In my humble and amateur assessment ............. this Astro IPO is horribly over-priced. The pricing corresponds to a P/E north of 20. But I suspect the IPO will succeed because of a) Astro's monopoly in Malaysia, b) the relatively poor quality of other investment offerings available to local Malaysian Pension Funds and Institutions etc........... and c) the Ananda factor.
Not vested and no intention to vest.
Not vested and no intention to vest.
RBM, Retired Botanic MatSalleh