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Market sentiments should improve heading towards end of Oct. US mid term election in the first week of Nov. Historically, Oct tends to be a strong month. QES will be reporting q3 performance by the end of Nov. So far so good for mfg segment and lets not forget that this segment dragged QES down in FY25; 8mil loss.
Presidential term is 4 years, so Trump is still the President. Congress (House of Representatives and Senate) term is 2 years; hence the midterm election. If Democrats gain controls over the Congress, then, Trump will not be able to gung-ho anymore :) democrats have opposing views on some of his/republicans policies - particularly spending that impacts the cost of living/consumer.
Nah bro, early morning quite many tech stocks bleeding before QES follow the trend in the afternoon hahaha
But nothing we can do if sentiment in Nasdaq still bad
QES shows solid potential as a long-term play given their equipment distribution and manufacturing footprint, but the market is clearly waiting for the November earnings report to see if margin expansion can finally justify current valuation premiums.
Electrical and electronics, which accounted for more than half of the total exports, jumped 68% and reported a new monthly record high. Optical and scientific equipment, such as specialised medical gear and semiconductor test instruments, also reported their highest monthly export value. https://theedgemalaysia.com/node/822275
