Author: i3gambler   |   Latest post: Sat, 13 Feb 2021, 4:15 PM


HARTA ~ Valuation by Discounted Model

Author:   |    Publish date:

1) I use EPS instead of DPS, as I believe the earning if not 100% distributed to shareholders will be invested for company future growth.

2) The formula for discounting is as shown below.

3) When things are back to normal, if market give a fair PE ratio of 40 times to HARTA, then HARTA's present fair price is RM14.63.



What if the market like HARTA very much and give a fair PE of 60 times?

The fair value is RM19.68.



What if the market give only a fair PE of 20 times?

The fair value is RM9.59.



Discussion and Notes:

1) What about those call warrants of HARTA, issued by CIMB? All are very expensive because both HARTA's price and volatility have dropped quite a lot. 

2) I currently don't own any HARTA share or all warrants, and will not buy in near future.

3) Last time I thought of investing some money in glove stocks for security and hedging purpose. However, as KLK has already ventured into medical gloves, and I am holding KLK's parent BKAWAN, so no longer need to buy glove stocks.

4) Very important, must say three times...... Invest at your own risk! Invest at your own risk! Invest at your own risk!

Share this
Labels: HARTA

Related Stocks

Chart Stock Name Last Change Volume 
HARTA 10.00 -0.14 (1.38%) 13,140,200 

  supersaiyan3 likes this.
supersaiyan3 Well done.

For discussion purpose, my valuation slightly differ on 1) material cost increases 10% m-o-m FY21, 2) ASP increases 30-50% q-o-q. However, the NPV is still within the range.
16/01/2021 1:37 PM
i3gambler Thanks.
16/01/2021 3:26 PM

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards

442  660  559  944 

Top 10 Active Counters
 DNEX-WD 0.375+0.025 
 DNEX 0.72+0.005 
 XOX 0.090.00 
 GFM-WC 0.075+0.035 
 SIGN-WA 0.10+0.03 
 MPAY 0.23-0.035 
 PUNCAK 0.475+0.09 
 MSM 0.98+0.125 
 MTRONIC 0.08-0.005 
 ITRONIC 0.48+0.095 


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!


1. Monday Limit Up Lah! RM3.8B Project Win!!! VIVOCOM RETAIL POWER RALLY GO GO GO!!!!
2. Stock Pick Year 2021 - 26 Feb Result Stock Pick Contest Year 2021
3. Vivocom March Super Bull Run !!! Covid Trader
4. TOPGLOV applies for dual primary listing on Hong Kong bourse gloveharicut
5. Purchased Top Glove - felicity Good Articles to Share
6. Vivocom 3月超强牛市!!! VIVOCOM RETAIL POWER RALLY GO GO GO!!!!
7. [转贴] [Video:浅谈DAGANG NEXCHANGE BHD, DNEX, 4456] - James的股票投资James Share Investing James的股票投资James Share Investing
8. Vivocom March SuperBull Run !!! Covid Trader