PE of around 40 is still acceptable by kids in Penang. Investors love to see a PE less than 20.
But who knows Penang factories may be Amazon in the making, enjoy a PE of 80s as it has the potential the making big money as biz will be heading towards Malaysia after the slump in China.
Oops, we may be having an election soon! So all the come-to-Malaysia plans may be on hold for now.
No worry, the current situation is temporary. Once more clear & calm prices will go up. What goes up will come down, what goes down will come up higher.
It is holding well. The business is there. Let the greedy politicians sort out the mess they created but we the citizens r matured, has to go on with our lives.
PE still around 30. ID4 boost tech stocks from PE20 to PE30. Recession will press the PE back to 20. Still no sign of recession, maybe next quarter will see signs.
If you don't understand what I am saying, are you an engineer from Penang factories who try to goreng stocks without any stock market knowledge?
low oil prices and Covid-19 make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold. market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom. This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
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....
seenyou
58 posts
Posted by seenyou > 2020-02-27 09:26 | Report Abuse
Parked & bought more at 3.57.