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.

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 :)

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.

Thanks, Nick. I am not convinced general/broad tech sentiment is good yet; selective counter probably yes. In fact, I think it will take another 6 months at least. Budget 2025 will probably provide some booster for high value high growth segment but may not be able to sustain it. There is only one listed chips design company - Oppstar. The potential is high if they can learn a great deal from the partnership with Samsung. It will take a few years though.

There's a few more non listed local companies in chips design. Give it a few more years and hopefully Malaysia will have our very own chips design company. Until then, continue to invest small amount and hopefully this segment will grow exponentially as ASIC chips design market is a big market for local companies to tap into.

still the same for semiconductor, Nick. No signs of broad tech sentiments. minimum wage in Feb'2025 may hit a few percentage points off the margins. For now, decent Q3 results for tech counters needed to get out from technical bear market situation. Its good to be selective until then :)

not so soon, Nick. There's still layoffs going on in major electronics/IT companies. Started with magnificent 7 stocks and many other tech companies are doing that. Samsung is the latest one. And China, Japan, Korea typically dominated slightly more than 30% in terms of chips design. No idea what is driving the layoffs - could be driven by cost reduction. We have not seen any cost reduction initiatives in local public listed semiconductor related companies :)

no no no. i will only sell genting and genm if the following conditions triggered - (1) no more growth story (2) higher taxes introduced by gomen :) There is only one IC design company listed now which is Oppstar but not the best. Malaysia's IC design best bet is probably sitting on one of the non listed local company. I am hoping that company will be going for IPO within 2 to 3 years time.

not sure whether recent local tech stocks hype and CNY rally will be able to bring it that high, Nick. If it does, its definitely a harvest opportunity. Rising wedge forming for Nasdaq/US100, fairly valued to overvalued tech stocks valuation in the US, and 10 year breakeven inflation rate ticking up since Sep, came down in Nov and ticked up again in Dec. Generally, the last few months rally in US tech stocks are purely driven by AI related stocks it seems; the megacap stocks - Nvda, Broadcom, Microsoft, Apple and Google. Without these few megacap stocks movement, it would have been a broader red performance in Nasdaq; particularly semiconductor. You can check out the technology maps from Finviz and select 3 months performance to give you that overview that I mentioned above - the few megacap stocks.

As for the 10 year breakeven inflation rate, you can pull out the chart from tradingview. Search for T10YIE and you will be able to see what I meant by ticking up since Sep :) The higher it goes, the tighter it is for monetary policies. Growth stocks not gonna like tightened monetary policies :) Maybe a good opportunity for a healthy corrections.

just follow your own stops strictly and enjoy the CNY rally :) after all, you should be able to observe "rvix" trend recently. Lol, no pun intended. Rvix doesnt exist, the R stands for retailers :) You can see the sudden optimism from the commentaries.

enjoy the year end holiday too, Nick and T&S. welcome minimum wage salary starting Feb'25 and Trump's presidency which will probably hit local tech stocks again. As for Nasdaq, its overdued for a healthy correction due to overvaluation; particularly AI stocks. Could be AI bubble next year?

nvidia has entered correction zone joining the semiconductor stocks :) Should be seeing other AI stocks to enter correction zone. We may be spot on with AI bubble next year. FOMC meeting pointing to tightened monetary policies :) A healthy correction is on the way for US tech stocks. Malaysia tech is still in technical bear zone anyway; just continue to be in there. Value stocks will dominate the headlines taking over from growth stocks?

let abang and his friends keep the transactions active. Lol, no pun intended. Still the same, waiting since end of last year, Andy :) Will have clearer picture by Apr. If you are looking for trading opportunity, this is not the best counter given the low nosh; low liquidity if you will. Look for high liquidity stocks instead.

thats fast, Nick. Agreed with you on the book order. Additionally, Thailand has seen significant influx of PCB/SMT players over the last few years. Yet to see the positive prospect turning into Cnergen's book order yet. (2) Capex is slowing down; which means possible slowing down of the construction/commissioning of the new plant.

china is doing great cheng , if u have the chance to travel there, its wonderful
. USA start to dig in their past problems which is a red flag to their economy , should see slow retracement overtime..

sold my positions in alibaba , pretty satisfied with it. should see Malaysia come back soon with e-invoice effect

Yes, Nick. Planning a trip there in 2026. In fact, I think China has grown stronger from the first trade war to now based on the patent analysis above; impressive if you will. You know how patents work with all the rights that comes with it. Coupled with China's low manufacturing costs and economy of scale - US can no longer threaten China and China can flood the market with its patented products at a low cost. You can see how market reacts with DeepSeek. Imagine the same in semiconductor :) This is just my wild assumption.

If you are familiar with Alibaba and its balance sheet, just focus on that one will do. I think its rally has legs; will go higher if you will :) And yes, any retracement is a good opportunity to get on board and manage it well.

huhu. fast forward, AI bubble picking up pace compared to our initial discussion end of last year while US tech stocks are still expensive from valuation perspective despite in correction mode. Some of the mag 7 stocks approaching 20% correction mark and that is really good :) Trump is also picking up momentum from tariffs perspective and flexing muscles to bring countries to negotiation asap. Getting desperate to get the lateral and multilateral agreements signed by Apr. Unlikely he will be able to push China as there is no definite meeting between Trump and Xi yet. Was thinking that it could be in Apr but some are guessing in June instead. We may see Mar to be a low month which could also be an opportunity for bargain hunting :)

Cheng don't think there will be a return ticket for US tech stocks as they lack AI infrastructure like china . however for Malaysia , osat businesses will be affected , cnergen is good chance to collect, with this amount of cash , I can do whatever I want when recession hits