This round also pushed by all IBs as you can see they upgraded Top Gloves and Supermax to a very high TP due to high projected earnings and more than 10 months lead time. This round may be slightly longer.
Henry8833 This round also pushed by all IBs as you can see they upgraded Top Gloves and Supermax to a very high TP due to high projected earnings and more than 10 months lead time. This round may be slightly longer. ===========
in theory, abnormal earnings should be matched with lower PE...........but that is only theory in textbooks.....
in speculations, high abnormal earnings should be matched with extra high PE..........die or not?
Well, how do IBs make money? Commission, not the accuracy of their TP. Incentive is a superpower.
And under the context of confirmation bias, IB's TP is irrelevant. IF they provide a higher TP, the crowd use to rationalise their decision; if their TP is lower, the crowd rationalise that as an act to get the market to sell down so they can accumulate.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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!
MQ Trader 374 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11714 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main 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....
enigmatic ¯\_(ツ)_/¯
912 posts
Posted by enigmatic ¯\_(ツ)_/¯ > 2020-05-22 12:06 | Report Abuse
Very hard to resist the temptation of making a fast buck when glove stocks are making more money each day.
But what I tell myself is that, this kind of investment method is not for me.