Ranhill has never been the darling of the Malaysian investing community. It continues to fall below its revised IPO price of RM1.20 and is currently trading at its all time low of RM0.725. I am not here to put up a case for Ranhill but rather to set out the facts as far as they are publicly available.
It has just announced its latest quarterly result, with latest quarterly EPS of 2.84 cent. At trailing 12-month EPS of 8.15 cent, it is currently trading at a commendable estimated earnings yield of 11.24% p.a
What about its prospects?
Unless there is something that has not been disclosed in this announcement, prospects of the Company do not appear to be bleak.
Should investors continue to shy away from this company? Only time will tell…
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