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THE FUNNIEST THING ... and its a big mistake by Macquarie... look at the table for projections. The first table was by on the upgrade to TPRM30.40. The estimated revenue for 2021 and 2022 were RM12.14bn and RM7.413bn respectively. Reported profit for 2021 and 2022 were RM4.646bn and RM850m respectively.
THE DOWNGRADE REPORT projected revenue for 2021 and 2022 to RM19.058bn and RM9.023bn respectively. The expected profit for 2021 and 2022 were RM10.259bn and RM2.022bn respectively.
How da-macha? The massive downgrade report had a substantive upgrade in revenue and profit. SUDDENLY the valuation parameters changed???
It is not even funny, when within 15 days one can revised the profit UPWARDS from 4.64bn to 10.259bn ( 110%) for 2021 and from 850m to 2.022bn ( 138%) for 2022 ... and at the same report downgrade the TP from RM10.13 to RM5.40 (-46%).
anything from mc curry , I won't subscribe or buy , transparency as got live metric so call the most transparent one , I doubted how the actuaries people come out the cw.