Hmmmm...these shares were being 'hot' (strongly recommended and promoted by KYY) and I did not have the knowledge of these two listed companies, therefore I did not comment on it but just felt curious about what's the so-called theme play on these two shares that the brokerage houses took advantage of promoting it.
After she forwarded to me those messages and a picture that she received from JO, I was not interested to read but clicking on the picture as to the research report provided by RHB analyst. After glancing through the RHB research report, I discovered an error on the published report.
Extracted from: RHB Malaysia Company Update - VS Industry 26 July 2016
"Maintain BUY with a higher SOP-derived MYR1.72 TP (from MYR1.68, 24% upside) based on an unchanged 11x P/E."
Do you discover that error after glancing through my extracted statement?
The answer is: There's a potential upside of 24% to the target price of RM1.72 from RM1.68. RM1.68? Is it something wrong?
I do not know what has been gone wrong with this published company update report but I strongly believe that every written report shall be critically reviewed by the authorised person, prior to leaking to the public.
tc2012
24% is refer to current price of 1.39 to target price of 1.72.
2016-12-13 20:25