Friday, 7 December 2012

HANKORE VALUATION REPORT

 
HANKORE reported earnings of RMB $0.02 for FY 2012. The average industry PE(Price/EPS) is 23times. Based on HANKORE share price $0.035, it is trading at PE of 8.9x.
 
P/E RATIO =  HANKORE's SHARE PRICE / EARNINGS PER SHARE
 
SGD$0.035 * 5.10(SGD/CNY) / RMB$0.02
 
8.9 x
 
IF we use the PE ratio of industry average norm of 23, HANKORE be valued at 9cents.
 
23 x = HANKORE's SHARE PRICE / RMB $0.02
 
HANKORE's SHARE PRICE = 23 x 0.02
 
RMB $0.46
 
SGD = $0.46/ 5.10(SGD/CNY)
 
SGD $0.09
 
 

1 comment:

  1. What will be your projection for FY 2013 ?

    ReplyDelete