SUNeVision (8008)

[Jacmar]

Stats

52-Week Range: 2.04-2.93
Yield: 4.64%
Market Cap: 5.6 bil
Forward P/E: 20.9
Price/Book: 1.7
Price/Sales: 11.5
Price/Cash Flow: 17.8

Appreciate buddies contribution

The share price was sliding in the last couple of mths due to the overhang of this court case. Now that the results are out and that Raymond Kwok, the executive chairman is found not guilty, there will be a nice pop on Monday.

I don't know why people would want to invest in KDC reit when you have Sunevision that is debt free with about HK$1.2billion in cash and no need to worry about property leasing issues. The div yield by sunevision although lower then KDC is sustainable without the worry of a rights issue. Sunevision is building a big DC and will be ready by end 2015 all from internal funding.

The forward pe is actually 20 without taking into consideration mark to mkt of their properties which they do every yr. KDC is a reit and along with it comes an extra layer of external mgt whereas sunevision is majority own by the kwok family; alignment of minority interest.

vested