WASEONG–Fundamental Analysis (9 Jun 2014)

WASEONG Analysis:-

Excel – http://1drv.ms/TxqvOg

My View:-

– 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.

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2 thoughts on “WASEONG–Fundamental Analysis (9 Jun 2014)

  1. Hi LC, this is nice piece of work. Waseong has just released its latest surprising quarterly result, i believe, it may had catching your attention for valuation updating into your excel. would you mind to share with me by inputting the latest info. Thanks in advanced! kongjong@gmail.com

    Like

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