its always torturing to see price fluctuate like this when you do see the potential in one company turning a new leaf...oh well, no one says that investing is fun and comfortable...hoping the next QR will not be a bad one...
I would give this counter a thumbs down as its ROE over the past decade is not as good as my reference companies. In the packaging sector, companies differ by products and the industry they serve. So no 2 companies are alike. So when I screen for companies, I look at ROE with reference to some based companies that I have analyzed in detail. Then when I do the screening, I have a better feel of whether the target company is a better choice than my base. In the case of the packaging sector, by bases are Canone and New Toyo https://www.youtube.com/watch?v=zuL2PB7Kwkg
When screening for stocks, I some times do a scattergram of the PE and PBV. I then look for those with both low values for both. There are about 20 odd Bursa companies under the packaging sector. The PE: PBV scattergram of them as of Sep 2023 is shown in the chart below. Note that I have excluded those whose PE < negative 20 for the purpose of this chart. https://i.postimg.cc/90C1kzPw/Packaging-PE-PBV.png You can see that there are 2 companies as circled in red that have the lowest PE : PBV values. They are KYM and PPHB. Note that a cheap stock does not necessarily mean a good investment ie one that can enable you to make money. As a value investor, I use these in conjunction with some other fundamental metric eg ROE to narrow the screen. In my ROE screens, I not only look at the historical ROE but also compare them to my reference – New Toyo and Canone – where I have detailed analysis https://www.youtube.com/watch?v=zuL2PB7Kwkg
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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....
satha44
1,749 posts
Posted by satha44 > 2022-12-18 09:18 | Report Abuse
Bought KYM at 58sens...will hold till it retest its 75sens high...
Watch closely....i think its now in collection stage....