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i dont think it will affect the tech stock, TSMC will migrate either to America or Asia, i just read a news German BASF and semicon company invest bilion dollar in China.
looking at P/E ratio alone is not so accurate, since Tech companies always have higher PE.
should look at PEG (PE/Growth rate) ratio instead. Below 1.5 is great, 1.5-2.0 still acceptable.
say D&O PE49, but it is growing fast, say annually at 20%. PEG=49/20=2.45, which is still slightly higher.
Growth rate is a very subjective parameter, which high interest rate today, growth rate is expected to be lower in short term. There are many websites which forecast growth rate of a company.
Fundmental Analysis is not reliable strategy, it just use for selecting financial stable company's stock, it do not mean it share price will rise in future, Technical Analysis is the reliable strategy to spot the market movement
To add on:
Fundamental analysis - current financial stability of company
Technical analysis - short-term price movement
Intrinsic value - long-term price direction
Non of the FA and TA are working in trading, the info get from insider in the firm are accurate and confirmed market trend pullback. Warren buffet and charle munger know that, so they get rich easy, other strategy is only bullshit. lets stick to supply and demand strategy, haha