Both revenue and profit back on track for Tomei after an up and down year for them due to Gold price drastic fluctuation. 2.96 Cents EPS will give a indicative PE back to around 5 times. However, the current stock price trading much lower that its NTA. Is still a long term buy to me. When Gold price go through its correction cycle. We see Tomei will come back to re-test its new high with a min target price of RM 1.00
Leave a Reply