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Good business but expensive valuation?

$Nanofilm (MZH.SG)$ I really like the business but when this ‘growth’ stock was trading at PER>40-50, the expectation was simply too high. once the earning misses the expectation, there will be price correction as what we have seen. at current level, i believe it is still not cheap in term of PER. I will add to my watch list only if price drops further. just my 2 cts. happy investing…
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