KSE-100 index continues to take a battering

[xyxmt]

down 500 point is battering LMAO

 

[ps3linux]

Market has been jittery, most of the post in the thread either lack substance or carry bias in one way or the other, but what I really miss is the understanding how stock market work or on a larger scale how economy works.

@blueazure even in range bound markets informed investors like you, I and other do make money, usually the complaining ones are those who have not invested in the market (just being armchair analysts) or those who have lost due to the same reasons.

There is much more going on than just the market, supply shortage issues has created a sh*tstorm globally, commodities have sky rocketed it is happening across the globe.

Sh*tistan (garbage land to the west of our country), parasites to our economy are bleeding the dollars that is why dollar has reached highest levels, imports have become extremely expensive because of both the reason global price increase/supply shortages, shipment delays (another increase in cost) and increasing exchange rates. Shipping costs not just the shipments but overland has increased thus cost of doing business has increased, no business pays the increase in raw material from its own pocket.

It is passed on to the end user, thus the skyrocketing inflation; economist don't have much in their bags to tackle inflation except increase the interest rate thus limiting business expansion.

Which in turn has a negative impact on earnings, which in turn reflect on the stock valuation or the stock market.

Hascol and 15 billion worth of offloading elahi group positions has a lot to do with the stock market nowadays, then the negatives vibes coming out of US senate, then removal from MSCI EM, to MSCI FM has again got a lot to do with the selling pressure.

P/E of PSX is between 6-7 which is the lowest among the same category of stock markets. P/B.V is around 70%, thus market is undervalued by at least 30%.

Currently market does not represent the real picture of economy or valuations, many factors are at play right now.

 

[Indos]

It is passed on to the end user, thus the skyrocketing inflation; economist don't have much in their bags to tackle inflation except increase the interest rate thus limiting business expansion.

Increasing the interest rate for Pakistan is more to bring value to the currency than lowering spending to tackle inflation. It is there to strengthen the currency and if our currency is weak then that policy is right.

Just see Turkish Lira fate.........

 

[ps3linux]

Increasing the interest rate for Pakistan is more to bring value to the currency than lowering spending to tackle inflation. It is there to strengthen the currency and if our currency is weak then that policy is right.

Just see Turkish Lira fate.........

Okkkkkkkkkkkkkkk! I'll defer to your wisdom obviously you are more connected to the guys in Q Block and those in C Block , most likely top of their agenda would be value to the currency, purchasing power parity and mundane things like controlling inflation to have positive impact in the upcoming elections wouldn't have much to do with increasing interest rate.

I don't visit the board much lately and don't contribute much to the economic section because every time I try someone "more wise and more connected" throws in his/her pearls of wisdom which leave a bad taste in my mouth for days.

Please don't quote me unless you understand the context and working behind, I have no expertise in economies of the far eastern countries that is why I don't do guess work about the reasons behind their economic policies!

 

[blueazure]

Market has been jittery, most of the post in the thread either lack substance or carry bias in one way or the other, but what I really miss is the understanding how stock market work or on a larger scale how economy works.

@blueazure even in range bound markets informed investors like you, I and other do make money, usually the complaining ones are those who have not invested in the market (just being armchair analysts) or those who have lost due to the same reasons.

i gave an ultimatum to my broker - give me insider trading lines or im done - ill close my acc


you wont believe what these brokers can do for a commission

forget blue chip , i now trade low mkt penny junk stocks like PACE( a bankrupt company) and make more money while analysts have rekt ppl with their BUY calls on banks and OMC s

 

[ps3linux]

i gave an ultimatum to my broker - give me insider trading lines or im done - ill close my acc


you wont believe what these brokers can do for a commission

forget blue chip , i now trade low mkt penny junk stocks like PACE( a bankrupt company) and make more money while analysts have rekt ppl with their BUY calls on banks and OMC s

Thank goodness being in the financial sector myself and having access to not only actual research reports but inside info many a times I don't have to rely on them, very shady people.

One can make a lot of money from the stock/bond market, only if there weren't so many restrictions on our investment/trading due to SECP I would have made more money out of PSX/BATS.

Since there is a minimum holding period for me so I mostly play on COMEX and NYSE.

 

[Bilal.]

@ps3linux @blueazure

what is your take on the tech stocks. We seem to be in the early days of what can be a very profitable decade for the sector in PSX.

P.S.: already made a killing over last year and a half investing in this sector.

 

[ps3linux]

@ps3linux @blueazure

what is your take on the tech stocks. We seem to be in the early days of what can be a very profitable decade for the sector in PSX.

P.S.: already made a killing over last year and a half investing in this sector.

These are some of the notable tech stocks in Pakistan:

Symbol	Company Name	Short Name
AVN	Avanceon Limited	Avanceon Ltd
HUMNL	Hum Network Limited	Hum Network
MDTL	Media Times Limited	Media Times Ltd
NETSOL	NetSol Technologies Limited	Netsol Tech.
PAKD	Pak Datacom Limited	Pak Datacom
PTC	Pakistan Telecommunication Company Limited	P.T.C.L.
SYS	Systems Limited	Systems Limited
TRG	TRG Pakistan Limited	TRG Pak Ltd
TELE	Telecard Limited	Telecard Limited
WTL	WorldCall Telecom Limited	WorldCall Telecom

Add Airlink to them as well. As for last three I don't know.
AVN, NETSOL, SYS, and airlink are good companies. AVN, NETSOL, SYS have a very good corporate governance, for Airlink I want to keep my fingers crossed.

Regarding the upcoming decade for tech stock I think its going to be very good. I prefer taking positions for long-term and if you can get some in primary issue then it would be ideal. Hope you got some Airlink stocks during recent issue. Better option if you can is to take position in the upcoming tech stock issue. I know couple of other companies are preparing for listing.

Stock portfolio should always be divided as short term (for short term gains based upon insider info or market trend), medium term (for medium term gains), long term ( for large capital gains e.g tech stock nowadays). Also portfolio should have an allocation for dividend earning stock like (FFC, FFBL, ODGCL, etc) and gains.

Short rem investments are no more an option for me, I have to go for medium term and long term investments. As we are looking for value I mostly invest at the lows and offload at highs over 90% of my current positions are from when market went below 30k in the recent times.

BTW this is not an advisory for any particular stock, I don't and cant' do it in Pakistan as per the code of conduct that I have signed here in Pakistan.

 

[blueazure]

@ps3linux @blueazure

what is your take on the tech stocks. We seem to be in the early days of what can be a very profitable decade for the sector in PSX.

P.S.: already made a killing over last year and a half investing in this sector.

short answer - i dont like tech stocks

i think they are over hyped and over valued

their cash flows and products are mirages of the actual underlying performance

for eg, chinese EV maker NIO is a cash burner, yet its stock is soaring . same goes for UBER and SNAPchat.



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i dont like what i dont understand -

 

[Bilal.]

These are some of the notable tech stocks in Pakistan:

Symbol	Company Name	Short Name
AVN	Avanceon Limited	Avanceon Ltd
HUMNL	Hum Network Limited	Hum Network
MDTL	Media Times Limited	Media Times Ltd
NETSOL	NetSol Technologies Limited	Netsol Tech.
PAKD	Pak Datacom Limited	Pak Datacom
PTC	Pakistan Telecommunication Company Limited	P.T.C.L.
SYS	Systems Limited	Systems Limited
TRG	TRG Pakistan Limited	TRG Pak Ltd
TELE	Telecard Limited	Telecard Limited
WTL	WorldCall Telecom Limited	WorldCall Telecom

Add Airlink to them as well. As for last three I don't know.
AVN, NETSOL, SYS, and airlink are good companies. AVN, NETSOL, SYS have a very good corporate governance, for Airlink I want to keep my fingers crossed.

Regarding the upcoming decade for tech stock I think its going to be very good. I prefer taking positions for long-term and if you can get some in primary issue then it would be ideal. Hope you got some Airlink stocks during recent issue. Better option if you can is to take position in the upcoming tech stock issue. I know couple of other companies are preparing for listing.

Stock portfolio should always be divided as short term (for short term gains based upon insider info or market trend), medium term (for medium term gains), long term ( for large capital gains e.g tech stock nowadays). Also portfolio should have an allocation for dividend earning stock like (FFC, FFBL, ODGCL, etc) and gains.

Short rem investments are no more an option for me, I have to go for medium term and long term investments. As we are looking for value I mostly invest at the lows and offload at highs over 90% of my current positions are from when market went below 30k in the recent times.

BTW this is not an advisory for any particular stock, I don't and cant' do it in Pakistan as per the code of conduct that I have signed here in Pakistan.

Yeah I know TRG has been a speculative stock in the past but is now trading at multiple of ~3.5. Their startup subsidiary Afiniti has turned profitable last year and it’s revenue has been growing at a rate of 100% a year.

Although this years their earnings include the one time sale of one of their subsidiary. Still I think their 2021-2022 EPS will be somewhere between 20-30.

short answer - i dont like tech stocks

i think they are over hyped and over valued

their cash flows and products are mirages of the actual underlying performance

for eg, chinese EV maker NIO is a cash burner, yet its stock is soaring . same goes for UBER and SNAPchat.



-------

i dont like what i dont understand -

I was not referring to NASDAQ but PSX. Our tech firms have pretty much clearly defined business model of IT service provision or enterprise software which are not vaporware.

 

[FOOLS_NIGHTMARE]

Range-bound session as KSE-100 ends 109 points down

Range-bound session as KSE-100 ends 109 points down

* Volume on benchmark index substantially lower day-on-day

www.brecorder.com