The latest quarter result is deemed satisfactory, much better as compared to last quarter , I believe the performance of this company can only be better , the worse is over .
For those that invest in this company, what is the target PAT for FY 2019? Valuation is super high at 100x PE based on 12m PAT of RM23.6mil. Even if they double their profit (which i doubt), PE would still be 47x.
@commonsense: For those that invest in this company, what is the target PAT for FY 2019? Valuation is super high at 100x PE based on 12m PAT of RM23.6mil. Even if they double their profit (which i doubt), PE would still be 47x.
This is a more realistic outlook for this company:
"Bond redemption by SAP Express. GDEX’s subscription of convertible bonds worth IDR30b (or approximately RM10.4m) issued by SAP Express will be redeemed upon the listing of SAP Express in October 2018. As per the preliminary prospectus, SAP Express plans to utilise 61.5% of the IPO proceeds which equals to IDR67.2b (nominal value: IDR30b, redemption premium: IDR37.2b) to redeem the 5-year convertible bonds subscribed by GDEX in November 2016. While this indicates that GDEX will not be able to convert the bond into shares of SAP Express, management guided that both parties will work out another form of collaboration. Aside from Indonesia, GDEX is also looking at other ASEAN countries to expand such as Vietnam and Cambodia."
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Post1
94 posts
Posted by Post1 > 2018-08-09 11:57 | Report Abuse
Hopely next year ada bonus issue lagi. Will push up slowly