Fundamentally :
For Gloves Sector, Kossan we look at previous historical PE
2015 PE : 29.37
2016 PE : 25.03
2017 PE : 28.42
2018 PE : 27.63
2019 PE : 23.68
2020 FPE (Forward PE) prediction is roughly 6, current PE at 17.
No doubt, fundamentally at this price, and upcoming 2-3 quarters of expected breaking historical highs PAT for Kossan.
The risks to reward now to trade at these prices now is a no brainer~
Average Price Target by Analyst : 7.94 MYR, Represents 96% Upside.
It have dropped from Oct Peak about 50%, Fundamentals remain intact, infact is STRONGER due to Covid 19 sharp rise in cases worldwide.
Technical Analysis
Bullish Pin-Bar appeared today, Rebounded at Strong Major Support, Target Good Entry Point with good Risk-to-reward
For Gloves Sector, Kossan we look at previous historical PE
2015 PE : 29.37
2016 PE : 25.03
2017 PE : 28.42
2018 PE : 27.63
2019 PE : 23.68
2020 FPE (Forward PE) prediction is roughly 6, current PE at 17.
No doubt, fundamentally at this price, and upcoming 2-3 quarters of expected breaking historical highs PAT for Kossan.
The risks to reward now to trade at these prices now is a no brainer~
Average Price Target by Analyst : 7.94 MYR, Represents 96% Upside.
It have dropped from Oct Peak about 50%, Fundamentals remain intact, infact is STRONGER due to Covid 19 sharp rise in cases worldwide.
Technical Analysis
Bullish Pin-Bar appeared today, Rebounded at Strong Major Support, Target Good Entry Point with good Risk-to-reward