PublicInvest derives fair value of 40 sen for Orgabio

KUALA LUMPUR: PublicInvest Research has derived a fair value of 40 sen for ACE Market-bound instant beverage premix manufacturer Orgabio Holdings Bhd.

“We derive a fair value of 40 sen based on a circa 10x PE multiple to its FY23F EPS of 4.0sen. The IPO is expected to raise approximately RM30mil from the issuance of 96.7 million new shares,” the research house said in a report.