Current EPS is rm0.30 , say Q4 EPS rm0.05 ( very low but easily achievable ) , total year 2014 EPS stand at rm 0.35 , with a PE of 6 which is consider low for listed property counter , the fair price for SEAL is rm 2.10 . TP of rm 2.50 is reasonable. This is my opinion and I may be wrong.
0.25% rate hike is not going to affect property sales much. It's the willingness of the banks to lend (cheap money from US printing) that is going to impact. Banks are willing to lend with Govt help. 0.25% hike is aimed at credit/card consumer borrowing which is the more dangerous aspect of household debts, not mortgages for homes which are necessities!
I have a query: SEAL's year-to-date one-off or non-recurring profit is nearly RM33 million, RM25 million occurring in Q3. Anyone knows whether SEAL is going to continue relying on one-offs like sale of assets instead of relying on property developments?
seal plans to develop two focus (glowing gem) - The transparency of the company's earnings, primarily from its Klang Valley's first planned industrial development Cheras Queenville, Gross development value of RM800 million, including shopping centers, 49 units of shophouses three layers, three suites units, And five serviced apartments. Expected available for future 5-7 years of development. Penang Bayan C it y2 Another major industry for the company plan, the total value of 10 billion ringgit development, Including hotels, shopping centers, commercial centers, offices and suites units.
Q1 + Q2 + Q3 = 3 seasons earned (66.9 million), EPS = 31 SEN (Q4 yet counted oh) NTA = RM 1.16 RM 1.28 now only trading at PE = 4.1 times, slander obviously been overestimated, Reasonable PE = 7, Target Price = RM2.17 Estimate of Q4 EPS = 4SEN, the annual EPS = 35SEN count, but with PE = 5 Price = Rm1.75 (is not very attractive.), If pe = 7 (price = rm2.45) SEAL net cash companies have seen the beautiful outlook. 30 major shareholder already holds 63.89% (137,903), the market liquidity of only 83,499, the number of shares to 221,408. seal is definitely preferred stock investors, good potential value of the company, will be a dark horse stocks.
Personal finishing with projections into the Chu conceited.
Seal4286 Q1+Q2+Q3=3个季节赚了(6690万),EPS=31 SEN (Q4还未算入哦) NTA=RM 1.16 现RM 1.32 只是在PE=4.25 倍交易,明显被诋估了, 合理的PE=7 ,目标价=RM2.17 估计Q4的EPS=4SEN,全年EPS=35SEN算,只是用PE=5 股价=Rm1.75 (是不是很有吸引力.),若pe=7(股价=rm2.45) SEAL为净现金公司,有马币1.41亿(约相等每股65sen), 有投行Rhb,maybank的推荐与参与,价位更易上升. 从20/6/14开始上升,至今仍然保持良好的势头,逢低进场, 公司roe=22,很好的增长,目前要找支价值好且价位低的股票不客易, seal是我看到的其中一支增值股. Seal4286 Q1 + Q2 + Q3 = 3 seasons earned (66.9 million), EPS = 31 SEN (Q4 yet counted oh) NTA = RM 1.16 RM 1.32 now only trading at PE = 4.25 times, slander obviously been overestimated, Reasonable PE = 7, Target Price = RM2.17 Estimate of Q4 EPS = 4SEN, the annual EPS = 35SEN count, but with PE = 5 Price = Rm1.75 (is not very attractive.), If pe = 7 (price = rm2.45) SEAL net cash company with RM 141 million (equivalent to approximately HK 65sen), Investment bank Rhb, maybank recommendation and participation, more price rises. From 20/6/14 began to rise, still maintain a good momentum, bargain approach, Company roe = 22, good growth, currently looking for good value and support low-priced stocks are not off easily, seal is where I see a value shares.
lol... unemployed, are you speaking for your own portfolio holding? IMO, Seal need to at least break and close above 1.35 to show off its potential. Now its 1.31, and the day are still young. But if it close below 1.25, then there is a high possibility to retrace even deeper down.
upsidedown119, why would you minus off the non-operating profits for the EPS? I tot that all we have to do is by using the net profit divided by the number of total outstanding shares ?
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
upsidedown119
4,326 posts
Posted by upsidedown119 > 2014-07-15 13:26 | Report Abuse
Buy on weakness and average down if bought high like yours truly. TP is likely to be very, very much higher.