Companies were reporting their financial results for the quarter ended 30 September 2015.
The following table provides information on net profit attributable to shareholders for the quarter and latest Price-to-Book ratio (P/B) based on share prices at 13 November 2015.
|Counter||Net Profit ($m) 3rd Qtr||NAV ($)||Price ($) @13/11||P/B Ratio|
NAV = Net Asset value
Property developers such as UOL, CapitaLand, and City Developments had P/B of less than 1. SembCorp Industries was the other company with P/B of 0.92.
DBS (1.11) had the lowest P/B ratio when compared with the other two local banks (1.15).
P/B ratios of SembCorp Industries (0.92) and Keppel Corp (1.15) were lower than SembCorp Marine (1.54).
P/B ratios for Singtel, SMRT, SingPost, Comfort Delgro, SATS, SIA Engineering ranged from 2.51 to 3.17.
P/B ratios for M1, StarHub and SGX were unique for these companies based on past experience.
Note: P/B table as at 31 December 2014 (last year) was included for comparison.
|Stock as at 31 Dec 2014||Stock Price||P/B|
When comparing P/B ratios between two dates (13.11.2015 to 31.12.2014), I noted that majority stocks declined except for Comfort Delgro, SBS Transit, SGX and SATS. This reflects the price decline since the start of this year. (STI declined to 2925.68 points vs 3365.15 points at start of the year.)
Disclaimer: Please use these data with caution. Author disclaimed responsibilities and liabilities.
Copyright © 2015, limkimtong for Living Investment
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