Based on the existing income stream (est 15m in 2021 and 18m 2022) and the projected income from Glove venture (est 50m in 2021 and 100m in 2022), the projected EPS of Luster will be 0.022 cts in 2021 and 0.04 cts in 2022. Based on a PE of 17x (current average BSKL's PE is 17x, per CEIC) the share price of Luster will be RM0. 37 (based on projected income of RM118m in 2022, the share price will be RM0. 68). Anyone who has invested d share at the current price of RM0. 225, will be rewarded with a ROI of 64% this year (and possibly 202% in 2021, if you are patient enough), not to mentioned the potential surprises for additional bonus income from manufacturing of PPE (given that Luster is the OEM of health care related products) and property sector (one of the directors Mr. Chuah has a fantastic record in property development prior to joining Pentamaster). Just my 2 cts.
Stock: [LUSTER]: LUSTER INDUSTRIES BHD
2021-02-13 14:03 | Report Abuse
Based on the existing income stream (est 15m in 2021 and 18m 2022) and the projected income from Glove venture (est 50m in 2021 and 100m in 2022), the projected EPS of Luster will be 0.022 cts in 2021 and 0.04 cts in 2022. Based on a PE of 17x (current average BSKL's PE is 17x, per CEIC) the share price of Luster will be RM0. 37 (based on projected income of RM118m in 2022, the share price will be RM0. 68). Anyone who has invested d share at the current price of RM0. 225, will be rewarded with a ROI of 64% this year (and possibly 202% in 2021, if you are patient enough), not to mentioned the potential surprises for additional bonus income from manufacturing of PPE (given that Luster is the OEM of health care related products) and property sector (one of the directors Mr. Chuah has a fantastic record in property development prior to joining Pentamaster). Just my 2 cts.