is 99 speed smart still worth subscribing at 34.7 PE? - Dividend Machines by The Fifth Person

Q&A › Category: Dividend Stocks › is 99 speed smart still worth subscribing at 34.7 PE?

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pin123456 asked 4 weeks ago

is 99 speed smart still worth subscribing at 34.7 PE?

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Victor Chng Staff answered 4 weeks ago

Hi Pin123456,

I believe the valuation is too high. Typically, when a company IPO, they aim for a higher valuation to maximise the amount of capital they can raise.