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Equity market continue to be volatile with the mixed view on the economic outlook. Some say economy is hampered by inflation, hence the need to increase interest rate to cool down the inflation. Food cost continue to rise, and energy prices are elevated due to war and also economy going back to pre-covid level. 6 to 7 years of under investment in the oil and gas sector resulted in oil production unable to cope with the demand. On the bright side, oil and gas industry are flourishing with fat pay checks and bonuses. Every crisis come with opportunities, it is a matter on whether you choose to look at the crisis and run away or find the opportunity and take action.
Notion VTEC Bhd (NOTION 0083), primarily involve in HDD business and automotive brake part fabrication. However, through years of improvisation, the group is now an EMS supplier for top MNC. They are also involved in face mask supplies.
Season and experienced investor will know that Notion is an exciting counter to trade at when the time is right.Going down memory lane, one of Notion strong rally came during the near maturity date for Notion-WB in 2017.
Notion WB exercise price RM 1.00
As we can see the mother share had rallied strongly at the start of the year from RM 0.40 until RM 1.40 for the warrant to be worth converting into mother share.
Coming into 2023, now we have Notion-WC in the coming of maturity stage in the month of MARCH 2023.
At the revised exercised price of RM 0.56, can Notion mother share rally to RM 1.00 region again?
It will be very much interesting to see how Notion will trade in the next few weeks
Technical outlook will be seeing a good uptrend outlook for Notion entering the new year of 2023.
NEXT ON NOTION ---> Potential new EMS contract from existing customer in 2023?
