@SilverHawk wrote:@Monster wrote:@SilverHawk wrote:CDB can pass 150/= in short run.
If CDB able to produced same result in Q4 as they did in Q3,
Their EPS will be 10.2 and P/E will be 95.5/10.2 = 9.4 according to the current price level.
Backing sector PE is around 21, there for it’s extremely undervalued.
(Note that, this is my personal view and can be right or wrong)
They produced EPS 5.31 in 3Q. But most of the income has come from other income. The regular income didn't improve much. So, it's hardly unlikely they will produce the same EPS in Q4.
CDB 2010/11 Q1
EPS: 0.87 and growth compared to previous quarter 7.21%
CDB 2010/11 Q2
EPS: 1.65 and growth compared to 2010 Q1 89.45%
CDB 2010/11 Q3
NP: 210,699 (include 114,975 million market to market adjustment)
EPS: 5.31 (with market to market adjustment)
EPS: 2.41 (without market to market adjustment) and growth compared to 2010 Q2 46.19%
If they able to produced same Q3 results in Q4
Annualized EPS: 7.83 + 2.41 = 10.24
They are showing 50 million 'other income' even without the mark to market adjustment? if it's a regular income they should list it as such and tell us what it is. that way we won't have to guess.
If you look at the cash flow statement. they do have 55 million in commissions for the last 9 months and my guess is that figure can be fairly consistently maintained. but the 78 million 'other income' for the 9 months we cannot expect being repeated because in 2009/2010 they made only 19 million in 'other income' for 9 months. There is a good chance that these are one off capital gains that cannot be repeated.
they've also put down 15 million income from doubtful debt. that is definitely a one off adjustment that value should always be negative and around 10 million all things considered.
IMHO, you cannot expect anything remotely close to this performance in the next quarter they should have at least 10 million