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Target price = 1.6
Cloudpoint is a potential growth stock that you cannot missed amid super data center trend. Last QoQ revenue growth is 11%, I believe the company will continue sustain 10% growth every QoQ. Let say;
Q1 34.7M; Q2 38.1M (+10%); Q3 41.9M (+10%); Q4 46.1M (+10%)… Projected 2024 annual revenue will be RM161M, provided maintaining promising 15% profit margin, 2024 net profit will be RM24.2M. 2024’s EPS = 24.2M/531.6M = 4.5sen.
By reference tech stock average PE around 35x, target price = 35 x 0.045 = RM 1.59! Good luck Cloudpoint!!!
Considering the coming ESOS which dilutes and the coming depreciation, amortization after the M&A, Investors have to ensure a certain amount of MOS, 10%, 20%, in the vicinity of the peer's MOS 32.85% (INFOTEC) or more since the Q3 result of CLOUDPT is very much falling behind INFOTEC?