This is the safest stock to buy at this current challenging situtation. As with outstanding 3.5b order book, it has earning visibility for next 3 years.
Mean the share price has support for next 3 years no katter how trade war or recession is.... We just need to wait for more contract awarded, to move the price up.
It's the analyst that is myopic. Despite so much good news from kenanga, he always maintain out perform at RM 1.20. I'm unsure what's his expectations are on kerjaya?
Wait for more good news in next few months. More contract awarded from housing construction and ecrl will boost the total awarded contract to close to 2bil.
If u use net profit margin 13% to calculate, the share price worth above RM2.00. But then analysist always wait for QR where revenue kicks in only upgrade the tp.
Overall, market still no giving any high valuation on property sector, that, why price hardly move even its extreme positive news. I think only the mega project start and reflected in their better QR result then higher valuation will be given.
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....
share4u888
113 posts
Posted by share4u888 > 2019-08-28 11:07 | Report Abuse
This is the safest stock to buy at this current challenging situtation. As with outstanding 3.5b order book, it has earning visibility for next 3 years.
Mean the share price has support for next 3 years no katter how trade war or recession is....
We just need to wait for more contract awarded, to move the price up.