Another education group has proposed a Bonus Issue. This time, it's HELP International Corporation Berhad ('HELP'), which has just proposed a bonus of 3-for-5 today. The market may have gotten wind of the proposed bonus issue as HELP share price was bidden up from RM1.20 to an intra-day high of RM4.80 today.
Chart: HELP's daily chart as at July 20, 2010_9.30am (Source: Quickchart)
Based on its closing price at the end of the morning session of RM4.34, HELP is now trading at a trailing PER of 21 times (based on last 4 quarters' EPS of 20.6 sen). While not as exorbitantly over-priced as SEG, HELP is still fully valued.
Table 1: HELP's last 8 quarterly results
Based on demanding valuation, HELP is a stock is to avoid.
No comments:
Post a Comment