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sheikhupura
Oct 25, 2023 1:37 PM

PRIME overvalued and heavily undervalued intrinsically. Long. Long

PRIME ROAD POWER PUBLIC CO LTDSET

Description

Book value at 0.76. Fair Price at 0.90. Intrinsic value still between 0.87 and 1.17. Prediction/target at 1.06 within the year according to chart pattern as long as Q3 has fair results (cannot over-expect since there it is the energy sector's low season). If PRIME solves it's problems and there is good financial lubrication expect at least 100% gains. Worth the risk. Long.

Comment

Just noticed my title is moronic, I meant to type Oversold.

Comment

After Q3/23 results, I maintain intrinsic target at 1.06-1.08. Albeit a minor loss, annual sales have reached target as well as an improvement in the balance sheet. All it requires is better market conditions so liquidity may be injected at a time where investors feel comfortable with the risk taken. Very interesting play.
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