With overall sentiments that are working against the property sector, better to buy at or near NTA value...huayang has good track records, this is an opportunity
At a price of RM1.97, its trailing PE based on 2013 earnings is 7.4x. If the consensus earnings for 2014 is accurate or within reasonable bounds, huayang will be trading at 4.7x PE. From the way I see it, this is inexpensive, if not cheap by any measure.
ok,next entry at rm 1.60 ......my goodness.....i ask a lot of my friends to buy....they still make money but now ,a bit only. The property tax really did make a impact.
I almost entered at 2.2..this counter is under heavy impact from Fed meeting and budget 2014. No sign of support, scary. Gonna play safe and wait for 1.6..but I don't think it's likely.
vaentec, FED tapering will not have direct impact on hua yang right? i dun think a lot of foreign funds have Hua yang's shares. However, tapering will indirectly affect market sentiment and retails investors may rush to sell out. Budget 2014 and recent subsidy rationalisation plans (higher petrol price, etc) by govenment have more direct impact on Hua Yang... hope it will rebound before June2014.
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dragonfruits
1,285 posts
Posted by dragonfruits > 2013-12-10 15:19 | Report Abuse
will it drop below 2?