APAC Realty --- Still lagging behind PropNex

 I bought APAC Realty on 26 Oct 2020 at 37 cts. It closed on last Friday, 28 May 2021, at 64.5 cts. My ROI on paper is about 73.6%. 

Sell or don't sell? I will keep it! Why?

My simple calculation is that it should be worth 83.7 cents based on equivalent forward p/e of PropNex derived from the latter's closing price of $1.59. The forward p/e of PropNex is about 9.913x now. 

This will mean APAC Realty will still have an upside of 29.76% to catch up with PropNex even if the price of PropNex remains stagnant at $1.59. I believe PropNex still has room to move up given the increase in property sales and rental transactions. 

Anyway, 73.6% is definitely not a bad on-paper ROI within 7 months or so. 

Superphang
http://superphang.blogspot.sg

Excelpoint: A potential multibagger

 $Excelpoint(BDF.SI)

Voila! This will be another multibagger after Sinostar Pec.

Q1 EPS = 3.66 US cents, compared with 0.19 cents the year before. This is a solid growth of 1826% yoy!

3.66 US cts = 3.66*1.3250 or 4.8495 S’pore cts.

If the price can be 12x the annualised EPS, price of Excelpoint should be 4.8495*4*12 = 232.776 S’pore cents or S$2.32776. 

Another plus point is that the company has been willing to give solid dividend to share the fruits with its shareholders. Also, the company is confident of growing the business sustainably.

Target price is $2.33 within one year.

Superphang
http://superphang.blogspot.sg

Sinostar Pec - A potential multibagger

Sinostar Pec: Solid Q1 earnings. Solid EPS growth. It will be a multibagger if the growth can be sustained. With the new plant for producing PP in operation at the right time and with PP in great demand, it seems that this solid growth is sustainable.

Only concern is that the boss Li Xiangping has to give solid dividend in second quarter to make value investors more willing to invest their money in the company for the long haul and he has to resume his buying spree like what he did in 2019.

My average price is $0.218. Target price is $1.25 within a year.

Superphang

http://superphang.blogspot.sg