1.83 is the best closing since Nov 1, 2017. TA improved further and are now on a more solid footing within a renewed uptrend trajectory. This is aided by KLCI and market volume which are on fire. So is ACE Market index.
Global semiconductor sales in November 2017 were at their highest at US$37.7 billion (RM151.11 billion) (+21.5% year-on-year [y-o-y], +1.6% month-on-month [m-o-m]).
Of note, growth has been uninterrupted for nine and 16 consecutive months on m-o-m and y-o-y bases respectively.
If the momentum sustains, it would be the first time global semiconductor sales reach the US$400 billion mark. Year-to-date (YTD) growth was at 21.6% y-o-y and this was largely in line with World Semiconductor Trade Statistics’s forecast for 2017 at 20.6% y-o-y, the largest to be attained since 2010.
Broad-based double-digit growth continued to be observed across all regions. The strongest was recorded by the Americas (+40.2% y-o-y) and this was followed by Europe (+18.8% y-o-y), China (+18.5% y-o-y), Asia-Pacific/all others (+16.2% y-o-y) and Japan (+10.6% y-o-y).
DJ On a tear - high chances our Bursa will follow despite being overbought ( not MMSV haha ) so 1 more round of up next mon :) Happy New year everyone - Hope all makes lots of $$$ :)
I have been postings on MMSV undervaluation since it Q3 announcement and now Mr Market has wake up to recognise MMSV. Our patience is being rewarded now. TA investors would now rush in now as TA indicators is bullish.
I am updating my peers comparison posted here previously to convince you there is still potential in MMSV. Refer to my earlier posting
1. Penta Projected FY 17 EPS 10.53 and trading at PE 28.9
2 Vitrox Projected FY 17 EPS 18.03 and trading at PE 37.7
3 Elsoft Projected FY 17 EPS 10.9 and trading at PE 25.3
4 Vis Actual FY 17 EPS 4.0 and trading at PE 15.1 (using FY17 actual adjusted for bonus issue)
5 MMSV Projected FY 17 EPS 14.62 and trading at PE 12.5
In my opinion it's too early for semiconductor stocks to go through price correction. That's why the US semiconductor index dropped in December, but rebounded quickly. The current US semiconductor index is near a multi-year high.
Semiconductor stocks may go through price correction in the second half of 2018, but it is safe to buy them and hold them at least for 6 months.
Tech stock will remain bullish but do watch its downturn. Most hve reach it peak. MMSV still hve much room to grow. At least 20% upside.
In my opinion, 2018 will O&G year to rebound like steel in 2017.
I bought dayang last week at 0.61, this wk shoot to 0.76. Perdana rose 30% in one day trading. If oil sustain >usd60, high chance to usd70 by end year.
MMSV already qualified for Main Board listing. Only waiting for Bursa to press the green light. At present normal EPS, selling at @<15x PE multiple, is Undervalued, for such a stunning EPS growth prospects company. Thanks!
@SuperPanda! Ya...!!! Good! No such things as short, medium, or long terms. At what price at what terms? What I feel it is only two terms, Intelligent Term or Foolish Term. Must Win more than you lose...!!! That's is smart term. Thanks n good luck...!!!
some may not weak investor, some opportunist and risk taker. e.g. whoever sell krono last week and change to dayang will gain >20% as yesterday.
and whom buy krono >1.0 now 0.88 already paper loss 12%.
agree strong holder will not bother krono downside, same like mmsv. strong holder will earn in long time but not many have big capital to be strong.
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Posted by Ask_Check > 2018-01-05 16:45 | Report Abuse
waiting for the positive announcement.