Help International Corporation (HELP) is involved in the provision of education programmes at pre-university, undergraduate and postgraduate levels.
Recently it just proposed a bonus issue at 3 bonus shares for every five existing shares at 1st Oct 2010. After bonus issue, the total outstanding shares will be 142 million shares. Last 4 quarters registered a net profit 18.6 million which convert to EPS is 13 cents.
Based on market share price RM 2.30, it gives PE around 17.7
There are some projects are running currently:
1. Help@Fraser Park, located in Metropolis Kuala Lumpur and it will be completed by Sept 2010.
2. Help@Subang 2, a 24 acre Eco-Campus which will be ompleted at end of 2012.
3. Investing RM 50 million 21 story residence in Damansara Height which can accommodate 900 students.
what do you think of asia file...? fundamentally quite sound.
ReplyDeleteGood evening learner,
ReplyDeleteI did look at it before.
Yes, AsiaFle is a good fundamental company, cash rich and stable but I am not comfortable with its last 4 quarters revenue, it shows decreasing.
EPS stands around 50 cents, PE 9
This price for me is slightly undervalue.
I just check on its major shareholders at annual report 2010
30 major shareholder control 93.3% shares, this will make the share price hardly to move unless there is something surprise announcement there.