DAYANG – Fundamental Analysis (1 Jan 2015)

DAYANG Analysis:-

Excel – http://1drv.ms/1rwWfmY

Notes – http://tinyurl.com/kyawjqq

My View:-

  • Fair value:
    • Absolute EY%:
      • Trailing:
        • FY13 (EPS: 0.146) – Fair value 2.61 (Fair Value Uncertainty: VERY HIGH)
        • R4Q (EPS: 0.205) – Fair value 3.67 (Fair Value Uncertainty: MEDIUM)
      • Forward:
        • FY14 (EPS: 0.237) – Fair value 4.23 (Fair Value Uncertainty: LOW)
        • FY15 (EPS: 0.276) – Fair value 4.93 (Fair Value Uncertainty: LOW)
      • EPS applied to reach the current stock price (2.9): 0.162
    • Absolute PE
      • FY13 (EPS: 0.146) – Fair value 2.28 (Fair Value Uncertainty: VERY HIGH)
      • R4Q (EPS: 0.205) – Fair value 3.2 (Fair Value Uncertainty: HIGH)
  • I am generally positive on the current developments and progress of Dayang’s HUC projects. In addition, the company is venturing into the EPCC segment of the value chain. Given the company’s history and reputation of being a conservative and risk-averse company, the EPCC venture will bear fruit in the medium to long term.
  • DAYANG is currently undervalued. I am seriously considering to buy DAYANG, but I already have quite a few O&G counters in my portfolio.

Latest Financial – Q3 2014 Financial Report (26 Nov 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1805797

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

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2 thoughts on “DAYANG – Fundamental Analysis (1 Jan 2015)

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