Hi readers,
Update on my analysis posted on the 23rd of June 2021. Link to post here.
The first price target of US$5.635 based on 0.25x PB (Pre-covid Level) has been achieved today.
Investors can look to lock in some profits here. Personally, i will be selling off 50% of the holdings and hold the other 50% just a rough guide.
Next level:
Assuming political risk eliminated trading at a PB of 0.4x, target price is $6.44 (Potential 14.28% upside)