Why do you value Hrnet over Propnex? Both are service-sector, asset-light, high cash flow no debt companies; Hrnet is mainly affected by general economic prospects of Asia, whilst Propnex is more dependent on real-estate prospects primarily in Singapore but expanding overseas. Both have a good track record of growth, suggesting that their management is of good quality, so of course it is reasonable to suggest that their growth momentum can continue. But i feel like the quality and degree of growth for both companies are quite uncertain and difficult to really pinpoint, so in my case, i would pick the one that appears cheaper based on P/E valuations and Propnex is significantly cheaper.
to simplify my question; why do you feel that HRnet deserves a significantly higher PE valuation compared to Propnex?
@ MasterLeong, I am also holding on to HRNet Group. The volume of this counter is low and nothing much happening. I believe only a catalyst will attract interest and then drive attention to this counter. FA wise, looking good.
Why do you value Hrnet over Propnex? Both are service-sector, asset-light, high cash flow no debt companies; Hrnet is mainly affected by general economic prospects of Asia, whilst Propnex is more dependent on real-estate prospects primarily in Singapore but expanding overseas. Both have a good track record of growth, suggesting that their management is of good quality, so of course it is reasonable to suggest that their growth momentum can continue. But i feel like the quality and degree of growth for both companies are quite uncertain and difficult to really pinpoint, so in my case, i would pick the one that appears cheaper based on P/E valuations and Propnex is significantly cheaper.
to simplify my question; why do you feel that HRnet deserves a significantly higher PE valuation compared to Propnex?
Reply to @junnies : Hey look, Real Estate Agency is a dime a dozen. HRnetgroup is one of a kind here.
@ MasterLeong, I am also holding on to HRNet Group. The volume of this counter is low and nothing much happening. I believe only a catalyst will attract interest and then drive attention to this counter. FA wise, looking good.
master, what do u think of cei? it has a good dividend payout.
Reply to @MasterLeong : yup ...FPL has been up liao. waiting for chance to enter ....