I'm not saying it will, just saying it may, that the housing market in Australia, specifically Melbourne and Sydney is moving from extreme exuberance to a slowdown, and that could be a negative for Kimhin. Alarm bells are sounding for Australian housing with bank downgrades, tightening lending and hostile foreign investor policies. Construction activity is slowing and likely to slow further as Melbourne and Brisbane enters apartment gluts.
Judging from the most recent quarterly results by White Horse and Yilai, the tiles industry outlook does not seem so encouraging.
I think the industry will recover when property sector recovers...
The managing director Chua Seng Huat was found guilty of insider trading in 2001. Another point to take note on the risks of investing in this company.
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....
222666333222
6 posts
Posted by 222666333222 > 2017-05-25 21:52 | Report Abuse
By the way what is the fair price for this stock it trade at pe 10 or 11 tq