Agreed with PresidentRotiCanai. If Q2 can maintain the sterling performance of Q1, I think they don't have problem to achieve RM55 mil net for fy2021 with EPS of 0.05. Assuming PE at 17 (5- year mean), fair value = 17 x 0.05 = RM0.85. This is rather conservative.
pending the release the result, this stock will be quiet for a while. For those who has conviction that the Q2 result will be good, they should accumulate when dip.
Debt is crazy high... Debt / T. asset > 33%... really not compliance to Shariah requirement anymore. Today less vol push back... next day ready to sell off again?
the debt incurred is for Vietnam expansion i.e. capex. Now upon commissioning of the plant and started to bear fruit, they have started to repay the debt gradually. It is of no concern.
Unfortunately Ivan, your knowledge is a bit shallow if you really just take EPS of 1.3 sen * 4. By the way, with your assumption of PE 18, it should be around 93 sen. So I'm not sure how you calculated.
We shall see by end of this month, how much more the profits can grow, and perhaps you might reconsider your calculations.
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....
sengtan
188 posts
Posted by sengtan > 2020-11-09 21:07 | Report Abuse
Agreed with PresidentRotiCanai. If Q2 can maintain the sterling performance of Q1, I think they don't have problem to achieve RM55 mil net for fy2021 with EPS of 0.05. Assuming PE at 17 (5- year mean), fair value = 17 x 0.05 = RM0.85. This is rather conservative.