My stock still stuck a lot. Else i will sell everything.
Index keep charging higher, but my stock holding didn't move. Kanasai.
Turning Cautious on HDD
We are downgrading the overall technology sector to NEUTRAL on account of the coincident and lagging indicators in the global HDD and semiconductor industries. We think the global PC market will be lethargic for 2H, which will similarly affect the HDD industry. Although the global semiconductor market is recovering, fuelled by smartphones and tablets demand, we are cautious on the longer term outlook, due to the persistent Eurozone crisis and slowing Chinese economy, which may derail potential growth prospects.
Downgrade to NEUTRAL. We are turning cautious on the global HDD industry’s longer term outlook. Thus, we are downgrading pure local HDD component makers JCY to NEUTRAL (FV: RM1.52). However, we maintain our TRADING BUY call on Notion (FV: RM1.50) as it now has three new revenue streams in its HDD segment. We are NEUTRAL on Engtek (FV: RM2.00) given the limited upside to the proposed purchase of its net assets at RM2.00 per share. We are keeping our view of a better 2H on local semiconductor packaging and testing companies, as well as our TRADING BUY calls on MPI (FV: RM3.64) and Unisem (FV: RM1.73). Although we have three TRADING BUYs vs two NEUTRALs, we downgrade the sector to NEUTRAL on the back of a possible worldwide economic slowdown that may hamper long-term growth.