CFA Institute Research Challenge Season 4 (2021-22): Presentation
Date
2022-02-09
Journal Title
Journal ISSN
Volume Title
Publisher
CamEd Business School
Abstract
Description
Founded in 1956, Sihanoukville Autonomous Port (PAS) is a public autonomous institution, operating under the financial and technical supervision of the Ministry of Economy and Finance (MEF) and the Ministry of Public Works and Transport (MPWT).
We issue a HOLD recommendation for PAS stock with a twelve-month target price of KHR 13,019, representing a 2.0% downside from the closing price of KHR 13,280 as of January 21, 2022. This target price is calculated by giving an 80-20 weight to the Discounted Cash Flow (DCF) method on Free Cash Flow to Firm and Comparable Company Analysis (CCA) method in which we use P/E multiples to calculate the implied stock price for PAS. Our recommendation lies on the following key catalysts: ...