EPs for 2019 was 9.62 cents @ PE multiple of 60 give current price of RM5.77. EPS for 2020 is 11.84 cents based on 1st qtr results. And using same PE multiple of 60, the fair price shld be RM7.10. Still alot of room to move upwards.
9.62 EPS is historical 2019. Most professional fund managers shall take the estimated EPS for the current year or next 12 months and multiply by price earnings multiple which is 60 times ( this morning per KLScreener)
The 60 is the Price Earnings Multiple. This number is usually arrived at using current price divided by the previous year's EPS ( look at KLscreener). Or is the average market Price Earnings Multiple of similar size companies like Vitrox.
tail wind is with this counter..... last time solar films all import from china, US-china problem since last year and now start again, big US solar companies sourcing from here....the demand will be strong for a long long time....
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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....
CoolJay
831 posts
Posted by CoolJay > 2020-07-20 16:33 | Report Abuse
thanks @choog wah kean holding at 4.715 now