Sino Grandness results review

3QFY10 Results Revenue rose 50% from RMB128M in 3QFY09 to RMB192M in 3QFY10. NPAT surged 54% from RMB25M in 3QFY09 to RMB39M in 3QFY10. EPS rose 54% from 9.5 RMB cents in 3QFY09 to 14.6 RMB cents in 3QFY10. Table 1: Analysts’ target prices for Sino Grandness Amfraser DMG Poems UOB Kayhian Sino Grandness Sino Grandness 26-Oct-10 16-Aug-10 07-Oct-10 02-Mar-10 9MFY10 1HFY10 Rev (RMB m) 602.3 644.6 607.4 568.3 435.7 243.8 Net Profit (RMB m) 96.3 101.1 97.2 80.1 79.6 40.9 EPS (SGD cts) 7.4 8.4 8.1 5.9 5.8 3.0 Valuation methodology 7.5x FY10E earnings 6x FY10E earnings 7x FY10E […]