In a research paper, SJ Securities Sdn Bhd reported that Toyochem should be fairly valued at RM3 . 60 or at price earning ratio ( PER ) of 12 times, citing Toyochem's ability to maintain its market share in the ink industry.
12.
"Banks, particularly Bank of Montreal and Bank of Nova Scotia, are down 10 percent from their highs and when that happens people start to nibble because relative to the market's price earning ratio, these things are better value, " said John Kinsey, a portfolio manager with Caldwell Securities Ltd.
