Considering other cement company like Mcement pe is 30 to 40 This stock is crazy cheap cement company in bursa. Have been press down for too long by boss.
The current market PE for cement company is above 20. Es ceramics is now a Cement company. When market start to realise it is no longer a glove related company. It will be rerated. Give it a PE 15 x 4.7 sen profit( Past 4 qtr profit)=70sen If next 3 qtr above 10 m = PE 15 x 7.4 sen profit = RM1.10
When the boss bought evermix below PE 20.Market scorned at him. Now you see whether can buy any cement company below PE 15. Probably only Esceramics left.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Plantermen
2,096 posts
Posted by Plantermen > 2023-02-17 14:47 | Report Abuse
Be wary of false hope, promises or expectations. There is a reason for the drop in prices. Statistics don't lie