Wednesday, 9 January 2013

CHUAN HUP

STRONG ACCUMULATION AT $0.27-$0.275. CLOSED $0.275.

EXPECT TO TEST $0.30 HIGH OF 2012.

FUNDAMENTALS:

PE : 4.3 x  at $0.275

YIELD : 3.7%

NTA : US $0.30 = SG $0.365

NAV : $0.39 (NET ASSETS/TOTAL NO OF SHARES).

GIVEN THAT GROWTH WILL PICK UP IN 2013, WE ASSUME CHUAN HUP SHOULD BE TRADING AT 8.6x PE or  $0.55.



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