Most stocks have dropped at abt same quantum for rebalancing. Always ensure the CORE holdings must outperform i.e. TECH n EV.material stocks r still the global THEME.PLAY...
1st choice, OSAT : MPI, UNISEM, INARI 2nd, EV.CAR material : D&O, PMETAL, PMBTECH, MSC OTHERS : GREATEC, PENTA, UWC, FRONTKN, PARAGON, PA
NB: Interest rate is so so low. Even increase 2% which is impossible = also nothing bad will happen in biz.
U.S. Economy Ready to Surge With Big Stimulus, Fast Vaccines
(March 7, 2021, 2:00 AM GMT+8 Updated on March 7, 2021, 3:41 AM GMT+8)
~ Growth estimates have jumped in light of recent developments
~ Gains may give some pause on massive infrastructure package
With Democrats on the verge of passing an almost $2 trillion stimulus bill and Covid-19 vaccinations moving ahead, the U.S. economic outlook is much sunnier than it looked in early January.
The latest Bloomberg monthly survey of economists shows the annualized pace of growth in the first quarter will be 4.8%, twice as fast as respondents expected just two months ago. For the full year, gross domestic product is projected to rise 5.5%, which would be the fastest since 1984 and is up from January’s estimate of 4.1%.
After January’s key run-off elections in Georgia, where Democrats secured two Senate seats to win slim control of the chamber from Republicans, economists were generally penciling in a pandemic relief package worth around $1 trillion. Democrats stuck together to push through a bill almost double that size; no Republican senators voted for the plan on Saturday. The measure next goes back to the House for a final vote, expected to be Tuesday.
President Joe Biden, speaking Saturday after the Senate vote, looked for a major boost to the economy.
“This will create millions of new jobs,” Biden told reporters at the White House. “It’s estimated over 6 million new jobs by itself; increase the gross domestic product by a trillion dollars.”
“As tough as this moment is, there are brighter days ahead -- there really are,” Biden said. “It’s never been a good bet to bet against America.”
An additional round of $1,400 stimulus checks for millions of Americans, combined with supplemental jobless benefits and the acceleration in vaccinations, should help sustain growth throughout the year, said Stephen Stanley, chief economist at Amherst Pierpont Securities LLC.
@quahsb , yes , fundamental is ok. but valuation is too high. the current drop is healthy. However, now 7.90-8.00 is still risky. Especially if the next quarter did not grow as expected. i sold 70% already to reduce my risk.
Malaysia National Covid-19 Immunisation Programme starts end-Feb 2021 and expected completion by end-2021 (looking at the speed of progress, likely earlier). Full vaccinations are not required to see the effects of Covid-19 cases and most importantly deaths coming down (see Israel). Hence, by 4Q21 (Oct-Dec) you should be able to see the full effects. Note markets are 6-12 months forward looking (see Gloves). Therefore, latest by 2Q21 (Apr-Jun) we should see share prices pop back to at least pre-pandemic levels
Note: this has not take into account re-rating catalysts:
a) Pent-up demand from revenge travel and gaming (Lifting of lockdowns - MY; UK) b) Skyworlds (2Q) and Resorts World Las Vegas (summer) c) Celularity Inc listing (2Q21; assume 10% holding only) d) *Mashpee Wampanoag Tribe promissory notes USD426.3 mil write-back e) Resorts World NYC expansion f) Resorts World Hudson Valley g) New York state sports betting license bid h) Japan Integrated Resort (IR) bid i) Resorts World Sentosa upgrading j) Plantation - CPO record high k) Energy - Brent crude oil above USD 70 l) Property - Cyclical sector in an upcycle m) Life Sciences - Vast potential (see US biotech and genomics co's) n) International borders reopen / travel bubbles / vaccine passports o) WHO declares pandemic over
Genting which is a Recovery / Value stock is now also a massive Growth stock
Disclaimer: The information and opinions expressed here are for educational purposes only and the contents of this post should not be construed as financial advice and does not constitute a buy or sell call. Consult your investment advisor before making any investment decision.
Unisem was 3.80-4.00 when it earned 50million net profit. Then price goreng up to RM8-9 which is 100% or doubled already. then latest earning was 60million net profits. about 20% growth. Yes. good fundamental. got money got grow. but traders lagi good. goreng up more ,earlier and faster.
the technical correction is finally over , flush out of weak holders,consolidate a while, setting a strong base .oh!,can see a brighter ,higher price ,more positive phase ahead, cheer.
TECH growth stocks have gone thru 3 to 4 weeks of hardship. The 1st 2 weeks were a complete sell down in prices n followed by 2 weeks of flat price pattern.
With 2 hour macd close to 0 axis, any slight demand will provide the needed impetus to a ran UP...
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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....
Oxfly168
7 posts
Posted by Oxfly168 > 2021-03-02 17:50 |
Post removed.Why?