Powerlong 1238

[soros]

The 1238 shares attempted to rise on tuesday morning but the traders gave up when concerns for rising inflation figures hit the US market . The shares are still on low PE ratio of 4.7 and so the big rise in share price is just delayed in coming.

[soros]

The 2021 Interim results reported net profit to parent company was RMB 3.91 Billion , an increase of 76%.

The interim dividend was raise from 12 cts ( last year ) to 18 cts. an increase of 50%.

The 2020/12 EPS was $1.75 .

The 2021 Int EPS is $1.13 so we can expect 2021 Final EPS at over $2.

So the forward P/E ratio is very low = $5.88 ( closing share price on 10 Sept) / $2 = 3 approx.

This stock will pay 18 cts interim div and I am looking for 35 cts final div = $0.53 div ( total for 2021)