Calculation of PRESENT VALUE should use Discounted Cash Flow valuation method.
Biggest risk still will this broken highway jointed together on time in 2024. Will the company able to survive till then or maybe another round of rights issue is required.
Felix888, did you notice that I didn’t built in the revenue/ toll collection growth rate of assumed 5% annually? For simplicity, this just offset the discounted rate of 5% which I stated to arrive at present value .
If you are just thinking of harming another without committed that crime, is it a sin? And at another scenario, you have only injured him without any intention, is it a sin/crime? Needless to say, it is a crime/sin.
Thinking of buying this counter but you still have not transacted, is there anything wrong? But, on the other hand, you have bought this counter without so much deliberation/hesitation/or even by accident lately, NEEDLESS TO SAY, you are reaping the consequences of profit...
Every one is painting a heaven here. Actually why you all want it to go up so fast? Isn't it good that the price keep low so that you are able to top up more, since so confident it is be 2.0, 3.0 and now 4.x in X years later? :p
semua tiup tahi kat sini... now 0.70 sudah tiup till rm4.00 .. shock sendiri kah.. hutang bukan main berat utk construction sector....jgn nanti mcm heng yi China
Felix, What are the uncertainties worrying you ? I thought the CEO has addressed all your concerns in recent press briefing. Better don’t touch this stock if you have no or little trust on the CEO who determines the well being of the company to a large extent.
More and more cars on the road ! Road tolling business can not go wrong! ————————————
KUALA LUMPUR (July 20): The Malaysian Automotive Association (MAA) has revised upwards its car sales forecast for 2023 to 725,000 units, from its initial 650,000 units projected at the start of the year. MAA president Mohd Shamsor Mohd Zain said the revision was made after car sales or the total industry volume (TIV) showed upward momentum in the first half of 2023 (1H2023), compared to the same period last year. TIV in 1H2023 rose 10.3% to 366,037 units from 331,746 units in 1H2022. For 2022, MAA recorded sales of 720,658 units, a record high for the local automotive industry.
Felix888, pls don’t shut your mind for knowledge and most importantly think logically. If you don’t, you will miss every opportunity coming your way !
With regards to price dilution by the warrant, pls read my calculations again and again . I used 3.5 billion shares which included fully conversion of the warrant into ordinary share .
Felix888, I don’t quite understand why you talk about perpetual DCF ? WCE tolling has concession expiry, the cash flow is not perpetual. The Annuity DCF is the right model to use.
Here are the differences between perpetual and annuity DCF model :
Perpetuity Vs Annuity
Both the above terms are very frequently used in financial situations where the securities involve caontinuous cash flows. However, there are some differences between them, as follows: The former is for indefinite time period whereas the latter refers to a cash flow which is for a fixed time period, meaning, it has a maturity date. The former will have cash flows that are fixed over the entire time, where the latter may have fixed as well as variable cash flows. Perpetuity value is commonly used in finance where the concept is more theoretical and cash flow assumptions are made for simple study purpose, whereas annuity is used in real cases like retirement savings, insurance plans, etc. The valuation method of both of them are completely different having two different formula.
all in all worst case is highway in the end will be bought over by government whereas glove companies will be consolidated into less number of entities or even bankrupted
Not sure the cash land sold to IJM could last until 2025? 🤷 Maybe need more cash to survive. Cash is the most critical for the new CEO using my name to think about it.
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....
speakup
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Posted by speakup > 2023-07-20 09:10 | Report Abuse
Did Sour Grapes buy? Or just want become sour grapes forever?