with new factory start operating, potential market revalue Johotin according to food industry of PE15-17, RM1.5 is very possible in next 2-3 quarters, my hope is before Nov next year, mother share can hit 1.5, the warrant will be 0.65-0.7, i bet on the warrant
i didn't say this round can hit 0.9, if can hit 0.5 i am happy already. Anyway, 0.9 is also not impossible lor. Dream big big, say good words, happy happy, money come, hihihi
nice breakout, hopefully can stay above 1.02-1.03 today
QR should be good with new factory and also the strong USD for last quarter, all we need is EPS 4 cents per quarter to move the mother to 1.5, warrant 0.7
You may chek the chart. I am happy for everyone. I am very happy as well...enjoy the ride
Posted by andyhard > Sep 25, 2016 10:25 AM | Report Abuse X
1) As of 2Q 2016 performance, if I strip off the 3 mil FOREX gain, EPS will still be aound 0.07. (calculated based upon before bonus issue) 2) If based on EPS of 0.29, and PE=10x, the TP is around RM2.9 (ex bonus issue TP=1.087) 3) Cashflow has become very good in 2Q, inventory came down and short term trade facilities also very low with long term borrowing remain low 4) Cash has increased and it gives the group a chance to expand the milk powder lines in 2017. 5) The small MI at 2Q2016 0f 0.6mil, indicated the PAT of around 3 mil for Able food which produce milk powder. 6) This is still far away as 1Q2015 alaready achieve 3.7 mil PAT for Able Food. 7) The factory and warehouse is expected to complete by end of 2015 as indicated by the increase in capital ex and also in assets 8) Now, after 2 quarters after FY15, I expect the company should be more or least stable and should be able to provide a boast in revenue and increase in margin 9) My short/medium TP=1.087. Longer term TP=1.5
TA wise, the chart is getting read
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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....
cashonhand
577 posts
Posted by cashonhand > 2016-10-12 14:28 | Report Abuse
chiong ar...see u here paperlane...rebound from 93...will it break 1.01?