I really think this is a good time to enter layhong becoz by looking at the total of NTA and EPS the basic share price is already around 0.56 without including the intangible asset. By right the base price for layhong should be around 0.6 smth after including all the intangible asset. So i think 0.63 should be very close to layhong bottom line already plus the new factory is done and will double up the production.
This is my opinion la plz correct me if i am wrong
This is March news post but it quoted the important information of growth due to new plant completion.
“Furthermore, the completion of a new processing plant would boost earnings of the joint-venture with NH Foods Ltd. We believe this would translate to core earnings growth of 85 per cent and 34 per cent for financial years 2018 and 2019 respectively,” analyst Clement Chua said in a research note today.
After 5 days of dropping from 0.71, it is already oversold now. When we invest the most important criteria is the growth potential based on KYY golden rules...
Very interesting conversation. But I don't understand why are you guys looking at this counter when there are so many potential upsides in the Oil and gas currently. With oil price going up, this will translate to higher energy cost for food producers like Lay Hong. And people are still waiting ?
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steeelman
845 posts
Posted by steeelman > 2018-10-02 15:38 | Report Abuse
relax