I do believe in PE, However, a lot of people may even get conned if blindly buy based on PE... remember those China shoe company... MSPORTS, very low PE.. RIP.. XINQUAN.. very low PE... also RIP... so many people were trapped..
I am not saying low PE no good, Low PE company are normally very efficient company, very high profit margin from their revenue. However.. most of they time they already reach the limit of their efficiency. can't grow much already. The most they can do is to give you dividend. Every year will more or less report the same amount of profit and give you the same amount of dividend.
But high PE company, depends on why the PE is high. If high PE with shrinking revenue and asset, yes those are bad. BUT... high PE with high revenue growth and high asset growth, these are growth company with plenty of room to grow.
So basically it comes back to two things, dividend and capital appreciation. Usually the later is more tangible.
Of course I have many expensive shares with high PE in my collection like SERBA DINAMIK, Sime Darby Plantation, Sarawak Plantation, TaaNN, TM, Axiata, DiGi, MyeG, Greatec, CIMB, BIMB, KLCCP, Sime Darby, CCB, Sunway , etc etc
On the other hand these typical "expensive" stocks not many retailers can buy. Only the big boys play. If foreign funds don't come in to push, the expensive stocks cannot move. As you are aware Foreign Fund has been selling, hence KLCI continue to trend lower. This should always keep in mind. Hence, the only ones moving on Bursa are penny stocks since everyone can play. This is the sad sad state of our local market.
FYI, my Armada is giving me 300% return when it was a penny 15 and my KNM is giving 500% return when it was penny 7 and my Velesto is giving me 200% return. All these return doesn't comes overnight. You need to put your long term investor hat and grow with the company. Usually women prefer long term relationship rather than one night stand. That's why women tend to be more successful than men when comes to stock market :)
Bottom line you need to be patience and focus on the end game. Stoney does fits into the Government master plan for Digital Economy. She is our potential IR4.0 contributors.
Nothing wrong for you as a trader...but you no nid to spread this kind of comment ...we are different way to take profit....don’t fool other ppl for your own idiot Buffalo
Pak Mael duduk di Jalan Gasing Anak nya yang bongsu bernama Mabel Dengan untung window dressing Bukan saja pagar, satu rumah perabut kita tukar ke stainless steel
Dyson and istone have a good relationship long time ago. They already work together over 10 years. Manager are not worry about their BIG customer run away and he was very confident the following year will get more job from dyson. But they will not have booming result in following years just a normal 10% of annual growth. Below PE 20 should be the good entry price
From their Quarterly Report The outlook for the Specialised Machinery and Equipment industry remains positive, in light of the growth in the specialised machinery and equipment industry in Malaysia which are driven by the followings:-(i)Growing demand for automation in the manufacturing industry; (ii)Electrical & Electronics (“E&E”) industry being among the main drivers for automation;(iii)Continuous technological advancements;(iv)Government initiatives toembracefourth industrial revolution or Industry 4.0 and provides incentives which is in line with the National Policy on Industry 4.0 (“Industry4WRD Policy”)implemented by Ministry of International Trade and Industry (“MITI”) with the objective of transforming the Malaysian manufacturing industry and its related services to be smart, systematic and resilient; and(v)Government initiatives in Annual Budget 2020 to reduce the foreign worker and modernize manufacturing systems.
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....
Mabel
24,283 posts
Posted by Mabel > 2019-12-03 16:07 | Report Abuse
Love it to see When Stoney climbs back to 23
I love that song too...
It's from Lobo...She's as lovely as Istone..
https://www.youtube.com/watch?v=MeHv2Wd5ezg