Seng Kiat,
Can post it at the stock market section, don't need to put up a new thread everytime especially there is no major topic or issue to talk about.

Cheers.

Yes,

TNB, TM, Sime, MISC, Plus which the company major shareholders are gov or gov investment arms like Khazanah, PNB, EPF etc. whereby company decision is influenced by gov decision, that's we call GLC.

Dude, you get it wrong on Bursa. Bursa lastest annualised PE is around 30x.

Lastest Q result show Bursa's EPS is around 5.x cents only, annualised is in the range of 20 cents+. So at 6.40, easily its PE can be near to 30.

Don't use past data to judge on PE, it can mislead one. Instead use current and future profit ability to judge which is what market care about.

This post has been edited by cherroy: Jul 21 2008, 09:05 PM

Since when I said it will go down or up? I just correct the PE part of Bursa only. The rest, it is up to individual to judge.

Yes, you are right, Bursa profit is directly correlated with the trading volume. So market quiet and go down, Bursa's price will drop and vice versa.

But as my previous post, I come out with PER near to 30x based on its latest financial result so that people will have a clearer picture. For sure, it is not a PER 12x stock based on its lastest Q result.

But history always show that average PER for stocks which is in sustainable level is around teen number. But, yes, a PER 30x stocks share price doesn't necessary will go down if future profit is going to rise, that's pretty sure of it.
But if future profit won't going to rise, then a PER 25-30x is not sustainable over the long term.
Future profit whether able to materialise or not always hold the future of share price movement.

Short term wise, for sure, any stock can go anywhere. But over long term, market will correct itself one.

This post has been edited by cherroy: Jul 23 2008, 09:42 PM