Using 4 rolling quarters, the EPS of Mcement and Humeind is 27.34 sen and 27.85 sen respectively. In term of fair valuation, I believe EPS of Humeind is still better than Mcement. CIMB gives a target price of Mcement at 6.80, using the same method of calculation, the fair target price of Humeind should be 6.93. The current share price of Humeind is 3.12, there is a potential gain of 122%.
Cement stock will perform very well in the next 2 to 3 years due to MRT, LRT, ECRL, other infrastructure projects and data centers construction.
HLIB can recommend Mcement, but cannot recommend Humeind. CGS recommended Mcement the target at 6.80, but did not recommend Humeind. So far no investment bank recommends Humeind, hence Humeind cannot perform. I also agreed that Humeind is really undervalued.
Need to wait for Mcement result to be released, then may be Humeind can perform. Good luck. Thank you.
Humeind will continue to break a new high because the earning of Humeind is better than Mcement in term of EPS. The share price Humeind is chasing the share price of Mcement which is far ... far ... ahead.
Good luck. Thank you. ---------------------------- Using 4 rolling quarters, the EPS of Mcement and Humeind is 27.34 sen and 27.85 sen respectively. In term of fair valuation, I believe EPS of Humeind is still better than Mcement. CIMB gives a target price of Mcement at 6.80, using the same method of calculation, the fair target price of Humeind should be 6.93. The current share price of Humeind is 3.12, there is a potential gain of 122%.
Cement stock will perform very well in the next 2 to 3 years due to MRT, LRT, ECRL, other infrastructure projects and data centers construction.
Comparing with mcement is good due to similar business lines, but to note that share price is reflective of future earnings and potential and not purely current earnings, therefore has to be seen with a pinch of salt. Hong Leong Group has its own version of high PER company as well for example MPI, with current PER of 90!!! Therefore this share price is cheap is not fully true....
finally humeind getting some traction as it shd shd looking at mcement .... surprising to see that in the most recent qtr results, humeind EPS is 9.76c while mcement is only 7.72c, while former price is 3.77 while latter 5.65 ..... go figure and OTB was right
JPMorgan upgrades Malaysia amid economic reforms, renewed investor confidence, data-centred investments. Foreign money is coming back to Malaysia. https://theedgemalaysia.com/node/718568
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wahidul
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Posted by wahidul > 2024-01-04 10:42 | Report Abuse
cement to prosper in 2024,as construction projects are being roll out