TCS

TCS

Postby winston » Tue Dec 08, 2020 8:44 am

not vested

TCS — Growing orderbook in construction

Target price: RM0.70

Growing orderbook since July 2020 after listing having secured RM537.7 million new projects with a total outstanding orderbook of RM898.27m with earnings visibility for 3 years.

Proposed strategic acquisition of 25% stake in Southern Score Sdn Bhd (existing client in property development) for RM30 million via issuance of 60 million new shares at RM0.50. It comes with an aggregate profit of RM60 million over 3 years (RM5 million for TCS based on 25% stake).

Corporate exercise sweetener of one free warrant for every two shares

Tenderbook of over RM2 billion, with order book expected grow to over RM1 billion

Target price of RM0.70 based on 9 times price of earnings ratio FY21

Source: The Edge
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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