WELLCAL (7231) - WELLCAL Updates – 29 Jan 2018 - L. C. Chong

Analysis file – WELLCAL-FY17-Q4.xlsx

For growth drivers and challenges, you can read Management Discussion and Analysis in Annual Report 2017. I agree with the points made in WELLCAL’s MD&A, so I don’t have additional opinion here.

As at 27 Jan 2018, WELLCAL’s close price was RM1.49. I believe that WELLCAL is still slightly undervalued based on the following scenarios.

1. Baseline scenario – RM1.65 – 1.84
2. Good scenario – RM1.74 – 2.01
3. Bad scenario – RM1.60 – 1.74
4. Ugly scenario – RM1.48 – 1.64

I will continue to accumulate WELLCAL.

At the time of writing, I did not own shares of WELLCAL.

 

 

https://lcchong.wordpress.com/2018/01/29/wellcal-updates-29-jan-2018/