the nature of holders in Samhi are weak. Most of them are PE funds who sold significant stake in the company and they tend to exit after IPO. I think one just exited a while back. So there will always be a supply overhang and that is what’s restricting the movement of Samhi currently imo.
So because of this, I would want to consider a lower multiple(that doesn’t mean we won’t get rerating surprises )
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