With MCO, social distancing and all that, dividends are likely to be scrapped. A fair share price should be RM3.00

Stock will move up coz EPF managers supporting it and pushing it higher to attract momentum investors.

Amway is a MLM company. Young ppl, being new recruits, start at the bottom of the pyramid. There is tremendous attrition rate at the bottom of this pyramid. How to survive with so little rewards? Difficult to solve this problem as those at the top won't want to give up their cushy commission. The solutions is to get more and more sales recruits. But eventually, new recruits will reach saturation point. That's why Amway is not the company for long term investors.

I was too generous when I said rm5.50 is the intrinsic vale.

It’s not just e-commerce that resulted in the drop in profits. It’s the nature of MLM business structure itself. They can’t grow: at best, profits will just flattened out. Only the EPF can artificially prop up the price.

5.50 is the intrinsic value for Amway. MLM companies cannot grow anymore