It is very funny to see the TA recommend sell based on P/E 5, though current P/E less than 5. Take Maybank analysts, in this case, the most conservative analyst would likely say HOLD instead of SELL when actual stock price is lower than target price.
TA do not consider re-rating possibility when transfer to main board. We all know the target PE in ACE market is low due to many reasons. The annual report will be released soon in 1st quarter, see if TA still have any shareholdings on this stock. If TA shareholding increase with SELL call, this could be a very contradicted call. Check it in coming annual report.
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....
kenyiew
19 posts
Posted by kenyiew > 2013-01-16 17:25 | Report Abuse
i q so long time but cant get in 0.185...