Sinostar Pec

08 Dec 2016 11:28 #23424 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 to join the conversation.

13 Dec 2016 10:53 #23445 by Garak
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 to join the conversation.

13 Dec 2016 15:13 #23447 by josephyeo
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 to join the conversation.

14 Dec 2016 18:18 #23450 by josephyeo
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 to join the conversation.

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

Please Log in to join the conversation.

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

Please Log in to join the conversation.

Share Prices

Counter NameLastChange
$ Alliance Mineral0.3000.020
Best World2.5300.010
China Everbright0.460-
China Sunsine0.6150.015
Chip Eng Seng0.7350.005
CWG Intl^0.1720.001
Food Empire0.5850.005
Geo Energy Res0.3350.005
Golden Energy0.520-
$ GSS Energy0.177-
Hiap Hoe0.6950.025
$ ISOTeam0.395-
King Wan0.165-
Lian Beng0.530-
$ Rex Intl0.0650.001
$ Resources Prima0.0250.001
Sunningdale Tech1.7550.025
Serial System^0.1850.002
Sino Grandness0.230-
Tiong Seng0.255-
$ Trendlines0.1520.001
Yamada Green Res0.480-
YZJ Shipbldg SGD1.1350.030
Powered by JoomlaGadgets

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 467 guests and one member online

  • lotustpsll