Nam cheong seems to be one of the very undervalued stocks that is affected by the slump in oil price. Recently, it had sold 2 of its vessels for US $58m and its book orders stood healthily at $635 million ringgit.
Source: http://www.businesstimes.com.sg/companies-markets/nam-cheong-clinches-us58m-orders-for-two-vessels
It has a PE ratio of 5, with a 5% dividend growth rate and its price stood at 1 year low.
Source: http://www.bloomberg.com/quote/NCL:SP
Assessment
Since it sold 2 vessels in USD and its financial statements deal in ringgit, it is very likely that this deal will cause a spike in earnings.
No comments:
Post a Comment