Recently, many Malaysian technology companies
Stocks a few months after the IPO or
The stock price of the sub-IPO a year or two after the IPO
After the results come out
Or there are no results
It is also facing a sharp drop in stock prices
Fell
This is all too high for valuations
Related to the withdrawal of funds
There has been a strange phenomenon in the Malaysian stock market in the past two years
The stock prices of many IPOs rose sharply after listing
Tech stocks in particular
The crazy influx of IPOs
Everyone doesn't care whether their valuation is PE or PB
How tall is PE 30, 40, 50
Some did not start opening positions until the stock price rose
Maybe their story is very good
So everyone thinks PE is high
High stock prices are also suitable for long-term investment
Everyone has forgotten Apple, the Apple with the largest market capitalization in the world of more than 3 trillion US dollars
The PE valuation is also a little over 30.
Microsoft PE 36
I think he's so expensive
But their profit growth is still obvious
Swap back
For a company worth 300 million Malaysian dollars, PE also needs 40,50
Is that reasonable?
Of course every market has its own rules and circumstances
There are no companies to choose from in Malaysia
Everyone is diving into technology in droves
If during peak stock prices
Did not set a good stop-loss point
These few rounds of sharp decline
The damage was very serious
These are sub-IPOs whose stock prices have plummeted
Has there been a sharp drop in profits?
No, but there hasn't been any increase in profits
But PE is close to 30, 40, 50
The market needs to anticipate your yearly profitable EPS
There should also be at least double digit growth
If it doesn't grow at all
“Virtue doesn't match”
No...