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Friday, September 21, 2012

Astro Malaysia Holdings Berhad IPO PE Ratio

IPO Price RM 3.00

Opening of application 21/09/2012
 
Closing of application 01/10/2012
 
Balloting of applications 04/10/2012
 
Allotment of IPO shares to successful applicants 17/10/2012
 
Tentative listing date 19/10/2012

MIH 535 Main Market
 
Based on Astro IPO price of RM3.00, Astro PE ratio is 24.8x based on Astro EPS of RM0.121 (profit of RM626.62 million).
 
Astro dividend yield is 3% based on Astro dividend payout ratio of at least 75% (assuming at 75%).
 
Based on the above information on EPS of RM0.121, if I apply a PE ratio of 20x, then Astro target price will be RM2.42. If based on 30x PE ratio then fair value will be RM3.63.
 
If based on future EPS, no information yet. But with low dividend yield, will Astro going to have high growth for the next few years?

Will post again once I have Astro forecast earnings or profit and Astro target listing price.

Articles:

Astro Target price here.
http://politemarket.blogspot.com/2012/09/astro-ipo-research-target-price-rm309.html
 
Why you should NOT apply Astro IPO
http://politemarket.blogspot.com/2012/09/astro-ipo-why-you-should-not-apply.html
 
 
Money Back Guarantee IPO
http://politemarket.blogspot.com/2012/09/money-back-guarantee-ipo.html
 
 
http://politemarket.blogspot.com/2012/08/astro-ipo.html

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Initial Public Offering Of Up To 1,518,300,000 Ordinary Shares Of RM0.10 Each In Astro Malaysia Holdings Berhad (“Astro Malaysia”) (“IPO Shares”) Comprising A Public Issue Of 474,300,000 New Ordinary Shares Of RM0.10 Each In Astro Malaysia (“Shares”) (“Issue Shares”) And An Offer For Sale Of Up To 1,044,000,000 Existing Shares Involving:
 
(i) The Institutional Offering Of Up To 1,258,435,000 IPO Shares To Malaysian And Foreign Institutional And Selected Investors, Including Bumiputera Investors Approved By The Ministry Of International Trade And Industry; And
 
(ii) The Retail Offering Of 259,865,000 Issue Shares To The Malaysian Public, The Directors And Eligible Employees Of Astro Malaysia And Its Subsidiaries (“Astro Malaysia Group”), Eligible Directors And Employees Of Usaha Tegas Sdn Bhd And Its Subsidiaries, Eligible Sales Agents, Independent Contractors, Talent And Subscribers Of The Astro Malaysia Group And Other Persons Who Have Contributed To The Success Of Astro Malaysia Group At The Retail Price Of RM3.00 Per Share (“Retail Price”), Payable In Full Upon Application And Subject To Refund Of The Difference Between The Retail Price And The Final Retail Price In The Event That The Final Retail Price Is Less Than The Retail Price,
 
Subject To The Clawback And Reallocation Provisions. The Final Retail Price Will Equal The Lower Of
(i) The Retail Price And
(ii) The Institutional Price To Be Determined By Way Of Bookbuilding.


Source: Bursa
===============

 
 
Articles:

Why you should NOT apply Astro IPO
http://politemarket.blogspot.com/2012/09/astro-ipo-why-you-should-not-apply.html


Money Back Guarantee IPO
http://politemarket.blogspot.com/2012/09/money-back-guarantee-ipo.html


http://politemarket.blogspot.com/2012/08/astro-ipo.html

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