小资女向前冲（大马股市）

This article is inspired by blogger Gainvestor.
Yeelee is not on my radar as the price to me consider highlack of capital

Below is summary of Gaininvestor

Business

- Engaged in manufacturing division (packaging division, palm oil refinery division, palm oil mill division)  (99% revenue contribution)

- Trading division (consumer products)

- Plantation division (oil palm and tea)

- Hospitality division (tourism in Sabah)

- "full-cycle" business model. Full-cycle here means from producing the raw material, processing them into products, packaging the end products and selling them to the consumers. So thats why YEELEE had a plantation sector, manufacturing sector and the trading/marketing sector.

- holds SPRITZER's shares by 32.57%

Financial performance

- Revenue increased +18% qoq and +23% yoy

- net profit increased +9% qoq and +9% yoy

- revenue and net profit both experienced double digit growth

- Q4 2016 shown the highest revenue and net profit during the displayed 3 years

- For the whole year, FY2016's revenue improved +32%, while net profit increased +39% 

- net profit margin also improved to 4.2%

- The growth in manufacturing division is due to the higher selling price of palm based products arising from the increase in CPO price, and also the removal of the Government's control celing prices imposed on the consumer pack cooking oils

- For trading vision, the sales growth is supported by higher sales of cooking oils. Campbell products and beverages segment including the new distributorship of Ribena and Lucozade products, and of course not to forget about Red Bull

Share price evaluation

- Assume better situation continue...

Now, i take the EPS trending for YEELEE. 

2014: 15.04 sen
2015: 17.51 sen (+16%)
2016: 23.47 sen (+34%)
2017: 28 sen (+20%)
I will assume an increment of 20% for the EPS. The manufacturing and trading division will still remain the biggest contribution. For manufacturing division, the CPO price will be above RM2,000 and YEELEE will still producing the palm oil for daily usage. For trading division, Ribena and Lucozade's sales be reflected full year in 2017. Red Bull sales will have consistent grow. Hence, 23.47 x 20% = 28.16, the projected EPS is 28 sen.

With the PE and projected EPS, the projected price at the end of 2017 is around = 28 sen x 12 = 3.38, if round it down, then let's set at around 3.30.

- Otherwise

Another situation is with the average PE of 12 and the current EPS of 23.47 sen, the share price is 2.82. In the short term, i hope YEELEE can reach to 2.80.

Reference: 

http://gainvestor10sai.blogspot.my/2016/08/yeelee-little-red-riding-bull.html

http://gainvestor10sai.blogspot.my/2017/03/yeelee-post-q4-2016-red-bull-drinking.html