Posted by Namoyaki Takarajima > 2012-05-21 16:48 | Report Abuse

Everything is fine except the last point sound not convincing, GMB should adjust the price/unit, the fair value for GMB wish to be RM2.0; fair value.

Posted by thunder_storm > 2012-05-21 17:07 | Report Abuse

1.50 better. else no money to buy

Posted by Namoyaki Takarajima > 2012-05-21 17:11 | Report Abuse

RM1.5 means must have pressure from public, then public to Gov. I still believe that they still can adjust to 2.0 before launch. GMB, PLEASE.

Posted by aunloke > 2012-05-22 22:33 | Report Abuse

How can the dividend yield be 4-5% when PE is 22x and the payout ratio is 75%. Based on this PE and payout ratio the dividend yield should be 3.4%.

Posted by Jolly Mypet > 2012-05-22 22:46 | Report Abuse

I have a tendency to support your calculation. we have to scrutinize the finer points lest we get caught like the recent IPO skp. It should be cheaper like 1.90 - 2.00 perhaps can consider very bad sentiments globally.

Posted by aunloke > 2012-05-22 23:07 | Report Abuse

I think I got his calculation he is using RM2.55 for 22x PE and this gives the value of about 4% based on the IPO price of RM 2.20.