Stock Name: OKP
Company Name: OKP HOLDINGS LIMITED
SIAS Research in a July 27 research report says: "OKP reported a strong set of 2Q FY2011 results that exceeded our high expectations, with PATMI growing by 60.6% y-o-y and 31.6% q-o-q.
"We reiterate that OKP currently sits on cash of $98.6 million or net current assets of $54.5 million and leases of just $1.3 million. This cash reserve can be used to fund inorganic growth and maintain profitabiliity. Excluding its cash of 32.4 cents per share, OKP trades at an attractive multiple of 4.5x trailing 12M earnings.
"We raised our FY11F PATMI forecast from $22.8 million to $23.1 million following OKP's strong performance in 2Q FY2011. Incorporating the higher margins into our model, we arrived at a higher intrinsic value of 98 cents. MAINTAIN INCREASE EXPOSURE."
Company Name: OKP HOLDINGS LIMITED
| Research House: SIAS | Price Call: BUY | Target Price: 0.98 |
SIAS Research in a July 27 research report says: "OKP reported a strong set of 2Q FY2011 results that exceeded our high expectations, with PATMI growing by 60.6% y-o-y and 31.6% q-o-q.
"We reiterate that OKP currently sits on cash of $98.6 million or net current assets of $54.5 million and leases of just $1.3 million. This cash reserve can be used to fund inorganic growth and maintain profitabiliity. Excluding its cash of 32.4 cents per share, OKP trades at an attractive multiple of 4.5x trailing 12M earnings.
"We raised our FY11F PATMI forecast from $22.8 million to $23.1 million following OKP's strong performance in 2Q FY2011. Incorporating the higher margins into our model, we arrived at a higher intrinsic value of 98 cents. MAINTAIN INCREASE EXPOSURE."
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