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there are 2 ways to look at it.. there is no right or wrong.. unless of course you have 1st hand info. from KWSP. Moreover, KWSP not only invest here... and there is continuous stream of funds for KWSP...
These analysts kept giving high valuations on Gamuda which the price has reached its peak at around 4.50 (9.00). Some giving 5.50 which is equals to 11.00 which is ridiculous high.. i believe these IBs wants retaliers to buy and jack up the price to sell bonus issues tickets at high price..
cc chin, you are spot on, the IBs are writing current price is undervalue for their own investment strategies luring unsuspected retailers unaware of recent bonus issues. taking into considering the bonus issues of 1 to 1, the current price is actually 9.56 which is high and absorded all the good news notwithstanding...
