Singapore Stock Market News

PEC Ltd - Bottom Fishing

StockFanatic
Publish date: Mon, 17 Sep 2012, 10:40 AM
StockFanatic
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Deep value
PEC Ltd's (PEC) share price has fallen by almost half from its peak of S$1.37 per share in Jan 2011 and may have already bottomed out. Year-to-date, its share price has also been uninspiring, hovering mostly around the S$0.60-S$0.70 region. We now see very deep value in the group, with its stock trading at 13% discount to its book value of S$0.79 per share with a net cash of S$0.44 per share, or 64% of its market capitalization. Excluding its net cash value, it is trading at just 3x PER.
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