Is Plabs going through corporate exercise?

In term of valuation and it’s industry.  We like Plabs at PE 15 to 20 times.  In term recent profit if consistent with the next few quarters will push it’s PE down and potentially RM 0.40 only reflect PE of 10 times.  But we have with both Plabs and Sunzen for a very long time.  We suspect a corporate exercise may be on its way.  But we sold 10% of our holding at RM 0.320 today.  We will sell further when price trading upwards.  We see RM 0.40 can be a reachable target for short term.

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