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10-01-2011, 04:26 PM
I am wondering whether am I missing out something in this property developer company ? This small cap company is currently trading at $0.40 per share. It generated $1.8 million net profit in 1Q 11 which translates to an EPS of 0.08 cents. It has equity of $13 million or a NAV of 0.94 cents.
Is there a reason why the market is valuing it with a PER of 125 and P/B of 42.55 ?
Perhaps, they are developing plenty of projects which they have yet to book in the P&L Statement ? Noticed they got quite a fair bit of properties under development in their current assets.
(Not Vested)
Is there a reason why the market is valuing it with a PER of 125 and P/B of 42.55 ?
Perhaps, they are developing plenty of projects which they have yet to book in the P&L Statement ? Noticed they got quite a fair bit of properties under development in their current assets.
(Not Vested)
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