Roxy Pacific - undervalued

The revenue for the next 2 years will be excellent! The bulk of the outstanding S$810 million in progress billings will be recognised in the next 2 years.

Based on gross profit margin of 20%, you can calculate the profit....to be in excess of S$150 million.

Today is the last day for buying shares to be entitled to Interim dividend of 0.67 cent a share. Tomorrow will go x-d.

ROXY closed at 46 cents unchanged with 313,000 shares changing hands.
...tomorrow will adjust down a bit by 0.5-1.0 cent as it goes x-d.

I notice some interest in Oxley Holdings in this forum. Oxley looks relatively expensive compared  to Roxy Pacific which has superior earnings profile.

Roxy earned S$51 m in the last FY and has a market cap of $440 m.

Oxley earned $16.9 m ..... market cap $588 million.

Judge for yourself!

Sing holdings earned $16.7m for 1h2012 or $32m if annualised with market cap of $138m market cap..... Judge for yourself

to add the gain is 100% profit with zero revaluation gain.....compared to roxy