@leslieroycarter High PE is not unusual for growth stocks. Besides, the PE ratio is based on historical earnings. No one knows the full impact of Alipay on future earnings. If the earnings are high in the future, the PE will be relatively low. That said, have to watch this counter closely.
If you read through the lines. Ghl will be involved not only retailer business but e commerce as well. Look at the networking they having now. I don't see how it's not rewarding in long term. Long term. My 2 cents.
Exactly @FortuneBull Problem is lots of people sell on fear and buy on optimism and dont bother with the actual bottom line (fundamental) of the company. I still prefer to look at stock which are fundamentally sound which are selling at a bottom value and when no one is talking about it.
that's the thing with growth stocks :) . At the moment, all I know is their revenue has been increasing for the past 3 years and bam, enter Alipay malaysia. The most powerful sentiment as of now. Will it add a significant revenue to Ghlsys? I know POS Malaysia's profit increased 40% from e-commerce. That was last year. Who knows what will happen next. People want to buy, no people want to sell, hence price goes up.
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