Posted by paperplane2016 > 2017-03-22 14:13 | Report Abuse

wow! Jay, I like your article

Posted by lizi > 2017-03-22 14:54 | Report Abuse

smart move.

Posted by cheoky > 2017-03-22 14:56 | Report Abuse

Great article. What if interest rate rise? Will then justify a lower PE and bullishness no more...

Posted by Jay > 2017-03-22 15:13 | Report Abuse

the long term average PE of 27 times covers 2005-2016 (boom-bust cycle). before 2008 GFC, US interest rate was >5%, so I don't see much problem with interest rate rise impact on PE.

my gut feel is market will pay higher PE for Bursa when market is hot and vice versa

Posted by Equityengineer > 2017-03-22 15:58 | Report Abuse

Jay nice article .: should write one for Petron also ..

Posted by valuelurker > 2017-03-22 23:33 | Report Abuse

Where do you derive the ADV data as Bursa's website doesnt seem to go back that far (eg Jan 17) and numbers dont seem to reconcile...referring to this news article - http://www.nst.com.my/news/2017/03/221256/analysts-bullish-bursa

Posted by Flintstones > 2017-03-22 23:44 | Report Abuse

Jay jay okacha!

Posted by culbertlim > 2017-03-22 23:52 | Report Abuse

jay chou告白气球

Posted by Jay > 2017-03-23 01:18 | Report Abuse

actually Bursa disclose it everyday but they don't leave it on their website very long. my friend got this data for me from Bloomberg and at least for the last few days, it checks out alright.

if compared to those analyst figures, theirs is even higher (1.93 Jan, 2.53 Feb).For Mar, last week average was 3.4b/day so my figures are naturally higher since they only reported first 9 days of the month.

Posted by Jay > 2017-03-23 01:41 | Report Abuse

anyway, I'll stick to my source first unless proven otherwise (it's more conservative anyway). but thanks for pointing that out

Posted by Jay > 2017-03-23 08:51 | Report Abuse

volume cool down but value (RM2.7b) didn't drop as much. high volume low value usually means trading are focused on those penny stocks. yesterday was expected to be down anyway since US market were hit on Tuesday night. since US market up again overnight, Malaysia party to resume?
http://www.thestar.com.my/business/business-news/2017/03/23/bursa-cools-off/

Posted by Jay > 2017-03-23 09:47 | Report Abuse

RM10 hurdle will be crossed anytime now, then who knows? sky's the limit

Posted by shunfeng2032 > 2017-04-08 19:56 | Report Abuse

good analysis but market not agree with you.

Posted by Jay > 2017-04-10 11:15 | Report Abuse

well not sure how market needs to agree with me when C11 is already up 17% from the time of writing and don't forget bursa mother already ex dividend.

Posted by newboy > 2017-05-01 21:35 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/04/26/bursa-malaysia-q1-earnings-up-13pc-to-rm57mil/