Anyone vested? Price action seems good so far:
Current Share Price: S$0.20
Cash/Share: S$0.30
Super Low P/B: 0.23~0.31
Super Low P/S: 0.37
Market Cap: 105m
Low P/E: 5.02
Positives: Undervalued, Good/Growing/Sustainable Dividends, Consolidation Stock (5 years), Improving Outlook, Property Stocks Upswing, Share Buybacks, Consistent TA Retracement (0.100, 0.150, 0.200)
Negatives: Illiquid, Irregular Dividend Payouts in earlier years
Is Dividend Sustainable?
Dividend Cost 2017 = 15,565,800 (15%) = 0.03
Dividend Cost 2016 = 7,782,900 (10%) = 0.015
YUP
One of the last bargains in the market that may be poised to ride the property counter upswing. Pan Hong is a Hong Kong Property Developer
*Total Loans has been dropping for the past 3 years and NAV/share has been growing
*NAV is @ 0.87 and gearing has declined as well from 47.9% in 2015 to 33.6% in 2016 and 30.4% in 2017
*Revenue more than doubled from FY2016 to FY2017 (123m SGD to 284m SGD)
*Sustainable (and possibly growing) Dividend. Even if they pay the same 15% next year it will cost them just 15m SGD (Their cash balance was 156m SGD In FY2017 and they had operating cash flow of +94 SGDm
*Counter seems to have turned a corner in the past 1 or 2 years but not appreciated by the market
Am vested and am queueing patiently for the upswing in this counter once the market has discovered and appreciated this gem. Minimum TP $0.30
Get dividends every year while waiting for the counter to appreciate
Current Share Price: S$0.20
Cash/Share: S$0.30
Super Low P/B: 0.23~0.31
Super Low P/S: 0.37
Market Cap: 105m
Low P/E: 5.02
Positives: Undervalued, Good/Growing/Sustainable Dividends, Consolidation Stock (5 years), Improving Outlook, Property Stocks Upswing, Share Buybacks, Consistent TA Retracement (0.100, 0.150, 0.200)
Negatives: Illiquid, Irregular Dividend Payouts in earlier years
Is Dividend Sustainable?
Dividend Cost 2017 = 15,565,800 (15%) = 0.03
Dividend Cost 2016 = 7,782,900 (10%) = 0.015
YUP
One of the last bargains in the market that may be poised to ride the property counter upswing. Pan Hong is a Hong Kong Property Developer
*Total Loans has been dropping for the past 3 years and NAV/share has been growing
*NAV is @ 0.87 and gearing has declined as well from 47.9% in 2015 to 33.6% in 2016 and 30.4% in 2017
*Revenue more than doubled from FY2016 to FY2017 (123m SGD to 284m SGD)
*Sustainable (and possibly growing) Dividend. Even if they pay the same 15% next year it will cost them just 15m SGD (Their cash balance was 156m SGD In FY2017 and they had operating cash flow of +94 SGDm
*Counter seems to have turned a corner in the past 1 or 2 years but not appreciated by the market
Am vested and am queueing patiently for the upswing in this counter once the market has discovered and appreciated this gem. Minimum TP $0.30
Get dividends every year while waiting for the counter to appreciate
