Chip Eng Seng

Chip Eng Seng Corp more than doubled its profits in the fourth quarter, on the back of both revenue growth and heftier contributions from associates.

Net profit jumped by 102.4 per cent to S$26.6 million for the three months to Dec 31, 2018, up from S$13.1 million the previous year, according to results released on Friday.

4th quarter EPS of 4.25 cents is more than double last year EPS of 2.11 cents.

Full Year EPS of 10.13 cents, PE is 7.15x.

Dividend of 4 cents is being declared. XD on 7 May. Payment date 23 May.

A fantastic set of financial results.

Chart wise, Looks like it may rise to retest 76.5 cents which is the immediate resistance. Breaking out of 76.5 cents with ease plus good volume that may propel to drive the price higher towards 84 cents then 86 cents.

Not a call to buy or sell.

Pls dyodd.