1.36 already ovérshoot...too strong bison running. Fair about 1.22. Miti allocation will sell first. For simple comparison new listing Chinhin from .785 to high of .88 only. This has to go down first...too expensive.
Dear Cheeseburger,Buying into biz vs buying into assets is a different thinking although it is not wrong using NA as yardsticks.It is inappropriate to use NA as guidance under retail industry,lets see
Maybe can start buying slowly. Near ipo price. As I can remember only AAX are doing very bad since IPO.
I think whoever want to sell already sold. Consumer/retails will do well especially first mover....because this business is about locations. They already pre selected for most MRT stations. Good things are...large portion of IPO money will use to build new outlet. Maybe offering fresh food will increase margin futher.
Malaysia’s largest home-■ grown convenience store player, with an estimated outlet market share of 8.6% (in terms of outlets) in 2015. ■ The company is set to expand its store presence by 115 outlets from 255 stores currently as well as to increase profitability through higher-margin products. ■ Our end-2017 target price of RM1.80 is based on both PER (20x target P/E) and PEG (1.0x) valuation methodologies. ■ We initiate coverage with an Add recommendation
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....
ryong92
384 posts
Posted by ryong92 > 2016-04-05 13:23 | Report Abuse
Time to leave. Thx bison. I never trust on a stock that will up for 2 weeks time.