We bought Allianz at RM 7.10 mildly

We see the KLCI support level as of now. We just think it is good time to buy in Allianz at RM 7.10 triggering our mild bargain hunting.

2 thoughts on “We bought Allianz at RM 7.10 mildly

Add yours

  1. Hi, there is an other perspectives on Allianz rather than evaluate it by PE.

    (1) It is very less free outstanding shares at market, limited supplying then should followed by strong demanding.
    And this is the reason why UFJ mitsubishi fund buying it.
    (2) Strong growth company, and its bussiness model continuously delivering good financial’s result should deserve higher PE in future.

    Due to above reasons, somehow Allianz still should deserve RM10 above…

    1. Hi David,

      We agreed but we always like to be conservative for bluechip portfolio. Alliaz indeed has a very good points to be invested. Thats why we started from RM 4.60 this year. Lets profit from it.

      Rgds
      J&J

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