Shares & Derivatives
China Animal Healthcare – a blog request from SG Lee……what to do with the stock which was delisted from SGX at S$0.30 and is now S$0.83
By Kevin Scully-Financial Blog  •  March 6, 2014
China Animal Healthcare - a blog request from SG Lee......what to do with the stock which was delisted from SGX at S$0.30 and is now S$0.83 Thursday, 6 March, 2014  3:6 PM
Posted by Kevin Scully

 China Animal Healthcare (CAH) was delisted from the SGX in August 2013 with an exit offer price of S$0.30.  At that time,  CAH shares were trading at about HK$2.50......they have since risen to above HK$5.00.......CAH was one of my recommended stocks before its delisting.

Is the share price justified ?

I have not followed the stock closely since its delisting from the SGX.  Looking at Bloomberg data at the current price - China Animal is trading on a historical PE of 58 and a prospective PER of 38.  They recently announced an acquisition in Mongolia - with the target valued at 20 times earnings.

If these ...

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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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