Stock Name: SEG
Company Name: SEG INTERNATIONAL BHD
Research House: RHB
KUALA LUMPUR: SEG INTERNATIONAL BHD [] (SEGi) shares advanced on Wednesday, April 20 after RHB Research initiated coverage on the stock with an outperform rating and fair value RM4.54.
At 10.45am, SEGi rose 14 sen to RM3.83.
RHB Research said its indicative fair value for SEG was pegged at a target FY11 PER of 18 times, a 10% premium over our target FY11 PER for HELP of 16.5 times and the consumer sector average FY11 PER of 16.5 times.
'We believe the premium is justified given the: 1) SEGi's superior net profit margin; 2) the wider array of courses offered as well as the number of students; and 3) larger market capitalisation,' it said on April 20.
Company Name: SEG INTERNATIONAL BHD
Research House: RHB
KUALA LUMPUR: SEG INTERNATIONAL BHD [] (SEGi) shares advanced on Wednesday, April 20 after RHB Research initiated coverage on the stock with an outperform rating and fair value RM4.54.
At 10.45am, SEGi rose 14 sen to RM3.83.
RHB Research said its indicative fair value for SEG was pegged at a target FY11 PER of 18 times, a 10% premium over our target FY11 PER for HELP of 16.5 times and the consumer sector average FY11 PER of 16.5 times.
'We believe the premium is justified given the: 1) SEGi's superior net profit margin; 2) the wider array of courses offered as well as the number of students; and 3) larger market capitalisation,' it said on April 20.
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