Looking at the target price here. http://klse.i3investor.com/blogs/kenangaresearch/57715.jsp Its fair value after bonus issue should be RM 0.92. Now it is only RM 0.50. So it has nearly 85 % return upside. With weak ringgit, it should augur well for SYF. Anyone start collecting more ?
All the furniture stocks are moving. Amazing that no one wants to take on SYF even it has the potential of over 85 % returns. Its EPS should be good due to the weak ringgit and its exports to the US. Latitud had already gone up 14 cents this morning
This is a stock with fundamental. EPS last year was around 8 cents so this year should be over 10 cents. With PE of 10 its fair value should be atleast RM 1.00 now and PE of 8 it should be RM0.80. Latitude, Pohuat, Homeriz; they all have already achieved new highs. Even Hevea is near having a breakout. Thus SYF is a real laggard. It should be atleast at RM0.65 by now which is its peak before the bonus split.
People with longer term view should collect more on Hevea and SYF. Hevea fair value is RM3.00 (EPS 30 cents) another 50 % returns. Whreas SYF has aleast another 80 % to 100 % returns. Judge yourself which one you want to collect more.
Even Hevea has done a breakout and achieved new high today. SYF is a real laggard. It seems some people are suppressing the price to collect more cheap shares ??
So some people are suppressing the price to collect the good fundamental cheap SYF shares. KLSE is already at 1800. SYF should at least at 0.65 by now.
"ykinvestor So some people are suppressing the price to collect the good fundamental cheap SYF shares. KLSE is already at 1800. SYF should at least at 0.65 by now.
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keng88
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Posted by keng88 > 2015-01-12 18:20 | Report Abuse
Good counter 我买了一点wb来玩玩。