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CS Tan
4.9 / 5.0
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....
sosfinance
1,305 posts
Posted by sosfinance > 2014-04-04 10:10 | Report Abuse
1. HLG actual and forecast profits (June FYE) 2013A - 2016F = RM42m, 95m, 122m, 138m
2. Assuming HLG projection is accurate, short term (3 years) CAGR = 50% p.a. , EPS on 2016F is 29sen
3. Forward PE (based on 2016F) = 279/29 = 9.6 times (EV/EBITA = 6.6x)
4. Compare with regional and other local stocks in related biz, forward PE 12-15x., Inari price is not demanding
5. Upside is there. FV is roughly RM3.70 to RM4.70, or 30-60% upside, not bad, excluding announcement of BONUS ISSUE (the public or retail investors love it, same pie, more pieces) and upgrade to MAIN BOARD (positive move, from boy to man premium?).