@Peteyy yeah! more IBs are seeing the hidden gem in JHM now...buy for long term ya which we hv been advocating everyone here over and over again since it was below RM1 till today which is hovering ard 1.30-1.40...
JHM Consolidation OUTPERFORM 5G to Unlock Next Phase of Growth Price : RM1.30 Target Price : RM2.00 By Samuel Tan l samueltan@kenanga.com.my BUY with an upside of 54%; 5G being the mainstay of our investment thesis. We initiate coverage on JHM Consolidation (JHM) with an OUTPERFORM recommendation and a target price of RM2.00, which is based on FY21E PER of 22.2x, representing +1SD above its 3-year mean considering its exciting prospects from 5G, electric vehicle (EV) charging stations, horticulture venture and new automotive customers. Its aerospace venture also offers enormous potential but will only see significant contribution in 2022 and beyond. Furthermore, the transfer to Bursa Malaysia’s Main Board will attract greater interest from institutional funds. The stock is currently trading at FY21E PE of 14.5x; a steep but unwarranted discount to UWC’s 26x (based on Bloomberg consensus)
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Posted by Trapps > 2020-06-26 14:55 | Report Abuse
Ce back again afterthe announcement..sell on news..hihi