Dongyue Group (189.HK) is principally engaged in the manufacture, distribution and sale of refrigerants, polymers, organic silicone and dichloromethane, polyvinyl chloride (“PVC”) and liquid alkali and others.
I started accumulating Dongyue shares since mid-August 2022 for
its solid sustained earnings growth and my average price for it is HK$8.796. It
closed on 27 Jan 2023 at HK$9.73. Given the solid growth and its very low forward
price-earnings ratio of about 4.5x, I believe it can be a multibagger within
2023.
The
earnings per share in RMB since FY 2020:
2H2022 1.004 (estimated)
1H2022 0.76
2H2021
0.69
1H2021
0.29
2H2020
0.17
1H2020
0.2
Weekly chart
showing price has moved above 20w MA after about 1-year consolidation. Bullish!
Two latest articles
written in Chinese which may be of interest to you:
https://cn.investing.com/news/stock-market-news/article-2170427
业绩持续爆发，东岳集团有望成为最闪耀的星？
https://finance.sina.com.cn/wm/2023-01-27/doc-imycrfmq0588609.shtml?cref=cj 左手锂电右手光伏！氟化工小巨人，今年能爆赚吗？
My target price for Dongyue is at $25.9 which is when its P/E hits about 12x based on the current price of $9.73.
Prescientsuper
http://superphang.blogspot.sg
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ReplyDeleteDongyue Group (189.HK) is principally engaged in the manufacture, distribution and sale of refrigerants, polymers, organic silicone and dichloromethane, polyvinyl chloride (“PVC”) and liquid alkali and others.
I started accumulating Dongyue shares since mid-August 2022 for its solid sustained earnings growth and my average price for it is HK$8.796. It closed on 27 Jan 2023 at HK$9.73. Given the solid growth and its very low forward price-earnings ratio of about 4.5x, I believe it can be a multibagger within 2023.
The earnings per share in RMB since FY 2020:
2H2022 1.004 (estimated)
1H2022 0.76
2H2021 0.69
1H2021 0.29
2H2020 0.17
1H2020 0.2