Forum Archive Index - December 2000

["P Maiden" <pmaiden@xtra.co.nz>]

Gerry - all good stuff about AIA.

 

For what it's worth, after postings on another topic, DFMainland have a target price of $3.94 - their report of late November.

 

Good gains today to 314 on reasonable volumes.

 

However 300 - 320 has always seemed to be the peak for AIA. They seem to get to this level before drifting to 250 or 275.

 

What real change in sentiment is there around this time for AIA to break through the 320 barrier and sustain growth from that point?

 

There never seems to be any surprises in their financial performance and profits staedily increase. As such one would have thought that the share price would have reflected that steady growth? Profit forecasts are reasonable but not staggering.

 

Maybe a PE of 25 odd suggests that the market has already built in these future expectations and the price won't break through the 320 barrier?

 

Any thoughts?

 

Was going to buy a few at 300 and most likely will when (or if) they drift back to this level). Would need to feel confident about a decent capital gain at this price.

 

Happy New Year to all

 

Peter