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If you really want to count right you take back the earnings pre covid-19 and compare to the average share price. You will get around P/E of 10. Assuming everything back to pre-Covid 19, take 20 sen EPS for a year an example it will get you to RM2 already. This is like the most conservative method already. Anything below RM2 is like a bonus. Of course you make sure the money you invest is money you don't need, else it would be hard to keep a rational mind.
This stock fair value is ard 0.90 to 1.00 before covid time. Assuming after covid worst scenario is going back to RM1 level. Since now alrd 1.90, those buy from peak shld hold and wait. No make sense cut at this moment. If want cut shld cut when drop below 4 or at least below 3 time shld immediate cut
I just dun want see people hard earn income buta buta burn without reason. This price cut almost can say hailat if buy from peak, why not hold wait and see any signal can attack up