Reader:
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.
AK:
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.
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11 comments:
CEO bought 81000 from mkt
Hi Teckheng,
I like the sound of that. ;)
HI Teckheng, CEO bought at what price? Can share?
81000 shares at 0.42
More buying @ $0.44 since last thursday after their fantastic results!
I am glad they are doing well. Looking forward to more good news. :)
Reader,
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.
AK:
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. ;)
Reader says...
Centurion is undervalued and underappreciated.
I checked different stock exchanges before.
Hostel businesses should trade at 30x PE at least.
Hope listing in HKSE will help to value it higher.
AK says...
In that case, Centurion's share price could triple. ;p
Well, we will know on 12 December. :)
Looks like more gold will be pouring into AK's already enormous treasury tomorrow when Centurion starts trading in HK:
CENTURION CORPORATION’S DUAL PRIMARY LISTING IN HONG KONG
ATTRACTS STRONG INVESTOR DEMAND
Public Offer was approximately 18.76 times subscribed while Placing portion was
oversubscribed
Offer Price set at HK$3.18 per share
Trading debut on the Main Board of the Stock Exchange of Hong Kong Limited at 9:30 am on
Tuesday, 12 December 2017
Hi Laurence,
Based on the prevailing exchange rate, we get approximately 57 cents a share.
This probably explains the increase in Centurion's share price today. :)
Lackluster debut in HKEX today.
And pushed down by contra traders who bought yesterday hoping to make a windfall today.
Instead, they were were disappointed and contra away their holdings. Based on yesterday's and today's volumes and price movements.
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