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里昂重申买信德(0242.HK);指估值十分吸引

Lyon reiterated his purchase of Sindh (0242.HK); said the valuation was very attractive

里昂證券 ·  Apr 13, 2015 15:50  · Researches

Shun Tak Group (0242.HK) made a net profit of HK$4.453 billion in 2014, an increase of 2.2 times, a final interest of HK$0.02 (none in 2013), and an additional special interest of HK$0.145.

Lyons believes that Sindh's revenue surged 1.6 times last year and core profit surged 5.6 times. The momentum can remain strong this year. Currently, it has net cash on hand of HK$3.5 billion, which is a powerful way to seize various investment opportunities. Its “South Bay Coast” housing project and Jetstar Airways are expected to drive stock prices; current prices are discounted to net asset value by 76%, and the valuation is very attractive, and they are once again buying again.

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