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should be rebound to RM1.8-RM2. There will be two possible senarios: 1) Vaccine efficient and No more MCO, SCGM will rebound to RM1 to RM1.2. 2) second situation, if vaccine fail and mco delay to Q3 of 2021, then SCGM TP will be RM2.8- RM3.2
After the vaccine distributing and proved that vaccine is succussfully efficient forecast the demand of plastic packaging for food and beverage will be decrease. Because the economy started to open and no more mco. And don't forgot the price will move forward before the quarter report coming.
how sure are you the vaccine will fully eliminate covid?its a virus,not bacteria.and even so,the new norm of ppl lifestyle will change the way how ppl will takeaway rather than dine in
wei young, how about the annual profit in 2017, 2017 was pre covid and the share price go above rm3, for now onward, the profit will slowly gain back to rm35m (annual profit), so do u agree the value of this company is rm3?
yes It's possible to RM3 if the profit get sustain until Q4 (8mil per QR x4= 32mil annually). I just forecast if the mco delay then SCGM surely will go back to RM3 or even high