Price Target (SUPERMX): CIMB Research maintain BUY on SUPERMX. Target price = RM13.5

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1 comment(s). Last comment by newbie8080 2020-09-06 23:14

newbie8080

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Posted by newbie8080 > 2020-09-06 23:14 | Report Abuse

The IBs kept adjusting higher target price.
Why can't they estimate the fair value by anticipating the peak earnings.
Foe example, putting RM4 billion profit after tax per annum based on peak earnings for this pandemic. Thus, it will generate estimated eps=RM1.40, then assigning pe=20(lowest), which will provide a target price of RM28.

Then leave it alone till the pandemic hits peak.

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