The Edge: Cycle & Carriage to continue bucking trend
Since a year ago, CCB shares have gained 84.38%, yet still sport the cheapest valuation among peers, with a price-earnings ratio (PER) of 7.87 times, compared with Berjaya Auto Bhd (11.21 times PER) and Tan Chong Motor Holdings Bhd (21.48 times PER).
Zero long term debt, a discount of 0.37/share plus 0.89/share of FCF. what a steal, if u bought around 3.00, it will be more than '3baggers' future market value.
All car makes were doing year end sales including BMW except Mercedes (as I did not see from sinchew & thestar, please correct me if wrong), most importantly every car salesman will tell you their company will increase prices in 2016, though some confirmed & some seem not yet announce. Coupled with the facts where MBenz have to wait for few months. That may or may not be the reason. You have to judge my statement.
The MBM is busy launching new SUV in Malaysia recently. Plus Mercedes just launched new E-class in Detroit Auto Show, where they called it Mini S-Class.
It only proved how childish & rude you are, paperplane, acting like an idiot carrying with single crystal ball. Always go everywhere to leave sheet. What else can you do other than leaving your food?
Actually I would agree that CCB is now dangerous for those who bought @ 3.80(like I overheard a RHB broker helping an older retiree buy over the phone) because it needs to consolidate recent gains. In the background are unstable world stockmarkets,so the whipsaw action may shake a lot of ppl out, like what it did in Aug -> Dec 2015.
This type of stories make me cringe. Whenever i heard stories of old retirees buying shares, i just shake my head and my heart pour out for them. They should just stay to ASW2020 - the best investment for them as it provides a fixed return circa 6% to 6.5% and the principal is guaranteed by the government. at least they can live off the annual fixed interest and liquidate the principal after receiving the interest. Any brokers who have a shred of ethics left in their soul should advice old retirees to stay away from the market. Even if you buy a good company, you still need a gestation period to make any meaningful gain.
anyway - waiting for a deep discount for CCB, maybe say RM3.50? hahaha...Kancs3118 is back to CCB.... THe counter's name say it all... the products say it all....at first i thought CCB sells bra because of the bra cup size... sorry - not being rude...hahaha
Stock market is always up & down. Everyone is expert when price is going up, because they are always right.
Everyone knows buy low sell high, when low is coming, whether we dare to take it? Who knows it will go down further? Or will go higher? No one knows. It will subject to your own judgement.
Volatility is risk when u graduated from CFA or business school. They just want to make teaching easier. But for contrarian investor volatility is good, so u can look for some bargains, as long u have done your homework. Fundamentals analysis is foremost, Technical analysis is like a guide, only for short term, for long term it is out of mark. CCB does not pay dividend consistently, but the FCF is good, maybe next year higher. They should pay some good dividends, if the FCF/share is less than five times its price. If less than five it is a cash cow company. Crude oil is bearish at d moment, but OPEC members will take action very soon. OPEC countries need to support their countries n citizens, not like US, they only support their oil industries n workers. 'MR MARKET' doing some foolish things again, prepare some of your bullets!!!
When up market, every one thinks the sky is limit. When the market goes down everyone panics. That Its the end of the world. Wise sell in bull market and buys during uncertain and unfavorable condition.
Agreed, most importantly must have spare bullets... :)
Don't always put all monies in one go, yes, you may win big, but at the same time may lose big.
When bad time come, believe your judgement (based on study, homeworks & analysis on reliable sources, not from mouth words) & search for any bargain offered by Mr Market.
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.
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....
SuperMan 99
1,178 posts
Posted by SuperMan 99 > 2016-01-12 00:30 | Report Abuse
Haha, dreamcar still remain as dreamcar, have to continue dream & work hard...
However, luxury car are depreciating assets in the eyes of accountants.... hahaha, can't do much, kind of occupational disease...