Do u all know the meaning over goreng ? That s worst than over value ! Common sense lah look at many tech stocks eps n net profits , do u think they really worth the price over rm 2 ??? Simply chase high without common sense will bring u permenant free hold President VIP room !
I believe too much in EV.TECH theme as the best global biz to own. I overstayed on d&o n mpi, thinking all is well after a regular PT. In just 3 mkt days, both ended crashing badly.
I spend too much time looking for the next great stock. n slept on my wheel for not identifying the best exit pt i.e. 1st LH then LL. If members r kind enough to shout out this pt, am so glad to listen 1st.
Purebull, Don't beat yourself up . You were correct in the EV stocks chosen. It had a fantastic run up over 2021. You only didn't TP , at least some of it. As they say,, go in TA , get out TA.. If go in by FA , what is there to worry about, Unless the FA has changed...
In my opinion,it's dangerous to keep justifying fundamentals when a sector has a steep rally.I don't have huge appetite for high risk.It's advisable to sell on possible rally next week since the sector is technically oversold and almost reaching the mthly chart's 20 ema/center bollinger band around the 79 level happens to be 38.2 percent between 23.6 and 38.2 percent retracement from the low of 23 to 101.Just my opinion,I could be dead wrong.
Inari : PE 34.07 MPI : PE 27.23 Unisem : PE 24.36 Vitrox : PE 51.65 Greatech : PE 44.54 D&O : PE 56.90 KESM : PE 36.27 UWC : PE 59.83
Technology affects almost every aspect of 21st century life, from transport efficiency and safety, to access to food and healthcare, socialization and productivity.
Malacca Securities Sdn Bhd senior analyst Kenneth Leong concurred with Wan and said the downtrend of Bursa technology stocks was due to the weakness in Nasdaq.
“Based on the current situation, the downtrend is expected to continue. Technology sector had a good run in 2021, I think investors are using this as an excuse to take profit,” he said.
However, in the long term, he opined that technology stocks' fundamentals remain intact, supported by their earnings growth.
“Now the technology [sector] is still under downward pressure. Investors could wait for the market sentiment to stabilise then to start bargain hunting,” he said.
Hello, glover here. I don't know much about the tech sector, so I won't comment much. But whatever you do, please do not panic. Before making any decision, ask yourselves whether if you're (1) a short-term trader or (2) a long-term investor. Ideally you should have a goal/strategy before putting money in any counters.
(1) If you're a short term investor, you have to figure out the market trend in the coming weeks or months. Do investor expect the downtrend to continue, or a technical rebound next week following yesterday's sell-off? If a downtrend is expected to continue, try to make an exit when prices rebound. If you believe the sector will recover soon, then look for opportunities to buy when prices are low (and take profit when it rebounds)
(2) If you're a long-term investor, figure out whether there is a future in the tech industry. If you believe this sector fundamental is intact, don't be too concerned with occasional downturns, look at them as an opportunity to accumulate. If you think this sector has a pretty dim outlook, you should've had an exit plan (take profit or cut loss). Prices have increased several folds in 2021, will it continue to increase in 2022? I don't know.
It is also very important to diversify your portfolio. Even if you strongly believe in the semiconductor and the EV sector, it is not advisable to put everything into the tech sector. Diversify into other sectors: banking, plantation, retails...etc. Look out for companies with high cash flows and a reasonable debt. While I am strongly biased toward glove counters, I try to maintain a maximum of 30% in the glove sector. Occasionally I've exceed my quota (at one point ~60%), but I look for opportunities to sell off and reached my 30% target. My portfolio took a beating in 2021, but I did not lose too much sleep over it because I did not go all in into gloves.
How much you want to diversify is up to you. You are free to put it all into the tech sector if you have a high risk tolerance.
To me MPI is a solid counter, but yesterday's movement could easily cause people to panic. First know your goals (short-term trader or a long-term investor). Second make your buy/sell decisions based on your investment goals. Diversify your portfolio based on your risk appetite and most important of all: Don't Panic!
Very healthy discussion here, as healthy as mpi. We acquire skills of investment as time progresses.l take medium term investment strategy.l will buy slowly from my perceived low , since it is a good stock with future growth prospect.
More than 36% of the stocks in the index are down at least 50% from their 52-week highs However, Semicon index only dropped 2.5% from the top...still very strong. Mega cap like Apple dropped about 5% from the top.
In Msia context Msia big cap tech i would say MPI and Inari Small cap tech Greatech, D&O, UWC, KESM may have more room to drop....
I will buy MPI in next cycle when buy signal appears.
I bought MPI at 27.00 in 2021, sold at 29.00. I regret that I did not hold on to MPI in 2021 to sell at 50.00. I have very high confidence on MPI. Thank you.
Back to 2019, MPI is earning around RM150mil per annum, and share price is RM10. At that time, market PE is around 10x only
Now 2021-2022, MPI is earning around RM300mil per annum, and share price is RM40. At this moment, market PE is around 30x, some other tech stock can even have 40x, 50x, 60x
During this two year, how much capacity MPI has increase?
Although technology demand has increase, but I believe supplier will increase also.
When the profit is good, other country will setup factory to provide the similar services, same like Glove, when the profit is thin, whole world don't want to produce, so Malaysia can take up 60% of world supply. But when profit is good, all country try to setup factory produce themselves, and our market share starting to drop from 60%, 50%, 40%...., until a level where it no longer profitable, then other country will give up the production, then our market share will back to 60% again.
To sustain at this price, it is either MPI can continue to growth from RM300mil to RM600mil or RM900mil, or else PE will start drop from 30x to 25x to 20x to 15x. The drop will be faster if the profit is no longer growing, or when it start to reduce.
By that time, the share price will back to RM15 or RM20 like this.
Above is just my personal thought, I am try to learn from Glove Mistake and see whether it can apply to other sector and to help me to avoid big loss again.
Technology affects almost every aspect of 21st century life, from handphone to EV, from communication to logistic and e-commerce, from transport efficiency and safety, to access to food and healthcare, socialization and productivity....
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....
monetary
4,447 posts
Posted by monetary > 2022-01-13 16:07 | Report Abuse
glove takes yrs to recover. tech only takes less than 6months