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I just wonder how long can an overpriced company be maintaining its share price? I'm counting on you Mr ! For my recording purpose, not to offend those fans!
I'm fundamental believer. Through 30 yrs of investment experience, I had my own criterias in valuing the companies. Mr, I'm sorry. I know how they move the stocks' prices up n up. Retailers love it! Pls continue to move it up! I just observe how long you can sustain!!! My judgement for these type of goreng pisang never go wrong so far!!!
You said maintain its share price. Not go up, you need to reread your own post. Nestle was largely range bound RM150-135, 10% fluctuation range from 2018 to 2021. Isn't that a definition of maintaining its price?
Mr DIY reminded me on Parkson Holdings listed in HKEx..... Darling stock of the fund managers..... Just a reminder, if you just believe what analyst or brokers' calls, better think twice!!!!!
Dream chaser is correct, MRDiy is overvalued even at 3.00-3.10; with PAT of 450-460 million in financial year 2021, it is ridiculous to give TP of 3.80-4.20.
Many newbies follow brokerage houses TP of Rm3.60-4.20 to buy in DIY .... the revenue growth n profit growth r kind of slow n they r expanding their stores too fast ... Wonder why the local brokerage houses simply giving higher n higher TP to MRDIY since last year end ...
But 60-70% of the retail investors don’t know value ; the brokerage houses r the culprits to push up share prices of MRDIY... Rm4? Should break Rm3.10 soon then 2.90....