Straco -- gem?

More
17 Mar 2015 15:13 - 17 Mar 2015 15:19 #21922 by BNN
Replied by BNN on topic Straco -- gem?
The FY2014 earnings was S$38 million, and translates into a PE of 20X if you use the stock price of 92 cents.

20X looks fairly valued but don't forget, Straco incurred one-off fees of nearly S$2m for the acquisition of the SG Flyer.

For this year, SG Flyer is expected to contribute S$7 m in net profit to Straco (CIMB's forecast). --> Straco's earnings would come in at about S$59 m. The PE would then be 15.5X based on stock price of 92 cents.

This looks cheap still for a business that is a cash gusher imho. Straco's cash pile was $113 m at end-2014, and forecast to rise to S$153 million by end-2015 (CIMB forecast).

Last edit: 17 Mar 2015 15:19 by BNN.

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

More
18 Mar 2015 16:05 #21929 by Joes
Replied by Joes on topic Straco -- gem?
Built for $240m, sold for $100m less after 6 years to STRACO, the white knight.

Lots of redevelopment potential on the land area 363,000 sq ft -- equiv to 1,120 car park lots.

The SG Flyer is for tourists and there will be lots more this year, the year of SG50 celebrations. Maybe many Singaporeans will take Flyer again, if there is a promotion to mark SG50. Otherwise, I doubt Singaporeans will go to the Flyer over and over again.

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

More
19 Mar 2015 02:29 - 19 Mar 2015 11:15 #21932 by Joes
Replied by Joes on topic Straco -- gem?
See how Straco's share price and earnings have soared in 7 years or so.




Click on images to enlarge.



Source: Motley Fool.


The best is yet to come. Watch the Wheel turn. It's the Wheel of Fortune!
Last edit: 19 Mar 2015 11:15 by Joes.

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

More
19 Mar 2015 22:14 #21936 by Rock
Replied by Rock on topic Straco -- gem?
The performance data posted by Joes (Source: Motley Fool)


Bread Talk 11/10/2007: EPS = 2.16c/Share Price = 47.9c/PE = 22
Raffles Med 11/10/2007: EPS = 6.34c/Share Price = $1.51/PE = 24
Straco 11/10/2007: EPS = 0.57c/Share Price = 19.5c/PE = 34

Bread Talk 17/3/2015: EPS = 4.33c/Share Price = $1.36c/PE = 31.4
Raffles Med 17/3/2015: EPS = 12.1c/Share Price = $3.89/PE = 32.1
Straco 17/3/2015: EPS = 4.45c/Share Price = 90c/PE = 20.2

Straco in 7 years has outperofrmed Bread Talk & Raffles Medical in percentage term in share price & EPS increased.

Share price at 90 cts trading at 20x PE is still way too cheap as compare to 30x PE for Bread Talk & Raffles Medical. Straco next lap of growth will be propel by 'The Singapore Flyer'.

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

More
20 Mar 2015 18:20 - 20 Mar 2015 18:21 #21937 by Joes
Replied by Joes on topic Straco -- gem?
Click on image to enlarge it.




-- High cash levels with minimal debt, until last year when Straco bought the Flyer. Hopefully, the Flyer will be another big winner in the months and years ahead. !
Last edit: 20 Mar 2015 18:21 by Joes.

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

More
24 Mar 2015 02:14 #21953 by Joes
Replied by Joes on topic Straco -- gem?
I have just chanced upon this lovely picture of the Shanghai Ocean Aquarium, the cash cow of Straco.

Click to enlarge:

The following user(s) said Thank You: lotustpsll

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

Share Prices

Counter NameLastChange
AEM Holdings1.160-0.010
AusGroup0.022-
Avi-Tech Electronics0.340-
Best World Int.1.360-
CEI0.935-
China Sunsine1.100-
CNMC GoldMine0.2950.010
CSE Global0.470-
Eagle HTrust USD0.655-
Food Empire0.495-0.005
Golden Energy0.168-
GSS Energy0.067-0.002
ISDN Holdings0.220-
ISOTeam0.2350.010
JB Foods0.6500.005
KSH Holdings0.455-0.010
Miyoshi0.036-
Moya Asia0.063-
Nordic Group0.265-
Oxley Holdings0.305-
Procurri0.300-0.005
REX International0.082-0.002
Riverstone0.920-0.010
Roxy-Pacific0.380-
Sing Holdings0.385-0.005
SingMedical0.320-0.005
Straco Corp.0.7600.005
Sunningdale Tech1.220-0.010
Sunpower Group0.445-0.005
The Trendlines0.078-
Tiong Seng0.210-0.005
Uni-Asia Group0.710-
Yangzijiang Shipbldg1.0100.010

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1180 guests and no members online