Undervalued Stocks

I thought HTPADU worth RM10 (About 10 times the current share price)

samheong78
Publish date: Tue, 24 Sep 2019, 09:21 PM
samheong78
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Following Message
https://www.freemalaysiatoday.com/category/nation/2019/09/24/penangs-smart-parking-system-all-good-after-early-hiccups/
 
The below maths are based on information from above URL
 
Parking rates in Penang 80 cents an hour
12 hours of chargeble parking for 1 day
There are 36000 parking bays
There are 25 days chargeble of parking in a month (excluding Sunday)
Hence monthly income from the parking is 
0.8 * 12 * 36000 * 25 = 8.64 million
One quarter of earning = 8.64 * 3 = 25.92 million
HTPADU took 65% profit sharing = 16.848 million
Assumming only 70% of users actually pay the parking
One quarter of earning = 0.7 * 16.848 million = 11.7936 million
converting into EPS almost about the same as 11 cents
Annualised that become 44 cents
If we pegged HTPadu at 20 X EPS, means fair value about RM9
Thats only from the parking alone. How about other profitable business like Mypay which will launch soon?
How about other mega projects that might be awarded to HTPADU as well?
HTPADU (5028)
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Discussions
5 people like this. Showing 12 of 12 comments

moniekj

HTpadu is too heavy. I rather park my money on ORION.

2019-09-24 21:55

moniekj

Cimb targeted Orion at 0.33 base on ASAP and Myazzahra income. Now it has another income stream, loan processing fee for SME banks.

2019-09-24 22:02

Sales

Better park at Asia pac, super value. NTA RM1.00

2019-09-25 08:32

Icon8888

Buy buy buy

Parking concession will go RM10

SKIN and e payment will go RM80

Huat already can Buy Mercedes buy bungalows

2019-09-25 09:14

speakup

knm still be best

2019-09-25 09:24

Haw Liao

if ur dream come true better load up hengyuan tp rm40

2019-09-25 11:03

Haw Liao

i also can say hengyuan worth rm40...

u wish

2019-09-25 11:04

tumbler

Dreaming!

2019-09-25 11:56

value88

The above calculation has following flaws :
I) Author assumes 36000 parking bays in Penang will be occupied the whole 12 operating hours, which cannot be the case especially at out-of-town areas. In addition, the charge-able hour is not 12 hrs but less than that.
ii) Author didn't take into account the maintenance and operating costs incurred and merely take the 65% profit sharing and converted it into EPS.

The exaggeration like this would cause the person to lose his/her credibility.

2019-09-25 15:21

value88

I just read HTPadu's quarterly report to find out more info. My findings is it is one of the worst quarterly report I have came across..
The report is not informative, Bursa should reject such kind of quarterly report.

2019-09-25 16:04

BillyK

ha ha ha

2019-10-10 11:09

ongth60

Please take a look the app Penang smart parking before deciding to invest in such company

2020-09-01 11:14

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