Stock jumps 100+% in 2 months as 1H results point to low valuation
Nam Cheong, despite its 100% rise in the past 2 months, trades at quite a bit of discount to its peers in Bursa . Kenanga Research estimates their average PE at around 14X. A back of the envelope calculation indicates Nam Cheong trades at 2.8X this year's earnings (excluding one-offs).
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