kaaa
2021-8-19 09:52:55
Inflection signposts – sell signals accumulate. We were prepared to become more constructive under the right conditions, but ultimately it is about inflections in the cycle and trajectory of earnings estimate revision breadth – the former approaching an earlier peak YoY pricing and latter approaching negative earnings risk that follows. Our belief is that: (i) the next cyclical downturn begins from 1Q22 and DRAM will stay fundamentally oversupplied in 2022, exacerbated by inventory builds; (ii) recent growth indicators have downticked, while demand held back by component supply; (iii) valuation is no longer compelling on the way down; and tactically buying on the dip no longer makes sense from a quant perspective – we expect better entry points in future.
Arsene永遠都存在
2021-8-19 09:56:16
2018同2021個trend其實inline with SK Hynix講法
冇所謂嘅2年嘅cycle，而係平穩demand 有spike咁解
臨收市跟甩咗，第二日要開市價加返
仲有呢啲機會可以all in