The following is the research report published by AsiaPhilip
As per that for the Year 2011
NAV - 4.54
EPS - 0.38
P/E at IPO price = 5/0.38 = 13.15
The share is listed under diversified holdings which has a P/E of 34.79
So as per the Sector PER the expected price = 34.79*0.38 = 13.22 LKR
if you leave a discount of 40% from the sector P/E then the expected price is = 13.22*0.6 = 7.93
This is just my calculation. Please correct me if I am wrong. Can we expect the share price to go to around 10 LKR which is still result in a lesser PER than the sector PER.
Please share your views.