Why?
1. Strong shareholders- LTAT, Boustead and Bank of East Asia (HK)
2. Public spread - major shareholders hold most of the shares and easy to "push" when any annoucement is made.
3. PE - low PE (8X based on RM1.93), industry PE is 14X for 1st tier bank. IF, given PE of 10X, price may move to RM2.40. PE 12X, target price RM2.88
Any Risk?
Strong shareholder back-up. Don't worry.
If you are looking at 14-20% return within 3 months...Good TRY
No comments:
Post a Comment