The equity market, which turned bearish in 3Q22, will likely remain subdued in 4Q22 and 2023, as we anticipate more market turmoil and fund redemptions for both bond and equity markets. Our equity and derivatives market assumptions for 2022E/23E/24E as follows: i) equity market ADV at RM2.0bn; and ii) derivatives volume at 17.5m/12.4m/12.4m p.a.
Reieterate SELL, as we maintain our Price Target from RM6.74 to RM5.20, based on a P/E target of 22x (at 10-year mean) on revised 2023E EPS of 23.6 sen
The 25X historical forward PE I mentioned earlier is based on 5 year record. It has been skewed upwards by 2020 bull run. The 10-year mean used by Affin is a better measure.
If interest rate hits 8% the stock market will be decimated.. There will be many stocks selling at 3 times PE or above 10% dividend yields, yet most of us will be too terrified to buy :)
Anyone got news about any commodity trading coming to Bursa? they build such a huge building at TRX, mimicking new york world trade center. certainly there must be huge deals coming
Bursa Malaysia extended its rally at the opening bell following a positive performance on Wall Street and as speculation continued over a Chinese economic reopening.
At 9.05am, the FBM KLCI was up 2.14 points to 1,444.20.
There were 154 gainers compared with 91 decliners.
Trading volume was 157.66 million shares crossing hands for RM42.67mil.
The domestic market has been seeing a return of foreign funds with net inflows recorded for a second straight day yesterday.
Soon for the first time in the history of Malaysian stock market, school year end long holiday falls in February-March. And also the budget is also in February.
Many will be heading to oversea for long holiday but since it is in February-March, the long holiday may not cool down the stock market.
We'll see. An interesting phenomenon to study more about the psychology of retail investors in Bursa.
Increase ORP, meaning less hot money, means lower investment, means earning lower for bursa, price drops mean can keep more, just bobi dont replace by other enough
Recently Bursa share price is getting sexy and sexier, there are one more similar sexy counter incoming to IPO - mercury securities. Rare 1+1 brokers and universal brokers, leading NP Margin in the financial advisory and stock broking firm.
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....
unicornbird
178 posts
Posted by unicornbird > 2022-11-01 09:26 | Report Abuse
I am waiting patiently for re-rating. Hopefully PE drop to 15X, after Fed raise rate this week