DRBHCOM’s share price has been on a gradual rise since May 2010 along with the return of volume.
Chart wise, bullish mode remains intact as it penetrated the critical resistance at RM1.32, which has failed for several times. Daily RSI is getting closer to overbought level. I think it may break the next resistance today and subsequently may enter a minor pullback until it finds the next support. Next resistance is at RM1.60-RM1.80. Support is at RM1.32.
Simple Maths
Stock Code | Trailing 12 months EPS | Last Price | Trailing P/E |
DRBHCOM | 34 | 1.43 | 4.21x |
SAPIND | 26 | 1.16 | 4.46x |
YOKOHAMA | 11 | 0.705 | 6.41x |
NHFATT | 30 | 2.26 | 7.53x |
APM | 61 | 5.20 | 8.52x |
PROTON | 46 | 4.88 | 10.61x |
UMW | 53 | 6.91 | 13.04x |
TCHONG | 34 | 5.46 | 16.06x |
Among the automobile related stocks as mentioned above, DRBHCOM is trading at trailing P/E 4.21x which is below the others. In addition to its current dividend yield of 2.80%, Do you find it attractive?
Let say
If RM1.60, P/E 4.71x
If RM1.80, P/E 5.29x
If RM2.00, P/E 5.88x
Based on the resistance range, P/E lies between the range of 4.71x and 5.29x, which is still below the others except SAPIND.
And now, What do you think?
Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
From the table shown, DRBHCOM and SAPIND looks cheap from PER view. May I ask do you think the market is correctly giving the huge discount? E.g. DRBHCOM maybe due to Related Party Transaction issue in the sister company. For SAPIND I am not sure.
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