At its current share price, we do not think that Nanofilm is a compelling investment. Lofty valuations and customer concentration risk are our main worries.
Not every tech stock is expensive. Samsung Electronics trades at half the valuation multiples of smartphone peers, has expected net profit growth of 80% over two years and net cash totaling 25% of its market cap.
Stock markets warnings by Ray Dalio, JPM estimates up to $170bn net selling of stocks in the next two weeks, Goldman Sachs signals elevated investor stock positioning, China-US agricultural purchases and upcoming US Banks stress test results are what caught our attention this week.
Singapore’s private home sales for May, Perennial Real Estate’s privatization offer, Hong Kong Indices weighting cap removal for dual-class shares and China’s inaction to US-Huawei trade restrictions caught our attention this week