Step 1: Q4 2023 result: RM0.0205 EPS
Step 2: Annualized: RM0.0205 EPS x 4 quarters = RM0.0820 EPS
Step 3: Forecast 2024. Conservatively assume each quarter will only grow by 20% flat from Q4 2023 base and stay constant. RM0.0820 EPS x 1.2 : RM0.0984 EPS
Step 4: Take Industry average PE 15
Step 5: Valuation. RM0.0984 EPS x PE 15 : RM1.48
Q1 FY2025 : 1.2 X 2.05 = 2.46 sen
Percentage rise YoY for Q1 FY2024 =[ (2.64 - 0.62) / 0.62] X 100 = 297%. Great! About 3 folds!
Quarter FY2023 | Net Profit (RM,000) | EPS (sen) | QoQ | YoY |
Q4 | 10,270 | 2.05 | 27% | |
Q3 | 8,066 | 1.61 | 30% | |
Q2 | 6,193 | 1.24 | 136% | |
Q1 | 2,619 | 0.62 | - | |
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