RCE Capital, Leaders Universal

RCE Cap declared dividend of 1 sen. Based on record, dividend yield is 2 %. So 'fair price' is 1/ 0.02 = 50 sen. Current price of 60 sen is pricey.
Other info: Net profit = RM66m y/y up 32%. Shares issued = 710m. therefore EPS = 66/710 = 9 sen. Current price/ eps = 60/9 = 7. NA = 32 sen

Leaders Universal interim dvd = 1.5 sen. ex 12/6, pay 26/6. Net asset = RM1.14
Net year profit = 86m. Shares issued = 436m. EPS = 14 sen.
Current price = 72 sen. PE = 72/14 = 5.
Assuming two dvd per year, 'fair price' = 2 x 1.5 sen / 0.04 record yield = 75 sen.
Buy at 70 - 72 sen range.