Quote Originally Posted by Animeart View Post
What I don't understand is how, despite record traffic, ASB's analyst actually down graded AIA's price from $2.15 to $2.00
The share sure fluctuates quite a bit in the past few weeks, from as low as $2.33 to a recent high of $2.59
Not sure if it's a good investment for potential takeover, as the bulk of the share is held by city councils and they might not be so keen on giving up their cash cow. The politicians certainly don't seem to know how to make their capitals work for them and expect dividend and rate increase to continue to cover their increasing spendings.
On PE and yield ASB analyst probably right.Respected posters belgarion and Macduffy feel the share price is too high.
I have POT which is trading just over $10 and I think ASB analyst values it at $6 something.
The answer is in ratkin's post,which was the one before yours .ie post No.893.