Tuesday, July 5, 2011

AFG.Target Price RM3.60?

AFG ( Stock Code 2488) : Alliance Financial Group:

EPS = 26.4 sen
PER = 12.19x
BV/Share = RM2.165
P/BV = 1.48X

IF AFG become the next target takeover /merger candidate, based on the existing BV/share and P/BV of 1.6x-1.8x, the share price may touch RM3.45 to RM3.90 ( potential 7.5%-14% upside)

Suitable for defensive investors who looking for safe investment.

GOOD LUCK !

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