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Hints of whether the Fed still expects interest rate cuts at some point this year takes centre-stage for investors at the central bank's meeting that concludes on Wednesday. Rate action is unlikely, but comments from Fed Chair Jerome Powell about the potential for policy easing later in 2024 will be scrutinized. In March, the Fed projected three rate cuts this year but stronger-than-expected inflation reports are casting doubt on whether it will be able to ease policy that much - and that soon.
A ratcheting down of rate cut expectations has been a key factor behind the rise in Treasury yields and recent pullback in stocks. Fed futures markets now predict some 35 bps of easing in 2024 down from 150 bps expected at the start of the year.
AI strength , not actually good for the West, but definitely good for the East due to big population we have, looking forward to see AI coming to Asia very soon , if not in progressing
If u guys really do your homework, u will find that not all semicon tech related bursa listed company suffer from a huge revenue drop and margin squeeze last year...
Yes, most of the companies r depend on backend jobs hence the revenue plunged. But then, not all of them...
Buy
Symbol
INTC Intel Corporation
Filled QTY
Price
33.98
Total
Order Time
21/06/2023 10:34:33 ET
Business Type
Stocks
Created Time
21/06/2023 22:34:34 去年6月三哥陆续进场了，你不会等10年后再来说
However, given its monopoly status and its position in a non-cyclical sector with inelastic demand, a higher P/E ratio of 7-8x seems fair. If PBA is valued at 7-8x P/E, its potential worth could range from RM1.05bn to RM1.2bn, translating to a per-share value of RM3.17 to RM3.63.
With higher earnings, a subsequent increase in dividends is likely, providing support to the stock.
It's worth noting that PBA boasts a robust net cash position of RM193m as of 30 Sep 2023, with cash reserves of RM213m against total borrowings of RM20m. PBA's book value stands at RM953.6m or RM2.88 per share.
If PBA could achieve RM150m earnings, what is the fair target PE multiple for a well-run company with high ESG score, net cash balance sheet, solid cashflow and potentially higher ROE from stronger earnings? Does it deserve a higher PE multiple?
