Now with highest quarterly nett profit yet & dividend announcement, we should expect the usual from Pecca. The price will drop while big players collect. Long term investors will really do well with this company & where it's headed.
I expect short term at RM1.17 & long term around RM1.42-1.45, but as usual it's gonna go up & down while big boys collect. Once the Aviation arm seals a deal, then we can see a real surge. Either way, she's set to move up in the long run. Just my 2 cents.
From a ROE perspective, this has been trending up since 2020, but so has the market price. It is now trading at more than 3 times its book value. I would consider this high for a brick-and-mortar company.
Short term target RM 1.17 reached. Now let's see if it can reach the long term target of RM 1.42-1.45........High chances price will dip in coming days (profit taking from speculators) before rebound. Long term investors can sit back & relax.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....