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Kok, lately there is alot of readjustment of portfolio from oversea and big investor. The reaaon being USA stock market is too hot now, I am not sure how high it will go, but definitely the % of bearish is more higher than bullisg now.
As all of us know US market bullish, our KLCI didn't seems to move, but if bearish, our market will tend to drop more further. Especially O&G and technology counter. Lately all 2nd and 3rd line counter has increased, but the qr just within expectation.
If u ask...
Ask me what counter, at the moment that is alot big counter price is coming back, Takaful is one of it, but with my min fund, I must choose the most potential counter, currently waiting it to happen, now I left teoseng in hand, others 3 counter just free ticket, eyeing on big counter u alr know which 1, and some of the technology counter.
Kok, i will update if any counter I go in, then u will know, let's us see Airasia tmr. I hope below 1.5 ~ 1.3
Yes we know the big funds movie. That's why many ppl curious why good company with good fundamentals but share price drop. So its really a chance for value investors. AA im not interested la too many factors to influence the bis. I even help my parents to sell at 1.88 previously. Btw, what counter u meant i alrd know?
cars brand biz is just a short term trend. nowadays, no one buy lexus, volkwagen, Volvo, citroen. car biz will get absolute very fast. mercedes and bmw also going to outdated
a lot of people buy in purposely to trade short term profit chasing high and not even consider the fundamental. in the end get caught and all bullet locked.
True. But I think EPF ady buying. I saw few times support. From what I know, total banca contribution for takaful revenue is 50% and mainly contributor is Bank Rakyat, Bank Islam and Affin. RHB is around 15% out of all banca sale.
Morning I provided my own opinion, hope no one go in yet at this moment.
Let the case and market calm down 1st, you guys can trace back to end of 2018, compare the price with peak, price alr oncrease almost 100%, all is about forward PE.
Same with alot of technology counter, now market give alot good prospect for tech counter, therefore all PE >30, if stg happen, then drop back PE<20 still possible.
@Hockie, comment i place previously is only an example. Different sector got different PE from market. Ignore tech sector, only look at takaful chart. Given 2018 to 2019, the share price increase almost 100%, for only the company profit increase around 20%. No need complicated calculation, by seeing this you alr can know market has given forward PE value to the company when Takaful was at rm7. No doubt that moment market was very optimistic, has it own reason. True dat Takaful that time given...
... Market very strong confident it will keep growing significantly. But with only a news, u can see what will happen for those company which PE alr forwarded.
I use tech as example is becuz nw market been giving tech sector more n more higher PE, investor need to think is that over optimistic or true great future prospect?