Splash
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Sharmaine Lee
Bennedjon Tan
Denise Vilaga
Research Analysts
Refresh Your Portfolio; Diversify with Splash
Investment Summary
Long Term Buy; Price target of Php 2.78
In the future, there are two main factors that would provide growth for the firm: the forecasted growth of the cosmetic industry and the increased consciousness of the market to health and wellness issues. Therefore, it is recommended that those interested buy in long term basis at a fair value of Php 2.78 based on the company’s DCF valuation.
Ongoing Research and Development
With product innovation as one of its top platforms, Splash Corporation would remain competitive in both the local and the international market. Not only is the Company preoccupied with making sure that their prices are comparable with other related firms, it also focuses in creating new product lines to remain diversified in the market that it services.
Larger market
Due to the fact that the population is becoming more conscious of health and wellness issues, the firm’s market is expected to increase in the coming years, backed with the continuous introduction of health centered personal care products.
All information provided is based on the prospectus disclosed by Splash Corporation and are subject to changes and fluctuations. Some figures were recalculated by the analysts due to errors discovered in the prospectus. Values provided in this paper are based on forecasts and estimated values of the research analysts.
The Offer
Splash Corporation, a privately held corporation, has decided to conduct an Initial Public Offering of its common shares. For the purpose of expansion and in order to obtain additional capital, the firm chose to alter its current equity structure by selling both new and current outstanding shares held by the corporation. In order to do so, Splash has opted to issue...
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