The challenge of using relative valuation is choosing the peers. Many compare them with companies in the same sector. But companies have different strategies and different business models even if they are in the same sector. Is there an alternative way to choose?
Damodaran opined that it may be better to compare with companies with same cash flow patterns and risk profile rather than just those in the same sector. This is because these factors determine the value of a com...

Good morning mooers! Here are things you need to know about today's market:
●Wall Street ends sharply lower as chipmakers and megacaps slide last Friday
●Evergreen Max Cash Capital IPO oversubscribed 53 times
●August vehicle sales up 13% to 71,745 units
●Stocks to watch: Sunway, Astro
-moomoo News MY
Wall Street Summary
A slump in technology companies' shares weighed on the S&P 500 last Friday, chipping away at the broad-mar...

Good morning mooers! Here are things you need to know about today's market:
●the S&P 500 fell modestly for a second consecutive week
●Malaysia's Fiscal Deficit Likely to Be Lower in 2023 -- CGS-CIMB
●Malaysia Secures RM5.2 Bil Investment Commitments in Digital Economy From China and Singapore — Fahmi
●Stocks to watch: PPB Group, Top Glove
-moomoo News MY
Wall Street Summary
The summer stock market rally has started...

Good morning mooers! Here are things you need to know about today's market:
●Wall Street edged lower; the tech-focused Nasdaq Composite Index shed 1.2%
●Wholesale and retail trade up 4.3% in June to RM138.5bil - DoSM
●Services sector revenue grows 6.9% in 2Q - DoSM
●Malaysia's construction sector expands 8.1% in 2Q 2023: DoSM
●Malaysia anticipates 18m foreign visitors this year, says Tourism Malaysia DG
●Higher wage...