Bursa Malaysia Stock Watch
CNOUHUA - RHB Research fair value for China Ouhua at 69 sen
kltrader
Publish date: Wed, 03 Nov 2010, 05:23 PM
kltrader
0 20,411
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Stock Name: CNOUHUA
Company Name: CHINA OUHUA WINERY HLDGS LTD
Research House: RHB
KUALA LUMPUR: RHB Research Institute has accorded a fair value of 69 sen for China Ouhua Winery Holdings Ltd which will be listed on Wednesday, Nov 3. Its offer price is 60 sen.
'We have derived a fair value of 69 sen share after applying an FY11 target of 6x PER, which is between the weighted average FY11 PER of Malaysian F&B companies with similar market capitalisation and the weighted average FY11 PER of three out of four Chinese shoemakers,' it said.
RHB Research said Xidelang was not included as there were no forward earnings estimates. Its fair value implies an upside of 15%, although it noted that Ouhua offers attractive dividend yields of 5.1-6.6% p.a. for FY10-12.
Company Name: CHINA OUHUA WINERY HLDGS LTD
Research House: RHB
KUALA LUMPUR: RHB Research Institute has accorded a fair value of 69 sen for China Ouhua Winery Holdings Ltd which will be listed on Wednesday, Nov 3. Its offer price is 60 sen.
'We have derived a fair value of 69 sen share after applying an FY11 target of 6x PER, which is between the weighted average FY11 PER of Malaysian F&B companies with similar market capitalisation and the weighted average FY11 PER of three out of four Chinese shoemakers,' it said.
RHB Research said Xidelang was not included as there were no forward earnings estimates. Its fair value implies an upside of 15%, although it noted that Ouhua offers attractive dividend yields of 5.1-6.6% p.a. for FY10-12.
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
4
TA Sector Research
5
Good Articles to Share
7
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
