UNUSUAL MARKET ACTION
| ANALABS RESOURCES BERHAD |
| Type | Reply to query |
| Reply to Query Letter by KLSE reference ID | KLSE/FRS/UMA00/198 |
| Subject | UNUSUAL MARKET ACTION |
Contents :
We make reference to your fax dated 28 April 2000.
We wish to inform that there is no material development in Analabs business and affairs not previously disclosed. We also confirm that none of the situations/events as listed in your fax occurred during the period in question.
We wish to, however, bring to your attention that the current share price being traded at is consistent with the positive recommendations provided by the following parties to the general institutional and retail investor at large;
| INVESTMENT ANALYST | FAIR VALUE GIVEN |
| MAYBANK SECURITIES | RM 7.30 |
| RHB SECURITIES | RM 7.00 |
| MIDF SISMA SECURITIES | RM 6.45 |
| PHILEO ALLIED SECURITIES | RM 5.38 (*) |
(*note : Phileo has also placed a potential fair value at RM7.50 and a medium term fair value at RM14.10)
The valuations provided by these investment analysts were made on information presented in the prospectus and discussions with management on the potential and prospects of Analabs given the Company's solid and dynamic management that focuses on all the key ingredients necessary for having a "competitive advantage", uncommon in Malaysian business practice (refer also write-up by the NST and China Press dated 1.4.2000 and 28.4.2000 respectively). Also recommendations were made on the premise that the IPO PE ratio of 2 times. (estimate year) and of 4 times (forecast year) was well below the average market PE of 20 times.
Analabs is constantly exploring new opprotunities to enhance shareholders' value and will make the appropriate announcement(s) to the Exchange where required in accordance with the Exchange's Listing Requirements.
Announcement Info
| Company Name | ANALABS RESOURCES BERHAD |
| Stock Name | ANALABS |
| Date Announced | 2 May 2000 |
| Category | General Announcement |
| Reference No | CK-000502-63406 |
