Excel – http://1drv.ms/1r20Zy1

My View:-

- Fair Value:
  – Absolute EY%
    – Trailing:
      – FY13 (EPS: 0.101) – Fair value 2.71 (Fair Value Uncertainty: LOW)
      – R4Q (EPS: 0.104) – Fair value 2.79 (Fair Value Uncertainty: LOW)
    – Forward:
      – FY14 (EPS: 0.103) – Fair value 2.75 (Fair Value Uncertainty: LOW)
      – FY15 (EPS: 0.119) – Fair value 3.17 (Fair Value Uncertainty: LOW)
    – EPS applied to reach the current stock price (1.34): 0.05
- Although this counter is currently undervalued, there are too many uncertainties in Brahim’s business.
- For the time being, I will place this stock in the Study List.

Latest Financial – Q2 2014 Financial Report (26 Aug 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1721213

At the time of writing, I did not own shares of BRAHIMS.