Excel – http://1drv.ms/TxqvOg
– Fair value
– Absolute EY%:
– FY14 (EPS: 0.136) : Buy below 2.96, sell above 4.17
– R4Q (EPS: 0.07) : Buy below 1.53, sell above 2.16
– Based on FY14Q1 results, WASEONG is in the right track to surpass last year result. We need to see FY14Q2 results for some confirmation.
– As of now, I won’t place WASEONG in the Watch List because of declining results since 2008, high impairment charges, high debt and started plantation business in Congo.
Latest Financial – Q1 2014 Financial Report (27 May 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1636221
At the time of writing, I did not own shares of WASEONG, and categorized this stock in the Discontinued/Study List.