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For Top Glove, I think the risk is at the low side IF the money that you invested are those been set aside.
Why I said that simply because I calculated the bonus issue/share split & dividend history of the company.
When I discovered how their history is, I had a clearer picture of how to arrange my investment as well as I know what kind of expectation I should have.
Of course, their history doesn't really represent how their future shall be, hence I'll do the calculation of forward P/E by estimate the upcoming 2-3 quarter earning to justify it is over value, fair value or under value compare back to my holding's average price.
Forward PE only meaningful if their future performances r consistent. If there's a very good period, normal period, bad period mixed, use discounted cash flow to do your valuation, forward PE do not reflect the reality.