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VIP makes record profit of $3.64m in Q3 2020, page-3

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drainer

1,330 Posts.

275

05/10/20

11:43

Post #: 47852461
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Originally posted by Furnaces: ↑

I can't believe they had to slip this line inside the 2020 annual statutory report.

This is a BIG POSITIVE and they should make a separate announcement on this!

I can't understand why the management didn't do so.

2020 Q3 net profit of $3.64m is just a taste of what's to come. ASP in Q4 is estimated to be a lot higher than Q3.

For simple calculation, $3.64m profit for Q3 will annualized to be $14.56m for a year.

At market capitalisation of $57.41m, we are trading at just 3.9 times annualized PE?
This is crazy low valuation as most peers are trading at easily more than 25 times forward PE in KLSE and SGX.

Thanks to @startrek for highlighting.

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Plus they are still owed $8,000,000, that's right 8 million dollars, from the sale of buildings, another 1 cent per share.

VIP Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
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