Tuesday, February 09, 2010

IPO Homeritz

Leading upholstered home furniture with complete range of product. Exported to 40 countries across the world. Distribute 40% of net profit as dividend.
Homeritz business are different with other Bursa' listed furniture manufacturers. Hence peer comparison may not be suitable benchmark for Homeritz valuation.
So, I tikammmmmm 66-67 sen fair value, PE 5.5, 5.6, average new company listed on Bursa.

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