Its revenue of 81,029,000 and EPS of 28.49 sen compare excellently with those of the corresponding period of the previous year when revenue was 62, 679,000 and EPS was 19.05 sen. The growth of EPS shows a jump 47% while revenue improves by 29.28%. At the last closing price of RM4.75 per share, there is fantastic value for the stock.
Using the EPS of 28.49 sen and the reference price of 4.75, the forward PE works out to be 4.168. A higher PE of 6 is not unreasonable for such a solid stock. Thus my target price of 6 ringgit per share is not difficult to achieved.
This is my opinion. You don't have to agree with me.
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