Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Why are you so shy to increase today as compared to other O&G peers?
Why are you so calm with so litte volume while international oil prices rocketed significantly after Israel strikes Iran?
The newly listed Richtech increased by almost 50% today and recoup the IPO issue price.
The same story will repeat to Saliran very soon this week. The share price should easily hit 35c after passing the IPO price of 27c since the shares have been well accumulated.
Current PE below 5x is way too...... low.
Given the latest FY24 profit (67m) approximates the average of FY17 and FY18, would believe the historical price will follow, with target of Rm1.5 (based on historical price range of 0.7-2.3 btw FY17 and FY18).
2025Q1 profit of Rm25m was attributed to enhanced operational efficiency, particularly in the air freight and courier and logistics segments.
An undemanding forward PE of 12x is derived based on the current market cap of Rm1224m and assuming Rm25m quarterly profit is sustainable over the next 2-3 quarters.
Given the new prospect, should the PE be set at 20x, the target price would be 85 sen.
