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Saturday, May 11, 2019

Apac Realty

The price seems to have came down from 62.5 cents after going ex.dividend of 2.5 cents .
It is now trading at 56 cents, that is giving a yield of 7.1% ( base on yearly 4 cents dividend instead of 4.5 ) of which I think is quite an attractive price level.

The company has a healthy FCF as can be seen from the FY2018 financial result.
I think the FCF is sufficient to cover the dividend payout of 4 cents a year.


Debts level seems quite ok at about 0.4% as can been seen from the Balance sheet.
If you take the Loans amount of 57.517m( 2.9 + 54.617) divide by Equity of 143.104m = 0.4% which is considered quite a healthy ratio.

EPS of 6.83 cents.
PE is about 14.5x.
NAV 40.3 cents.


Chart wise, looks bearish!
It is on a downtrend mode chart patterns.
Immediate support is at 55 cents.
The next support level is at 52.5 & 50 cents.

I think current price is trading at an attractive level as the fair value for Apac Realty is about 67 - 73 cents.

Not a call to buy or sell.

Pls dyodd.



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