Koon Yew Yin's Blog

AYS reasonable target price - Koon Yew Yin

Koon Yew Yin
Publish date: Fri, 26 Nov 2021, 12:47 PM
Koon Yew Yin
0 1,412
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin
Following Message

On 15 October, AYS share price was 88 sen when the company announced share placement of 38 million shares at 76 sen each to big investor who knew the company operation and its profit growth potential. No investor would buy 38 million AYS shares unless he knows the company’s business and its management.

How is the share placement price fixed?

According to Security Commission rule, the placement price should not be less than the average price in the last 5 trading days with a discount of not more than 5%.

Its 2nd quarter ending Sept EPS was 6.51 sen and its 1st quarter ending June EPS was 8.5 sen, totaling 15 sen for 1st half year.  All these profits were achieved during the Covid 19 pandemic MCO lockdown. Currently there is no more MCO lockdown and AYS should be able to make better profit in its 2nd half year than its 1st half year.

Assuming its 2nd half year performance is the same as its 1st half year, its annual profit EPS will be 30 sen per share.

Based on PE 3, AYS should be 90 sen.

Based on PE 4, AYS should be Rm 1.20.

Based on PE 5, AYS should be Rm 1.50.

Investors must bear in mind that AYS’ share placement price was 76 sen. 

 

AYS (5021)
Related Stocks
Market Buzz
More articles on Koon Yew Yin's Blog
How can KSL double its profit? - Koon Yew Yin

Created by Koon Yew Yin | Apr 18, 2024

After the stock closed yesterday, KSL announced its 4th quarter EPS which is 40.76 sen and its net tangible asset (NTA) backing of Rm 3.65. Its profit increased by 230% more than last year.

Why Sabah will leave Malaysia - Koon Yew Yin

Created by Koon Yew Yin | Mar 29, 2024

Currently Sabah Government does not know that solar panel produces the cheapest electricity???

Malaysia can be one of the richest nations in the world - Koon Yew Yin

Created by Koon Yew Yin | Mar 23, 2024

During my life time I saw every Prime Minister being replaced by another politician for one reason or another. Dr Mahathir managed to stay the longest time of 22 years.

Property Developers comparison - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

All property developers have just announced their annual profit for 2023. All of them reported increased profit.

My contribution as an Engineer - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.

What can KSL can do to benefit shareholder? - Koon Yew Yin

Created by Koon Yew Yin | Mar 01, 2024

What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...

All Investors require Anticipation - Koon Yew Yin

Created by Koon Yew Yin | Feb 29, 2024

After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.

Property developers share prices comparison based on latest EPS - Koon Yew Yin

Created by Koon Yew Yin | Feb 29, 2024

KSL is the cheapest in terms of PE ratio. KSL Holdings Bhd is a holding company. It is engaged in real estate services.

Malaysia’s economy will grow faster than expected - Koon Yew Yin

Created by Koon Yew Yin | Feb 26, 2024

Several economists and local industry representatives are confident that Malaysia’s gross domestic product (GDP) growth will strengthen this year, despite easing in the final quarter of last year.

KSL made a new high of RM 1.33 - Koon Yew Yin

Created by Koon Yew Yin | Jan 08, 2024

KSL price chart is super bullish as shown below. KSL last traded at Rm 1.33.

Discussions
Be the first to like this. Showing 5 of 5 comments

sensonic

UNCLE BUY GLOVES STOCK NOW. NEW VARIANT MEAN OPPORTUNITY FOR GLOVES

2021-11-28 00:27

i3gambler

Sorry to say, I think KYY should get service of experts to help in investment.

What is the point of calculating PE based on past 2Q plus next 2Q only?

What if the company make very little profit after that?

KYY should estimate / predict the company next 5 (at least) years profit.

I give an example for a company XYZ, apply a discounted rate of 8%.

1) 2022 EPS : 0.25, pv = 0.25/1.08 = 0.23
2) 2023 EPS : 0.20, pv = 0.20/1.08^2 = 0.17
3) 2024 EPS : 0.15, pv = 0.15/1.08^3 = 0.12
4) 2025 EPS : 0.10, pv = 0.10/1.08^4 = 0.07
5) 2026 EPS : 0.05, pv = 0.05/1.08^5 = 0.03
6) 2026 price at PE of 10, pv = 0.05*10/1.08^5 = 0.34

Sum up the above 6 items, fair value = 0.23+0.17+0.12+.07+0.03+0.34 = 0.96

2021-11-28 08:30

abang_misai

Apa khabar Koon?

2021-11-28 09:37

stockraider

This KYY is really desperate until he advice AYS management to manipulate the latest qtrly accounts loh!

But even if management listen to kyy, it is too late now mah, the sept qtrly accounts is already out mah!

No point manipulating the account loh...just look at serba....if business no good....no matter how u manipulate, the long run the share price will fall loh!

At the end the major shareholders, directors and management are in hot soup mah!

It is best to be honest & give a true and fair position of the company, every qtr whether the accounts will be audited or not mah!

GENERAL RAIDER ALWAYS STRESSED HONESTY IS THE BEST POLICY MAH!

2021-11-28 12:40

value_seeker

I believe his advice is all in with margin service. Any joining the call or too dangerous?

2021-11-28 12:44

Post a Comment