Our conference call with JHM reaffirms our high conviction OP call (TP: RM2.00). Plenty of upside remains as current 17.6x FY21F PER still trails UWC’s >30x. Automotive LED orders are at 4x normal capacity and industrials segment sees doubling of revenue from a US customer thanks to 5G rollout. 2Q will likely sustain QoQ despite Covid-19, followed by strong 3Q-4Q. Secured new automotive customers, for which production will commence within the next two months. We present a blue-sky TP of RM2.75 assuming potential bonus projects crystallise.
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....
happynl
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Posted by happynl > 2020-08-04 11:17 | Report Abuse
1.63 now....