BURSA–Fundamental Analysis (2 Feb 2014)

BURSA Analysis:-

Excel – https://lcchong.files.wordpress.com/2014/02/bursa-q4-20131.xlsx

PDF – https://lcchong.files.wordpress.com/2014/02/bursa-q4-2013.pdf

My View:-

– Fair Values:
  – EY%: 9.52 – 11.68
  – Absolute PE: 7.18 – 9.81
– As of now, I will take 9.5 – 9.8 as the range of fair value of BURSA.
– In my opinion, in FY14, the following risks will outweigh the growth drivers
  – Withdrawal of foreign investors in very large scale.
  – US QE taper will cause higher volatility in the market. This may cause investors stay out of (or monitor) the equity market.
– I will not accumulate BURSA at this moment, but will monitor it closely.

Latest Financial – Q1 2014 Financial Report (29 Jan 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1529017

At the time of writing, I owned shares of BURSA.



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