ALAM Analysis:-
Excel – http://1drv.ms/1Hy57ui
Notes – http://tinyurl.com/q8zkjcv
My View:-
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Valuation:
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Absolute EY%
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Trailing:
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FY13 (EPS: 0.094) – Fair value 1.13 (Fair Value Uncertainty: MEDIUM)
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R4Q (EPS: 0.072) – Fair value 0.88 (Fair Value Uncertainty: MEDIUM)
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Forward:
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FY14 (EPS: 0.087) – Fair value 1.05 (Fair Value Uncertainty: MEDIUM)
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FY15 (EPS: 0.098) – Fair value 1.19 (Fair Value Uncertainty: MEDIUM)
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EPS applied to reach the current stock price (0.68): 0.056
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Absolute PE
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FY13 (EPS: 0.094) – Fair value 0.9 (Fair Value Uncertainty: MEDIUM)
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R4Q (EPS: 0.072) – Fair value 0.7 (Fair Value Uncertainty: HIGH)
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Earnings of ALAM have been highly erratic and unpredictable.
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ALAM is highly leveraged.
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Lower vessel utilisation rates will be lower in light of the volatile/weak oil price environment.
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I will give it a pass.
Latest Financial – Q3 2015 Financial Report (20 Nov 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1800009
At the time of writing, I did not own shares of ALAM.
http://lcchong.wordpress.com/2014/12/24/alam-fundamental-analysis-24-dec-2014/
lloydlim
Alam shall trade below 0.40!
2014-12-24 13:47