QUOTE(Boon3 @ May 1 2013, 06:58 PM)
If the EPS does not show a strong growth and top % increase stocks like UMW and UEM are flying, then of course we can say the market is rigged badly.
But is this the case?
How's UMW's current EPS performance?
How much EPS growth did it register?
Dare we say UMW share price increase is NOT justifiable?
UMW earnings taken from website.
Now, since UMW and UEM registered strong earnings growth, what is this saying?
Are you paying attention to earnings fundamentals?
Boon3,
Noted and thanks.
Sorry for my rockie's attempt at this analysis.
I thought EPS is only available every 3 months and not like price which is available daily, and thus I did not include it in the comparison (on 2 Jan and 30 Apr).
If I read it correctly, last EPS for UMW is lower than the past 3 EPS. Last EPS was in Feb. Maybe in Mar-Apr, it was doing better and thus the better price. Will know in the next quarterly report.
Yes, some companies have very good price - EPS correlations (e.g. Nestle) while for others (e.g. MAS) the relationship is like brownian movement/3rd law of thermodynamic (i.e., random).
Cheerio.