Public Invest Research expects RM1.50 FV for Sasbadi's listing

  • Analyst Reports
  • Monday, 14 Jul 2014

KUALA LUMPUR: Public Invest Research has advised investors to subscribe to Sasbadi Holdings’s new listing as it sees a potential fair value of RM1.50, which is based on 60% discount to the education industry average FY15 PER of 22 times.

In a note on Monday, the research house said Sasbadi is slated for public listing on July 23, 2014.

“The company mainly undertakes print publishing, focusing on primary and secondary school education as well as non-curriculum based educational materials.

“We see its online publishing and foray into educational materials for national-type schools and general titles business in Bahasa Malaysia and Chinese as the growth drivers for the company in the future,” it said.

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