The Q3 results announced yesterday was a good one.
- Revenue till Q3 has increased by 92% to 610M(RMB) compared to last year's 318M.
- Profit after tax: increased by 93% to 100M.
This has improved EPS to RMB0.24 (414M/100M, or S$0.053)) from previous RMB0.146 (60/414).
Last week's price now was S$0.095.
The PE is considered low as compared to China Hong Xing's 6.6.
If we use PE=3, then, there should be a upsize to S$0.159 (S$0.053 x 3) which is a substantial increase of at least 1.5 times (0.159/0.095) of today's value.
Buy now or regret.
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