital selling AT took profit around 50 mil ..next buy another undervalued stock in asiabio capital portfolio..
==========
BUY RTO NETX ONLY 50M CAN !!
2020-06-24 16:12 | Report Abuse
in Malaysia bursa, very difficult to convert ICPS for sell
this Connect ICPS can...
2020-06-24 16:01 | Report Abuse
forsee they convert ICPS to sell !
2020-06-24 15:55 | Report Abuse
CONVERSIN OF ICPS BY DIRECTOR...
hope can retain 24c,,,,for next shoot up !
jb gone oledi
2020-06-24 15:19 | Report Abuse
JULY SHOULD BE BEAR MONTHS !!!
2020-06-24 15:11 | Report Abuse
jb0186 oledi back to singapore !
2020-06-24 12:19 | Report Abuse
well absorb 4c.....see afternoon
2020-06-24 11:45 | Report Abuse
when ppl go so hopeful on netx, very positive thinking, talking about hundreds percent of gain, u should be wary for an upcoming trap, DONT FOLLOW THE MASS, THE LARGE GATE LEADS TO HELL
----
when people very negative thinking , thinking pn17
don follow this mass, the large gate to wealth !
2020-06-24 11:14 | Report Abuse
once the finexia and gemspot reporting good profit.
prices will rise..
conso 2c @5...RI free 3 warrants..
TP 25
2020-06-24 10:50 | Report Abuse
MM play is depend on company !
2020-06-24 09:19 | Report Abuse
today listing 150m new pp will be sold to 1c ib
2020-06-23 23:24 | Report Abuse
304M.PP...hope this helps
2020-06-23 20:39 | Report Abuse
tommorrow 1c listing Buyer standby 120m..@1c..Top 5 tmr
2020-06-22 20:25 | Report Abuse
there will rest for a while bfr shoot up
2020-06-22 14:28 | Report Abuse
GFM NOW VOLUME COME
PLEASE BUY LOW SELL HIGH..!!
GFM
2020-06-22 14:27 | Report Abuse
all post deleted...copy n paste again
waste lot time this stupid guy
2020-06-22 14:09 | Report Abuse
OTHER FORUM DELETED POST----THIS GUY MIKEMOUSE GOT PROBLEM
johnchew Post removed. Why?
21/06/2020 8:32 PM
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21/06/2020 8:32 PM
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22/06/2020 6:27 AM
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22/06/2020 6:28 AM
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22/06/2020 6:32 AM
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22/06/2020 6:33 AM
jjohnchew Post removed. Why?
22/06/2020 6:33 AM
jjohnchew Post removed. Why?
22/06/2020 11:16 AM
jjohnchew Post removed. Why?
22/06/2020 11:17 AM
jjohnchew Post removed. Why?
22/06/2020 11:17 AM
jjohnchew Post removed. Why?
2020-06-22 12:59 | Report Abuse
Of course recommend other.. u think only recommend one counter..!.WZSATU good cataylst .ROYAL FAMILY
2020-06-22 12:33 | Report Abuse
looking good..Volume is coming.. Monitor!
2020-06-22 11:37 | Report Abuse
Shootup
2415 posts
Posted by Shootup > Jun 22, 2020 7:30 AM |
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Mikecyc
4583 posts
Posted by Mikecyc > Jun 22, 2020 8:28 AM |
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Mikecyc
4583 posts
Posted by Mikecyc > Jun 22, 2020 8:28 AM |
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Mikecyc
4583 posts
Posted by Mikecyc > Jun 22, 2020 8:29 AM |
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Mikecyc
4583 posts
Posted by Mikecyc > Jun 22, 2020 8:29 AM |
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Mikecyc
4583 posts
Posted by Mikecyc > Jun 22, 2020 8:30 AM |
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2020-06-22 11:36 | Report Abuse
sohai mouse copy jjchew post from other forum...
PHD
Stock: [NETX]: NETX HOLDINGS BHD
2020-06-25 16:19 | Report Abuse
狗永远是狗。。。改不了吃屎。。。。。
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Netx
RM 771,184 transacted at 1 sen (Volume 77,118,400 shares) 98.6% of transactions
RM 25,155 transacted at 1.5 sen (Volume 1,118,000 shares) 1.4% of transactions