I have roughly worked out the DCF Ops Cash flow value of $1.367 taking into consideration the CAGR of 16.95%. Discount factor of 8%.
Let factor in the further discount of 0.85 X $1.367 = $1.15. If we factor a further discount of another 5% ,0.8 x $1.367 = $1.09.
Dividend of 2.5 cents p.a. Yield is about 2.9%( current price of 86.5 cents).
Looking into their past 5 years financial results you may notice the Net Income has been gently rising. This is rather a healthy sign.
Also Ops cash flow is generally rising. EPS has also generally moving up the ladder.
The NAV is about 30.2 cents. P/B is 2.86.
PE is approximately 16 x.
Looking at the current price of 86.5 cents, we may still has quite a reasonable room for further upwards potential of 26% to rise towards $1.09.
Is not a call to buy or sell.
dyodd.
I am just sharing and believe sharing is a good form of giving.
( trade/invest base on your own decision)
Straco Corporation Limited ("SCL") was listed on the Mainboard of the Singapore Exchange on 20 February 2004. Since then, the Group has been one of the first few foreign companies that has managed to build up significant presence and influence in the tourism industry in China. The Group showcases high quality tourism-related projects, incorporating entertainment, education and culture to create a unique experience for visitors and audiences. These projects include giant observation wheels, large-scale public aquariums, cable-car facilities, the protection and redevelopment of historical sites.
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