QL – Fundamental Analysis (30 Sept 2014)

QL Analysis:-

Excel – http://1drv.ms/10ihNqO

My View:-

– Fair value
  – Absolute EY%:
    – Trailing:   
      – FY14 (EPS: 0.138) – Fair value 3.57 (Fair Value Uncertainty: HIGH)
      – R4Q (EPS: 0.133) – Fair value 3.44 (Fair Value Uncertainty: HIGH)
    – Forward:   
      – FY15 (EPS: 0.154) – Fair value 4 (Fair Value Uncertainty: MEDIUM); Downside price: 2.98
      – FY16 (EPS: 0.174) – Fair value 4.51 (Fair Value Uncertainty: MEDIUM); Downside price: 3.36
    – EPS applied to reach the current stock price (3.43): 0.132   
– At one glance, QL is undervalued, but the ratio of risk (downside) and reward is almost 1:1
– I won’t buy QL for the time being.

Latest Financial – Q1 2015 Financial Report (21 Aug 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1716085

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

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