Rich valuation for O&G and property stocks
- 6 years ago
The founder and managing director of Capital Dynamics Asset Management Sendirian Berhad, Tan Teng Boo said that local Oil and Gas (O&G) securities are expensive while property counters are "worrying" in view of the skyrocketing local property prices.
He told The Edge financial daily that the valuation of O&G firms is very rich and their profit margins are not sustainable.
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He told The Edge financial daily that the valuation of O&G firms is very rich and their profit margins are not sustainable.
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