I think the long term potential (12-18 months) is very good. The market is very undervalued. Many of the companies listed on the DSM are highly profitable and pay good dividends. The economic situation is very strong and the fundamentals are good. The market is probably 30% undervalued and to me, looks like a strong buy.
Is the market efficient? No. It is an infant market and is easily manipulated. Also, it is too retail dominated. Retail investors are not sophisticated and tend to over react to market news. However, regulation is improving and the DSM is deepening and becoming more transparent. It has a long way to go in terms of becoming more professional. However, as I said before, the fundamentals are good and there are some very good corporate stories. For me, the market is a good bet at the moment.
Patriotism cannot be our final spiritual shelter; my refuge is humanity. Tagore, Bengali Poet
I think the long term potential (12-18 months) is very good. The market is very undervalued. Many of the companies listed on the DSM are highly profitable and pay good dividends. The economic situation is very strong and the fundamentals are good. The market is probably 30% undervalued and to me, looks like a strong buy.
Is the market efficient? No. It is an infant market and is easily manipulated. Also, it is too retail dominated. Retail investors are not sophisticated and tend to over react to market news. However, regulation is improving and the DSM is deepening and becoming more transparent. It has a long way to go in terms of becoming more professional. However, as I said before, the fundamentals are good and there are some very good corporate stories. For me, the market is a good bet at the moment.
Patriotism cannot be our final spiritual shelter; my refuge is humanity. Tagore, Bengali Poet