Recent market down turn provide opportunity to accumulate KFIMA.
If the merger between FIMACORP and KFIMA materialised, then the valuation for KFIMA will be revised.
Estimated EPS = atleast 30 sen and potential future dividend will be atleast = 15 sen.
Target Price based on Dividend Yield of 6% = RM2.50
Target Price based on PER of 7X = RM2.10, PER of 8X = RM2.40
Focus on the target and work on your capital in hand to accumulate this counter!
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