"Joining the tech stock rally, JFTECH and FPGROUP, which design and manufacture high-performance test sockets and other materials for semiconductor giants, also saw their share prices gain 410% and 6% respectively last year." FPGROUP PER 40 times. JFTECH today PER 200 times.
before CNY MCO many business owner difficult they going into market goreng stock 1 week JF up 75% they will took profit take cash to pay salary bonus and settle supplier .
@Fukujin, there was some support at 2.11 per early panic throwing. prob could not support the earlier 2.30 as seller dominating due to overall mkt retracement. So long 2.11 stay not breakable and closes the tail more upper would be safe. Anyway think this support could be around till the listing of bonus and warrant.
Very funny that people keep touching on the issue of high PE. It's an obsolete theory and cannot be taken solely as a judgement of good stocks. If you keep harping that the PE is high, then many opportunities would be lost. My 2 cents
Don't forget JFT have a join venture plant with Huawei announce earlier. Will start operation second half of the year. With Biden won election, the US-China door will open again as well as Huawei ... Second half, JFT also plan to apply and move to Main Board soon (When KWSP etc pump in money - You can see t he opportunity)... If you can see, KESM is one of their small customer .. and how far the stock price have go.. Just sharing by 2 cents ..
last two week boss say this year covid cut OT Bonus want CNY angbao company make Bonus issue call their internal thousand factory worker penang lang sailang buy JF , now fruitful they all penang lang sold to market people.
What i know semicon up a lot .. we don't believe in malaysia market .. look at TSMC (Taiwan), Renesas (Japan), NXP, AMD etc .. their forecast is 20-30% up .. share market up 50-70%.. world wide short of chips .. This is semicon world now ..
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Posted by CoolJay > 2021-01-21 10:18 | Report Abuse
Techs going down