I am quite happy w the latest financial reports .. 2Q'19.
1. highest revenue since listing
2. 2Q'18 shows a profit of $3.753 mil. In Q2'18 there was an one off profit of $1.3 mil. If we yake away the $1.3 mil, the actual operating profit would be $2.453 mil which is actually lower than Q2'19 profit of $2.736 mil.
3. Q2'19 profit of $2.736 is also higher than Q1'19 profit of $2.09 1 mil by 30.8%.
4. If we even out, the average 6 quarters profit, the quarterly average profit is around $2.5 mil. This implies an annual profit of around $10.0 mil
5. If the above computation is correct, current year result will be the company's best since listing both in revenue n profits.
6. main disappointment was the lower dividend declared from 0.8 cts to 0.68 cts. Even so, i expect the full year dividend to be at least 1.5 cts giving a dividend yield of 4.1%.
I have been eyeing Singapore Medical Group. It has been downtrending, don't know why, perhaps being depressed for a cheap lowball takeover. 30 cents -- Now only 11X PE, so cheap compared to ISEC receiving a TO at around 22x?
