Please read;Even PBB say buy on 13.5 cent.Its on my target price of 11-14 cents.But the target price seem wrong on the bullish side.Im going to upgrade Yong Tai to 25-30 cent.
Yong Tai blog 18 cents Posted by Michael Kwok > Dec 4, 2019 9:49 PM | Report Abuse X
Below just bad case scenario TP but best case scenario TP 11-14 cent
PublicInvest Research upgrades Yong Tai, target price 23 sen
KUALA LUMPUR (Jan 21): PublicInvest Research has upgraded Yong Tai Bhd to “Trading Buy” at 13.5 sen with a target price of 23 sen after Yong Tai announced overnight the planned development of an international cruise terminal at its Impression City development in Melaka Tengah, as well as the entering into of a Memorandum of Understanding (MOU) with Singapore Cruise Centre Pte Ltd (SCC) for the latter to act as terminal operations and management consultant.
In a note today, the research house said it was excited over this development, and sees this playing a significant part in the turning around of Encore Melaka’s prospects which has been plagued by lower-than-expected ticket sales.
It said while still very much early days, it nonetheless believes the worst is likely behind Yong Tai and sees this as marking the Group’s long but certain trek back in terms of regaining investor confidence.
“Our earnings estimates are left unchanged, with target price of 23 sen (70% discount to 76 sen sum-of-parts valuation) also retained.
“We raise our call to Trading Buy in light of this positive development.
“We continue to see value in its long-term proposition, with near term confidence depending largely on the speed in which it manages to turn around its Encore Melaka theatre,” it said.
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....
Godofgambler
5,307 posts
Posted by Godofgambler > 2020-01-21 09:07 | Report Abuse
8 billion projects huaaaatttt ahhh