OCK – Fundamental Analysis (28 Nov 2014)

OCK Analysis:-

Excel – http://1drv.ms/1vthVhS

My View:-

  • Fair values:
    – Absolute EY%:
    – Trailing:
    – FY13 (EPS: 0.05) – Fair value 1.12 (Fair Value Uncertainty: VERY HIGH)
    – R4Q (EPS: 0.049) – Fair value 1.1 (Fair Value Uncertainty: VERY HIGH)
    – Forward:
    – FY14 (EPS: 0.07) – Fair value 1.57 (Fair Value Uncertainty: HIGH)
    – FY15 (EPS: 0.09) – Fair value 2.02 (Fair Value Uncertainty: MEDIUM)
    – EPS applied to reach the current stock price (1.44): 0.064
  • I will revisit OCK after completion of the purchase of an 85% stake in PT Putra Mulia Telecommunication (PMT). My worry is Indonesia government may interfere this acquisition.
  • If the acquisition is successful, I will seriously consider to buy this stock.

Latest Financial – Q3 2014 Financial Report (27 Nov 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1808073

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


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