most of the research reports use 11x, some use 12x, I choose the lowest. Well the focus of this blog is to look at the risk to SERBADK, optimum FY18F P/E could be another topic to discuss. Of course you have the right to decide how much P/E is worth for this stock for yourself.
(1) Only reason it dropped from super bullishness at 2.25 level was ..qatar
(2) The Operation & Maintenance contract is for their O&G operation which is the life-line of Qatar and the regional countries including UAE...
(3) Remember it all happened just because they supported another group outside which is perceived as terrorist by UAE and Saudi....
do u think Qatar will suicide for other terrorist group? and do u think they still cant support them secretly while on the face agreeing to demands or so called passively as 'list of grievances' by Saudi....which they have yet to come up?
Taken profit based on TA. As the director alrd explained the Qatar case won't affect the company, in fact it would create more Biz opportunity for the company. However, the price drop further , I think something might be happening.. .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
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Posted by probability > 2017-06-19 23:26 | Report Abuse
Thanks Chong...a lot of powerful information there.