Chart: Shang's monthly chart as at May 10, 2012 (Source: Tradesignum)
Shang reported a net profit of RM61 million on revenue of RM430 for FYE31/12/2011. This gives the company a full-year EPS of 13.76 sen. At the current price of RM3.07, Shang is trading a ta PE of 22 times. For more, go here.
6 comments:
Hi Alex ,
Don't you think PE 22 is a bit too expensive for this stock?
Thank you !
Hi Alex, may i get ur opinion regarding wilmar singapore, is it time to enter around $4? Thx a lot.
Hi Alex, can you please comment on MYeg. this counter seems to be drifting lower and lower despite good business model and profits quarterly. Is this stock a long term investment hold?thanks
ste
Hi luckystock2
PE of 22 is expensive. However, that is historical or trailing. Going forward, things may change, who knows?
Hi Benson
Wilmar singapore, could be a good entry at around $4. That's based on technical analysis, the stock has a good horizontal support at RM4.00 as well as moving in a downward channel, with support again at RM4.00.
You should also look at the fundamental side & come to a more informed decision on this stock.
Hi ste sa
MYeg broke the horizontal support at RM0.65 & would soon test the RM0.58-0.60 support. That's a strong support which would represent an excellent entry into this stock.
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