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My top 3 stocks with 100% upside potential

1. TCS GROUP HOLDINGS BHD (0221) — Growing orderbook in construction

Target price: RM0.70

— Growing orderbook since July 2020 after listing having secured RM537.7 million new projects with a total outstanding orderbook of RM898.27m with earnings visibility for 3 years.

— Proposed strategic acquisition of 25% stake in Southern Score Sdn Bhd (existing client in property development) for RM30 million via issuance of 60 million new shares at RM0.50. It comes with an aggregate profit of RM60 million over 3 years (RM5 million for TCS based on 25% stake).

— Corporate exercise sweetener of one free warrant for every two shares

— Tenderbook of over RM2 billion, with order book expected grow to over RM1 billion

— Target price of RM0.70 based on 9 times price of earnings ratio FY21

2. AirAsia (5099) — Travel restriction to lift on vaccine development

— Successful development of vaccines will lift cross-borders travel restriction and worldwide travel ban

— While share price is in consolidation mode now following the previous run, Rakuten expects buying momentum to resume as it is a potential recovery play

3. Genting (3182)— Earnings recovery seen moving forward

— Its plantation business under Genting Plantation is expected to benefit from rising crude palm oil prices, while Genting Singapore is expected to see earnings recovery due to well-controlled Covid-19 cases in the country.

— Chart-wise, share price is trading above all key moving averages line, which is a good sign

full list:



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