Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Imputing for ASP hikes
1Q20 results were within expectations. The present tight supply situation has led to sector-wide ASP hikes and long sales visibility until 1Q21. We raise our FY20-22E EPS by 100%/55%/59% on higher ASP and volume assumptions. We now project for its net profit to jump 2.4x in FY20E and fall 16% in FY21E as tight supply may ease post-COVID 19. Our TP is raised to MYR9.50 (+61%), based on 27x CY21E P/E (from 26x), being its latest +1SD to 5-year mean. Maintain BUY.
https://mcc
Serbadk, recently I got bought some at 1.61 twice cut loss by drop a few cent. Because haven't reach the time. Then, I success to buy at 1.62 again and sold at 1.87. I realized that is a very strong resistance at 1.9x