I bought the warrants as the price is still considered as cheap for o & g related industry company. I believe that more projects will be signed up in the future with the RAPID project as track record.
SBCCORP Maintain Trading Buy with a higher TP of RM3.24 (previously, RM2.35) based on 50% discount to its RNAV of RM6.48 which is inline with our small to mid cap property players. The main reason for the sharp TP increase is because we are using DCF-future profits methology instead of basing valuation on landbanks at market value and we have also included the Batang Kali JV project. Currently, its only trading at an undemanding PER of 6.5x to its CY15 earnings, at a discount of 33.6% to FBMSC’s 9.8x CY15E PER.
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....
bracoli
2,579 posts
Posted by bracoli > 2014-04-09 19:42 | Report Abuse
Pure gorengan keledek, pisang, jambu, watermelon.. Kikiki