Wow impressive Q2 results released today which see improved revenue, net profit and net profit margin. 2H 2024 revnuee and net profit stands at RM 118 mil and 26.2 mil respectively with net profit margin improved to 22% this quarter as compared to 15% in FY 2023.

Annualised EPS = 8.8 sen.
PE ratio =19.5x.

Assume PE ratio of 30x (Ppjack and EMCC 36 and 27x), the FV for Well Chip is 30 x 8.8 =RM 2.64