I think this is very good analysis...and I am bullish.
Valuation wise, it has to be done in two parts, the manufacturing and the property division. I expect both divisions to do well even despite the soft property market.
can someone help me to do a some of parts valuation...for the strong growth in the manufacturing division, I will give it a 20 - 25 X latest results. I consider this very conservative in view of excellent management, oil prices to remain low, US$ to remain strong.
for property division to give it a 15% discount rate ( very conservative) I actually think Scientex property division will do very well because it is into affordable housing in small towns and don't run into the troubles of the other developers in 2016.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....