QUOTE(Kamen Rider @ Jan 2 2009, 10:49 PM)
This is definitely true. QUOTE(mo_meng @ Jan 3 2009, 12:12 AM)
If it is true, withdraw all your FD and put in stock, or we can form a syndicate to 'sapu' those good stocks. Haha QUOTE(David83 @ Jan 3 2009, 08:16 AM)
Stocks picks for 2009
Stocks picked for 2009 include IOI, Tan Chong, AirAsia, PPB Group, Petronas Dagangan, Fraser & Neave, Resorts, Petronas Gas and Public Bank.
Personally I am not agree PetroGas is a good pick, it is trading at near 20x PER with not much exciting future or profit improvement ahead. Its high share price because due to low liquidity and well supported by gov investment arms rather than funds and FF wish to buy or to have. Stocks picked for 2009 include IOI, Tan Chong, AirAsia, PPB Group, Petronas Dagangan, Fraser & Neave, Resorts, Petronas Gas and Public Bank.
Also gas price is regulated and fixed which they can't raise the price as they wish or according to market price.
So their business is rather depended and influenced by gov policy. If it is Petronas (the parent company) then I would say it might be good pick.
You don't get share price appreciation much even the market goes back up in those kind of stock. It is not the time to go for defensive after market had plunged down like that.
Auto industry is still a big problem due to over capacity. Only buy those Auto stock that are top pick and top performance sales in the market, others might be struggling.
Jan 3 2009, 09:39 AM
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