Not saying its wrong @carlim. Nevertheless, i am expecting the price to consolidate for a few weeks, because at current price has factored in all valuation before the qr was announced. Investors might have to reevaluate for the next qr
@aries nobody is wrong in valuing stock price. Every TP has its own justification. Maybe hlb have different view when the factor in the price compared to mbb, and also your own analysis.
well,if one was to look at the semis sector growth projection. It's expected to rise by 30% in the next 2 years. This in turn increases frontkn's market size potential. Data is all available online and various interviews on cnbc. if anything, it's actually under priced due to the trade war effect on the semis sector during the course of the year. Yet,looking at qualcomm's latest report and other semis showing a recovery. There's little reason to assume frontken wouldn't be able to rally subsequently regardless of the current earnings report.In the end, you don't buy a stock based on it's current valuation but it's future potential. A reason why share price reacts strongly towards earnings forecast more than past performance.
in fact correct me if i'm wrong but the quarter's jump in revenue is the largest so far for any quarter. Also, it's currently at its highest net profit. Which part of that spells negativity?
Usually when US stock market hits record high, Trump will use it as bargaining chip by spreading negative news about the negotiation to gain some advantage during talks.
Many people wanted to own frontken shares. So every dip will be buying opportunity. Even if its overvalued, strong interest will support the price. I only expect minor correction along the way up.
well,the effect is the RSI hitting 70...hence overbought...similarly on 26th july when they reported frontken at overbought....expect a nice pullback before the subsequent rally again. (ref:kenanga overbought status of frontken 26th july.) It's the same pattern. Hence,with the pullback will come a new high. Technical traders just following the RSI.
"Global economies haven’t been expanding as quickly as hoped, so spending has slowed. And that meant semiconductor stocks may well be starting their downward cycle.
Smaller firms were spared initially, as the big semi firms took the brunt of it. But then the sector suffered.
This year is entirely different. The S&P Semiconductor Select Industry Index has returned a whopping 43.8% year to date, more than doubling the S&P 500’s 21%."
... in the conversation for semi sector...after taking the initial brunt from the trade war.
Why? I own from 50c. The reason my mood not good was annoying people like gooshen kept appearing in this forum. Like wth u guys like know everything. Stop the non sense.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Aries
659 posts
Posted by Aries > 2019-11-06 12:38 | Report Abuse
Not selling at all. Frontkn has very good potential.