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It's not surprising that the net tangible assets (NTA) are only 0.67. Revenue is 651.2 million, but profit is just 38.9 million. Debt exceeds cash on hand.
Gamuda , 4B+ Rev brings 200M+ profit in a quarter , it is about 5% + margin , Sun Con is more or less on par with this benchmark… what amazes me is how those sharks line up their buy and sell prices on staggered basis …
PE is a myth , YTL Power even before the MACC was still slightly more than 10 , Tenaga is more than 20 , high doesn’t mean overvalue , low doesn’t mean undervalue
The P/E ratio is the price-to-earnings ratio, which compares a company's share price to its earnings. For example, if the share price is RM5 and the earnings are RM5, the P/E ratio is 1. If the share price is RM10 with the same earnings, the P/E ratio is 2. Generally, a lower P/E is considered better than a higher one. However, it's important to analyze many other fundamentals to determine if a stock is undervalued or overvalued.
Buying an undervalued stock is typically less risky than buying an overvalued one. Another key factor to consider is the NTA, which reflects the stock's tangible asset value. Caution is needed if the NTA is significantly lower than the share price.
Fren , animal spirit trumps all kinds of formula .. market is driven by human greed and desire .. mathematics only work once in a while or over a long period of time ..