QUOTE(howyoulikethat @ Jun 26 2021, 04:14 PM)
Are you not worried about Nasdaq hitting new highs without correction?
Nope. I don't believe in any popular media narrative. For individual stock pickers, only trust your own research and pay attention to corporate earnings and the economic calendar in Malaysia(relevant data). The rest is noise and fear-mongering. Trust no one unless you are the boring VTI/VXUS gang. Some people enjoy the thrill of holding shares and watching the company grow and collecting dividends.
Malaysia inflation rate YoY missed estimates last Friday. 4.4% actual 4.9% forecast. No mention of it at all on local financial news. While everyone is afraid of political uncertainty, I'd say this is the time to sell out of the small-cap tech stocks and buy the dip in large caps. Since Bursa always falls behind in tracking the surge in Nasdaq index And all in GENM because --- Genting exceptionalism. Plus economic reopening with renewed vigour and optimism for the manufacturing sector. Ignore the doom and gloom.
Honestly, I am tempted to sell out of US stocks and focus on Bursa companies. I believe Malaysia will become the NEXT choice for emerging markets by foreign investors after GE15. Basically pick the winner from every industry except glove companies or any JP Morgan shorts and you will be fine and dandy. JP Morgan just revised Greatech's price target RM7.8 Source:
http://www.insage.com.my/Upload/Docs/FRONT..._2021-06-22.pdf Also UWC, Supercomnet, UMS Neiken, KGB
"Malaysia’s stable and inexpensive supply of electricity coupled with an abundant and affordable talent pool enable all to offer quality and cost-competitive manufacturing services, thus attracting and retaining MNC orders. Together with the sector's structural growth, we expect SMID to see a 2-year profit CAGR of >25%."
Everyone on Facebook is ranting about the slow growth in Bursa blue-chip companies and moving investments to the US/Vietnamese/Thailand/SG. As a contrarian, I take the opposite side because a lot of the companies that I currently own have strong foreign institutional buys for the past few weeks. I don't understand why The E keeps publishing foreign net sales.
This post has been edited by qsrt1616: Jun 26 2021, 11:05 PM