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Lol. MY market retailers are funny lot. Assigning PE30 when Inari is just one part of the supply chain involving Broadcom and the Apple ecosystem. Now with Trump traiff, the US market has fundametally changed. Is it worth 1.50? Maybe not? Now why is it worth PE24 at 1.50? Why not PE 15?
Share price dropped alot but still not worth this price. Rationally speaking why buy a company at PE30, somemore only part of a global supply chain with no pricing power unlike big tech in the US. The only reason it was valued like this is because support by institutions and retailer buying to the hype. Already 1.90 now. 1.50 by year end.
The employee benefits in 2023 is 739.9m vs 2022 is 647.2m. Their directors remuneration increased from 12.1m to 13.8m. They can certainly cut their bonuses and salaries to contain the prices. Why should we consumers fund their greed espcially in the climate of uncontrollable rise of cost of living now?
Well the management passed the rising costs to consumers in the form of price increase. I am sure if the management cut their own bonus and salary - they can retain and not increase the prices.
Germany "whatever it takes" massive govt stimulus package. https://www.bbc.com/news/articles/c981w25y5wpo.amp
1. Euro 500b infrastructure fund.
2. Unlimited defence spending.
Time to capitalise on this and wake up?
Anyway I have no idea why EPF keeps on buying into Nestle. Nestle Malaysia is on a slippery slope downwards. They have alienated almost all segments of customers here. For the Malays, its the perception of their relations with Israel. For the non-Malays, they kept using the excuse of cost increase to increase price, yet their quality remained the same or even dropped. Nestle Malaysia is not a tech company where they are not replacable. They are just one of the many consumer products companies with many substitutes offering lower prices with same or even better quality!
I think the management of Nestle Malaysia has gotten arrogant and smug. Why can't the management cut their own bonus or salary instead of increasing prices.
Yes I think we should boycott companies that increase prices wantonly.
@Kevin Don't ask me why.. I have no idea of why the selective boycotting. I would prefer replacing all of the foreign brands, and supporting local brands or champions.... just like current trend in China.
Anyway, in the short term, of course there is going to be disruption and pain, where staff in Mcd is getting laid off and so on. In the long term, these staff is going to be rehired by the local competitor or equivalent. Hence, no loss in aggregate.
@poh Definitely there are local equivalents besides Zus.
I am an investor of Palantir. You don't have to tell me who is Jew or not.
Of course, consumer goods or food are easily substitued or replaced. Tech such as Microsoft, Youtube on the other end have high switching cost and cannot be easily replaced.
