The first method used by KPMG was the DCF (Discounted Cash Flow) approach. I have written about this in the past:
http://cgmalaysia.blogspot.com/2011/07/abolish-dcf-models-in-circulars.html
As usual, many pages were written about the approach, the key bases and assumptions, although the economic crisis is rather strangely left out of the picture. When KPM…