Kenanga TP is 1.13. As with most brokers investment reports, if the results at end of this month are good, there can be a rerating, that's a usual thing. You may see it revise upwards. I believe its EPS can be as good as 15cents, thus even at PE 10, its share price can reach 1.50
It's considered cheap at this price 6 years ago when its NTA is sky high. It's a different story now. It can only go up to rm5 if super bull charges in.
Olivia, I will continue to hold after the quarter report is out. The last quarter results was good, and I think the next few quarters will also be good. That's the reason I put its EPS at 15c, with this conservative estimate also, the price is not there yet, still yet to move up close to it. If you read what I posted earlier , you can see those projects coming up, and also the planned development that will maintain if not further improve its EPS. The tendered portion will also moved the price should there be some successful awards.
Lim will break the jinx this time, hahaha Tendered value at 1.6b so far. Those that they are going to tender is not in yet for this year,. a lot more...
Hopefully it would secure another major construction contract in excess of RM 300 mil when its share price crosses RM 1.10. That would help propel the share price to even much higher level then. :-)
Buy if you think its still worth it. When there may be corrections, but its very minor. Just don't wait too long, else the price might go higher before you can catch it.
If you are confident that the value will be more than 1.00, then its not a good decision to wait for half or one sen lower.. It can just shoot very much higher anytime
I put the new FY EPS as 15cents. You check the projects undertaken now and see if 15cents is over rated or under rated. Then you know how much it can be worth... just work it out ... test pen method first
Lim, you made a good decision. Mitra wc is now 52.5. The facts are there, if there are people whos willing to pay for that, you know the mother will soon worth much more. I wont know where it would touch, I reckon my estimates of EPS of 15cents will value it at around 1.50. The quarterly result will be out soon and we shall see those projects undertaken produce sustainable and improving EPS, more than my conservative estimates I think
Yea, Mitrajaya fundamental is very good that's y I plan to hold it for long time. Soon the financial institution going to revise their target price for Mitra. Happy to buy Mitra yesterday but not full power in, I though it will went down today for me to average but nvm lah. I also buy in Silkhld & LCTH. =)
Yes Lim, the fundamentals will improve. Construction stocks have their ups and downs, so its never a buy and hold forever type. When projects are few, its down time, but when they have lots of existing projects and more pending, its up time. I bought Gadang avg 0.696, you believe or not. Now I am buying Mitra. haha. I find you that you do make good picks too, you must have been studying the market a long time.
Regretted to buy Silkhld this morning. I'm in dilemma between Silkhld & Pelikan, their charts look nice. However, I randomly choose Silkhld, now Pelikan up so much wherelse Silkhld still standing. Sad~
I don't think I will buy Belikan, but Silk yes, am waiting for a right time. Sometimes when already moved up a lot, need a better reason to buy in. If unsure,, do nothing is better isn't it, Lim?
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....
Firebird2
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Posted by Firebird2 > 2014-05-14 12:12 | Report Abuse
Kenanga TP is 1.13. As with most brokers investment reports, if the results at end of this month are good, there can be a rerating, that's a usual thing. You may see it revise upwards.
I believe its EPS can be as good as 15cents, thus even at PE 10, its share price can reach 1.50