Projecting a 3-year earnings CAGR of c.26.6% for Pappajack, mainly driven by the expansion of pawnbroking outlets (+20%) and growing capital (+40%)
With a total capital of >RM150m (including IPO proceeds) available for loan, interest income could potentially reach RM27m, assuming an average interest rate of 18% pa
While we bake in higher operating and staff costs in relation to outlet expansion, operating leverage could cushion net margin once the newer outlets gain traction and mature
At an implied 12x P/E, its 3-year earnings CAGR of 26.6% triumphs the industry average, supported by outlet expansion, growing cash capital, and newly found listing status
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
OKU_2020
damn good - 80 sen TP no sweat
right timing during peoples are hungry for cash...see EPF super response for 10K with drawl
2022-03-21 21:00