DIGI (6947) - DIGI Updates – 24 Jul 2017 - L. C. Chong

DIGI Analysis File – http://wp.me/a17Hxk-2IA

As a follow up to DIGI Updates – 21 Apr 2017, based on Q1 and Q2 FY17 results, I have updated financial modelling for DIGI by making couple of major adjustments, such as:

1. Higher depreciation
2. Higher capex
3. Lower revenue projection 

After the adjustments, fair value of DIGI is around 4.6 which is overvalued (4.8 as of 24 Jul 2017). As of now, I won’t consider to accumulate DIGI, but to hold it for extremely high dividend yield as my average cost for DIGI is almost free.

 

https://lcchong.wordpress.com/2017/07/24/digi-updates-24-jul-2017/