07 July 2023 KLSE market study and the world on AI

Bought 3rd July 423.20, target USD800. 

Looking at how NVDA just started with AI which set sail with ChatGPT. Will they split the share? will it go up to USD 800? let's see

If they drop...will I buy more? 50 50. If they go up, what is my next target of entry?

I have no exit point for NVDA

--7th July 2023--

Malaysia is at an unstable financial state with below reason.

- Several states election taking place 

- Weak Ringgit keep pushing down with lack of foreign investor to invest into Malaysia market. Weaker Ringgit is the direct reason of retreat investment by investor. The more money they pour in, the more value get deprecated on current fund, the reason is so simple yet destructive.

- Local investors are more prudent to go for Foreign market with today ease of globalization. There are plenty of Broker allow us to do that.

- Weak properties market has drive steel, wood/timber market to somewhat lowest point. With less buyer in buying newly launch property, there is very less demand on these materials.

- There is no bright forecast in steel market in Malaysia for the moment, I hardly see a need to invest more as the fluctuation is very minimal. Unless, short term investor go in for quick buck. For now. probably is good to stay away, unless I could fish for 20% below on current actual value. Expected low to none EPS for this segment. Short term PE ratio is going to be very high

- Europe market had lessen their demand in furniture which drive lower market interest in timber and wood. EPS for this segment is going to be ugly

--US--

- AI pushs seems to be driving the market for the past 2 months with tremendous fund had pour into nvdia. They have the AI processing chip in place for the market. All in NVDA? They simply do not see any competitor now.

- Never go for EPS and PE ratio study for MSFT, NVDA, AMD and Tesla. It just simply meaningless. Probably is one of the thing for Unicorn company.

- AMD seems to be hanging with weak crypto market push (Bitcoin USD30350.10). This crypto Barometer share doesn't get any momentum at this change of wind in tech market. Investor probably had diverse their fund into EV and AI shares.

- Intel is going into AI market by offering NVDA with their new chip for AI processing. Pending offer, let's see

- EV, Not sure is good time to penetrate to EV market. TELSA, RIVIAN, NIO, LUCID. One should really dig their news to get the story on how well the Car release are. Do they partner with CHINA EV/battery?

- Current EV market is at consolidation stage where there are low sale in one of the EV company in China (recorded with only 1 EV car sale for a month). There is 1 EV company in US that has declare closure and in the way to sue it partner - China EV related company.

- Crypto, It was known that Nov 2022 is one of the dooms day for it. It went as low as USD15060 at 21NOV2022. Not that investor is going to pour in their fund, after all, there has no actual value nor asset to support the price.

- Currently Bitcoin has been swinging between 28K-30K for the past 3 months. What will be the next push and when? Will bull comes back again? Probably will still depends on how US governor goin to govern them. I don't see they going to replace real USE with them in any form yet.

- NFT is no where to be trace, Crash crypto has basically kills them. NFT resurrection will be in when Bitcoin at USD 50K. Good luck

Day day see, Day day buy. 

As if I could, probably in my dream.