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RM4.23 (RM347 market cap) at industry average of forward PE 30x, the stock market expecting in the next coming years, the company will bring an estimates of rm11.5mil annually, ard 2.875mil Quarterly. Last Q4 net profit was rm1.1mil. Taking into account drilling rig, gas pipelines projects with JV with h3 dynamic for solid state hydrogen and UAV potential, the market believes PJbumi can achieve rm2.9mil per quarter net profit within the next 3-4yrs
Liquidation value at 4.5c/shr (remove IMTN and owed to JPJ, remove all the software assets intangibles), put penalty of 30% of margin of safety -> 3c/shr would be a good price to enter
np q1 6.08m q2 7.35m, avg of 6.71m, conservative estimates fwd np 26.86m FY26 -> fwd pe 6, if valuation catches up to fwd pe of 10, then price expected to reach 0.355 at the very least
