QUOTE(dEviLs @ Aug 21 2024, 05:22 PM)
M+ = 0.39 
The way they derived the FV seems a bit weird.Market average PE 15.9 Macam mainly contributed by Reservoir Link?
IPO: Steel Hawk Berhad ("Steel Hawk")
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 Aug 21 2024, 05:43 PM
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#1
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143 posts Joined: Oct 2006  
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Market average PE 15.9 Macam mainly contributed by Reservoir Link? |
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Aug 22 2024, 09:49 AM
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#2
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143 posts Joined: Oct 2006
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QUOTE(dEviLs @ Aug 22 2024, 09:19 AM) In prospectus the highest PE of peers is Ocean Vantage, leader firm Uzma 10.05, the rest all below 10 actually Try to checkout the report from Mplus. They taken RL (PE70++) into consideration when deriving the FV. That's why the FV become 39cents.https://disclosure.bursamalaysia.com/FileAc..._DS_ATTACHMENTS Page 51 This post has been edited by ThEoN86: Aug 22 2024, 09:50 AM |
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Aug 22 2024, 10:18 AM
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#3
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QUOTE(dEviLs @ Aug 22 2024, 10:14 AM) We estimate a fair value of RM0.39, representing an upside of 160.0% against theIPO price of RM0.15 for Steel Hawk. The fair value is derived by pegging a P/E ratioof 15x to the FY25f EPS of 2.59 sen, which we believe is justified with the averageP/E ratio of 15.9x of the Bloomberg GICS Industry – Energy Equipment and Services sector You can get the complete report here :not sure where to find the cos within the Bloomberg sector https://mplusonline.com/research-report/detail/519 A screenshot for your ease  dEviLs liked this post
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Aug 27 2024, 03:39 PM
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#4
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QUOTE(ahcheap @ Aug 27 2024, 03:31 PM)   |
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