Friday, August 06, 2010

Chu Kong Pipe : PE single digit, RSI below 30, newly listed at 4.40 level, currently at 3.10 level, touched its NEW low at 3.02.

Below IPO values

Besides JCY, there are many stocks which are trading way below their IPO values. One example comes to mind is TAS. I m talking recent IPOs. Many more, actually. So, IPO prices could not be used as a guide as 'fair' value?

So, I m taking Chu Kong as a paralle to JCY.

Note : I think Chu Kong business is quite similar to Hiap Teck of KLSE?


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