Positive view on NTTD Japan buyout offer for GHL

“We deem this as an opportunity for existing shareholders to realise the extensive value of the company,” Kenanga Research said.

PETALING JAYA: The offer price of RM1.08 per share made by NTT Data Japan Corp (NTTD Japan) to existing shareholders of payment service provider GHL Systems Bhd, is a premium compared to its global peers, according to Kenanga Research.

“The offer price of RM1.08 per share translates to 39 times our forecast financial year 2024 (FY24) earnings per share (EPS) and 34 times our FY25 forecast EPS.