Under the Radar Utilities

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20 Jan 2021 22:32 #25605 by walterlim
SIIC has been quite under the radar. With the deluge of funds flooding in the market and tech/finance stocks saturating, it might be worthwhile to take a look at utlities related shares.

In 2016, Shanghai Industrial Group bought in 350,000,000 placement shares at $0.63. Lets take a look at Q32016 restuls 

Revenue - 394,861,000
Net Profit - 110107000
EPS - RMB4.17 cents 

Compare this to Q32020

Revenue - 1506532000
Net Profit - 231280000
EPS - RMB 6.28cents

Interestingly, Shanghai Industrial Group is the largest shareholder now with 48% stake. Clearly, EPS now has improved compared to 2016, when placement shares were bought in at $0.63. 

Share price now is trading at $0.19. If I were Shanghai Industrial Group, what would i do? Even if i offer a buyout offer at 150% of current price, that would be only $0.28, still way cheaper than the $0.63 bought in 2016.

 

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11 May 2021 07:24 #25738 by walterlim
Replied by walterlim on topic Under the Radar Utilities
In the latest financials released yesterday, cash balances stand at about $720million SGD. Current market capitalisation is only at $620.

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