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In bursa people always said just wait next year lolz. Those who chased gloves stock after COVID and hope for next year all...
and KLCI index people also keep said next year 1800 since 2021 I think lolz
Cheng, US rate cut may boost but ringgit seems strong now which will definitely affect their next QR. But there should be a team to push the share price upwards again for sure, may take some times to reach 5th floor again though.
Cheng you are very positive. But this counter for me need to have patience to wait for another 2-3 years only for harvesting, but depends on KLCI also because KLCI is very weak compared to other markets lolz
The sharp share price drop occurred in mid 2021 due to Fed rate hike fears after inflation data. From then until 2023, I think tech companies posted strong QR boosted by the favourable USD/RM rate despite in a bearish stock market. RM then gradually recovered, but events like wars and recent trade war have created uncertainty. Strong RM will have very strong impact on tech companies too. Thats why if sales revenue can stays strong, I dont think the situation is as bad as it looks. Good luck guys