Malaysian tech stocks have already started recovering. Today most tech stocks consolidated. According to my app, 52 out of 92 tech stocks consolidated today. For instance,
The stock may be bounded in a wide range between 1.33 (29 May) and 1.62 (22 May). After breaking the range, the stock price is likely to consolidate. The stock price is likely to rebound without hitting 1.33.
Key words: smart phones, mobile devices,cloud, data centers, e-commerce
From the latest QR: (Dufu)
We expect sales to continue to remain firm in 2017 as our major product is driven by the growth in high-capacity nearline HDDs as well as stabilization of client storage demand. NAND flash memory is likely to face supply constraint throughout 2017 due to the strong growth in demand for smart phones and other mobile devices, and therefore may also affect SSD supply.
The long-term future of HDDs are likely rests with high apaity HDDs, partiularly in data centers serving cloud storage applications. The demand for high capacity storage drives, enhanced performance, and lower storage cost is set to rise. Global internet penetration, the rise in e-commerce in the emerging markets, and the current trend for high-resolution media standards are the likely drivers for continuing rise in global storage demand.
Nevertheless, the Group will continue to improve its operational efficiency and keep a tight rein on costs to ensure price competitiveness on its products. The Group is also working closely with existing and new customers in creating value to their supply chain, and will continue to seek opportunity to venture into new business segments that can synergizes with the Group's current business model. With this in place and considering the continuing stable demend based on the current market trend and assuming that there is no volatility in the USD curreny against the Ringgit, the group is optimistic about its earnings and growth in the coming quarters.
This is one of the best tech stocks in Malaysia. Their technology has much to do with smart phones, mobile devices,cloud, data centers, and e-commerce, where growth rates are very high in these areas. You should not sell the stock. The price is too low now. The stock price is likely rebound soon. Prospects of the company is very good.
On Friday, the tech sector ended a volatile week by rising 1.3 percent, topping all other sectors and a 0.6 percent rise for the S&P 500.
"The tech sector has the highest growth expectations and only moderate uncertainty," Morgan Stanley equity strategists said in a research note.
Valuations for the sector also may not be so expensive. Tech is trading at 18.1 times earnings estimates for the next 12 months, just above 17.8 times for the overall market.
Non-farm payrolls jumped by 222,000 jobs last month, driven by hefty gains in healthcare, government, restaurants and professional and business services sectors, the Labor Department said on Friday.
Working alongside the CFTC, the DoJ filed a sealed criminal action charging him and his company - Nav Sarao Futures - with manipulation, attempted manipulation, spoofing and wire fraud in February.
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Posted by Kok Leong Chan > 2017-07-05 14:14 | Report Abuse
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