We have a SUBSCRIBE recommendation on Umedic Group Berhad with a target price of RM0.48 based on FY23F EPS of 2.5 sen and a PE of 19.2x which is a 20% discount to the health care industry’s 2-year average PE.
UMC is lousy stock. don't even sustain at 0.460 and some ppl say TP 0.600...haha, too early for dreaming. Only those who get ipo will profits and those are who keep selling thier ipo shares and that's why it keep downtrend.. selling more than buying
anyway, whoever who brought this shares yesterday or today, better sell off before it go down 0.400 probably this share price is worth between 0.35 - 0.38
according to IPO prospectus page 3, major shareholders plan to sell 82 mil shares upon reaching 2nd moratorium period of 6 months. Interesting to note.
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....
steventim777
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Posted by steventim777 > 2022-07-14 10:32 | Report Abuse
https://klse.i3investor.com/web/blog/detail/kltrader/2022-07-07-story-h1626018527-Umedic_Group_Berhad_ndash_IPO_Note_ndash_the_Expert_Care_You_Want