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26-04-2018, 08:35 PM
I do agree with the report that valuation is a bit stretched at $29. The latest result release shows revenue increase of only 10% if USD depreciation was taken into account although profit is good. I guess investors were focusing on the revenue and sold off the share today. Assuming moving on, its growth rate is 10%, then the PE and PEG is on the high side. But if one takes a longer term view and believes management continues to be able to execute well, then it will be able to do well in future.
However, I am in a dilemma whether to sell my remaining shares as we are already in a 10 year market cycle after the last recession. The next recession should be close.
However, I am in a dilemma whether to sell my remaining shares as we are already in a 10 year market cycle after the last recession. The next recession should be close.