Assuming a conservative EBIT growth of 28%, I get a valuation of $7.56

ANO will undertake a non-renounceable Rights Issue on a 1 for 50 basis.
Eligible shareholders will be invited to subscribe for 1 new share at $5.78 which represents a 5% discount to the 30-day weighted average share price, being $6.09 as at 27 November 2019.

At the current price, this rights issue is in the money ($5.78 vs current price of $6.35)

1 for 50 is only a small raise, but does indicate that they are trying to keep up with increasing demand.

Here is an interesting infographic of the global demand forecast for Sun Care products.