1st GST gone, now immigration stuff gone, it means the big fat profit generation businesses gone, now left with 2 ringgit service business only.
What Jon said is very correct, I quoted below:
"At the end of the day, LIIHEN, despite being managed well, is still in a cost based cyclical industry. And is in the later end of the cycle. A P/E of 7 then may very well be too high, if one expects deterioration of earnings in a few years." http://klse.i3investor.com/blogs/PilosopoCapital/159235.jsp
Even a low P/E then may very well be too high in the coming years, if one expects deterioration of earnings in the foreseeable future. What if MyEg's historical PE is 14 now?
To be safe, have to cut loss instead of placing high risk hope on all GLC and construction linked companies with our hardworking money. We earned money by hardworking day and night. Not worth to take such risk. Invest in Banking is the safest so far because if banks have issue, then no need to hope any industry can be great. Not a bias but this is the fact we are seeing in front of us. Hope for a turned turtle to walk back is not easy unless miracle happen where a kind person go to turn over the turtle.
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New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
lotsofmoney
914 posts
Posted by lotsofmoney > 2018-06-02 11:44 | Report Abuse
RIP : Rest in prison for swindling the Rakyat. Best example of BN cronyism.