Strongly agree minghong. I am not panicked at all. Drop is a healthy position to clear off contra players and possible overbought so that it can resume uptrend again later.
As long as mid and long term it goes up slowly, then its fine. Short term tend to have some volatility. SKP will slowly creep up to stabilized at PE22 if earnings improves again next quarter.
I don't think so. The volume produced still not up to par with VS, their future prospect also not as bright as VS, so their PE level will never match VS. However they are growing, a growing company is a good stock. We dont need it to reach VS PE level, as long as it continue to improve their earnings bit by bit. You will see their stock price climb by minimum of 60% by end of 2018. Good enough for me, warrant will climb 100-200% by then. I believe in SKP and VS business model.
Wah Alex you like very chun la. Don't tell me you really insider. But at least your news so much better than someone over at VS forum claim they also insider but lead people go holland. Anyhow both also good fundamental stock.
Yes...both also good fundamental stock. VS is good stock but for me the price is factored already as of now. Need to wait more good news. SKPRES is still undervalued and should be more than RM3 as well
Colin: PE differs between different sector. It is not a rule of thumb that PE must be below 10 to consider cheap. You see tech stocks tends to have high PE (30+), construction low PE (<10).
Noted. But based on current PE 20, i afraid that the upside will be limited. Any future plan for this company to boost up revenue/profit? i just hold a little and dare to buy more.
The more people say will reach 2.50. Big guys will make sure they flush out those at lower price first or shoot above 2.5, they will move towards 2.70 before slowing down. However this may also because our index is performing that's why it is moving. Once our index turn red, may slightly affect SKP.
PE of 20+ is very cheap if compared with usa or HK technology counters which easily of PE70 and above....Malasia shall be 30-40 of PE is quite reasonable especially for exponential growth counters like VS, SKPRES and EG, as well as Inari.
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....
Alex Leow Sze Shen
5,009 posts
Posted by Alex Leow Sze Shen > 2017-12-12 15:16 | Report Abuse
Good idea Bigbull99. Wish u good luck! Huat ahhh! I entering now 2.19