yea the price is high.. anything above RM1 for Malaysia IPO is risky liao.

Only buy if you know how to calculate its fair price via current financial reports, and feel that 1.35 is fair value (i'm guessing it's overpriced).

You cannot think it like this la...

In the market, many a times complex decision always arises....
we never get trophies or extra bonus for getting those complex decision correctly ..

but the beauty of this game...
it's like how Buffett describe the batter in baseball...
ie one doesn't have to swing all the time...
we just need to wait and get those big fat pitches...

hence for me, in the stock market, getting all the nice easy decision correct in a big way is most important...
which means I don't have to force myself to trade in those tricky ones...

anyway that's my small thinking... wait and wait for the easy trades.

to those sifus, please advise if my calculation is correct or not:

73,900,000 x 0.25 = 18,475,000 (estimated dividend of 25%)

Earnings per Share=
Net Income − Preferred Dividends/
End-of-Period Common Shares Outstanding

73,900,000 - 18,475,000 /
1,860,000,000 = 0.0297983870967742

---------------

P/E Ratio=
Market value per share/
Earnings per share

1.70 / 0.0297983870967742
= 57

---------------

Total PE ratio now for FFB is 57%, 
Good PE ratio is around 20-25%. At 25% means this stock as of today should worth 80 cents only. 

total shares 1.86 billion, and dividend of 25% I got from here: https://www.theedgemarkets.com/article/farm...adjusted-profit

net income from this page (requires free registration): https://simplywall.st/stocks/my/food-bevera...had-shares#past
(cant find other source)

Formula:
https://www.investopedia.com/terms/e/eps.asp
https://www.investopedia.com/terms/p/price-earningsratio.asp