(27-01-2020, 02:39 PM)BlueKelah Wrote: Whats that local listco that makes the N95 masks in taiwan factory? Wait just saw on top movers its medtec
Thanks BlueKelah, for bringing this counter up.
Observing the price movement of medtec intl*, from the Behappyalways' first post in this thread on
20 Jan regarding the coronavirus, medtec's share price has run up from $0.05 to the peak of $0.205 on 29 Jan. What were these "investors" thinking ? that maybe medtec cld suddenly ramp up its operations or jack up the selling price of their pdts/svc, and that its revenue/profit cld increase 5x in the forseeable future ? Not forgetting that its valuation is 55 P/E, NAV $0.15.
*medtec is also traded via Taiwan Depositary Receipt (TDR).
I think this kind of somewhat irrational mkt behaviour will always happen. But for me, perhaps because I am too "conditioned" to forever think abt a self-prescribed concoction of low P/E, growing/stable dividend yield, low P/B, net cash, history of profitablity/track record etc, I always tend to miss such "short term trading opportunities"(which are usually only profitable if one has a first mover advantage) for better or for worse.
In terms of value investing during this period, I think the recent correction has inadvertently brought out value in established HK/China related counters(much like the trade war "pessimism" episode playing out previously). Of course, the economic situation in China/HK cld get worse from this point due to the many challenges the two countries are currently facing, and the various stock indexes cld also trend further down(But who can predict the bottom?).
From the various online news articles, my personal take is the very sad and unfortunate situation in China seems in part due to the lack of access to health care services and facilities, and appear to affect the elderly & those with existing medical conditions more badly. Hopefully after this unfortunate incident, the chinese govt will improve its health care infrastructure and the sanitary conditions in the wet mkts. Although we shd never let our guard down and practice personal hygiene* as well as maintaining a healthy diet, I think the constant barrage of bad news from the various media may have the unintended effect of contributing to heightened negativity and fear subconsciously :
How Wuhan lost the fight to contain the coronavirus
Wuhan residents face long waits for medical help
Man who recovers from Wuhan virus describes his experience & treatment process
Do the wise words "Be fearful when others are greedy and greedy when others are fearful." of WB apply in this situation where sellers are out in force ? I can only hope I am making rational investing decisions during this period.
*
Guangzhou scientists discover Wuhan virus on door handle at patient’s house
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