This stock already hiked from 2.5 since beginning of year till now. It was cheap at this price, at price before result released which is 4.7,4.8, it stood at PE of 14,15 which I feel fully valued.
Enter stock at low PE and exit at high PE is always a safe investment philosophy. Sold all just before the quarter result released, part of the reason is also I entered since 2.66 and satisfied with the earning, don't wanna risk my earning with qr result.
Anyway if this stock can stand around 4.0, it still has a chance to go uptrend. Its business should have nice prospect and future since LED and sensor industries have forecast growth rate of 15%.
It may shoot high to high valuation like Gtronic, however I am satisfied with my reasonable earning which is sold it at PE of 15. Anything beyond this is not my capability to earn and I have no reason to regret.
Stock: [IQGROUP]: IQ GROUP HOLDINGS BHD
2017-08-31 11:27 | Report Abuse
This stock already hiked from 2.5 since beginning of year till now. It was cheap at this price, at price before result released which is 4.7,4.8, it stood at PE of 14,15 which I feel fully valued.
Enter stock at low PE and exit at high PE is always a safe investment philosophy. Sold all just before the quarter result released, part of the reason is also I entered since 2.66 and satisfied with the earning, don't wanna risk my earning with qr result.
Anyway if this stock can stand around 4.0, it still has a chance to go uptrend. Its business should have nice prospect and future since LED and sensor industries have forecast growth rate of 15%.
It may shoot high to high valuation like Gtronic, however I am satisfied with my reasonable earning which is sold it at PE of 15. Anything beyond this is not my capability to earn and I have no reason to regret.
Wish u luck and happy investment.