Waiting to collect more of this wonderful cash cow for more dividend and estimated full year EPS will be around 1.40 to 1.70. Current price is attractive for surprises.
Looks like HY operator wanted to use the funds on Petronm now as its free float is much less and easy to fly or fry Petronm with smaller capital........right mathematically ?
good financial position strong cash flow reasonable dividend yield sustainable and consistent earning refinery + retailing gives rise to 1+1=3 effect expansion plan on the way so improved earning is on the way and foreseeable high margin of safety at current price of 13.60 fair value at least RM20 a true value investor will buy more during bad sentiment satisfied all the stock pick criteria of WB, BG, coldeye, KCChong...
Petronm earning rather consistent around 40 cents, if 50 sen then it is a bonus. Expansion is on the way to 80 sen, then price will adjust upward acvordingly.
Market always to pay a higher pe to a stock with sustainable earning. Expansion is planned, so improvement in earning is expected Just a pe of 15 slightly lower than PETDAG will send the price to at least RM24. Where can you find in bursa a better stock to park your big money in to earn big profit in one or two years time
Drop below 10 means, its downtrend already. Break multiple support and fundamental change. If tomorrow close higher then today, its a pin bar reversal..
Yes, i agree, everybody wants to buy cheaper the better. But at thr current pe of 8.8 compared with petdag of 16 , it is reasonanle cheap for me to recommend you to buy
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....
sheldon
1,419 posts
Posted by sheldon > 2018-01-04 09:29 | Report Abuse
ironically, Pet Dag is surging ahead despite PE of 26 whilst Petron's PE is 16