Can we really trust analyst reports when it comes to stock recommendations?
My answer is no. I've never trusted analyst reports. While I do read them, I don't rely on them to decide whether or not to buy a certain stock. Sometimes when the opportunity is right, I'll even go in the opposite direction of what these reports tell us to do. When they're all saying "Buy", I'll sell. When they say "Sell", I'll wait a few more weeks and then start buying in.
The sections I always have the biggest issue with are the valuations and target prices.
If you're one of those who have always taken analyst reports to be the gospel truth, perhaps this will make you think twice.
In summary, what happened was:
- Former banker Yeo Jiawei asked his remisier friend Kelvin Ang Wee Keng to help find ...
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