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Ecolite Biotech is providing a two-year profit guarantee of RM10 million, while Yanming should contributing profit after tax of not less than RM3 million over the next two years.
Kucingko Bhd Target Price: RM0.585 with 95% Upside – Malacca Securities
The fair value of KB is ascribed at RM0.585, derived by pegging a forward P/E of 21.0x to the FY25 EPS of 2.79 sen. This forward P/E is justified as it aligns with the average current P/E of selected international peers in the 2D animation production industry. Given the current share price of RM0.30, this represents a capital upside of 95.0% and a total return of 97.9% including the dividend return.
On May 28, Chew Hian Tat, group managing director of CGB, bought 14.15 million shares of Ecofirst Consolidated Bhd off-market, bumping up his stake to 5.35%. What is brewing next?