In his report dated June 20, Ang expects the live entertainment producer and promoter to return to the black in the FY2023 with projected revenue of $45.6 million and PATMI of $5.2 million.
KGI Research analyst Simeon Ang is starting UnUsUaL Limited at “outperform” with a target price of 19.2 cents.
“Our range is derived from FY+1/+2 peer P/E valuations as well as base/bear discounted cashflows. Our discounted cash flows (DCFs) considered [a] weighted average cost of capital (WACC) of 8.3%-8.7% and terminal growth rate of 1.8%-2.2%,” the analyst writes.
