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
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paperplane2016
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Posted by paperplane2016 > 2016-01-07 08:13 | Report Abuse
1.50 coming