At glance the TP2.90 given is very ridiculous. But now I try to figure out how the TP derive from:
If PER is 10, EPS is 29 sen or 659 mil net profit based on 2.2 bil outstanding shares. If PER is 8, EPS is 36 sen or 206 mil net profit based on 2.2 bil outstanding shares. (assuming revenue remains as the same as FY2018)
Basically i beliv FY2019 revenue and earnings shall see some improvements given the current weak crude oil price, better plant utilization and cash rich position. Balance sheet still strong and able to sustainable even the economy is slowdown.
or could it be a super kim chi spring trap?? ?? but it looks very yummy yummy indeed to take a bite .. who cares...anyway just check in now for 3 days- 4 nites excursion gee ...
https://www.klsescreener.com/v2/news/view/508313 “Risks to our call include: i) US-China reaching a trade deal and boost global economy; ii) higher profit contribution from US associate; and iii) better-than-expected plant utilization,” it said.
US-China is getting along trade war almost over Bimb rating will become a total bull shit ... back to Rm 5+
https://www.klsescreener.com/v2/news/view/508313 “Risks to our call include: i) US-China reaching a trade deal and boost global economy; ii) higher profit contribution from US associate; and iii) better-than-expected plant utilization,” it said.
US-China is getting along trade war almost over Bimb rating will become a total bull shit ... back to Rm 5+
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....
Icon8888
18,659 posts
Posted by Icon8888 > 2019-03-28 21:38 | Report Abuse
I really hope it can go 290
I really hope