Jessica, Syariah means Islamic principles following the Holy Quran & Sunnah (Prophet Muhammad's teaching). Syariah-compliant companies must not deal with unislamic activities such as gambling, alcohol & interest. Islamic instituitions like LTH, EPF Islamic funds, etc & traders with Islamic account must dispose if they have these shares in their portfolio. Thus, during the short term, these counters will face selling pressure
Blog: CAB CAKARAN: Achievable Target price = RM3.09? (Part 3) (WealthWizard) Apr 6, 2017 03:44 PM | Report Abuse Personal view on company valuation in stock market is sometimes varied with market. To me, Gdex is it never worth more than 15 times PE, but it is 79 times PE now.
I saw golden opportunity to buy in now ,I have no doubt for Jack Ma will keep his words to launch a Digital Free Trade Zone in Malaysia . At that time, Gdex & most of the leading transportation company will grow 100 times bigger like Coco -Cola. Imagine, Gdex already have the facility to deliver my Alibaba goods I purchased, we just need to wait for the the dragon egg to hatch. :)
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Posted by dxbman > 2017-05-27 14:13 | Report Abuse
Jessica, Syariah means Islamic principles following the Holy Quran & Sunnah (Prophet Muhammad's teaching). Syariah-compliant companies must not deal with unislamic activities such as gambling, alcohol & interest. Islamic instituitions like LTH, EPF Islamic funds, etc & traders with Islamic account must dispose if they have these shares in their portfolio. Thus, during the short term, these counters will face selling pressure