I wish you all the best.
$CEB (5311.MY)$ Not dropping much today, I'll get off the ship first.
The main reason is still performance, I am bullish on the fundamentals. Right now the PE ratio of 44 is extremely high. Previously it was only at 9, I will wait for it to drop back to a single-digit PE before considering again. The second point is a forex loss of 12 million, which is the largest within 19 million. I am optimistic about the progress in Malaysia, the Malaysian Ringgit will perform well, relative to the US Dollar. Therefore, CEB needs to have a solution. The IPO funds will also be used to resolve it by May 2025. This direction is not what I want.
The only opportunity for a turnaround right now is to acquire Ah Cong, turn it into a speculative stock that can rise sharply, there is still a chance for speculation, but it is not the type I am interested in.
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Pinkki_doll : Great analysis, sticking to your trading principles is always right. However, one thing to correct, PE ratio should only be used as a reference. Buying when the PE ratio is low and selling when it is high doesn't guarantee success for everyone.
SevenSeaS Pinkki_doll : *Things change but the essence remains the same*
Different methods - fundamental analysis - technical analysis - trend trading, the best way is to integrate and apply them together
There's no right or wrong, the good result of each trade is making money.