QUOTE(panasonic88 @ Nov 20 2007, 07:07 PM)
oh wait, this is something new to me!
where can i read more?
today DIGI price dropped, i thought that was because the price has been go all time high since last Thursday, when the news of DIGI buying 3G license from TIMECOM was out, so it is pretty normal, i didn't know there is such a news!
QUOTE(David83 @ Nov 20 2007, 07:50 PM)
Any reliable source for this?
QUOTE(hexen7 @ Nov 20 2007, 08:49 PM)
Where did you hear about this news, i cant seem to find anything about it
I watched 5pm news just now and Lim Kit Yek was giving a speech about that ... that the license was given to Time, if Time doesn't use it, then the minister will take it back, If Time wants to sell it, Time should inform the minister first, until now minister hasn't heard from anyone about selling 3G licenses ...
but I don't think its a big issue. Time is only sharing the bandwidth, not selling any licenses actually. So eventually things will clear up in my opinion. But its still a bad news for Digi and it shows how stupid our ministers are too ....
QUOTE(Drian @ Nov 20 2007, 07:20 PM)
For PBBank the reason why the PE is higher is due to them entering china market, so they are expected to grow even bigger. And their EPS growth is more than maybanks which is roughly stagnant.
For maybank , GLC , my guess is most of the revenue are local, and depend a lot on government so they cannot have too high of a PE cause i don't think investors will pay a premium for it.
MBB covers many foreign countries too. Both MBB and PBB EPS growth rate is similar, at least the last time I check, they are.
QUOTE(jasontoh @ Nov 20 2007, 08:36 PM)
That is the reason why I won't cut loss...since we don't know whether we are seeing bottom or there's more to come. Or suddenly it will bounce back.
yes, if u dun think the drop will persist, u hold ... and when the drop is more than 20%, you average down.
QUOTE(wctan83 @ Nov 20 2007, 08:38 PM)
I think i will start to sell off all my share and get the cash better, next year the processing fees is RM 40... how to play?
havent play loose liao
play fundamental and keep for minimum 6 months ...
QUOTE(chinkw1 @ Nov 20 2007, 08:47 PM)
Next yr minimum is RM40 stamp duty ?
Then we small timer how to play??
so kau lat one ah????
KLSE intention is to kick out small timer is it???
not really kicking out small timers, but want all small timers not to gorent too much and stick to fundamental buy ...
QUOTE(cherroy @ Nov 20 2007, 09:38 PM)
You guys/gals are getting old and not updated data for comparison. You get 20 PE with last year full financial report, but not the lastest quarterly 9up to 9 months now)
Based on Pbbank lastest Q result, its annualised EPS will be 65 cents (16.2 cents for the latest Q), at Rm10.50, it translates about 16.1x, while Commerz, if annualised is around 10+ PE only, (discussed it before)
It is about market future expectation and quality of the company that are several reasons that dictate whether market willing to pay a premium on it especially Pbbank, it never posted losses for any financial year even during 1997 financial crisis (still manage to post although it is just a relative small amount of profit while others making significant losses due to quality the loan at that time). You need to look at the quality of the company or in term quality of their business to determine which is more worthful. At the same PE, you want to buy Pbbank or Affin? (no disrepect or offence though) simple question that you also know the answer.
This is one of the disadvantage of investing in GLCs, market often (although not necessary) discounting a bit on those company, due to political or efficiency etc as well as historical reason.
PE is not just a financial calculation, it is quite an important number to look at for a stock valuation, although it doesn't represent the whole picture, it is one of the important puzzle to look at. After all, investment is about return rate each time, PE gives you one of the clue.
I got those PE from PBebank online account, which are suppose to be real time PE. Thanks, u r right, I sud look at quarterly PE instead.
QUOTE(cherroy @ Nov 20 2007, 09:50 PM)
I think you play the wrong game with the market.
Stock market is not behaving like that. Stock market is always try to behave in front or for the future expectation.
When good news come out, like being awarded big contract, share price will shoot up because market expect it to make big profit from it (as you expected/said), so at that time share price shoot up to reflect the positive factor (future profit) into it already. At that time, the share price is 'price in the positive factor already.
So afterwards, company does report as market expected then share price won't have much movement when they announce the financial report unless it reported better than market expectation.
Typical example would be IOI or Commerz recently, when announced significant profit rise compared to last year, but share price hardly move much at the day of annoucement, why? because market already expected or anitcipate it already and share few months ago already rise signficantly, not waiting until they finally announced it. In fact, if IOI reported 50% rise in profit rather than 70% rise as market anticipated, share price probably will drop rather than rise.
I am not saying Sapcres cannot reach or will reach the targe price or not, as whatever mentioned in above has nothing to do with specific Sapcres anyway(this is not my intention also), just try to highlight about how market plays with news and expectation related to share prices.
There is also one part of reason buy on rumour, sell on news theory.
that's why I always lost in speculation .... lack of insider info.
Added on November 21, 2007, 12:04 amfor those who asked for DIGI news .... this is even the latest one, Time has responded to Lim ..
Time Dotcom: Digi Tie-up Unaffected by Government Spectrum Recall
KUALA LUMPUR -(Dow Jones)- TIME dotCom Bhd Tuesday said a Malaysian government decision to revoke some wireless broadband licenses won't affect its alliance with DiGi.Com.
The statement was made after Energy, Water and Communications Minister Lim Keng Yaik, was reported in local media Tuesday as saying the government will withdraw some of the high-speed Internet licenses previously given out, as the market is too crowded.
The licenses for the 2.5 Ghz and 3.5 Ghz spectrums will be taken back over a five-year period, Lim said.
"The alliance between TIME dotCom Berhad and DiGi.Com Berhad is on track with both parties moving ahead to pool their resources spanning infrastructure and 3G services," TIME said in a statement.
It added that the announcement of a recall of "will have no impact on the alliance."
-Kuala Lumpur Bureau, Dow Jones Newswires; (603) 2692 5254; e-benjamin.low@dowjones.com
(END) Dow Jones Newswires
Posted to the site on 20th November 2007
This post has been edited by mtsen: Nov 21 2007, 12:04 AM 
Nov 20 2007, 10:42 PM
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day. Hope that I am 100% wrong!
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