Singapore Stocks with High PE Ratio to Short!!

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The selling off is bloody.. the US GDP and Job Data are lousy!

China last PMI shows China’s economy is contracting.

Debts in Europe and US are still not solved yet…. only prolong the pain …

For those who know how to short in the bearish market, they will make a lot of money if they know how to short. I am searching for stocks with high PE ratio to short because it has more downside potential (YES! I use downside “potential” now instead of downside risk”). Feel free to contribute your shorting list here…

My Shorting Watchlist

  • Singapore Exchange (SGX): PE = 25.8 @$7.13
  • Straits Asia Resources (SAR) PE = 26.4 @$2.64
  • Hyflux PE = 18.3 @ $1.885
  • Q&M Dental PE = 55.3 @$0.81
  • Wilmar PE = 21.1 @$5.62
  • CapitaMall PE = 21.6 @$1.83
  • DBS PE = 20.9 @$14.54
  • Genting Singapore Rolling PE = 29.5 @$1.79
  • Goodpack PE = 19.1 @$1.815

 

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Q&M Dental Group: Wait for the Free Fall to Stop

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The recent plunge of Q&M Dental Group is expected as the stock has been climbing up very fast for the past two months from $0.39 to $0.60, a whooping 54% increase in two months! Whatever goes up fast, it come down as fast!

In addition, Q&M is over value at current price ($0.51) where the PE is still at 36.6. It is expected Q&M stock price will go down further base on TA and current PE.  Q&M has punched through 20D MA support and the next immediate support is at $0.49 (61.8% Fibonacci Retracement Level). If Q&M cannot hold at $0.49, the stock may go down to as low as $0.369 (23.6% Fibonacci Retracement Level) as there are no obvious supports between $0.369 to $0.49 base on the past history.

Fundamentally Q&M Dental Group is a good stock for long term investing base on the core business in dental services. In addition, the JV to China dentist medical field is a very good strategic move for future business expansion as Chinese government wants to improve the medical services in China. The financial looks good to me too:

  • Net Profit = 13%
  • ROA = 13%
  • ROE = 15.7%
  • Current Ratio = 5
  • Debt to Equity Ratio = Net Cash

Basically I am waiting for a right entry level when the stock reaches the bottom and starts reversing.

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