MAYBANK Research maintain BUY on TOP GLOVE. Many rabbits in the hat. TP RM9.53.

Date: 
2020-09-14
Firm: 
MAYBANK
Stock: 
TOPGLOV
Price Target: 
9.53
Price Call: 
BUY
Last Price: 
1.11
Upside/Downside: 
+8.42 (758.56%)

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supersaiyan3

The Maybank report is at the (most) conservative side.

1. PE 9 times on 21E. That's the lowest you could give to the largest company in an industry. The range is anything between 9-30 times.

2. Estimated Net Profit 1b coming QR. The range is anything between 1b to 1.5b.

3. 11.2b 21E NP. Like!! Peaked at Q2 21, that's as far as we can see it now. Who knows about the future?

Once TG overtake Maybank as the largest cap., maybe Maybank can take it easy.

2020-09-14 11:14

Zachzach

up all the way

2020-09-15 15:00

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