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Centurion Corporation Limited to double in price?

Wednesday, April 19, 2017

Hi AK, I invested in Centurion Corp. I am thinking if I should sell or if the price will go higher with the dual listing in HK.

Chinese money floods into HK stocks.

Dual listing in HK doesn't change anything in terms of business fundamentals.

Centurion Corporation could be seeking what, to them, is a fairer valuation of their business.

The EDGE wrote that in 2007, Want Want China Holdings was trading at 15x PE ratio in Singapore and when relisted in Hong Kong, it traded at 45x PE ratio. Mah Wah Holdings was trading at 3x PE ratio in Singapore but trades at 16x PE ratio in Hong Kong.

Centurion is trading at about 10x PE ratio. Could it trade at 15x or 20x PE ratio, perhaps, even higher after the proposed dual listing? 

Looking for a calculator now? 

So, would it be 70c a share or 80c a share or 90c a share in future?

All in the realm of speculation but all quite possible.

When I invested in Centurion earlier this year, it wasn't because I had a crystal ball which told me that dual listing was on the way and that the share price was going up.

I know why I invested in Centurion.

I hope you know why you did too.

Related posts:
1. Added Centurion Corporation Limited.

(See updates in the comments section.)
2. Centurion Corporation Ltd. FY 2016 report.


Teckheng Lee said...

CEO bought 81000 from mkt

AK71 said...

Hi Teckheng,

I like the sound of that. ;)

SkinnyOldMan said...

HI Teckheng, CEO bought at what price? Can share?

Teckheng Lee said...

81000 shares at 0.42

Teckheng Lee said...

More buying @ $0.44 since last thursday after their fantastic results!

AK71 said...

I am glad they are doing well. Looking forward to more good news. :)

AK71 said...

Sifu, lucky I followed you into Centurion. No updates? Must tell us if you sell, OK? Now, sitting on 40% gain and feeling a bit itchy.

Alamak. Itchy? You could have lice down there. Cham. ;p
I haven't sold any of my investment in Centurion but it is not wrong to take some profit off the table if that is what you want to do. ;)

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