My sifu always told me, price will follow profit.. If this quarter result is good, where EPS is above 3 cents, then your target price of RM0.74 is achievable.
Sycal has 550mil project in hand now. Which will bring huge revenue to the company in the coming quarters. Based on the current earning ratio, price should be above 0.74. Just imagine if coming quarters result is good ? It will definitely help to push up the price further than my current TP.
Alot of my investor frens, they disposed their property, and they have a lot of cash in hand now. Due to market uncentainty, they do not dare to invest in property now, because property at least need to wait for 3 years.
So now their are searching for good 2-3rd line company, got potential to surge in short period, good fundamental, liquidity and got earning growth.
This type of investor they have holding power, nand they are normally aim for 20-30% return within half year.
So SYCAL is a kind of stock that they like, they can easily pump in few hundred thousand or million at RM0.43-RM0.50, then prepare to sell at RM0.80 above...
anyone know about this ? The Company further diversified its income base in May 1997 through investment in United Golden Mile Aviation Ltd (UGMA), Hong Kong, one of the major players in the supply of aviation components and materials in China. UGMA assists in supplying OEM equipment and market repair and overhaul facilities for aircraft such as Boeing 737s and 747s. The Company is in the process of obtaining the necessary approvals for a proposed restructuring scheme
based on the trend should be good. I think current price is too cheap to sell. It has broken above 50 cents even before previous quarter's good result.
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....
Invest123
1,634 posts
Posted by Invest123 > 2015-07-17 12:01 | Report Abuse
70 sen