KUALA LUMPUR (Aug 15): Public Investment Bank Bhd Research has initiated coverage on Johore Tin Berhad (JTB) with an “Outperform” call and a target price of RM1.86, implying an upside of 36.8% from its last traded price.
In a note today, the research house said it likes JTB for i) growth opportunities in the milk powder segment, ii) increasing F&B contributions from potential capacity expansion plans in the sweetened condensed and evaporated milk segments, iii) opportunity of growth in the American Continent from new ventures in Mexico, and iv) healthy balance sheet.
“As such, we believe JTB deserves a higher price to reflect its underlying value,” it said.
shpg22, it is not a F&B stock lah, it is a tin can manufacturer and it produces tin can for the F&B sector. But i think your est on price is still can-can
The company name is a bit misleading. 75% revenue & 55% PBT from F&B, the rest only from Tin can. Apart from that the high growth and low PE is really a bargain. I will buy even at 2.00.
Almost dumb the stock after being locked up at the peak. I learned a lesson if fundamental good stock no operator better don't buy as it will drain your money faster than you think.
Ahead 1268 , I have a same situation with you. I entry at a high price 1.61. When the price drop to 1.34 , the time I really planed want selling the share but lucky I think back the reason why I buy Johotin. It's because I believe Johotin can go more high and good future so I keep hold the share. Now I so lucky the share back to uptrend and hope can maintain it. Cheers with Johotin member
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shpg22
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Posted by shpg22 > 2017-08-12 00:33 | Report Abuse
Market is not always efficient. When an undervalue stock dive, its good opportunity to accumulate.