Guys..I have warned you all..counter is good but macro economic situation will get worst..if don't have the holding power..advisable to cut loss...those with axcess cash not needed for the next one year or so...good to accumulate.
Tah,you right...but in terms of individual counter like Evergreen with good fundamentals ...when market makes a turn around..it's price will definitely gap up.
revenue q-to-q : 259,962 from 232,128; net profit from 23,888 from 20,058... around 10% increase... the "net" increase should be around 6%~7% the most... not sure if it is really as good as everyone thinks
The Q2 results are indeed superb. Analysts forecasts that their glory days are back are indeed true. This means their share price ought to at least return to their previous record high in 2006. Annualized eps works out to a PE of only 10 at current price which is way below its peers Thailand and Donghwa Korea of about 16. Still undervalued in view of ringgit dollar rate of 4.10. Coming quarters should be even more brilliant in view of their production automation revamps.
next Qr shd be more interesting...if taking PE 15x, if next Qr EPS remained or improved, the price shd be in the region of RM 2.4...provided malaysia market do not crash...
Be forward looking, share price of stocks always factor in both the good and bad news in advanced. So dont say pe 44 times. As long as the earning keeps increasing, there is no reason to dispose your holding. If you think you can always sell high and buy back at low price the next day or later to earn the price different, good luck, you may be correct and manage to buy back at lower price once or twice. But, you will eventually find out that you cant buy it back any more once the price shots up or gaps up the next day.
For long term, speculators couldn't earn much money because they are gambling instead of investing. Furthermore, waste much of their time and increase the volatility of their emotions, not worth to do that, better go to genting to buy big small...
At the rate Evergreen group is making profits and generatig cash flows now, there is a very high probablity of them resuming dividend payments from this year onwards.
There is no such thing that Evergreen will "sure" touch 1.85 tomorrow. If it really touches 1.85, then you will buy back, right? You should also consider another scenario "if it doesn't touch 1.85, instead it keeps going up", as a trader, what will you do?
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....
kmohan62
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Posted by kmohan62 > 2015-08-12 11:59 | Report Abuse
Guys..I have warned you all..counter is good but macro economic situation will get worst..if don't have the holding power..advisable to cut loss...those with axcess cash not needed for the next one year or so...good to accumulate.