Friday, January 18, 2019

Far East Orchard

Far East Orchard is hovering between the price range of $1.20 to $1.24 seems to be a good support level. The NAV is about $2.82 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 4.88%
P/B is about 0.436
Company is profitable .

The current price of $1.23 seems like super undervalue. A rare gems not to be missed!
Let's say we can roughly work out the short term TP of $1.41(0.5 X NAV $2.82)  or next TP of $1.55( 0.55 x $2.82).

Not a call to buy or sell.

Pls dyodd.

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