TCS Group Holdings Bhd - Construction Partner for Growth Author: rakutentrade | Publish date: Thu, 23 Jul 2020, 11:52 AM
TCS Group Holdings Bhd (“TCS”), is an established building and infrastructure construction services provider supported by strong orderbook of RM463.8m, providing earnings visibility over the next 3 years. TCS is set to debut on the ACE Market today, we recommend BUY with a target price of RM0.70 based on 9x PER FY21 as per closest industry players.
Construction players earning is seen picking up as govt efforts to further spur the economy via public funding i.e. govt funding for infrastucture where TCS fits really well.
I think investors should not be blindsided by the (slowing down) glove rally and (premature) pharma rally of the opportunities in construction sector as govt is starting to give various signals on coming infrastructure new and revival of existing mega projects. Govt spending is necessary to spur the economy.
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....
dex
493 posts
Posted by dex > 2020-07-11 17:26 | Report Abuse
dont lie. its only worth 10 cents