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judging from the price movement, there are a few players deliberately shorting the stocks. however the sad thing is there doesn't seems to be any support from the boss itself. maybe he has a threshold of no. of shares he can buy?
I aso start collect this co. Their acquisition + pp 3 somthing if not mistaken. This price is worth to enter forblong run. Compare other tech counter high price, this one i more comfortable slowly collect for capital gain
what to do...let's wait for china taiko to shore up domestic demand. Their zero covid is policy is a pain in the arse for business owners there. Mi is exposed to that region with their new investment in Talentek and Accurus Ningbo. However I believe the boss is not a sit down do nothing kinda guy. let's see how he how navigates
@john chia. you are definitely right. some of the other counters are commanding very sick PEs. Even some prominent us tech counters doesn't command such high PE. it's just a matter of time when their trend breaks, they will be joining us at this level. anyways, this company is money making company. if doesn't perform now doesn't mean it doesn't perform later.
Vincent so far i didnt collect any tech counter like wat u say, too expensive to enter. But i start look into mi and gtronic after it drop so much from peak
correcf John. and the drop is too abnormal ady. I have experience this before in IJM when they were booted out from MSCI index. the selling is fast and coordinated.
To b honest tech industry im not familar, even mi biz modal i aso not very understand. But i buy based on their balance sheet + compare other tech counter, below 1.20 is very very valuable enter for investment
steady...you have good eyesight and fundamental analysis that is more than enough..if everything goes right, I predict this stock min.RM4 bucks in 2 years