Reader:
Hi AK,
I remembered you mentioned ST Engineering in one of the session (Evening with AK and friends) a couple of years back (2015) and shared that through one of your readers, you have a greater understanding of their business model. At that point, you mentioned you would look at entering the market if it goes below $2.9 per share, it was hovering around $3.2.
It was my first time attending your session so my memory is pretty hazy. But I am hoping if you can shed more insights in how you look at valuing ST Engineering? I managed to scoop a little shares at $2.7! :)
Thanks,
YC
AK:
Hi YC,
That was probably many moons ago. $2.7 a share is a very good price. I would hold on to it. ST Engineering is a good income generating asset. :)
I shared how I valued ST Engineering using PE ratio before ......