Earning will be enhanced to higher level toward EPS of RM0.25 to RM0.30.
It related subsidiary company-FIMACOR (3107) posted better quarterly result and contribute EPS of RM0.05 for KFIMA quarterly. Hope to see the items improve:
1. EPS from 0.20 to 0.25 / 0.30
2. cash per shares from 0.48 to 0.55 ( increase 0.07 per quarter), whole year cash per shares could be RM0.70 per shares.
3. retained earning improved from RM48 million to RM68 million.
Target Price: RM1.75 - RM2.10 based on PE 7X.
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