If I were boss of Sinotel and I am seeing my peers getting 2-3X higher valuation on HK and/or Nasdaq, I would be in a hurry to seek a dual listing. Now at just 6X historical PE, Sinotel could easily enjoy 100% upside in HK. Jeez that means 56 c X 2 = $1.12. Can u imagine Sinotel at $1.12? Its peers are doing 15X PE on average, according to the comparison done in a table at
www.nextinsight.biz/content/view/2254/79/
Based on half-yr results released a few days ago, the PE for current yr looks like 4-5X, which is pretty cheap. There is no sizzling growth however in 1H. Dont know abt prospects. However, what is attractive is its fat net profit margin of 25%. 25%!!!
Hi All, I said this is a crap stock at 55 cents and I still said this is a crap stock at 40 cents. If you want to invest in this Company, you better read reports on Comba Telecom and Centron Telecom (both listed in HK) before you act. Have a good long weekend.