Shares of Credit Bureau Asia (CBA) were too expensive to accumulate earlier this year. The stock had soared significantly since the company was listed on the Singapore Exchange late last year, hitting an all-time high of $1.54 on Jan 20. At that price, CBA was trading at 41.7 times its historical earnings.
But now, shares of CBA have rolled back some of those gains. The stock has fallen to $1.42 or 38.5 times earnings on Feb 5. This could present an entry point for investors to accumulate the stock.
