HL : Maintain BUY with an unchanged TP of RM2.28, as we ascribe a P/E multiple of 30x
for SMRT pegged to FY26f earnings. Considering the substantial earnings potential arising from the utilities and financial services sectors and the growing recurring earnings base, we find SMRT's current FY26 forward P/E of 14.9x to be undemanding, making it a compelling case. The proliferation of managed site post site deployed will lead to a steady growth in the recurring income base.
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....
sten_still
409 posts
Posted by sten_still > 2024-07-12 14:56 | Report Abuse
a solid company, that's it