(Image source: http://www.davidicke.com/headlines/66843-crash-alert-the-stock-market-is-falling-like-a-stone/)
Going to look at this share first. Not sure why, but shares that I invest in seem to drop after I buy them (in quite a short period of time, but then again, not much experience and don't trade frequently). It's currently at $1.27, but there's been nothing new that I've been able to catch on the company that would affect its current share price, but saw an article (written early this year) that it has its order book is able to cover 1.8 years of shipbuilding revenue (forecasted 2015 revenue), which seems good, so I still quite like this share personally.
I was also considering this company with the recent steep fall in its share price. I prefer YZJ as I think that it has better growth prospects over Jardine C&C (which may face a decrease due to the slowdown of the Indonesian economy), as well as its lower P/E ratio. The share price of this company has now dropped below $30 to $29.95. It may be worth the price if the Indonesian economy is able to turn around, which would help to boost the earnings of its subsidiary, Astra, from which it derives a large part of its profits. Is this a good time to pick up this blue-chip at a discount?
SGX
Read more at: Is SGX Overpriced?
The share has been dropping from a recent peak of above $8.50, but today has fallen back to $8.07. Still think that its an overvalued share, with a P/E ratio of above 25
UOB Kay Hian
Read more at: UOB Kay Hian - Good Buy with Weakness in Trading Volume?
Also no news on this share as it stayed around the $1.50 price, ending the day at $1.495. The P/E ratio is around 15, which considering that it's in the same industry as SGX, seems like a good investment in comparison. There may be more risks, such as loss of market share, but with the increased geographical diversification with exposure to trading volume in markets such as Thailand and Hong Kong, the risk involved may be only slightly less or even the same.
Anyway, that's all for these shares, now I shall await their quarterly results for those that end on 30 June and then I may have to rethink some of my thoughts on these shares
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Read more at: Is SGX Overpriced?
The share has been dropping from a recent peak of above $8.50, but today has fallen back to $8.07. Still think that its an overvalued share, with a P/E ratio of above 25
UOB Kay Hian
Read more at: UOB Kay Hian - Good Buy with Weakness in Trading Volume?
Also no news on this share as it stayed around the $1.50 price, ending the day at $1.495. The P/E ratio is around 15, which considering that it's in the same industry as SGX, seems like a good investment in comparison. There may be more risks, such as loss of market share, but with the increased geographical diversification with exposure to trading volume in markets such as Thailand and Hong Kong, the risk involved may be only slightly less or even the same.
Anyway, that's all for these shares, now I shall await their quarterly results for those that end on 30 June and then I may have to rethink some of my thoughts on these shares
If you have enjoyed this post and would like to receive notifications on new posts, please subscribe to my blog via email
Singapore Exchange reported on Wednesday a 24.3 per cent year-on-year rise in net profit to S$96.22 million for the fourth quarter ended June 30, 2015.
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