Malaysia Tech Stocks - 4 Stockbit community favorite stocks hit all time high last Friday.

1) $SGX-AWX AEM SGX - hit sgd4.80 on Friday on the back of solid Q3 result and an extremely bullish sounding management briefing - to which management upgraded guidance for Q4, and reiterate that Q4 result can be sustainable in 2022. The volume traded was one of the highest of the year, indicating that institution flow could be coming in. In my opinion, this stock remains a personal Top Pick.

2) $INARI / 0166 (INARI AMERTRON BERHAD) - hit RM4.05 on the back of confirmed news that it’s an ADD to the MSCI Global Index at the end of this month. It’s expected to have about USD150m passive flow coming in buying around 150m shares of the company. To cap the day off, it reported a record profit of RM107m, first time it reached 9 figures in a single quarter. Inari is the largest tech manufacturing stock in Malaysia and is the prime beneficiary of key themes such as 5G adoption, continued growth in smartphones and semiconductor. Inari will keep progressing and hitting higher quarters and in my opinion is a HOLD to BUY, there’s still upside and potential re-rating once it’s included in a couple of indexes.

3) $PIE / 7095 (P.I.E. INDUSTRIAL BERHAD) - hit RM4.28 on the back of positive momentum and demand of its services. The fact that it’s moving beyond Nintendo (despite its recent headwind of cutting production due to chip shortage) is also a good news. PIE had a strong momentum post some media article released at the end of last month highlighting its connection to EV business in Thailand. From friends in and around manufacturing line, I got to know that PCB manufacturing / PCBA / SMT business is booming and the players in this space are in high demand. It's no wonder local pcb companies such as $SCOPE and $GUH is heavily trending as well. However valuation wise, the company is currently trading at premium vs it’s peers and in my opinion is pretty much fairly valued in the short term for FY2021. ATAIMS result paints some challenges such as labor shortage, supply chain disruptions that it might face.

4) $KOBAY / 6971 (KOBAY TECHNOLOGY BERHAD) - hit RM5.89 on the back of.. general good sentiment? Being pushed higher due to private placement exercise? Or due to Bitcoin hitting extreme high levels? Recall that kobay won a new client in high level assembly for advanced data server - machines, which my educated guess says are used for Bitcoin mining.. personally have sold all but 10% of Kobay. For contract manufacturing, I prefer SAM.

All in all, pretty sure the tech manufacturing sector had served many investors well in 2021. Is it expensive and overvalued? Definitely. And as valuation goes higher & higher, there needs to be constant check & rebalancing, and to stay invested in those that offers bigger moat and growth prospects. Congrats to all stockbitors that invests in these names.

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