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Based on P/E 25 my current target price is Rm 15.00.
I want to be very safe and conservative in calculating my Target price. I assume the company does not have additional production and it does not increase its selling price for the next financial year ending June 2021, its annual profit will be 4 X 4th quarter PAT Rm 410 million = Rm 1,640 million.
EPS Rm 1,640 million divided by 1,360 total issued shares =Rm 1.21.
Based on P/E 25 my target price will be Rm 30.25.
Based on P/E 20 my target price will be Rm 24.20 which is easily achievable.
