The best commodity stk is still Wilmar as they abide by China policy not to increase coking oil prices when palm oil price was high, now Authorities will return favor give them access to cheap CPO and soy oil nsow that international CPO prices down so much
Eratat is certainly cheap as it has cash of 14-15 cents a share and zero bank borrowings, compared to stock price of 11 cents. However, I wouldn't say it is the cheapest on SGX. Several other S-chips are also trading at way below net cash per share.
Eratat is certainly cheap as it has cash of 14-15 cents a share and zero bank borrowings, compared to stock price of 11 cents. However, I wouldn't say it is the cheapest on SGX. Several other S-chips are also trading at way below net cash per share.
Profit growth seems sustainable and with such low PE ratio at 1.8, Eratat seems to be a great steal. At such beaten down price and high div yield, it is like buying condo/ HDB flat cheap before the two IRs opened. When it goes above 20 cts which is highly possible, funds will start to chase.
Buy FujianZhenyun. Another undervalue stock!
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[Value Seeker 23-12-2012]:
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[Teu 23-12-2012]:
Eratat is certainly cheap as it has cash of 14-15 cents a share and zero bank borrowings, compared to stock price of 11 cents. However, I wouldn't say it is the cheapest on SGX. Several other S-chips are also trading at way below net cash per share. Profit growth seems sustainable and with such low PE ratio at 1.8, Eratat seems to be a great steal. At such beaten down price and high div yield, it is like buying condo/ HDB flat cheap before the two IRs opened. When it goes above 20 cts which is highly possible, funds will start to chase.