CIMB Research maintain BUY on SUPERMX. Target price = RM13.5

Date: 
2020-09-05
Firm: 
CIMB
Stock: 
SUPERMX
Price Target: 
13.50
Price Call: 
BUY
Last Price: 
0.875
Upside/Downside: 
+12.625 (1442.86%)

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newbie8080

The IBs kept adjusting higher target price.
Why can't they estimate the fair value by anticipating the peak earnings.
Foe example, putting RM4 billion profit after tax per annum based on peak earnings for this pandemic. Thus, it will generate estimated eps=RM1.40, then assigning pe=20(lowest), which will provide a target price of RM28.

Then leave it alone till the pandemic hits peak.

2020-09-06 23:14

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