KLSE (MYR): TROP (5401)
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Last Price
1.19
Today's Change
-0.01 (0.83%)
Day's Change
1.18 - 1.20
Trading Volume
2,510,500
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darrenliew
1,046 posts
Posted by darrenliew > 2015-11-22 11:44 | Report Abuse
HISTORICAL DATA on P.T.(price target)
Market prices
HIGH 2.24 (OVER 2 YEAR PERIOD)
0.94 TO 1.28 (52 WEEK RANGE)
PRICE TARGET
1.10 TO 1.80 (ASSIGNED BY VARIOUS ANALYSTS)
(comments of this wide range: Kenanga gave 1.10 after discounting 72% from its RNAV , etc
based on the current property recession in Iskandar and
Trop/s earlier proposal to buy the Plentong land for rm444M and i its possible exposure to its proposed GDV of rm3.7B (if the land
purchase is completed. HOWEVER, THIS DEAL WAS TERMINATED A FEW WEEKS AGO). THE MAIN REASON FOR KENANGA'S EXCESSIVE DISCOUNTING @ 72% TO ARRIVE AT THE PT OF 1.10 IS NO LONGER VALID AS THE DEAL WAS ABORTED, MOST ANALYSTS USE A DISCOUNT OF 50%. BASED ON SOME ESTIMATE OF TROP'S RNAV OF 2,60, THEY GAVE A PT OF 1,80)
Bonescythe.blogspot,com arrived at its price target of rm1.40 based on its very detailed analysis in 10 April 2015.