Wednesday, March 25, 2009

Axiata

Can anyone tell me what is the estimate net profit for the next 12 months for this stock ?

Last 12 months
Net Profit RM 471 million
EPS 13 sen

If I presumed the next 12 months of TMI is the same, then TMI will be trading at PE 15 at trading price of RM 2.00 !

Why should I pay more than RM 2.00 for something with PE more than 15 ?

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