Eastern Pacific Industrial Corporation -> 3.00?

ichi88

What’s a fair price for EPIC? This time, the Edge Weekly did not disclose the price desired by any of the other shareholders of EPIC, apart from Terengganu Inc. EPIC’s current share price is at its highest level since 2009, and the stock is trading at a P/NTA of close to 1x compared to 1QFY09, during which its P/NTA was only about 0.6x, We believe this higher valuation is in line with its improved outlook. In the O&G industry, the P/NTA is currently averaging about 2x (excluding KNM). Hence, our conjecture is that the offer price acceptable to the other shareholders would be about RM2.00-RM3.00, which is a P/NTA of around 1.0- 1.5x as historically, EPIC’s share price had been trading at below P/NTA of 1x.


http://stockmarket.tailou.com/viewtopic.php?f=29&t=5629&sid=1cc48ed139878290e90bc33098cbc594


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