May 26 2009, 11:39 PM, updated 17y ago
QUOTE
• We maintain our Buy recommendation with a higher 12-month target price of MYR2.70 (from MYR2.60), after rolling forward our earnings parameter.
• We have valued Litrak based on an average of its discounted cash flow (DCF) value (WACC: 8.2%-13.8%; terminal growth: 0%) and its dividend discount model value. Our target price of MYR2.70 imputes a 20% (unchanged) discount to its fair value, which is in line with its historical trading discount.
• We have valued Litrak based on an average of its discounted cash flow (DCF) value (WACC: 8.2%-13.8%; terminal growth: 0%) and its dividend discount model value. Our target price of MYR2.70 imputes a 20% (unchanged) discount to its fair value, which is in line with its historical trading discount.
source:
http://bursastreet.blogspot.com/2009/05/li...a-holdings.html
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