I think Koon Koon owns ard 100K KESM, hopefully he wouldnt come out to give buy calls on KESM....I doubt too...he wouldnt waste him time for this small holding of shares
For a large part of the past 3 years, KESM’s PE has traded within the range of 5x to 8.6x, or between -1SD and its mean PE. Peer comparison is limited, as there is only one other major listed player, Trio-Tech (TRT US), which trades at a 14x 2015 EPS. Taking all this into account, we believe that a fair PE for KESM is 12x for calendarised 2017E, which is at a 30% discount to our target PE multiple for the FBMKLCI and also a 14% discount to the automotive IDM average PE of 13.9x for 2017E. On the whole, we think the lower PE is justified given KESM’s smaller scale of operations but taking into account its strong 3-year forward EPS CAGR of 35%. At 12x our calendarised 2017E EPS, KESM’s target price is pegged at RM11. We initiate coverage with a BUY for upside potential of 58%.
Sunright has owned 48% of KESM since day one of its IPO in 1994. Someone just walloped 100,000 @ 30.5, a new 52-week high, and makes today the highest trading volume in this tightly-held stock in almost a decade!!!
U shld take profit on some KESM & switch to Sunright which is much more undervalued & is a lagging mover because not many dug for gold as hard as I did :D
nope. no difference. I will switch other stocks once hit 16 TP. See Hwang report, 11 TP based on conservative P.E 12 as they not so sure if this is correct P/E
I see it as growing stock churning stable good cashflows, I think P/E 15 is not too exaggerated. so it should at least be RM16!
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....
pingdan
1,549 posts
Posted by pingdan > 2016-08-15 09:40 | Report Abuse
walao eh, siao one. I though result out last friday. Up so much