Sinostar Pec

More
08 Dec 2016 11:28 #23424 by josephyeo
Sinostar Pec was created by josephyeo
Find this company interesting, under-valued and neglected ... generally, outside the radar of most investors.

Below are some interesting datas about the company:

1. company has zero debt .. no debt.

2. company has a cash horde of S$95 mil

3. its captalised at S$76 mil based on current price of 11.8 cts

4. has been profitable in the last 9 quarters.

5. last financial year (2015) profit was S$8.1 mil

6. current year (2016) 9 month profit is S$14.3 mil. This is 76.5% higher than the whole of last year.

7. nta is 18.6 cts

8. p/e (price earning ratio) for 9 mths is 5.3. If current profit trend continue, the forward p/e would be less than 4

9. cash backing per share is 15.5 cts.

10. company declared a dividend of 0.5 cts per share

11. dividend yield is above 4%

12. recently major shareholder has been buying shares in the open market.

My view is .. this company is grossly under-valued. Its trading below its cash level, it has a dividend of above 4%,

major shareholder buying back shares, its trading below nta, has been profitable in the last 4 quarters, no debt,

management confident of ability to maintain outperformance.

Above for sharing only, not an encouragement to buy or sell. I am heavily vested.

Please Log in or Create an account to join the conversation.

More
13 Dec 2016 10:53 #23445 by Garak
Replied by Garak on topic Sinostar Pec
Thank you Joseph. The financials look great and this stock is really cheap. Just Hope this not going to be another of S-chip that burns a hole in our pockets somewhere down the road!.

Please Log in or Create an account to join the conversation.

More
13 Dec 2016 15:13 #23447 by josephyeo
Replied by josephyeo on topic Sinostar Pec
Hi Garak,

Yes there is a stigma on s-chip, but from my many years of investing, i noted that most scandalous s-chips were hot stocks before the scandal surfaced and normally within 5 years of listing. Sinopec was never a hot stock and have been listed since 2007 .. 10 years. So i am quite comfortable with it.

The major shareholder had bought back shares in the open market on 4 occasions this month. At current price it is still trading below its cash value of 15.5 cts per share. Company has no debt. Its profit for 9 mths current is S$14.3 mil. This implies a forward p/e of less than 4. To me, its still under valued.

Just sharing ...

Please Log in or Create an account to join the conversation.

More
14 Dec 2016 18:18 #23450 by josephyeo
Replied by josephyeo on topic Sinostar Pec
Hi Garak .. hope you are vested.
Price at 1st posting on 8th dec. - 11.8 cts
Today - 15.7 cts
Up 33%

Please Log in or Create an account to join the conversation.

More
14 Dec 2016 20:50 #23451 by Garak
Replied by Garak on topic Sinostar Pec
of course I jumped in... what a gem u have shared in this forum! more more pls

Please Log in or Create an account to join the conversation.

More
26 Dec 2016 13:42 #23468 by pine
Replied by pine on topic Sinostar Pec
$0.13674 PER SHARE is the average price of the latest purchase by the subst. shareholder of 229,900 shares on Dec 23, 2016.

infopub.sgx.com/FileOpen/_FORM3INTEL%202...cement&FileID=434123

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings0.9000.045
Alliance Mineral0.2850.015
Anchor Resources0.0240.001
AusGroup0.0350.001
Avi-Tech Electronics0.3050.015
Best World Int.2.340-0.010
China Sunsine1.3400.040
DISA Limited0.004-
Federal Int. (2000)0.260-0.010
Food Empire0.520-
Geo Energy0.169-
Golden Energy0.230-
GSS Energy0.0990.003
ISDN Holdings0.200-
ISOTeam0.215-
KSH Holdings0.515-0.005
Lian Beng Group0.460-0.010
Miyoshi0.041-
Nordic Group0.390-
Oxley Holdings0.285-0.005
REX International0.0660.003
Riverstone1.2100.010
Roxy-Pacific0.400-
Sing Holdings0.3900.010
Sino Grandness0.132-
Straco Corp.0.720-
Sunningdale Tech1.4000.030
Sunpower Group0.3250.040
The Trendlines0.102-
Tiong Seng0.285-
Uni-Asia Group1.190-
XMH Holdings0.180-
Yangzijiang Shipbldg1.2200.010

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 737 guests and no members online