Now is Tech rout,Tech stocks are overvalued.Those with PE 60 should crash to PE 30!dnex made more profit than anyone of them,PE is only 6,very much undervalued!?It should move up to PE 30!
Over the past few days, RSS has backed off from Dnex reducing their postions from 20M to 14M. It's a significant change in direction when the odds are against them, so they rather make more bets on Airasia. With the tailwind behind you, sure can fly faster!
Tech rout started on 3/1/22,PE60 Tech Stocks crashed from 3rd to 7th,Dnex PE6 rallied n rised from 0.75 to 0.89.This could mean some Funds swam over from PE60 to safer,better bet low PE6 Dnex.This probably was reflected when 120m Local Funds bought n parked their Funds in Dnex during the period.Probably more PE60 Funds will swim over,then we can see more stable up trending share price.The burden now is on Dnex to consistently now on to produce good profits every Q down the road,show that to the Investors,then hold tight,share price should be sky the limit!
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....
strattegist
23,459 posts
Posted by strattegist > 2022-01-13 19:43 | Report Abuse
bawak balik bakul kosong je arini...