PETALING JAYA: Hong Leong Investment Bank Research has put a fair value of 22 sen a share on healthcare company PMCK Bhd
, which is scheduled to be listed on the ACE Market tomorrow.
The valuation is equal to the initial public offering (IPO) price of PMCK shares and based on a 10 times enterprise value (EV) to its earnings before interest, taxes, depreciation, and amortisation (Ebitda) multiple on next year’s earnings, representing a 25% discount to the sector average of 13.5 times.
