Kok leong chan, seriously in consider your suggestion of buying karex since durex is human need nowadays.. karex hav great potential if population keep increasing. And Recession proof business.
KUALA LUMPUR: Malaysia's April 2017 manufacturing sales posted a strong growth of 15.6%, rising to RM60.5 billion compared with RM52.3 billion a year ago.
After the latest QR the attractiveness of the stock increased greatly. The net profit in the latest QR was 3rd best in the last ten years. The net profit before the latest QR was the best in the last 10 years. The latest QR shows the company can make a good profit consistently.
The P/E is still too low for tech stocks. It has much room to consolidate. P/E if 15 or 16 would be appropriate.
Current IT trend is.now focusing on IOT, AI, mobility and wearable. These are more on consumer end. Market tend to be more interested in this prospect then the back office system which required huge data storage processing power. The big data and ecormmerce industry is the good example where big data storage is required. Whoever can embark on the technology that provide big data solution will be as promising as those consumer end technology. Market seems to be in favour of consumer end tech company and willing to pay high PE than the data storage solution provider.
Remember don't simply listen to others' advice..do your own homework 1st...if you think it is still undervalued, buy more; if you think it is not a good stock and not worth that much sell.
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Kok Leong Chan
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Posted by Kok Leong Chan > 2017-06-02 12:50 | Report Abuse
Play safe use durex and buy karex