HAIO 7668 QUARTERLY REPORT 31 JULY 2018

Quarterly Report Review:

收入与去年同期相比减少35.7%。

在MLM业务收入减少的其中因素是GE14后商业活动放缓影响传销。

在批发业务收入增加主要是优质的专利药的销售额增加。

在零售业务收入减少。


Reference Price:
26.09.2018
Price: RM 4.01
Rolling EPS: RM 0.2342
PE: 17.12
NTA: RM 1.10
Price/NTA: 3.65
PE*Price/NTA: 62.41
Undervalued: RM 1.80
Fair Value: RM 2.40
Overvalued: RM 3.60


Disclaimer:
The information contained in this research is based on data obtained from sources believed to be reliable. However, the data and/or sources have not been independently verified and as such, no representation, express or implied, is made as to the accuracy, adequacy, completeness or reliability of the info or opinions in the research.
Accordingly, neither 以牛攻熊 nor any of its related companies and associates nor person connected to it accept any liability whatsoever for any direct, indirect or consequential losses (including loss of profits) or damages that may arise from the use or reliance on the info or opinions in this publication. Any information, opinions or recommendations contained herein are subject to change at any time without prior notice. 以牛攻熊 has no obligation to update its opinion or the information in this research.
Investors are advised to make their own independent evaluation of the info contained in this research and seek independent financial, legal or other advice regarding the appropriateness of investing in any securities or the investment strategies discussed or recommended in this research. Nothing in this research constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise represent a personal recommendation to you.
This research is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential. All materials presented in this research, unless specifically indicated otherwise, is under copyright to 以牛攻熊. This research and its contents may not be reproduced, stored in a retrieval system, redistributed, transmitted or passed on, directly or indirectly, to any person or published in whole or in part, or altered in any way, for any purpose.
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Comments

  1. Hi, 想问下你如何算出 fair value, undervalue 和 overvalue. 需要用来做功课 :)

    ReplyDelete
    Replies
    1. My formula calculate is
      Fair Price X PE Ratio / NTA = 22.50
      22.50 is safety margin
      Overvalue = Fair Price X 1.50
      Undervalue = Overvalue / 2

      *This formula reference only.

      Delete

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