EG'S P/BOOK IS THE LOWEST, amongst it's peer eg. Lcth/Penta/V.s. Price /Book : 0.81(More rooms to spike up the Price, once new contract secured) Comparable to it's closest peer VS. Has Doubled in Price/Book value .
--------------------------------------- Noting D Key points below -------------------------------------------
1. EG to x 2 it's revenue in 3 yrs ( 2016 - 2018 )
2. Expansion of Sg Petani Plant by another 50% of buit-up floor; to complete by 2H2016 .
3. To make the figure more realistic ; i. Profit accumulated till 3rdQtr2016 so far = $15.60 Mil ii. Profit to add back (Corporate exercise espenses recognised in current year) = $ 2.50 Mil iii. As from EG's press release; Estimated profit to 4thQtr2016 = $ 6.00 Mil
So, Profit for the 2015 year ( after normalisation ) ................................................ = $24.10 Mil To translate into earning per share, divides $24.10mil by 211.27mil shares. ($0.114 eps)
--------------------------- Let's Conservatively Apply x 10 p.e. for EG's T.P. ---------------------------
2015's Target Price > $1.140 x 1.00 = $1.140 ( reference year 0) 2016's Target Price > $1.140 x 1.25 = $1.425 ( year 1) 2017's Target Price > $1.425 x 1.25 = $1.781 ( year 2) 2018's Target Price > $1.781 x 1.25 = $2.226 ( year 3)
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....
VenFx
14,784 posts
Posted by VenFx > 2016-06-08 17:37 | Report Abuse
The hilarious OPTIMUS
duit u know it, I know.
he won't bite human.
No worry..kikiki