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i3gambler

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

 

HARTA ~ Valuation by Discounted Model

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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!

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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


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