Posted by 爱丽斯 梦幻世界 > 2014-04-11 23:02 | Report Abuse

20 yrs ago I work at OFI. Boss very nice man. :-)

Posted by Icon8888 > 2014-04-12 07:48 | Report Abuse

Steady hands

Posted by beso > 2014-04-12 13:51 | Report Abuse

any tp pls

Posted by sunshine88 > 2014-04-12 21:11 | Report Abuse

What is the forecast earning for fy2104

Posted by sunshine88 > 2014-04-12 21:12 | Report Abuse

sorry is fy2014

Posted by mbge7clt > 2014-04-12 21:14 | Report Abuse

can you pls blog about Engkah? another consumer counter...

Posted by mbge7clt > 2014-04-14 14:32 | Report Abuse

Engkah

Posted by Alphabeta > 2014-04-17 15:58 | Report Abuse

Agreed with you that OFI is a good counter but valuation is on the high side. Limited room for capital gain. Dividend yield has come down. The best time to go in was in early 2012.

Years Dividend Earning Revenue Profit Margin P/E Multiple
Yield Growth Growth Growth Revaluation
31/3/2010 6.5% 27.0% 6.1% 2.2% 65.0%
31/3/2011 5.0% -29.9% 18.8% -2.9% 49.9%
31/3/2012 5.3% 50.4% 30.8% 2.9% -37.3%
31/3/2013 4.7% -2.4% 8.6% -0.2% 14.6%
31/3/2014(f) 3.1% 21.9% 6.4% 1.3% 53.5%

You can see that in 2012,dividend yield was 5.3%, despite high earning growth driven by historical growth in revenue and profit margin, its P/E multiple has drop by 37.3%.

Though its FY 03/14 is expected to be good, its DY has come down to 3.1%. Its current is driven by high P/E multiple revaluation which has far outstrip the growth in earning.

Will wait for the right opportunity to enter.

Posted by Alphabeta > 2014-04-17 20:47 | Report Abuse

Need to analyze more to determine its future potential.

Posted by tonylim > 2014-04-17 20:55 | Report Abuse

icon, I thought you wrote on this one?

Posted by Alphabeta > 2014-04-17 22:08 | Report Abuse

Dear tonylim, this recommendation is written by icon. Just sharing my thought, no ill intention here.