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You can consider to keep some of the low priced tickets if you are planning to harvest it at 0.8, Nick; capacity expansion, machine replacement lifecycle, industry upcycle, and China+1 strategies are favorable tailwinds for Cnergen if you will.
alibaba is a good one, Nick. Consumer related stocks - consumer tech, consumer retailers, consumer e-commerce and etc has seen the bottom in Jan'24. Consumer sector has the highest weightage in FTSE A50 and you will notice the same bottom in Jan'24; similar as Alibaba :) You can either use FTSE A50 as a reference or CHIQ for consumer related stocks trending in China :) Consumer consumptions and spending is the main contributor to China's GDP. You can be sure of gomen support to boost consumer consumptions :)
wah, Nick. Average up ooh. More drama in coming months from China+1 strategies. The trade war has benefitted China so far - advancing their homegrown technological solutions. SEA will benefit as a result of trade diversions.
Ok, Nick. Will add when there's opportunity. Seems to have more rooms for Cnergen to move higher if recent move in bursa technology index is driven by improved optimism on recovery in the second half; comparing it against the eps and PE of technology equipment stocks in main board. Example: JFTEch being priced at 0.925; eps of 0.99 and PE of 93 :) Pray for market to be efficient :)
Clarion Malaysia, a global automotive supplier specialising in in-vehicle Infotainment (IVI) equipment, today showcased its AI and robotics-based advanced manufacturing line that is powered by a 5G private network from YTL Communications and Cnergenz’s smart manufacturing solutions
hopefully, Nick. could be tough to get cheap tickets as funds/institutions are eyeing it too since foreign institutions have tripled their holdings :) I will also rebalance partial if it becomes euphoric > 0.80 as it's a mid to long term position for me - eyeing it's scalable growth.
investors investing heavily in Malaysia right now "betting" the greatest come back of the century, from taxation to e-invoice to targeted subsidy to IR 4.0 and finally DC / railway infrastructure , Anwar is racing against time
takes time, Nick. It requires some structural reforms and KLCI index constituents should be reflected accordingly. Currently the banks are still major heavyweights.
lol, Nick. We have waited and collected when it was once the hated stock :) Financial performance is around the corner and all eyes will be on the orders received in Q1.
Should be this week, Nick. Its possible that it could be today too. It will be the same for me - continue to hold as long as the margins remain at min high single digit to low double digit while waiting for scalable growth. Anything lesser than that will no longer be attractive to hold it.
Cnergen is unique due to the nature of the business/industry that it is operating :) SMT/PCB industry serving factories in Malaysia, Thailand, and Vietnam region and years of working relationship with its suppliers which are the top world ranked SMT machine manufacturers; Koh Young, ASM International and etc if you will. I guessed we were lucky to be able to build positions in the fifties and sixties during the low cycle; when it was the most hated stock despite the strong fundamentals.
I will sell Censof if there is no dividend announced by end of this week :) The latest qr showing ~7M deferred revenue which is good but current price has priced in the performance. It may pullback to mid twenties if there is no dividend announced.
Not sure, Nick. I am holding it tightly for now :) Same goes with QES. Both of these have seen increased foreign ownerships. Let abang and the funds/institutions do what they are best at; pricing it accordingly :)
that explained why it rebounded so much :) It has priced in the results. Did not notice any significant deferred revenue apart from the book orders. Margins are still good. Let abang and funds/institutions continue to do their job. And we tag along technically :)
I will just hold on to Cnergen and QES to ride the semiconductor theme for now; favourable tailwinds - china+1 strategies, capacity expansion at the back of clean balance sheet.
No impact to Malaysia ba. Emerging markets will still be attractive for foreign funds/insti compared to US market at the moment; unless the US market adjust accordingly. Russell index, Nasdaq, DJIA and S&P500 PE's are all at high side.
not yet, Nick. it has gone up by 30% and profit taking/adjustments by 10 to 15% is ok. General market is overheated to the extend price runs ahead of valuations :) Just like the DC hype :) Cnergen has to show some results in coming quarter or else, local abang will run first before foreign abang; will go below sixty when both abang starts running.
slow start in July. foreign abang became net sellers in Bursa towards the last two weeks of June; rebalancing their portfolios. Not much volatility in Cnergen for now.
Sep rate cut will be a booster for techs and consumer sector - lower financing and higher consumer spending. Will be nice to see some results from Cnergen in coming quarter to ride the positive external tailwinds.