1Q24 eps 2.6 sen, annualised 10.4 sen (2.6 sen x 4). Peg PE of 30x, fair value RM3.12. Even discounted 25x pe (based on RHB) is already FV RM2.60. Well chip will be the largest listed pawn broker in bursa - market cap >RM1b. Many funds will enter and chase!

Earnings will more than double…

In the Current Quarter, we sold 757,062 bbl of oil, and we expect to deliver approximately 2.5-2.7 million bbl of oil for FY2022 from North Sabah and Anasuria. In the event the Proposed Acquisition is completed by the end of CY2021, we expect to add an additional 3 million boe of oil and gas to the above estimate.

Good indication. Issue notes instead of new shares. Less dilution

Wow momentum good!