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1 comment(s). Last comment by Good123 6 hours ago

Good123

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Posted by Good123 > 6 hours ago | Report Abuse

open at 50sen & above most likely :)
At an IPO price of RM0.36/share, COLFORM is priced at a trailing PER of 11.9x annualised FY24F core EPS. We ascribe a target PER of 14x CY25 EPS, a 10% premium to the peers’ average and arrive at a fair value of RM0.52/share. We believe the premium is fairly justified by its higher core net margin and ROE compared to its listed peers’ average.

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