DIALOG (7277) – Fundamental Analysis (10 Feb 2015)

DIALOG (7277) – Fundamental Analysis (10 Feb 2015)


DIALOG Analysis:-

Excel – http://1drv.ms/1AdkOYd

Notes – http://tinyurl.com/nsvtjyj

My View:-

Valuation:
       
Absolute EY%:
           
Trailing:
               
FY14 (EPS: 0.044) – Fair value 1.49 (Fair Value Uncertainty: VERY HIGH)
               
R4Q (EPS: 0.047) – Fair value 1.6 (Fair Value Uncertainty: HIGH)
           
Forward:
               
FY15 (EPS: 0.048) – Fair value 1.63 (Fair Value Uncertainty: HIGH)
               
FY16 (EPS: 0.055) – Fair value 1.86 (Fair Value Uncertainty: HIGH)
           
EPS applied to reach the current stock price (1.7): 0.05
   
Based on the current price, DIALOG is fully valued.
   
I am bullish on the prospects of Pengerang as it expects the demand for storage facilities to increase.
   
With Phase 1, 2 and 3 projects in motion, the upcoming Pengerang tank terminal facilities (i.e. Phase 4, 5 etc) will kick into higher gear. Based on the combined storage design of Phase 1 & 3 (3.4m m3 capacity), expansion in capacity is accelerated. The Pengerang terminal can accommodate up to 8m m3 in storage capacity, based on its built design.

Latest Financial – Q2 2015 Financial Report (9 Feb 2015) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1871973

At the time of writing, I owned shares of DIALOG.

https://lcchong.wordpress.com/