STOCK MARKET DISCUSSION V150
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 Jan 6 2021, 02:16 PM
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#1381
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Senior Member
2,282 posts Joined: Sep 2019 
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QUOTE(Duckies @ Jan 6 2021, 02:15 PM) But then some say tech stock always have high PE and it's normal Hi premium for their growth, but the premium is a bit too much IMO  --------------------------- https://www.malaymail.com/news/malaysia/202...-khairy/1937512 1 day ago https://www.freemalaysiatoday.com/category/...vt-says-annuar/ 22 minutes ago Maybe a lot of short sellers are politicians. Conspiracy theory Trade safely guys This post has been edited by HereToLearn: Jan 6 2021, 02:18 PM |
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Jan 6 2021, 02:27 PM
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#1382
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(statikinetic @ Jan 6 2021, 02:19 PM) Well, how high is too high in this case? I think PEs in the 20 or 30 range is OK for tech stocks as a general rule of thumb. Tech stocks in KLSE have gone way beyond this range so it is considered expensive in my personal book. For comparison, I think Apple PE is 40x and Microsoft is 35x. QUOTE(Duckies @ Jan 6 2021, 02:20 PM) Exactly..how high is high? How normal is normal? We need to have a baseline to compare to say it's high or too high. If we compared it with Apple or Microsoft then it's not too high. But those companies are no Apple or Microsoft Yes we cannot compare MY tech with US tech. Also, their FD is way lower than our FD, with lower interest rate, their PE should theoretically be higher. |
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Jan 6 2021, 02:38 PM
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#1383
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Senior Member
2,282 posts Joined: Sep 2019
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We might have a UMNA-DOP magic at 3/4pm
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Jan 6 2021, 02:47 PM
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#1384
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(statikinetic @ Jan 6 2021, 02:39 PM) My opinion is that we should take a macro view of it. I think so too, Greatech and D&O's substantial shareholders started dumping their sharesA PE increase is usually a bullish market sentiment that prices a stock higher without any change of the fundamentals. Money flooding the market like we see today results in increased demand, which pushes up prices across the board. A good indicator is the KLCI, which is up above pre-Covid levels whereas the economy in the ground is still relatively flat. Among the most inflated PEs that we see is in the Tech sector, but we should not ignore the increases is other sectors. PEs expand in a bull market, and contract in a bear. Malaysia today is officially in a recession. With political turmoil on the horizon. KLSE is current priced like a bull market. A carry over of the recent 6 months. It has to correct sooner or later, despite the bullish reports from IBs. |
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Jan 6 2021, 03:22 PM
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#1385
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(immobile @ Jan 6 2021, 03:18 PM) haha must be the numbers or willingness to work/corporate together among parties. the usual rumors and news that goes around everytime Still it works every single time, better run quick when you see such news. Too hard to play against institution fund  immobile liked this post
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Jan 6 2021, 03:40 PM
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#1386
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(greyPJ @ Jan 6 2021, 03:39 PM) i just sold everything, keep cash, stop bleeding first. 1550 next stop, maybe we all should turn into short sellers to make money in bursalooks like down trend will continue, thanks to politicians. |
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Jan 6 2021, 03:45 PM
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#1387
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(ChAOoz @ Jan 6 2021, 03:42 PM) Hehe i think we are rounding the bend, im looking at 1800 level by mid of this year. The hope rallies, hopefully continues I think we can go 1700 in longer term, but this week 1550 is possible if the finance index breaks the support.Too optimistic perhaps haha. |
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Jan 7 2021, 09:32 AM
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#1388
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(zstan @ Jan 7 2021, 09:26 AM) Banks meltdown now KLCI 1550 is not a dream. Expecting KLFI to drop further until 14500 |
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Jan 7 2021, 09:39 AM
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#1389
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(ben3003 @ Jan 7 2021, 09:35 AM) globally oil and gas counter up, but malaysia all laosai.. Same to the banks. The, globally also up, US 7%, EURO 6%.RSS + Politics combo. Gratefully, I sold most of my holdings end of last year, although I should had sold all |
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Jan 7 2021, 09:48 AM
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#1390
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(ben3003 @ Jan 7 2021, 09:45 AM) ur bank also sold? later come back again ka? I did not sell all, left like 16% of my total cash left in banks  now cimb back to almost 4 lol. i hold serba but seems like cannot move and dropping.. thinking to average down. , afraid that my analysis would be wrong and missed the rally, so i left a tiny bit there.I definitely regretted and should have sold all |
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Jan 7 2021, 09:52 AM
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#1391
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(AVFAN @ Jan 7 2021, 09:47 AM) for banks, it's the fitch report effect + bad politics. They did short, CIMB is the most shorted bank. But the value and volume shorted is not as big as the glovesnot rss - see this, hardly any short for any bank: https://www.bursamalaysia.com/market_inform...stic/securities if 106 mil shares shorted reduced TG by 90sen, current total 125mil shorted buyback when it happens should push it back up by >rm1. more so for spmx! |
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Jan 7 2021, 09:55 AM
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#1392
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(prophetjul @ Jan 7 2021, 09:52 AM) It is good practice. I sell my trading units after the run up at 8.90. The core units are still held tight. Of course y=these are bought at much lower prices. Luckily still have more than 70% left cash. I am still thankful despite making the mistake that I did not sell all  QUOTE(ben3003 @ Jan 7 2021, 09:45 AM) ur bank also sold? later come back again ka? Will definitely buy back again, but for now, I will wait, KLFI has a high chance to drop to 14500 now cimb back to almost 4 lol. i hold serba but seems like cannot move and dropping.. thinking to average down.This post has been edited by HereToLearn: Jan 7 2021, 09:57 AM |
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Jan 7 2021, 10:22 AM
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#1393
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(EBBattlefield @ Jan 7 2021, 10:13 AM) March 2020 here we come!!!!!!!!!!!!!! Dont think we will reach there. If it hits march bottom, I will close my eyes and long the future index |
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Jan 7 2021, 10:49 AM
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#1394
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(tehoice @ Jan 7 2021, 10:31 AM) If KLCI drops to 1200 points like March 2020. ANYTHING except close to bankrupt companies to minimize your risk. What would you buy? Discuss...... Can also go for derivatives like futures, warrants. Long everything For retirement portfolio, but stable dividend counters. tehoice liked this post
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Jan 7 2021, 01:34 PM
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#1395
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(Kadaj @ Jan 7 2021, 01:32 PM) I've checked their financial statements and looks good for me. No demand, downtrend. Same for any other stocks. Until it reaches traders' support line or value investors FA entry, it will continue to drop.Any reason or news why tguan stock price keep falling recently? Cause momentum traders already ran. Prolly went to crypto/tech counters. When crypto/tech bursts, maybe we will have the fund channeling back. My FA entry for Tguan is 1.7-1.87. PRAY This post has been edited by HereToLearn: Jan 7 2021, 01:39 PM |
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Jan 7 2021, 01:44 PM
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#1396
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(MedElite23 @ Jan 7 2021, 01:42 PM) How did you come up with that FA based TP? Forward PE (based on projecte NP) vs historical PE.Margin of safety |
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Jan 7 2021, 02:55 PM
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#1397
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Senior Member
2,282 posts Joined: Sep 2019
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QUOTE(Randomization @ Jan 7 2021, 02:43 PM) Index recovering but 2nd liners not so much. Maybe big funds trying hard to support the index at 1590.EPF supporting? |
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Jan 7 2021, 03:25 PM
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#1398
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Senior Member
2,282 posts Joined: Sep 2019
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» Click to show Spoiler - click again to hide... « Next time give tips, I follow you buy This post has been edited by HereToLearn: Jan 7 2021, 03:25 PM |
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Jan 7 2021, 04:11 PM
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#1399
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Senior Member
2,282 posts Joined: Sep 2019
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Because I-sinar + RSS + Political issue,
trader safely, now not ez to win. Wait EPF cash out dulu. Unless you trade EPF absence counters, maybe higher chance |
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Jan 7 2021, 04:29 PM
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#1400
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Senior Member
2,282 posts Joined: Sep 2019
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Here's the most shorted list for each indices today Consumer 1. Aa 2. GCB 3. Bauto Industiral 1. Bstead 2. ATAIMS Construction 1. Jaks 2. Econbhd 3. Ekovest Tech 1. Dsonic 2. D&O 3. Gtronic 4. Inari 5. Penta Financial 1. INsa 2. CIMB 3. BUrsa 4. ABMB 5. Takaful 6. Aeoncr Proeprty 1. Mahsing 2. IOI 3. Ecoworld Plantation 1. Bplant 2.sime plant 3. tsh Reit 1. sun 2. pav 3. ytl energy 1. hibiscus 2. dayang 3. hengyuan Healthcare 1. topglov 2. kossan 3. harta 4. supermax telecomm 1. maxis, 2. digi 3. timecon transporationa 1. gdex utilities 1. ytl *Increase in volatility might indicate weak hands holding the stocks, but also a good opportunity if you think can rebound This post has been edited by HereToLearn: Jan 7 2021, 04:31 PM cofin liked this post
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