I want to ask a really important question. Did Pharma ever hit limit up during its spike on 22nd July? Anyone who answers my question will definitely get good karma and blessed with more gains in the future.
wallstreetrookie I want to ask a really important question. Did Pharma ever hit limit up during its spike on 22nd July? Anyone who answers my question will definitely get good karma and blessed with more gains in the future.
Yes it did limit up for 2 days. Together with DPharma.
The reason is very simple... the stock valuation is just too cheap to justify for this scenario, and the earning will be explosive.. another issue is that there is nothing better to goreng and invest since all other industry will be lackluster.. so better pile all money here..
Hence cannot be value based on x10 x20 PE.. it can go to as high as x50 x60 pe because there is nothing out there better to invest than medical line..
The current season is definitely not for property, or bank, or some manufacturing that are affected. airlines are dead, tourism dead, shipping needless to say..
so when all those money losses at those sector want to recover, only way is to pile in to healthcare.. PE x50 x 60 x 70 also nobody will care so much
Health-care limit up has no logic nowadays. Hence conservative PE calculation may not be applicable. When China start reporting good news on the vaccine then you know how hot this counter will be. Patience is the key!
Remember few bitter IBs said pharma n dpharma with potential market in ASEAN are over valued.. Facemask, hospital bed, small cap glove all fair price hahaha
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Posted by profitgrow > 2020-08-03 10:49 | Report Abuse
sudden up a lot