However how far the market has run in last 2 years we are in a period of Post war era and if you analyse the last q results of all most all the companies it has justified the PE levels currently trading at.
The IPO factor is a concern;However many say it is healthy where more liquid and new funds are attracted to the Capital Market. The long Term standing of the CSE is healthy.If you consider next 2-3 years the SEC cannot impose more liquidity via IPO's.
Now the market is oversold.Some may say it might fall further.It can be? However the ASPI will be in green with major buying by retailers coupled with corporates in a very short time. Some would feels like selling.Some will keep their baskets free to grab...!
Pls keep an eye on following counters in next few weeks which will be highly volatile and more buyer interest.
Banking & Finance --- MBSL,CFIN,ALLI,LOLC,SAMP(with turn around CEO,another 40 branches in 2011.)
Bev.Food & Tobacco -- COCO (Strongly Recommended with new Export Projects on Coconut
Drinks),GRAIN,CARG,BFL(highly recommended)
Energy ---------------- HPWR,LGL ( highly recommended)
Tile ------------------- LWL,TILE
IT -------------------- PCH(Recommended)
Plantation ------------ KGAL,KAHA,TPL,KOTA,LDEV(with new acquisition)
Diversified ------------ LCEY,CFLB
Motor --------------- DIMO(Recommended-with impressive PE)
Speculative ---------- SUGA,GREG,CINS
Some may already have above in their positions.
Some may not.
Some will start buying.
Some will star studying the pattern.
Some will search for more information.
Some will comment with their findings...
Gud Luck