FRAGRANCE IN-DEPTH STUDY ON 01 MAR 2013

FRAGRANCE IN-DEPTH STUDY ON 01 MAR 2013

This in-depth study is done on request by one of Jay Chia’s client. If you are interested in getting such study done, be part of Jay Chia’s group by contacting him.

Fragrance – Evaluated price $0.26 (01 Mar 2013)

Investment analysis (Long-term)

Earnings per share: $0.015
Dividend per share: $0.0195 (including Special Dividend)
Dividend yield: 7.5% (including Special Dividend), 1.7% (excluding Special Dividend)
Net Assets Value: $0.1309

Personal valuation range: $0.061 – $0.533, Average: $0.273

Personal Opinion:

Fragrance had been undertaking corporate restructuring after listing of its subsidiary, Global Premium hotels, in order to focus in property business. This enables Fragrance to be cash rich and is able to make significant property investments last year. One of the major acquisitions that were made is NOL building in Alexandra Rd. Its revenue has been increasing …