It has drop a lot after its RM0-51 Sens dividend. Buy for safe keeping. Henniken is the major shareholder. Asia Pacific was privatize at S$51/- per share.
Notwithstanding the general weakness in consumer spending, we believe GAB will continue to deliver modest earnings growth driven by growth in sales volume, and also reap the fruit from its ongoing efforts on operating efficiencies. Although we like GAB for its defensive attributes coupled with decent yields, we believe the stock is fairly valued for now. Maintain HOLD and target price of RM15.00, implying 19.2x FY16F PE and 18.3x FY17F PE. Entry price: RM13.50.
Is GAB able to deliver another set of results exceeding rm100 mil profit before tax (Dec 14) and maintain its 20 sen interim dividend this coming February?
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....
Noeyesee
139 posts
Posted by Noeyesee > 2016-01-03 12:13 | Report Abuse
It's in oversold position and a good fundamental stock. Safe to collect.