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2013-08-18 22:02 | Report Abuse
Price prediction : RM3.00 (or RM1.50 after share split) on 31.12.2103
Reasons:
1. Strong balance sheet with tons of cash and minimal debt
2. Low PE/Low valuation - At a current price of RM2.00 per share & assuming a full year earnings of 35 sen for FY ending 31.7.2013, its P/E worked out to be 200/35 = 5.7, and assuming a fair PE ratio of 10 for this stock, its market price should be at least RM3.50
3. Future revenue in a upward trend
a. More than 70% of its products are exported to the US and the US economy is recovering. Unemployment is falling and more people are on the payroll. This means that consumption of consumer goods is going to increase. This is good for the company.
b. Its new production facility in China is expected to commence production in the 3rd quarter of 2103
Stock: [XOX]: XOX BHD
2013-11-08 18:18 | Report Abuse
buy without careful analysis of quarterly reports and annual reports - how to make money?