I see many people mis-used nta for different reasons. NTA should be used to Rate Management performance reflected in market price. Lazy Bankers usually rate management by 10%, 20%, 30% (max) on Top of NTA.
1) 10% -----Expected Kps price should be 1.99 ( end of 4Q20 ) 2) 20%------price should be within 2.17 (end 4Q20 ) 3) 30%------price should be 2.35
We are no-where in 2.0 range which means "nobody" give KPS a rating----no wonder Management wants to take Kps private ( dont give face to management )
I didnt give high 5 for this Qr result bcos its revenue is still under-performance by 30%( maybe i expected too much ) However the economic momentum is rapidly advancing in 4Q20----really a lot of up-side in 4Q20 And spiralling out of control in 2021 / 22
I wonT be surprise if Revenue keeping blasting off like this Qr-----2.50---3.00 range by mid-2021 is almost certain
I think most rating agency just forgot about KPS after Splash was Sold----However it takes time to accumulate "New Industries--CPI + TOYO ( Cenbond is well known )----3yrs----And now KPS is in Business to show its New Portfolio ( Let hope No privatisation )
CPI + Toyoplas qualified for listing....do you know wat is the PE valuation it can command ? just look at mrdiy...to privatize now is not good for us....bcoz the earning potential is enormous....also expecting some positive announcements from SPT on NRW project ...in sgor & kedah...
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....
JJchan
7,182 posts
Posted by JJchan > 2020-11-29 17:31 | Report Abuse
I see many people mis-used nta for different reasons. NTA should be used to Rate Management
performance reflected in market price. Lazy Bankers usually rate management by 10%, 20%, 30% (max) on Top of NTA.
1) 10% -----Expected Kps price should be 1.99 ( end of 4Q20 )
2) 20%------price should be within 2.17 (end 4Q20 )
3) 30%------price should be 2.35
We are no-where in 2.0 range which means "nobody" give KPS a rating----no wonder Management
wants to take Kps private ( dont give face to management )
I didnt give high 5 for this Qr result bcos its revenue is still under-performance by 30%( maybe i
expected too much ) However the economic momentum is rapidly advancing in 4Q20----really
a lot of up-side in 4Q20 And spiralling out of control in 2021 / 22