Risk factor
Poor trading liquidity
Profitability factor
Excellent dividends
About
Based in Kuala Lumpur, Malaysia, Magnum Berhad functions as an investment holding company with a primary focus on the gaming industry within the country. Its operations are divided into two distinct segments: Gaming, and Investment Holdings and Others. A core part of its business involves the operation and management of licensed four-digit number forecast betting games, along with their various derivatives. Beyond gaming, Magnum also offers property management and information technology services. Established in 1968, the company adopted its current name, Magnum Berhad, in July 2013, having previously been known as Multi-Purpose Holdings Berhad.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is underpriced on P/E, of fair value on EV/EBITDA
Target Price
The average target price of 3859.KL is 1.48 and suggests 24.4% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i