I believe Xinte Energy (HK.1799) will be a multibagger. The company just announced its stupendous earnings for FY2021 after market close on 25 Mar 2021.
The Group is
principally engaged in polysilicon production, rendering of engineering and
construction contracting (“ECC”) service for solar and wind power plants and
systems and solar and wind power plants operation (“BOO”).
Solid financials
It closed on 25 Mar 2021 at $16.68. Based on the closing price, the solid financial ratios of the company for FY2021 are as follows:P/E = 3.45x
P/B = 1.114x
Dividend = HK$4.8339 based
on exchange rate of 1RMB=1.23HK$
Dividend yield = 8.11%
Dividend payout ratio =
28%
ROE = 32.29%
Some important highlights
according to the earnings announcement:
• For the year ended 31
December 2021, the Group’s total profit showed an increase of 608.08% over the
corresponding period of last year.
• For the year ended 31
December 2021, the Group’s net profit attributable to shareholders of the
listed company showed an increase of 680.88% over the corresponding period of
last year.
• For the year ended 31
December 2021, the basic earnings per share amounted to RMB3.92, representing
an increase of RMB3.39 over the corresponding period of last year.
Earning Capability
EPS in billion RMB
4Q2021 1.754
3Q2021 1.973
2Q2021 0.98645
1Q2021 0.24155
Strengths
R&D with lots of
patents
In line with the world and
China government policies
Capacity increases
My avg price is $16.02 and
my my target price is $48 within a year for it to hit p/e of about 6x.
Prescientsuperphang
http://superphang.blogspot.sg
