$Jardine C&C (C07.SG)$ The company is making big profits for...
The company is making big profits for FY2023 with full year earnings at 1.16 billion USD and EPS at $2.94. Total dividend for FY2023 is $1.58 SGD and dividend yield is around 6%. The current share price trading at $25.72 is trading at PE 6.52 which is undervalued compared to sector average PE for US auto stocks. By applying 9 x current EPS, the share price should be worth $35.46. This is my view. DYODD.
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102539156 Dan : But the share price been beaten badly
KB trader : Stock prices are ahead of what is to come or expected…Peak earnings liaoz.. just like banks and property stocks.. we are entering a major downturn so we will be seeing impairments and earnings downward revisions going forward.
Deep SeaOP 102539156 Dan: Yup. At 25.xx level, good to start accumulate and average down.
102539156 Dan KB trader: U mean there will b more downtrends to come?
102539156 Dan : It has been very heavy selling since last year end… no sign of stopping yet
Deep SeaOP 102539156 Dan: It is now at 52 week low. I think the price will stay above 25.
多買多賺買少少虧金牛 : might due to political risk uncertainty of indonesian new government
wahoo mu mu : Keep it and get the dividends! I don't believe it will drop unacceptably in 24 years
KB trader 102539156 Dan: They forecast earnings decline in the foreseeable future, investors likely will see a decline in dividend payout which could be double digits in terms of percentage so stock price is pricing in this.