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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Asia Asset Finance PLC

Asia Asset Finance PLC

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1Asia Asset Finance PLC Empty Asia Asset Finance PLC Wed Aug 03, 2016 12:15 am

EquityChamp

EquityChamp
Moderator
Moderator

Asia Asset Finance is a 2nd tier finance company showing a promising growth to me. Revenue and earnings are growing steadily. Further can see a fantastic growth in their loan book where Q2 16/17 growth is 74%.

Here a summarised version of AAF forecast for 16/17.
 FY 14/15FY 15/16Q1 16/17Q4 16/17FY 16/17 F
NII369672         236          314         1,095
Operating profit before VAT124257           79          131            413
PBT103209           66          111            348
PAT101175           56            95            296
EPS       0.12        0.21         0.07         0.11           0.35
 @ CMP of 1.60 it is trading @ a forward PE of 4.6x with a PBV multiple of 0.9x. This is another fantastic stock you can buy under Rs10/-. But remember it is a highly liquid stock similar to CSF so millions need to be traded for each 10 cents movement.

Thanks

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