28-01-2011, 08:14 PM
(This post was last modified: 23-02-2011, 09:35 PM by value.for.money.)
Excellent 9M'10 results: http://info.sgx.com/webcoranncatth.nsf/V...600153C6A/$file/CESCorp_3Q2010Announcement.pdf?openelement
Trading at P/E of 3.9, Yield of 6.7, P/B of 0.95 and ROE of 29.24, making really good value criteria.
Should not be very much affected by the new rules by the government in the property market as most of its new projects are ECs and HDB flats.
Edit: FY'10 results were released yesterday (22/2/11) and showed that CHS had achieved a startlingly good performance in terms of both net profit and revenue over the past 12 months, which were up 45.7% and 26.7% respectively: http://info.sgx.com/webcoranncatth.nsf/V...F00337874/$file/CESC_4Q2010_Announcement.pdf?openelement
They also announced a dividend of 4.0 cents a share, up from 3.0 cents a share in the previous year, which results in a very high yield of 9.0 as of today's closing price of $0.445 (23/2/11). To update their value criteria, it has a really low P/E of 2.7, a relatively high ROE of 31.5 and a P/B of 0.84. From my perspective, this is very attractive.
Am very sure this is a gem ... anyone?
Trading at P/E of 3.9, Yield of 6.7, P/B of 0.95 and ROE of 29.24, making really good value criteria.
Should not be very much affected by the new rules by the government in the property market as most of its new projects are ECs and HDB flats.
Edit: FY'10 results were released yesterday (22/2/11) and showed that CHS had achieved a startlingly good performance in terms of both net profit and revenue over the past 12 months, which were up 45.7% and 26.7% respectively: http://info.sgx.com/webcoranncatth.nsf/V...F00337874/$file/CESC_4Q2010_Announcement.pdf?openelement
They also announced a dividend of 4.0 cents a share, up from 3.0 cents a share in the previous year, which results in a very high yield of 9.0 as of today's closing price of $0.445 (23/2/11). To update their value criteria, it has a really low P/E of 2.7, a relatively high ROE of 31.5 and a P/B of 0.84. From my perspective, this is very attractive.
Am very sure this is a gem ... anyone?