Affin Hwang Capital Research Highlights

MISC - Still undervalued

kltrader
Publish date: Mon, 08 Apr 2013, 11:26 AM
kltrader
0 20,645
This blog publishes research highlights from Affin Hwang Capital Research.

MISC; Do Not Accept;
Offer price: RM5.50; MISC MK


Revised offer of RM5.50 is priced at only 1.1x book value or -1SD of its 10-year mean. The offer is below Independent Adviser’s SOP-based valuation range of RM5.69 to RM6.10. Undervalued given earnings recovery, world class assets and potential for new LNG and oil & gas projects.

Source: HwangDBS Research - 8 Apr 2013

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment