Someone recommended that I buy IPS Securex at 46 cents. I checked the latest results and was not persuaded.
The company reported only S$910,000 net profit in 1HFY2015. It has about 160 million shares after a stock split. The eps is about 0.6 cent a share. Needless to say, the PE is very high. People are paying a high price on expectations of very high earnings.
RHB forecastd S$8.5 m in net earnings for FY2015. Really can make it? $7.6 m in 2H of FY2015? Tall order, my friend.
