All time high doesn't mean overvalued. Overvalued when its share price higher than its intrinsic value. To determine whether overvalue, we need to understand how much it worth. Then you have to look at the forward earning, how much MFCB can earn in future? haha

U must see the future coming cash flow from mfcb project, based on company's prospect, second half of 2020 will be the best QR for 2020, lets just assume company can only earn 81m for next every QR, and projected next 4 QR EPS will be 0.7287 sen. Based on Ben graham formula, its fair value will be rm11.22, graham number will be RM8.64. This calculation still havent included future expansion or potential biding in lss4.