Thank u TigerMel, Sunvic is now 51 cents
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[TigerMel 23-11-2011]:
Yes guys, think can start to accumulate SunVic Chemicals now it hit a low of $0.45 and a high of $0.86 previously. My other penny stock counter would be Memstar Tech and Top Global which are pretty much undervalued.
My poor Sunvic -- happy to see it recovering fast after a sickly period of slumber. However at 37.5 cents now, it's still a long way from my purchase price of 50 cents. Wish me luck! Anyone here has Sunvic too?
SunVic earned 14.7 rmb cents in 4Q. Excellent turnaround!
Annualised, the EPS would be 58.8 rmb cents = 11.8 sgd cents. The stock is 45 cents. The PE works out to be 45 divided by 11.8 = 3.8X.