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It's worth noting that PBA boasts a robust net cash position of RM193m as of 30 Sep 2023, with cash reserves of RM213m against total borrowings of RM20m. PBA's book value stands at RM953.6m or RM2.88 per share.
If PBA could achieve RM150m earnings, what is the fair target PE multiple for a well-run company with high ESG score, net cash balance sheet, solid cashflow and potentially higher ROE from stronger earnings? Does it deserve a higher PE multiple?