The tp will be rm1.20 just matter of time . Current eps is 8.56 Taking average every quarter is 3 will generate eps 12 Taking pe is 10 and will translate to rm1.20 Buy at own risk. But a lot of positive factor that will boost this share due to china agree to reduce steel, our law imposed anti dopinng for crc and steel price keep increase
If based on last 4Q to project for Mycron's next 4Q results, it will be quite misleading. Please read carefully on the last 4QR & you may get something out of it.
My calculation is forward PE 6x at price of RM1.30.
Lets not forget AISB, steel counter which hasnt run up yet. Industrial factory sold at 70 mil plus development of Avant park with est GDV of RM 110 mil in progress versus maeket cap of only RM64 mil at current price! Grab it while it lasts!!!!
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....
Molek Nan Fang
60 posts
Posted by Molek Nan Fang > 2016-09-05 16:01 | Report Abuse
Mycron Steel的确是不可多得的低估值钢铁股,以6倍本益比计算, 估值可达到RM1.22。