Rhonema – a new listed Vets worth to take a look

With its earning ratio and prospect. We believe RM 1.20 will be a fair value for a Vets related company with min. 10 times of its PE.  A 10% grow of revenue and profit will drive the fair value to RM 1.50 in next financial year.  We bought some at RM 0.825. As of the last closing price today is RM 0.925. We recommend to buy whenever the price pull back and as long as below RM 1.00