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At above 50x PE, shares are already priced in future earnings. Time to swap to other index link oversold consumer stock to catch the positives from stronger ringgit. Any recommendations?
It looks like Bursa doesn’t offer good counters for retail investors to buy… These 5-6 months , many ppl keep buying 99mart, FFB, KOPI, Sunway, Suncon, Nestle… These counters seem like overpriced for many months already .
As for index linked, I will consider DIY as it could be from stronger ringgit and also being oversold over almost 2 months now. Aeon is attractive too. Thanks Sun and Lime.
After 6-8 months, 99 marts which being bullish view by 2/3 of the research houses n retail investors may face same trend as Mr DIY 2 years ago … Open too many stores in short time plus so so quality employees at those stores….
there is a big fund swapping shares at 5 sen range with accumulation trending upward-bias over the last 10 days. Will start accumulating slowly now following its trend.
