MASTERSKILL IPO Below Fair Value
Masterskill (Offer price: RM3.50; Fair value: RM3.95)
INITIAL PUBLIC OFFERING – Main Market
• A niche provider of education services, focusing on nursing and allied health sciences.
• High earnings growth potential with high dividend payout promise.
• Fair value is set at RM3.95, based on P/E of 12x CY11 EPS, translating to a market cap of RM1.6b.
by : HWDBS Vickers