K9Kingdom, very hard to predict. However, if can breakaway 25s, anything is possible. The uptrend mode is simply too strong taking on the sellers relentlessly. Lets hope this trend goes on with profit taking in between. Then based on my experience, b4 QR, can reach 28-32s.
RGB is trading at a trailing PER of 12.6x (based on last 4 quarters’ EPS of 1.74 sen). However, the company has cash of RM70 million as at 30/6/2016 (or 5.3 sen per share). If the cash is deducted from the share price, RGB’s trailing PER is only 10x.
The two gaming stocks listed on Bursa - GenM and Genting – are currently trading at trailing PER of 21x and 26x respectively. One can make a case that RGB should trade at similar PER as GenM or Genting.
Assuming that RGB can command a PER of 20x, then its fair value would be RM0.35 (even ignoring the cash in hand of 5.3 sen per share).
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Posted by IncredibleThings > 2016-11-14 15:30 | Report Abuse
Yep, after all those adjustment. it continues it wave again. Still cheap before their QR comes out.