I use nestle be a example their share price is very high this is cuz the brand and their company product demand is very high like milo, the demand for glove is very high during the covid-19 and during the mco period people stay at home and goreng2 this share earn some pockey money.

the current market situation is unique, covid is an anomaly, fundamental indicators only tell you about the past which totally cant reflect the situation now, genting close, ktm close, and bank moratorium all contributed to the influx of excess liquidity into stocks. hope u can understand now, an ultra strong sentiment always beat fundamental. book is dead, human is alive.

actually I think despite having the price to fit the narrative of a delayed report, maybe we should recalibrate. They are announcing their profit during Jan to March, not March to May. Does the March's price fit the narrative of this report? does the price feel overvalued now? today is 5/6/2020, this report is for Jan-Mar. COVID 19 when only become pandemic? when will the orders and profit actually fall?

The pandemic only started in early of this year, which indicates their sales volume starting to increase only at the beginning of the year. Based on last year annual report, their trade receivables term is 14 to 120 days. So it is quite reasonable that the outstanding amount is yet to receive back as at 31 March. From the QR, the thing that we are able to confirm is their sales increase significantly 3 times which shows a huge improvement.