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 BURSA (1818)

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skiddtrader
post Mar 7 2008, 10:42 PM

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QUOTE(cherroy @ Mar 7 2008, 09:15 PM)
At RM9+, it is still trading at around 20 PE which is not cheap though. The company earned roughly 40+ cents for the last financial year.
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For year 2007, it gave out 85 cents of dividends. That was considered the bull year for KLCI. From their quarterly report, you can see a clear trend downwards for their earnings and profit. 2008 is not going to be as bullish as last year or even turn bearish, so I would expect their quarterly down trend to continue.


skiddtrader
post Mar 8 2008, 02:20 PM

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QUOTE(panasonic88 @ Mar 8 2008, 12:29 PM)
thanks for you guys input, appreciate it, as i am still hesitating:

1. is BURSA worth keeping? (as mid term investment)
2. is the current price OK to buy?

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got some info here...
can use it as a reference
like i said before, BURSA price follows CI movement

CODE
06/2005 RM 3.40   KLCI 870
12/2005 RM 3.70   KLCI 895
06/2006 RM 5.50   KLCI 930
12/2006 RM 7.00   KLCI 1090
06/2007 RM 12.00  KLCI 1360
10/2007 RM 16.00  KLCI 1411

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Let me estimate and continue your trend for Bursa during a bearish run.

03/2008 RM9.90 KLCI 1300
12/2008 RM6.00 KLCI 1100
05/2009 RM4.00 KLCI 800

biggrin.gif Not serious though because no one can predict the future.

 

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