– Fair Values:
– EY%: 9.52 – 11.68
– Absolute PE: 7.18 – 9.81
– As of now, I will take 9.5 – 9.8 as the range of fair value of BURSA.
– In my opinion, in FY14, the following risks will outweigh the growth drivers
– Withdrawal of foreign investors in very large scale.
– US QE taper will cause higher volatility in the market. This may cause investors stay out of (or monitor) the equity market.
– I will not accumulate BURSA at this moment, but will monitor it closely.
Latest Financial – Q1 2014 Financial Report (29 Jan 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1529017
At the time of writing, I owned shares of BURSA.