Investor's sentiment towards the company is very important.... Too bad yesterday they announced amended quarterly report which shown a drop of net profit.. If not, today maybe touching 0.300+
Despite the amended announcement it is still a profitable company trading at a very low PE ratio compared to its peers at much higer PER. We have seen loss making counters with soaring share prices. High potential for earnings growth in coming quarters. The numbers and fundamentals speaks for itself.
Those who make judgments based on their emotions tend to panic and succumb to herd mentality at the slightest hint of vulnerability. Its just human nature to fear the unknown.
Personally i believe the buying will pick up once the dust has settled. The only question is what you think is a fair price i.e. how high can it go.
Thanks kent98. I don't see why it will drop below 20 sen as their profit is better than wintoni which is currently traded more than 25 sen. Hope it will bounce back to above 24 sen.
@Atuk K fair value debatable. However as comparison among industry average of Ace Tech stocks indication is : PEs Wintoni 32.5 DGSB 28.75 PUC 14.09 If you max Priva PE to 15x Eps shld get 0.29
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....
Ah guuuu
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Posted by Ah guuuu > 2015-03-04 10:48 | Report Abuse
Investor's sentiment towards the company is very important.... Too bad yesterday they announced amended quarterly report which shown a drop of net profit.. If not, today maybe touching 0.300+