With so much cash inflow, not so accurate to value SIA solely on PE ratio alone. At least until the next financial update. A discount to tangible asset may be a better valuation method.
Net asset right now is about $9b, add on $8.8b cash and divide by 3b shares = $5.9 per share
A 70% to 80% discount will give us a range of $4.13 to $4.72.
If based on NTA..Then HKL should be more than US$8, which is half.
Ordinary player think that way but investor think long term. Like cash flow, growth projection, external factors etc..........
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Which one will go back to last quarter price ?
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09-Apr 2020 Thursday
5:47 PM (1689 days ago)
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