Volatile market due to contra players. Looking forward, JHM seems very attractive, despite its current price level. From recent results, annualised prudent EPS at 4 cents, hence a PE of ~8 at current price of 0.38. Assuming fair PE of 18, near term target price at 0.72, a 90% upside. Note that, this may be a buy call but final decision is yours. Also, I own shares of JHM.
Shaun got a point here, the company generated RM1.7m for Q1. And the company ‘s prospect : “With the improvement of demand in electrical and electronic industry and the expansion of production capacity by the Group, the Directors believe that the Group will perform satisfactorily for the comimg period of the financial year. “
If you annualized RM1.7m, this stock will make RM6.8m, assuming a P/E of 10-12x, JHM should have a fair value of RM0.55 – RM0.66. I recommend you guys to take a look at this stock
Good to know that you agree with me, thanks Alpha Trader!
Anyways to those who wish to buy this counter, you should do so quickly. I observed the volume action over the last two days and assumed 50% of the 260k lots volume is a T+3 trade. With yesterday being a consolidation period, I reckon that the trades yesterday are mainly profit taking from contra players. With yesterdays 60k lots volume and this mornings 30k lots volume, I'm GUESSing that most contra players have taken their profits. With that, JHM should resume its uptrend. This analysis is based purely on emotions of the market.
this is the second opinion i heard bout this stock..hope it wont down us,,plus with the small volume share float in the market i believe it will reach fair value soon enough..
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....
Skipz Yang
67 posts
Posted by Skipz Yang > 2015-05-25 10:57 | Report Abuse
manipulated...stay far far away