buying at 1.3x might pay at least a handsome 20-30% return when the earnings start to recover as new projects translate to earnings. Won't touch at 1.60 because it looks like a falling knife now.
We cut Signature’s target price to RM2.55 (from RM3.16 previously) based on unchanged PE of 10x CY16 EPS. We reiterate our Buy recommendation as we are still upbeat about the company’s fundamentals. Also, we see limited downside risk to the stock.
simple....if it breaks 1.69...sign will move higher.....if it breaks 1.57...sign will go lower and can fish for lowest price.....No worries....can hold........As of today, Signature International Bhd's intrinsic value calculated from the Discounted Earnings model is RM2.78
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....
paperplane2016
21,660 posts
Posted by paperplane2016 > 2016-01-07 08:13 | Report Abuse
1.50 coming