KokNeang Chan's comment on BNASTRA. All Comments

KokNeang Chan
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PM% for Q1/2/3 is 10.1/9.9/9.1, dropping
+60 112*****18
However, based on past few qtr results, It shown BNAstra has successfully to turnaround by focus on construction biz.
More than 3b or outstanding order book, which can sustain for next 3 to 4 years.
Management shows the capability of getting new jobs, with 3b of new job orders in 2025.
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KokNeang Chan
Even though PM% is dropping, I like the growth for hers capability to get new orders, the leap in revenue and net profit for past eight quarters (more than double annually).
Expected FY2025 Revenue will be in the range of 950m - 1000m, and Net Profit will be in the range of 95m - 100m, translated into PE 20 at current price 1.80.
Expected FY2026 Revenue will be ~ 1500m, and Net Profit will be ~ 150m, translated into PE 13 at current price 1.80.
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KokNeang Chan
I think Bnastra deserved value at PE 25, looking at the leap growth
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