Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
Pertama Digital Berhad operates as an investment holding company, primarily involved in the development, operation, and maintenance of mobile communication and payment applications across Malaysia. The company offers a suite of digital solutions, including eJamin, an online platform designed to simplify the bail payment experience for bailors; MyPay, which facilitates user access to information and online payment processing; and mySMS, a system enabling Government agencies to deliver services through SMS. Founded in 1984 and headquartered in Shah Alam, Malaysia, the company previously operated under the name Sinotop Holdings Berhad, officially rebranding to Pertama Digital Berhad in September 2020.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is 'expensive' on EV/EBITDA.