One of the oil and gas stock which is not covered by analyst is SILK. Everyone thought it was Kajang Ring Road. Actually SILK today is a restructured company with 19 OSVs + Kajang Ring Road. Both earnings are growing, and the share price only reflected 50% of its intrinsic value. at the moment it is 61sen with expectation of 120sen.
When latitude announce the qtr result in end May, the profit will easily 2x to 5x compare to last yr ( like prlexus ). Buy when the price still below rm3 else you will missed the opportunity. With strong profit grow, low PE.....this stock can cross rm4 in q2
Posted by talkrealreal > Apr 3, 2014 01:41 PM | Report Abuse Directors buying is to con investors into chasing. You will see price surge only if the operator is buying. Get it?
Latitude is relatively undervalue.Its financial performance is awesome and it gives me a struck. What im referring to is based on its current FY2014 results which will falls on June'14. As till date based on its accumulated half yearly of FY14 profits, it has already exceeded the entire FY13 profits by 37.7% Just imagine half yearly already exceeded by 37.7% on the entire last year profit. At this range , if we would use June'13 closing to mark its share price, it is eventually trading at a PE of 11x which I presume is fair based on the current price of RM 2.80 but it has yet to reflect is actual FY14 results. Based on its acquisition in Vietnam which contributed a massive increase on its revenue and profit, FY14 would be expected to achieve approximate RM 67m or to be more prudent to achieve RM 60 m referring to its actual half yearly results extrapolated to a full year. This means that its share price would be deeply undervalue at now. Its total shareholding is RM97 m and with RM 60m profit this would give an EPS of RM 0.6 cents per share. If you refer to the current price of RM 2.80 it would be trading at an extreme low PE ratio of 4.5x. If I would use a fair PE based on the current of 11x or let say 10x of it the share price at June;14 would be worth RM 6.00. Given a 8x PE would mean the share price by June'14 should be at RM 4.80. Invest at your own risk. Good luck
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....
fly888888
443 posts
Posted by fly888888 > 2014-03-31 18:48 | Report Abuse
Oh ... can chase high ? I newbie ...