We have purchased 12,000 units of APAC Realty last week (7th December 2017) at $0.86. The IPO price was at $0.66, opened at $0.695 on 28th September 2017 and went as high as $0.975! At the point of writing this article, the price is currently at $0.865.
The latest 3rd Quarter financial statement was pretty good where the revenue till date for the year (9 months) improved by 30.3% and the profit by 64.6%!
In its IPO prospectus, using the adjusted 2016 EPS of 4.47 cents and IPO price of $0.66, the PE ratio was about 14.76. If we were to use a more conservative approach, we know the PE for 2016 is 4.47 so the EPS for the last quarter is probably 4.47 – 3.52 = 0.95. Assuming that the remaining 2017 (last quarter) would perform as good/bad as 2016, the full year EPS estimate would be around 5.78 + 0.95