Posted by JT Yeo > 2016-01-11 10:08 | Report Abuse

My layman way of valuation

Moat: No
Valuation at Net Asset = $0.48

ROIC: 17% (2014)
Valuation at ROIC = $0.48 x 1.7 = $0.82

Free Cash Flow: 11.2 mil (2015) x 8x = 90mil = $1.17

DCF: EPS$0.13. WACC 10%. Growth 5%. Terminal 3% = $2.22


Valuation range: $0.48-$1.20

Posted by pedestrian > 2016-01-15 18:54 | Report Abuse

I think the projection of the whole year profit is over-optimistic, polyplas rely much on e&e. The best quarter should be last quarter and is going to slow down in at least next 2 quarters, so the whole year profit for GeShen should be around 20 million or less.

Posted by paperplane2016 > 2016-01-18 13:54 | Report Abuse

haha, what a cruel fact JT Yeo put it....RM1.20 omg!

Posted by paperplane2016 > 2016-01-19 12:26 | Report Abuse

天时， 地利， 人和??

Posted by goreng_kaki > 2016-02-27 12:18 | Report Abuse

Hahahahas

Posted by paperplane2016 > 2016-03-08 15:44 | Report Abuse

GESHEN - 天时， 地利， 人和 - YiStock

Posted by paperplane2016 > 2016-03-08 15:44 | Report Abuse

hehe, good title