DELEUM–Fundamental Analysis (6 May 2014)

DELEUM Analysis:-

Excel –

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)

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

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