Cool. which 2 stocks? i only bought one...

i topped up Master only.... at 1.80 yesterday.... shud have bought more. damnit.

same pie but divided to share with more people now.

so your share of pie gets smaller. right.

ADDDD

cos it's gonna be BBBUUU soon also.

but on the serious note, if its fundamental hasn't change, why not take this chance to average down your cost?

realise you like to use PE methodology for banks.
which the more commonly used methodology for banks would be PB ratio instead.

it is a different ball game when it comes to valuing a bank vs a conventional retail business.

as an investment banker who specialise in M&A, if i use PE to justify my purchase, i will be fired on the spot by my boss.....

actually you are not wrong, in fact, very good for a starter to be honest.

methodologies you used, depends on the nature of the business.

but a yardstick for us is that, we normally use EV/EBITDA, multiple of EBITDA, quality of earnings, cash flows, EBIT, EBIDA, PBT etc etc.

we normally build a financial model of the business of our own, creating a DCF, LBO model etc, depending on what we're doing, all the way until proforma cash flow statement, profit and loss as well as balance sheet.

from there, we will also have comparable companies analysis, what we call COMPS, scope of the comps depends on which exchange it is listed, availability of their info, relevance of their business vs ours (our client), how far are they trading. we typically do 2 COMPS or comparable companies analysis (CCA), trading comps and peers (typically non-listed too) to get a full picture of the industry. again, these COMPS are to compare the financial metrics and other factors to quantify performance or determine valuation.

Highly suggest you read the following:

VALUATION: ART, SCIENCE OR MAGIC? by Damodaran
http://people.stern.nyu.edu/adamodar/pdfil...ayDubai2017.pdf

Added his seminar before, really an eye opener for me.

oh ya, not to forget, when we examine the quality of earnings, we look at line by line, substracting extraordinary earnings, we see from all angles, including one off gain/loss, anything that's not normal, tax planning etc. we then normalise the profit thereon.

where got things up up up everyday one?

whoa.... time to recruit with your referral code.

Has our market ever been rational?

some trading with their money to buy the next meal.

agree with the costs coming along during purchase / sale of shares.

just make sure you use one of the most competitive ones, then you should be fine.

what's more important is if you are able to make nice handsome profits, then these fees are pretty minimal.

but again, it adds up to a substantial amount without you knowing.

% wise?

then should always be ready to cut loss already....

nowadays 1 board lot means 100 shares.

same as SG as well
but in HK, it varies.

my rule of thumb is, do not go against the mega trend......

hahaha, you're much more experience lah.

we can't teach the duck how to swim, they knew it already.

just that, vaccines are coming, economy is slowly opening up, travel industry will be revived, global recovery seems to be on the cards.

Yes, we can't deny that we will still need to use gloves for various reason, but the trend isnt say so. so my argument is just don't fight against this kind of trend, not going to do us any good.

lol.

what's with you guys?

buy on rumours sell on news. familiar?

such as?