The analysts had a favorable impression of Hankore's operations.
Following the visit, CIMB-GK analyst Roy Chen issued a non-rated report with a target price of 7.8 cents, about 10% above its recently traded price of 7.1 cents (Mon market close).
"Riding on China’s inevitable trend of increasing environmental awareness, HanKore’s water treatment business is set to soar on both capacity expansion and higher tariffs from the water standard upgrades," said the analyst.
"At 12.2X price-earnings and 0.9X price-to-book, the stock has the most attractive valuation among its peers, which have an average PE of 18.5X and P/BV of 2.03X," he added. 550_Aeration-sedimentary-po
At this price if u consolidate 10 into 1 is about $1.20 i.e the high the former Biotreat had ever reached...now renamed Hankore..probably overvalued liao..the push may be for consolidation exercise..trade with care
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ticktock
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Posted by ticktock > 2013-10-07 15:55 | Report Abuse
back to 0.05?