For QE30/6/2014, Petdag's net profit increased by 20% q-o-q but dropped 6% to RM186 million while revenue inched up 1% q-o-q or 6% y-o-y to RM8.368 billion.
Table: Petdag's last 8 quarterly results
Chart 1: Petdag's last 25 quarterly results
Petdag (closed at RM20.00 yesterday) is now trading at a trailing PE of 28 times (based on last 4 quarters' EPS of 72 sen). Based on PE multiple, Petdag is expensive.
Petdag broke its uptrend line in early February (here). It failed to hold onto its horizontal support at RM23. It may have better luck with the current horizontal support at RM19.
Chart 2: Petdag's weekly chart as at Aug 7, 2014 (Source: Tradesignum)
Based on high valuation & bearish technical outlook, Petdag is best to be avoided. If you are having the stock, you should try to sell on the current rebound.
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Petdag.