Triggered from a post by Henry in his blog post, Stock Analysis - Nam Lee (FY2014) - Swan Still Floating & Laying Eggs, I have volunteered myself to do a CNAV (Conservative Net Asset Value) analysis on of the stock of his interest, Nam Lee Pressed Metal Industries Ltd (G0I).
So here we go...
Stock In Evaluation : Nam Lee Pressed Metal Industries Ltd (G0I)
The Key Quantitative Indicators of CNAV Strategy (basing on 2013 Annual Report figures):
Net Asset Value (NAV) = $0.49
Conservative Net Asset Value (CNAV2) = $0.24
Current Price = $0.28
Discount For CNAV2 = -17%
Conclusion : Since it is a negative "Discount for CNAV2", it means that the stock is traded at premium (from CNAV perspective). However, it is traded at a 43% discount when compared with the less conservative indicator, NAV.
The P.O.F Scores of CNAV Strategy:
P......