At the time of AU’s IPO in 2017, it was valued at 4.5x one-year forward book and got listed at 6.6x one-year forward book. So we are getting a high-quality franchise at a steep discount to its listing valuation for solid earnings growth ahead. Find out why MC Pro believes long-term investors should buy the stock.
first published: Apr 4, 2022 08:58 pm
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