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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).
