As we speak, the company is giving a briefing for analysts. Hopefully after this analysts come out of meeting rush back office and make a favorable call. Run will then resume
I think its the PE normally assigned to GCB for its nature of business and its size. PE of 10 has been used for GCB on the past. Now may be upgraded to 12x due to its higher growth and capacity expansion
GCB in the past been assigned a low PER mainly the investment community compare it with its closest peers i.e. koko budi which is listed in singapore at PER or ard 6-8times. Both are ard the same size and capacity. And both companies are related in blood which they are cousins.
Judging from the well absorbed selling pressure, seems to me the investors briefing this morning conducted by the company for analysat are quite well received. We shld expect to see Some buying in the afternoon sessions. At least this is what i think
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....
wilsonngoh
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Posted by wilsonngoh > 2019-11-18 21:29 | Report Abuse
Expected QR profit as 60m. cheong ah tmr chao gai~~~~~