Tuesday, July 22, 2014

Sasbadi Holding Fair Value

Assalamualaikum wbt.

As we know, this IPO was oversubscribed by 33.15 times. Below is the overview about this company business activities.

Company Overview

Sasbadi Holdings Berhad, an investment holding company, engages in the publishing of education materials in Malaysia, Brunei, Singapore, and the Philippines. It publishes printed educational materials, including national school curriculum based educational materials comprising textbooks, revision guides, workbooks, assessment books, model test papers, past year examination papers, and readers covering various topics and subjects; and supplementary educational materials, such as children’s fiction and informational books, teaching guides, language guides, and glossaries, as well as logbooks for recording co-curricular activities.

The company also publishes various online educational resources, such as instant assessment generator to create assessment and test papers for teachers; i-learn, an online learning platform for students to access its database of resources covering various subjects; i-teach, a teaching platform for teachers equipped with teaching resources and tools; and iPBS, a software tool for teachers to creat materials for lessons and assessment papers based on the new school based assessment format, as well as publishes general title books.

In addition, it is involved in the distribution of applied learning products consisting of miniature building blocks and mechanical, electrical, and electronic components, as well as devices for measuring and analyzing live signals; and software to create measurement and control systems. Further, the company supplies electronic dictionaries; distributes third party publications; and trading of paper products. It serves retail bookstores, dealers, wholesalers, ministry of education, publishers, and schools. The company was founded in 1985 and is headquartered in Petaling Jaya, Malaysia.

As far as we are concerned , two investment houses evaluate and give fair value/ target price for this company.

Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.19
Par Value: RM 0.50
Number of shares:
Public Issue: 21,200,000
Offer for Sale: 35,950,000
Private Placement: 32,400,000
Stock Code: SASBADI

FAIR VALUE/TARGET PRICE


1. Public Bank : RM1.50 (26.1% increment)
2. Hong leong : RM1.65 (38.7% increment)  

-Can read here for the details


Educational is a stable industry and this company has related/ linked to government projects. From our view, it is a good company and have good prospect. Hope this IPO will cheer all of you.

Wassalam

Thursday, February 13, 2014

Dana Amanah Saham Mana Beri Pulangan Lebih Tinggi? ASB atau Tabung Haji

Assalamualaikum wbt dan selamat petang pada semua pembaca, 

Sekarang ini semakin hangat dibahaskan tentang isu hukum melabur di Amanah Saham Bumiputra (ASB) sama ada HARUS atau HARAM. 







     vs


Tapi disebalik isu tersebut, adakah Anda pernah buat pengiraan ringkas tentang dana yang manakah memberi pulangan yang lebih tinggi selepas penolakan kadar zakat 2.5% daripada pulangan pelaburan yang diberikan oleh setiap dana ASB n Tabung Haji (TH). Masa tengah google, terjumpa saya blog yang membuat jadual perbandingan pulangan antara kedua-dua dana ini.

Wednesday, October 30, 2013

UMW OIL & GAS FAIR VALUE

Description:

IPO Price is RM2.80.
It is expected to be listed at Main Board Bursa Malaysia on 1st of November 2013.

Fair values from Research Houses;

  1. SJ Securities                          - RM3.10
  2. JF Apex Securities                  - RM3.15
  3. HwangDBS Vickers Research  - RM3.20
  4. Kenanga Investment              - RM3.33
  5. TA Securities                          - RM3.36
Average FV is RM3.23

Happy Trading.

Thursday, October 17, 2013

Westports IPO's Fair Value

Westports IPO Offer Price : RM 2.50
It will be listed at Bursa Malaysia main board on 18th October 2013 (Friday).

Westports Fair Value by Research Houses;

HwangDBS Vickers Research : RM 2.75
Alliance Research                 : RM 2.84
JF Apex Securities                : RM 2.97


Thus, average FV is RM 2.85.

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