RM6.00 will be a hard nut to crack. Before Sarawak state election early next year, CMSB have to fight through at least three rounds of US interest hike. Hope that it can stand the pressure. Anyway, if CMSB can break through RM6 next week, it will then be the new support. Next week nothing kacau, but 10.08.2015 got US job report.
For small cap unestablished co. we have to be very careful to QTQ result. It may be unsustainable. For CMSB, we dun have to be too worry for occasional drop in profit. As we know it has the economic moat.
Reiterate BUY, with TP lifted to MYR5.86. We value CMS based on a SOP computation. Earnings revisions from some business units have translated to a higher TP of MYR5.86, implying 3.0x P/BV and 22.0x FY16F P/E. The dearth of Sarawak-based listed companies at a time of an imminent state election may put CMS under the spotlight, thereby justifying its premium valuations.
4.99 strong support now waiting announcement date for sarawak election ,once announce cmsb will shoot up the date will announce this month go buy now 4.99,5,,,,,cheap epf start accumulate this month don't miss the boat
now because of quarter result going to announce 25 FEB so they try to press down the price if the announcement of 4 quarter result is good cmsb will fly ,,,wait and see lah they shall announce good result because sawarak election coming already :D buy ,,,,buy ,,,,buy
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....
8wpwtmt8
2,949 posts
Posted by 8wpwtmt8 > 2015-07-31 17:13 | Report Abuse
RM6.00 will be a hard nut to crack. Before Sarawak state election early next year, CMSB have to fight through at least three rounds of US interest hike. Hope that it can stand the pressure. Anyway, if CMSB can break through RM6 next week, it will then be the new support. Next week nothing kacau, but 10.08.2015 got US job report.