FY21 , PAT 4.5Bn, EPS 0.83
FY22F, PAT 9.5bn (Forecasted by CT), EPS can be forecasted between 1.7-2
Possible Valuations
1.7x10=17
1.7x15=25.5
1.7x20=34
LOFC is illiquid counter
Public holding 5% may be traded at higher PEs
1.7x30=51
Example
Dialog Finance illiquid counter
Trading at Higher PEs and 5x NAV
Once proposed IPO implemented and listed in Port City proposed Exchange with foreign currency denominated Exchange, Expectations are High
Not a B/S/H recommendation