I did not buy into the counter given the cyclical dynamics as well as pretty high valuations for a small player like them, I remember like 10x PE or something. I guess I did miss out something, either that or every one is very bullish, perhaps overly so?
Morpheus, u know Teng? you must an insider. Drop me a pm. I wasnt able to PM you.
Dyan-Mac may well be packed with dyanmites about to explode ! This high valuation is not sustainable as the BB start to unload ---- so it seems this is the regular pattern. Dyna-Mac is over heavily overbought. Its PE at current price is even higher than Keppel or SembMarine.
2 months after my posting below...... The stock has sunk from 63 to 55 cents.
AmFraser today put out a report saying 'Sell'.
Fair value is only 42 cents...
[hr]
[yeh 06-05-2011]:
Stuck in a range . now 63 cents and overvalued, IMHO.