Good earning construction company SYCAL trading at PE below 5 NTA 72 sen & order book also can keep the company busy for 2 years. Aren't this is undervalue company?
My sifu always told me, price will follow profit.. If this quarter result is good, where EPS is above 3 cents, then your target price of RM0.74 is achievable.
Sycal has 550mil project in hand now. Which will bring huge revenue to the company in the coming quarters. Based on the current earning ratio, price should be above 0.74. Just imagine if coming quarters result is good ? It will definitely help to push up the price further than my current TP.
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lasereye
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Posted by lasereye > 2015-06-02 10:08 | Report Abuse
profitable and resilient construction company, other than the big names