Based on Bloombergâs consensus estimate (two brokers), Pan United Corporation (PUC) has a 12-month target price of S$0.75 with a forecast net profit of S$36.1m for 2012.
The stock is trading at 10.5x 2012F PE with a dividend yield of 5.2%.
PUC has a share buyback mandate and had accumulated more than 8.0m shares from the open market.
