10-08-2017, 08:50 PM
AP Oil posted a very poor set of results for HY17:
http://infopub.sgx.com/FileOpen/APO%20Ha...eID=466371
Net profit almost halved from $2.7m to $1.5m.
On the other hand, its competitor United Global has been done well for the same period:
http://infopub.sgx.com/FileOpen/UGL%20-%...eID=466311
Net profit grew a third from US$2.7m to US$3.6m.
It appears the market has been fair to price United Global at a higher multiple compared to AP Oil.
http://infopub.sgx.com/FileOpen/APO%20Ha...eID=466371
Net profit almost halved from $2.7m to $1.5m.
On the other hand, its competitor United Global has been done well for the same period:
http://infopub.sgx.com/FileOpen/UGL%20-%...eID=466311
Net profit grew a third from US$2.7m to US$3.6m.
It appears the market has been fair to price United Global at a higher multiple compared to AP Oil.