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Wednesday, August 2, 2017

Far East Orchard

Far East Orchard 

Far East Orchard is hovering between the price range of $1.51 to $1.58 seems to be a good support level. The NAV is about $2.89 as reported on the Second quarter result for 30 June
2017 seems to be trading at a Great discount of almost 50% ( Margin Of Safety).

Dividend of 6 cents for the Past 5 years, yield of 3.92%
P/B is about 0.53
Company is profitable .
Although the half year financial results has came down quite substantially down 66% to 16.8m.

The current price of $1.53 seems like super undervalue. A rare gems not to be missed!
Let's say we can roughly work out the short term TP of $1.73(6 X NAV $2.89) .
I think this TP of $1.73 could be quite easy to achieve.


Or a slightly higher TP of 0.65 X $2.89= $1.88
Dyodd.



( trade base on your own decision)





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