@tj wrote:I agree with what MARK has said. Yes the shares he has pointed out are over valued. But i cannot agree KM saying that overall srilankan market is over valued now. Overall market PE is 16.32 as per todays CSE daily statement. With september quarter results coming it is sure to come down to 15 level which is very good. Further he says banking shares are over valued. I dont think he has calculated the PE of banking shares like SAMP, NDB,NTB recently. They are below 10
you are correct. this discussion is based on old and wrong information.