samerbleeding heavily this round, its a carnage !!
Up_downTenaga is traded at PER 11.5 times. If investors are willing to ditch Tenaga, what would happen to other big caps trades above PER 20 times later.
samerBut isn't it norm for utilities companies to be trading at PER 10 to 12 times?
Up_downBAT is much smaller when comparing with Axiata, Maxis, IHH, Petgas, TM, IOIcorp.... Those funds may not able to support anymore.
Up_downsimple....KLCI index is known of grossly overvalued while comparing with regional bursa. Crude oil price slide may increase uncertainty of RM against USD.
Up_downCheap crude oil price would give a boost to the world powerful economy countries like US, China & Japan. The world is heading to the right track of achieving higher economy growth. Msia would certainly reap the benefits of the growth but we have take the pinch of low crude oil price first. KLCI index is bound to head south to reflect instability of the economy.