Foresight123TP 1.60 - 2.00? It may be the next ifca where the warrant reaches 1.80 :O
jack123haha .. goreng kaki only know to spread rumours .. =S
BABIHUTAN8SKP Resources - Growth Assured ( TP RM1.71 by Public Invest )
We had an opportunity to visit the Group's assembly plant in Johor recently, coming away certain that our confidence in the Group has not been misplaced. Growth remains firmly on track with capacity and capabilities in no question, reflected by the gradually increasing share price as more investors exhibit greater appreciation of its prospects. Its share price has already appreciated 59% since our initiation just 3 months ago, and a cumulative 120.3% year-todate. The recently-announced financial results which saw slightly lower margins recorded is not overly-worrisome, as we expect the significant levels of growth in the coming financial years to mitigate any potential erosions from raw material cost pressures.
We maintain our Outperform call with a raised target price of RM1.71 (RM1.18 previously) as we roll over our valuations to FY17, adequately capturing the Group's healthy growth spurt in the coming few financial years, underpinned by the expected increase in orders from its key existing clients. Our earnings estimates for FY16 and FY17 are raised c.10% higher to account for slightly higher production assumptions.