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104700381 Private ID: 104700381
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    Many retail services will have the concept of paid membership. But in fact, the number of really large players is not that many.
    According to eMarketer research, Amazon Prime membership accounts for 53.1% of total retail paid membership revenue in the United States.
    Costco (9.5%), Sam’s Club (5.9%) and Walmart+ (1.5%) ranked second, third and fourth.
    $Amazon (AMZN.US)$ $Walmart (WMT.US)$ $Costco (COST.US)$
    US Paid Retail Membership Fee Revenues, by Company, 2023
    Wall Street just ended in the green last week as investors pondered over the recent rally. Mixed views from US Federal Reserve officials on future inflation in the US lent some support to the market. FBM KLCI seems set to further decrease due to widespread selling, primarily because of lack of positive drivers.
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    Regional markets were driven by late buying activity with potential interest rate cuts by the Fed. The local bourse is expected to continue seeing bargain hunting due to comparatively lower valuations against regional counterparts.
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    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...
    Translated
    Malaysian Science and Technology Stocks
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