@Nikmon, PE is just a reference, high PE is "normal" for high growth company, remember share price is always move 1-2 years ahead of company performance, if next year able to hit the objective, it will move for another 2-3 years or even further ahead. If current PE is "high" meaning that a lot of investor is willing to buy with that high price as they know the company will be very performing. In fact, if you read their last QR, you can see they actually started to stock up inventories in Fy19 for Fy20 in compare to Fy18 with "0" inventories. You know something is brewing.
If you look at the plantation counter PE now, you need never touch it, SOP the top norch, PE 47, Jtiasa - ve PE, TDM, Jtiasa, THplant all - ve PE, but belief me, tomorrow opening all will shoot up again, because of rising CPO price which every one is anticipated will rise further.
For revenue, their business is not creating more production but it is the business of conversion of existing cash transaction to Cashless transaction which also i belief is anticipated and surely happen now.
Wow, @ng chian zhong, thks for your insight. Seems like sky is the limit now. I need to skip it as i dont think it will worth 52 times in next 2 years, thks.
PE is just a reference. Most important is this stock bring you a very good profit at the end. High or low PE doesn’t matter if your account has double or triple return. Am I right all investors?
PE is not the most important factor. the most important factor is probability .if the probability is improved every Q and year. your investment is safe ........otherwise down to the drain.........
Revenue is focusing more than just E wallet. Revenue is directly dealing with Banks for other forms of payments ( E-wallet is part of it ) . E-wallet operator such as boost etc is dealing with bank directly. The Banks are the masters.... not e-wallets operators ...
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....
Ng Chian Zhong
91 posts
Posted by Ng Chian Zhong > 2019-12-29 15:23 | Report Abuse
@Nikmon, PE is just a reference, high PE is "normal" for high growth company, remember share price is always move 1-2 years ahead of company performance, if next year able to hit the objective, it will move for another 2-3 years or even further ahead. If current PE is "high" meaning that a lot of investor is willing to buy with that high price as they know the company will be very performing. In fact, if you read their last QR, you can see they actually started to stock up inventories in Fy19 for Fy20 in compare to Fy18 with "0" inventories. You know something is brewing.