DELEUM–Fundamental Analysis (6 May 2014)

DELEUM Analysis:-

Excel – http://1drv.ms/1myXEln

My View:-

– Fair value
  – 5Y DCF: 5.71 – 6.50 (MOS: -3% – 9%)
  – Absolute EY% – Buy under 2.62, sell above 5.43
  – DELEUM is now fully valued. This is mainly due to the recent bonus issue.
– The long term outlook looks bright for Deleum, with a RM3.5bn orderbook lasting up to 7 years and 2 major contracts commencing in FY14.
– I will wait for bigger correction. Let see how it goes.

Latest Financial – Annual Report 2014 (5 May 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1613393

At the time of writing, I did not own shares of DELEUM.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s