Share price of chew's group did a catch up after the announcement of their FY2016 result. Even though there is no special dividend from the gain of disposal of their Murai chicken farm, share price of Chew's group went up to 32 cents or 30% on high volume of close to 2,000 lots compared to usual of less than 150 lots. The price surged is probably due to the increase of their NAV from around 30 cents to around 60+ cents. Based on the last traded price of 32 cents, I think there is more catch up to be done!! Do note that Chew's group new farm at Neo Tiew will require around $77m capex. The following are some of the financial number of chews group based on the updated FY2016 for your reference.
FY2016
Total equity (S$ '000) $51,707.00
Total Number of Shares ('000) 84,498.00
NAV (S$) $0.6119
Trade receivables $4,489.00
Inventories $1,200.00
Cash (S$ '000) $45,310.00
Property, plant and equipment $4,251.00
Biological assets $6,544.00
Land use rights $4,049.00
Total values $65,843.00
(Sum of assets)/Total Number of Shares $0.7792
Cash (S$ '000) $45,310.00
$0.5362
Debt secured non-secured Total
Payable <= 1 year(S$ '000) $1,610.00 $0.00 $1,610.00
Payable > 1 year(S$ '000) $297.00 $0.00 $297.00
$1,907.00
Debt / Equity 3.69%
Cash - Debt $43,403.00
Net Cash per shares $0.5137
Total Current Asset $51,391.00
Total Current Liability $10,280.00
Total Long term Liabilities $4,273.00
Net Current Asset $36,838.00
Net Current Asset Per shares $0.4360
Market Price per share (cents) $0.3200
Price to Book Value 0.5229
Average DPS $0.0045
Yield 1.42%
Average EPS $0.02357
Average PE 13.58
Outlook FY2016
While we will continue to operate at the present site, the Group will also place its focus on developing the farm facilities at the
New Site. The Group is expected to incur additional expenses and resources in relation to the design and construction of the new farm.
http://infopub.sgx.com/Apps?A=COW_CorpAn...241116.pdf
vested