Below is a simple simulation exercise for ANCOM
Given that the market is always forward-looking and pricing in one year ahead, will we see the FY24 potential share price at PE25 (given high growth) during year 2023? Why not?
Ever wonder why is market still buying ANCOM aggressively even at RM2.80+ all-time-high levels? This simulation could very well be the closest explanation.
A picture is worth a thousand words. Please enjoy :)