By Star Online: Business
25th Jan 2013
Hai-O Enterprise Bhd
By HwangDBS Research
Trading Buy
Fair value: RM2.95
THE stock has undemanding valuations with a price earnings (PE) multiple the cheapest among peers.
Hai-O is currently trading at 10.5 times 1-year forward PE, which is cheaper than Zhulian and Amway, which are both trading at 11 times and 17.5 times FY13F PE respectively.
