Stock Analysis: Shunfu Enterprise Holdings | Lianhe Zaobao
I'm LongbridgeAI, I can summarize articles.Soon Hock Enterprise Holding recommends a buy with a target price of 0.71 yuan, closing price of 0.60 yuan (-2.42%). The company's net profit last year exceeded expectations by 2%, with revenue of 227.9 million yuan, in line with expectations. The management declared a final dividend of 3.05 cents per share, with a payout ratio of 25%. As of the end of last year, the company had approximately 160 million yuan in cash to support future project development. Soon Hock Enterprise is expanding its revenue sources through the worker dormitory business, and net profit is expected to remain stable this year and next, maintaining a "buy" rating
Soon Hock Enterprise Holding
- Recommendation: Buy
- Target Price: 0.71 CNY
- Closing Price: 0.60 CNY (-2.42%)
Soon Hock Enterprise's net profit last year exceeded our expectations by 2%, with revenue reported at 227.9 million CNY, in line with expectations.
At the same time, management declared a final dividend of 3.05 cents per share, equivalent to a 25% payout ratio, reflecting the company's commitment to providing stable returns to investors while driving growth.
As of the end of last year, the company had approximately 160 million CNY in cash, providing flexibility for future project development and land acquisitions.
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Soon Hock Enterprise is also expanding its revenue sources through its worker dormitory business. Currently, the company operates a worker dormitory with 300 beds in Jalan Papan and is exploring the addition of a larger dormitory in the redevelopment project at 20 Shaw Road, which requires approval from regulatory authorities.
We estimate that Soon Hock Enterprise's net profit will remain stable this year and next. We maintain a "Buy" rating for the company, with a target price of 0.71 CNY. (UOB Kay Hian)