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PBA is a no brainer BUY. Why?
Historically since listing in 2002, PBA more or less traded around RM1.00 but back then annual EPS was around 10sen on average. So in a way, you could say market has valued this stock at about 10x PE.
Now PBA is generating more than 10sen EPS per quarter, or 40sen annually. At 10x PE, PBA is worth RM4.00 at least.
It also has net cash of RM230 million +, which makes valuation even more attractive when compared to its market capitalization of about RM800million+.