Below are the high target price stocks. I don't know how these target prices are being derived. Look at Benelac, for the past 3 or 4 years, the target price was very high by some brokers, but I don't think then stock price has performed near the target price. Maybe I was wrong because I didn't really follow and monitor closely.
Benelac share price RM0.535, target price RM1.98 by Affin Hwang Capital = 270% upside !!!!!
MKLand share price RM0.325, target price RM0.80 by Public Bank = 146%.
Bumi Armada RM1.04, target price RM2.35 by CIMB = 125%.
Uzma 1.35 , 3.81 CIMB = 182%.
SKPetro SapuraKencana 2.28, 6.84 CIMB = 228%
What does it mean? Does it mean that if we buy now, keep one to three years can make 100% to 300%. Even if we discount some, still can make 200%.
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