Chin Hin Group Berhad, an integrated building materials player in Peninsular Malaysia with 40 years of history, is slated for listing on 8 March 2016. The group has two main business segments, distribution and manufacturing, with more than 80% of its revenue derived from the former at present. Our fair value for Chin Hin is RM1.06, based on a 12x multiple to its FY17 EPS of 8.84sen. Our estimates are supported by i) growth prospects of the Autoclaved Aerated Concrete (AAC) products in the property market despite softer market conditions, ii) capacity expansion in the Starken AAC and G-Cast Concrete plants, with stronger earnings contributions expected from FY17 onwards, iii) healthy orderbook in its manufacturing segment, iv) recurring earnings from solar power panels.
Source: PublicInvest Research - 23 Feb 2016
Created by PublicInvest | Nov 22, 2024
His only job in this forum is to give real time price comment on every counter.
2016-03-08 08:59
market not is very sentiment, is not suitable to buy a new listed company. we dont have more TA and FA to do refer, it is too danger to investor. if say chinhin listed on last year i may buy , but this year is wrongly,and chinhin say profit will up 20m but all is expect only.
as long as a smart investor will not buy on chinhin, i more prefer on GADANG they doing very big project all in real but not like chinhin all expect only. and coming MRT2 and LRT3 gadang have 80% chance win this project since they doing LRT2 project now.
REMIND: LRT3 will annouce which comopany will get the project in this month. once get, gadang fly like bull.
Here i stop, final decision is your's, i just giving opinion, hope you guys dont simply invest without any research.
thank you.!
2016-03-08 10:30
Mohd Fahmi Bin Jaes
Write a comment.http://www.theedgemarkets.com/my/article/chin-hin-ipo-oversubscribed-874-times
2016-03-01 19:22