11-11-2014, 08:57 AM
Nam Cheong just posted a set of impressive 3Q P&L numbers….
http://infopub.sgx.com/FileOpen/NCL-3QAn...eID=323781
but its B/S has been increasingly geared up!
Based on its last done share price of $0.41, Nam Cheong is being valued by Mr Market at approx. 1.9x its latest (30Sep14) NAV/share at MYR0.553 (approx. $0.214).
Between Nam Cheong and Penguin, if taking out the consideration of size, I suppose it is quite clear which is a safer and better investment bet.
http://infopub.sgx.com/FileOpen/NCL-3QAn...eID=323781
but its B/S has been increasingly geared up!
Based on its last done share price of $0.41, Nam Cheong is being valued by Mr Market at approx. 1.9x its latest (30Sep14) NAV/share at MYR0.553 (approx. $0.214).
Between Nam Cheong and Penguin, if taking out the consideration of size, I suppose it is quite clear which is a safer and better investment bet.