MSM earnings turnaround is REAL.... Here is 3 reasons why I think it can go to RM1.60 which is double current share price of around 80 sen.
1. Most of their RM56m in 4Q20 is repeatable, meaning not much one off. You can check for yourself here
https://www.bursamalaysia.com/market_information/announcements/company...
https://www.bursamalaysia.com/market_information/announcements/company...
2. New management seems to be serious in turning around company. See the news below.
https://www.theedgemarkets.com/article/msm-group-ceo-sacked-after-unac...
3. RM56m one quarter means one year can do around RM224m. To be extra safe, I give 5x PE to get RM1120m.
As the Company has 703m shares, RM1120m / 703 = RM1.60...
https://klse.i3investor.com/servlets/stk/5202.jsp
