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Tuesday, May 21, 2013

Leon Fuat IPO Price Target

Before we look at Leon Fuat price target, market sentiment now is good, do we need to know the price target or can just apply?

According to TA Securities, Leon Fuat price target is RM0.57 (IPO price is RM0.60), that is based on PE ratio of 7 times CY14 EPS, lower that the average peers PE Ratio of 8 times. This is because Leon Fuat has higher gearing.

If everything is ok, Leon Fuat dividend payout ratio is 30%. That will translate to Leon Fuat dividend yield of 3% to 4%.

For more info on Leon Fuat, here.

For information on other IPO, here.

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