bullish
Singamas (716 HK): Further Positive Indications from CIMC Profit Alert
Osbert has highlighted this Insight as a Top Pick
585 Views27 Jan 2025 08:00
CIMC's positive profit alert hints at strong profit performance for Singamas in 2H24. Net cash, which equals 86% of market cap, 6x PER, and at least 8.8% yield are attractive.
What is covered in the Full Insight:
- Introduction
- CIMC Profit Alert Impact
- Singamas' Financial Overview
- Comparison with CIMC
- Potential Yields and Dividends
Boomeranged on Wed, 5 Feb 2025 08:24
Singamas announced an FY24 positive profit alert, expecting a net profit of at least US$30m, with 54.3% YoY growth. The key reasons are strong container demand, higher gross margins, and leasing business growth. While the indicated profit is less than 1H24 annualised, it still implies a 32.5% growth in 2H24. Assuming an unchanged payout ratio, its dividend yield stays attractive at 7.5%.
SUMMARY
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Osbert Tang, CFA
HK/China Equity Long-Short
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