Been doing some rough calculations. Based on previous quarter profit of 1.59 million, assuming their profit triples for the coming qr (which means a 4.5 million profit), and conservatively the 4.5 million profit remains constant for the rest of the financial year, that will be annual earnings of 18 million. Earnings per share (eps) would be 18 million / 479 million total shares = 0.038 eps. Therefore, PE ratio 10 = TP 38 sen PE ratio 20 = TP 75 sen PE ratio 30 = TP RM 1.13 So it will be very interesting to see what profit they earn for the coming qr. We should know very soon. Patience..
BetterTomorow, yes I believe so too. They would see an upsurge from March onwards at best. So the full impact of the business will be seen only in Q2. But market always works it out ahead of time. So everyone will be looking for clues in this coming qr.
AR is just out. Check out the pictures in the AR on how the acrylic sheets are used for physical retail outlets due to covid. QR could be out soon, maybe tomorrow
If you read the notes to the qr, under the sub heading of Business Prospects, it says that "due to Covid, the demand for acrylic sheets has increased and with a shortage of supply in the market, this has driven selling prices higher. Currently we have orders maximised to the end of the year. Management is confident that Fy 2020 will be a strong growth year for the Group." So obviously, after March, they have gotten a deluge of orders. Their order book is maxed out till the end of the year. Guys, the clues are in the notes to the report! Selling price has increased and furthermore the order book for 2020 is maxed out!
Powerplay666 Margin call only happens when the market is getting overheated and share prices are flying. Hardly the case at the moment. 23/06/2020 9:15 PM
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AxeCapital2077
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Posted by AxeCapital2077 > 2020-06-23 12:50 | Report Abuse
i can set my resistance at 5 ringgit if i want to as wel