From the disclosure, this private placement is the sale of shares by major shareholder ie Hong Leong Financial Group, not company private placement. Normally these shares are sold to proxies or friendly parties(left pocket and right pocket) and price has not much meaning.
Hong leong is a stable and well managed group. Investing in hong leong shares must have patient and not suitable for contra players. Probably still have old shareholders got locked for 5 years still selling. Its results should be very good for last quarter and this quarter, judging from daily volume of bursa.
TA $0.605 PE-5 (EPS: mar20 -8.68; jun20 -2.46; sep20 ??)
Based on Bursa/Apex Q3 results, we can assume 40% improvement on Q3... and calculate the forward PE for HLCAP after 27 Nov release results... it would be around forward PE12 at current price...
good company but not many people is buying . May be due to removed from bursa list 5 years ago because its comapny held more than 75% shares .If compared to hlfg which is 16 plus and dividend is lower, it llooks better.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Snowpiercer
607 posts
Posted by Snowpiercer > 2020-11-20 11:17 | Report Abuse
At best book value.