China Animal Healthcare – an old Stock Pick delivers a strong set of 2011 earnings…..I am adding it back to my Stock Picks……find out why
Friday, 2 March, 2012 12:7 AM
Posted by Kevin Scully
I first recommended China Animal Healthcare when the stock price was S$0.28 and added it to my Stock Picks. At S$0.40 on 9 December 2010, I removed China Animal from my Stock Picks because valuations were stretched and it was 2 cents away from my fair value of S$0.42.
Earnings of China Animal were impacted by costs associated with its HK dual listing in 2010 and I was looking for a rebound in earings in 2011 – which have just been released. With the share price now at S$0.24, even lower than when I first recommended it but with base 2011 profits higher than when I first …