KARENSOFT TECHNOLOGY BHD - Fairly Valued at RM0.61, KAF Research

KARENSOFT TECHNOLOGY BHD - Fairly Valued at RM0.61
KARENSOFT TECHNOLOGY BHD (KarenSoft) is fairly valued at its IPO price of RM0.61. At this price, the stock trades on 39.6x FY02 earnings (note that its financial performance has not been consistent). Other profitable Mesdaq companies on average trade at 49.6x FY02 earnings. The nearest compatible company in terms of nature of business on Mesdaq is PALETTE MULTIMEDIA BHD (RM0.70), trading at 134.6x FY02 earnings and P/NTA of 8.8x, compared to KarenSoft’s P/NTA of 3.0x. Compared to PATIMAS COMPUTERS BHD (RM1.72), which is listed on the Main Board, KarenSoft is at a 16.7% discount in terms of P/NTA and 53.9% in terms of FY02 earnings.





Please note that the information offered above is an independent evaluation from KAF Research Sdn Bhd. For further information, please contact KAF Research Sdn Bhd. KarenSoft Technology Berhad will not be held liable for any consequences arising from the use of this information.