EPF/ETF are people`s money. I think they have done so much mistakes before and im quite shocked who advice to buy.
i can remember, EPF bought huge qty of SPEN at 220, then 180 level , again 167 , latest 135 . And now its 134.. Why such a poor investments ? I mean we all know SPEN and most of the hotels got a higher PE. I mean just using simple ratios anyone can understand that SPEN is over-valued until it falls to 130-135 levels.. How many additional no.of shares EPF would ve got more no of shares, if they bought at 130-140 levels instead of 180-220 levels..
And mind you, EPF invested on GRAN at 220 levels..
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Last edited by Think9 on Wed Jun 29, 2011 9:16 am; edited 1 time in total (Reason for editing : spellings)