Market Price (2015-2-27) = $1.06
Converted using $1HKD to $0.18SGD.
Earnings
Approx. EPS: $0.16
Approx. DPS: $0.07 (Plus bonus shares!)
Ratios
P/E: 6.6
Yield: 6.6%
Profitability
ROE: 11.6% [Avg for SG blue chips is 11.8%]
Asset Turnover: 0.139 [Avg for SG blue chips is ~0.5. Not a good measure because asset heavy company]
Net Income Margin: 36.6
Balance Sheet
Current Ratio: 3.2
Debt To Equity: 0.36
NAV: $1.07
Additional Info
Biannual distributions in May/Oct. Management committed to paying out at least 50% earnings as dividends
Personal Opinion: HOLD/BUY
They are giving 1 for every 20 share bonus issue, ON TOP of a 3.5 cents dividends! That means I am going to get 5 lots for 'free'!
Unless any policy change occurs, this will be a very strong income stock for many years to come.
No comments:
Post a Comment