KLSE (MYR): MYEG (0138)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.915
Today's Change
0.00 (0.00%)
Day's Change
0.91 - 0.925
Trading Volume
61,638,700
2024-08-12
2024-08-12
2024-08-12
2024-08-12
2024-08-12
2024-08-12
2024-08-10
2024-08-09
2024-08-09
2024-08-08
2024-08-08
2024-08-07
2024-08-07
2024-08-07
2024-08-07
2024-08-07
2024-08-07
2024-08-06
2024-08-06
2024-08-05
scholez18
87 posts
Posted by scholez18 > 2020-02-11 13:35 | Report Abuse
Recap my assessment back in Jan: MYEG is that it will have no problem growing EPS at minimum 20% p.a. That is very conservative considering growth has been 30-50% for the past 6 years.
With a DCF valuation of 20% growth and PE of 20, I value MYEG at
2-year horizon: rm1.90/share
5-year horizon: rm3.30/share
Growth spurred by aggressive tailwinds in high population countries Philippines, Indonesia, and Bangladesh.
With gross margin at 50% consistently past few years, profits would need to tank 50% in order to make a loss. And risk of that happening is lower than 5% for me as government services is a sticky business and has high cost of change.
At current price of 1.12, this is hugely attractive for medium-long term investors with significant margin of safety of at least 50% in my view.
---------------------------------------
Still a long runway upside!