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 ...