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    • « Quick Lesson: Fundamental vs Technical Analysis | Home | Review: The Bull Overcomed by the Bear? »

    Review: Raffles Education

    By Pehon | February 12, 2007

    Anonymous said…
    “hi pehoni’m thinking of buying REC tdy at 2.33. Do you think it is a good buy at tis price ?UBS is calling a buy but OCBC is saying a hold becoz of risk factor in the current price”

    Usually, after a large price advance, you’ll also see a very volatile few days or even weeks. The large increase for Raffles Education recently was good for traders, not investors.

    I’ve read the UBS and the OCBC reports. I personally like the UBS valuation of Raffles Education. I personally feel the OCBC report is tuned to the general market trend. The general trend of trading, not investing. The UBS report however did mention the high posibility of a sideway accumulation, but they did give enough credit to the growth potential of Raffles Education, with the recent aggressive market actions by the board of Raffles Education.

    So to answer your question, its never too late to buy Raffles Education, even at the current price high. WIth the excellent profit growth record, even with a relativelity large market cap, I’ll still classify Raffles Education as a “Growth” stock.

    However, if you invest at the current price, you’ve got to expect an extremely volatile period ahead, and you must be able to hold on to the stock for at least 6 months, or even 1 year, to remove all the short term risks of a volatile share price.

    For existing shareholders (like me at $1.68 vested in Jan07 =) ), Raffles Education has potential for more in terms of its share price. So hold on to it. I won’t recommending taking such a small profit right now, as its game for larger returns.

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