I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!
TP 1.84 - RHB Research IQ Group Holdings (TP MYR1.84 – BUY) 9MFY14 Results Review: 9MFY14 Earnings Improved to RM10.8m
IQ’s 9MFY14 results were above our estimates. Its revenue and net profit of MYR134.3m and MYR12.7m accounted for 85% and 97% of our full-year forecast. We revised our FY14F earnings higher with revenue and net profit up by 2% and 6% to reflect the better-than-expected results. Overall, IQ reported a good set of 9MFY14 results, primarily due to higher sales of its new products, improved efficiencies and favourable foreign exchange rates. We believe that IQ Group should rightfully have comparable valuations to its closest peer, Everspring, which is currently trading at 2.05x P/BV based on the book value as at end-Sept 2013. Based on IQ’s MYR1.14 book value as at 31 Dec 2013, IQ’s share price could be worth MYR2.28 if it commands the same 2x P/BV. We are reiterating our BUY call on IQ, with an unchanged MYR1.84 FV pegged to FY15F P/E of 12.5x . This is within the range of consumer stocks’ 10-15x P/E (excluding consumer staples) under the coverage of our consumer analyst.
Bro ft, sernkou may end his final upleg unless 32 can b crossed over but i dont think so. If tmr stil unable to break, it may start to go downhill. My 2s only n trade at own risk.
CT stop smoking la. I think this Teo Seng worth considering but the volume thin.
Teo Seng Capital Berhad is engaged in investment holding and provision of management services. The Company is a subsidiary of Advantage Valuations Sdn. Bhd. The Company's ultimate holding company is Leong Hup Holdings Berhad. The Company operates in three business segments: investment holding segment, trading of pet food, medicine and other related products segment, and poultry farming segment. The Company subsidiaries include Teo Seng Farming Sdn. Bhd., Teo Seng Feedmill Sdn. Bhd., Success Century Sdn. Bhd., Ritma Prestasi Sdn. Bhd., Teo Seng Paper Products Sdn. Bhd. and Liberal Energy Sdn. Bhd. On March 4, 2011, the Company's subsidiary acquired a wholly owned foreign subsidiary, Premium Egg Products Pte Ltd (Premium Egg). On May 27, 2011, Teo Seng Feedmill Sdn. Bhd., a wholly owned subsidiary of the Company, acquired the entire interest of Laskar Suria Sdn. Bhd.
CT...Silk...m expecting it to close higher than yesterday...but 2moro a diff story...downtrend will pick up with intensity loh...Just my2c.I might b wrong....hehehe!!!
skyhawk .. tomorrow will be wave c correction for silk and hence downtrend picks up with intensity yeah ??? good good .. your prediction to buy on friday so accurate :D :D
ai chatter . . this gob really dont know what to say ... the tp for this 1 is much much more than current price ... my sakit hati counter , this 1 and wtk ... m bo chun for this 1 ... pai seh
kuya tj, c9 really good partner with u...another big foot...hehe sernkou i just testing only, dont know why today suddenly so big vol but price up 1sen only, umm...feel not so good...hehe kuya ct, thanks for the TA...morning i just testing without checking the TA...hehe
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....
Posted by Fortunebull > 2013-12-03 20:12 | Report Abuse
I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!