Amazing Q2 results of Steelhawk which see it's net profit improved by 55% to RM 6.23mil. Annualised net profit will be RM 12.46 mil as compared to FY 2023 net profit of RM 7.2 mil.

Net profit margin also increased to 16% vs 11%.

EPS = 12.46/490 =0.0253

PE = 0.15/0.0253 = 5.92x

FV
PE 10x =25 sen
PE 15x =38 sen

Peers Listed in Bursa

Dialog PE 23x (PAT margin 17%)
Dayang PE 8.8x (22%)
Deleum PE 9.8x (10%)
Uzma PE 8.6x (7.6%)