sj, agreed, the ABID report is pretty much rubbish. They call it a due diligence report, but I think we've done more due diligence here on hotcopper. I think that ABID's use of the DCF method is ok, but they have adopted overly optimistic and unrealistic estimates of revenues. Also, Fiale is clearly in the hands of Sinopec now, so it shouldn't even be factored into the equation IMO.
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