Hong Chew Eu's comment on MNRB. All Comments

Hong Chew Eu
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I have quick and dirty formula to estimate the intrinsic value using the ROE and Book Value
Intrinsic value = (ROE/Cost of capital) X Book Value. Its historical ROE is about 5% so that the term ROE/Cost of capital is about 50%. So are you surprised that the market price is about less than the Book Value? The company must improve it returns
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Yee Kuang Loke
GLC... better dun hope much.
Like · 1 year · translate