Shares & Derivatives
On Bonvest
By Investment Moats  •  January 17, 2008
By: Drizzt bonvests.bmpI mentioned that during this correction, some of these stocks that you like have come down to rather reasonable valuations. Bonvest could be one of them. I do like Bonvest when it is below $1, much because of its diversified business of Food,Industrial, Hotel and Property. A check shows that the last quarter has edge decent revenues and profits. The more important question is whether, like most of the property shares, they are correcting from absurd valuations. Capitaland, Wingtai, Wheelock are some of the companies that have come down alot. That seems to mirror what Albert Lam from IPP Financials said in the talk I attended yesterday that the smart money is moving to the lower and higher end residential property as the mid range one is getting absurd pricing. Anyway here is a look at some Fundamentals:
  • A return on investment of 11%
  • Based on last annual operating profit after tax, its current cashflow value is 94% of current share price of $1.00
  • discount this cashflow to perpetually and its value is 134% of current share price value Read more...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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