1) Chartering of Sime Daya value about RM600 million sb this month. Besides TP of 0.45 cts by HDBS, PublicInvest have on 21 May 2015 given a target price of 0.40 cts after the above contract is materialize.
PublicInvest 'Reiterate Outperform call. We are maintaining our target price of RM0.28 for now. Further re-rating is possible pending clarity in the securing of new O&G contracts, especially the long-term charter which would increase our prospective fair value to about RM0.40 upon the rollover of valuations to FY14. We do believe Daya has room to grow considering better the O&G sector growth outlook. Our current valuation of Daya is based on a 12x multiple to FY13 EPS of 2.34 sen.
2) 2nd Quarter result end of this month.
3) Listing of SPAC Reach Energy hopefully by year end.
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....
rikki
2,028 posts
Posted by rikki > 2013-08-10 16:22 | Report Abuse
Awaiting for 3 good news.
1) Chartering of Sime Daya value about RM600 million sb this month.
Besides TP of 0.45 cts by HDBS, PublicInvest have on 21 May 2015 given a target price of 0.40 cts after the above contract is materialize.
PublicInvest 'Reiterate Outperform call. We are maintaining our target price of RM0.28 for now. Further re-rating is possible pending clarity in the securing of new O&G contracts, especially the long-term charter which would increase our prospective fair value to about RM0.40 upon the rollover of valuations to FY14. We do believe Daya has room to grow considering better the O&G sector growth outlook. Our current valuation of Daya is based on a 12x multiple to FY13 EPS of 2.34 sen.
2) 2nd Quarter result end of this month.
3) Listing of SPAC Reach Energy hopefully by year end.