14-02-2018, 01:48 PM
(14-02-2018, 10:37 AM)Young Investor Wrote:(13-02-2018, 05:51 PM)Bluechipfan Wrote: With the positive profit guidance, should I 'resurrect' my forecast of rmb 300m FY17's net profit? With 9M17 standing at 209m, and 4Q16's net profit being 66m, 4Q yoy must see increase of at least 39% to hit 91m thus achieving full year net profit of 300m. Now this seems possible and we may see eps of at least sgd 13 cents and dividend of at least 2.6 cents (including.5 interim dividend) if things progress smoothly.
Bluechipfan
Do you think 39% increase is substantiated to warrant a positive profit guidance?
I don't know. This kind of announcement is arbitrary in nature. I recall someone somewhere ever 'back testing' to see how substantial the increases were after such announcements but results inconclusive. I sure hope it is 139% but taking Phillip securities' forecast as guidance, maybe we can expect full year net profit of rmb 344m?