KUALA LUMPUR: Maybank Investment Bank Research has an indicative fair value of RM1.35 for Carimin Petroleum, which is 25 sen above its IPO price of RM1.10.
The research house said on Wednesday the FV was based on CY15 earnings per share (EPS) of 11.3 sen. It had pegged it to a fair CY15 price-to-earnings ratio (PER) of 12 times.
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