1st quarter results is out , seems not bad!
Gross revenue is up 10.1% to 251m versus 228m last year.
Net profit is up merely 6% to 19.3m .
Admin expenses has gone up quite a lot at 10.3% to 42m versus 38m last year,almost wipe out all the gross profit gain.
EPS is 1.29 cents.
Zero debts.
Cash-on-hands of 86m.
Net cash per share is about 5.5 cents (86/1503m shares).
NAV is 20.6 cents.
P/B 5.04x.
Yearly dividend of 3.4 cents.
Yield is 3.26%.
I think current price of 1.04 is trading at full value.
P/B is pretty high at 5.04x.
I would patiently wait for price to sail back to 92-95 region ! At least , a minimum yield of 3.5% may provide some decent dividend yield.
PE is 20.15x.
Not a call to buy or sell.
Pls dyodd.
No comments:
Post a Comment