Posted by sbg3106 > 2015-07-25 21:52 | Report Abuse

equitywhiz, what can you provide if we email you?

Posted by EquityWhiz > 2015-07-25 23:25 | Report Abuse

I will provide the analysis in a PDF format. Also, I may or may not post all of my analysis here. Drop me an email for more details. Thanks.

Posted by tankle > 2015-07-26 20:38 | Report Abuse

how many percent of revenue in usd?

Posted by RosmahMansur > 2015-07-26 20:42 | Report Abuse

How did u derive the TP of RM 2.93 as the intrinsic value is just RM 1.40?

Posted by equitywhiz > 2015-07-27 01:12 | Report Abuse

Hi tankle, their annual report did not explicitly mention their USD exports amount. They did however, provide the sensitivity analysis for their forex risk. A 3% strengthening of USD/MYR will result in PAT of +326920 (1% gives +108973). Knowing that 1% increase gives profit of +108973, then their exports must be 108973*100=10897300. RM 10,897,300 represents approximately 54% of their profits for FY2014. A reasonable estimate.

Hi RosmahMansur, my TP takes into account future growth of its profits, hence my holding period is until end of August 2016 (as mentioned in my analysis). Forward P/E with EPS 21 cents (I'm expecting earnings to double) and a P/E ratio of 13 should give at least RM 2.730 already. How did you value it at RM 1.40?

Posted by tankle > 2015-07-27 22:27 | Report Abuse

thanks for your info :)

Posted by Wikiileaks > 2015-07-27 22:32 | Report Abuse

Good work so think! More data more clear