KFIMA subsidiary FIMACOR reported outstanding result for its 3rd quarter result. Therefore, estimate FIMACOR will contribute around RM14 million profit to KFIMA. If add other business segment e.g plantation (expect to be better result thant last quarter), I think for last quarter, KFIMA can reported EPS of at least 7.4 sen ( annualised EPS of 0.25-0.29 sen).
Target price of RM2.00 given based PER 8x based of EPS of RM0.25. For higher band can move up to RM2.50-RM3.00 for mid-term target.
No comments:
Post a Comment