Price Target (TOPGLOV): MAYBANK Research maintain BUY on TOP GLOVE. Many rabbits in the hat. TP RM9.53.

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2 comment(s). Last comment by Zachzach 2020-09-15 15:00

supersaiyan3

3,133 posts

Posted by supersaiyan3 > 2020-09-14 11:14 | Report Abuse

The Maybank report is at the (most) conservative side.

1. PE 9 times on 21E. That's the lowest you could give to the largest company in an industry. The range is anything between 9-30 times.

2. Estimated Net Profit 1b coming QR. The range is anything between 1b to 1.5b.

3. 11.2b 21E NP. Like!! Peaked at Q2 21, that's as far as we can see it now. Who knows about the future?

Once TG overtake Maybank as the largest cap., maybe Maybank can take it easy.

Zachzach

1,257 posts

Posted by Zachzach > 2020-09-15 15:00 | Report Abuse

up all the way

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