We expect a 9.5% YoY growth in CCK’s FY23F net profit and hence, remain optimistic on it’s future prospects. --Source: PublicInvest Research - 30 May 2023
The average PE (valuation) for the past 8 years is about 12 (between 10-18) Today share price of 0.83 with 4Q eps=11.5 the pe is at 7.3 Furthermore the growth prospects of this company is good
Following our earnings adjustment, we maintain our Outperform call on CCK and raise our TP for CCK to RM1.12 based on 9x FY24 EPS, which is in-line with its 5-year average forward PE . --Source: PublicInvest Research - 29 Nov 2023
In the article shared by bursavulture, it's mentioned "Upon completion of the agreement, the shareholders of GCS will be GCMG (72.8 per cent) and CCK (27.2 per cent)."
Just a subsidiary and it doesn't effect? like this I might as well set up a sub sub sub co and then do hanky panky and then say... those hanky panky doesn't matter, losses doesn't matter, right? effect big or small, we dont know, we know just 1 off, so, not really a big issue.
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....
katara
246 posts
Posted by katara > 2023-07-26 11:49 | Report Abuse
cck profit after tax vs share price:
2015 14m 0.30+
2016 18m 0.35+
2017 29m 0.50+
2018 28m 0.80+
2019 34m 0.50+
2020 36m 0.55+
2021 25m 0.60+
2022 62m 0.65+
2023 68m(F) ??