4Q2016 net profit shrank 24.0% Y.o.Y to RM33.9 mln, impacted by lower cement sales, a one-off loss from disposal of its Ipoh based subsidiary, Higher loss on disposal and write-off of assets, higher finance cost and higher share of losses in an associate. Revenue for the quarter decreased 11.4% Y.o.Y to RM636.4 mln. For 2016, cumulative net profit sank 69.6% Y.o.Y to RM76.7 mln. Revenue for the year declined 7.2% Y.o.Y to RM2.55 bln. (The Edge Daily)
What? Target price RM6.06 Got evaluate correctly or not!!!???? Lafarge .....a good cement producer wor, giving me good dividends all the time!,, If fall to RM 6.06, I will grab more!!!!
larfage has been on down trend for quite a while now. 1) less demand for cement 2) more competitors in market profit down for consecutive quarters. there's nothing to support a price increase. some IB TP are below $6. i guess it's still worth a look if it goes down well below $6.
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....
PE_10
60 posts
Posted by PE_10 > 2016-04-29 05:19 | Report Abuse
EPS 5.1 sen. If fair PE 10 TP RM 2.05.
http://klse.i3investor.com/servlets/stk/fin/3794.jsp