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Peterlabs Holdings IPO Share price target fair value
by hlk Wed 13 Jul 2011, 21:55
Too many IPO, let us do a quick one.
2010, 2011, 2012
Peterlabs PE ratio 9.5x, 7.5x, 6.13x
Growth 31%, 27%, 22%
Peterlabs net Gearing 0.22
Peterlabs dividend yield about 4%.
Peterlabs does not have any formal dividend policy. In the future, dividend payout ratio of about 30% may be posible.
The above figures are by TA Securities, with Peterlabs fair value at RM0.29. Using a FY12 target PER of 6x, being a trailing 3'year average PER for peer SCC, TA derive a fair value of RM0.29/share for Peterlabs. Given the potential downside risk, TA recommend investors NOT TO SUBSCRIBE to the IPO.
Author: Polite Market
2010, 2011, 2012
Peterlabs PE ratio 9.5x, 7.5x, 6.13x
Growth 31%, 27%, 22%
Peterlabs net Gearing 0.22
Peterlabs dividend yield about 4%.
Peterlabs does not have any formal dividend policy. In the future, dividend payout ratio of about 30% may be posible.
The above figures are by TA Securities, with Peterlabs fair value at RM0.29. Using a FY12 target PER of 6x, being a trailing 3'year average PER for peer SCC, TA derive a fair value of RM0.29/share for Peterlabs. Given the potential downside risk, TA recommend investors NOT TO SUBSCRIBE to the IPO.
Author: Polite Market
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