Wednesday, 14 October 2009
Jason Marine Group Limited
Revenue grew from S$40.7m in FY2007 to S$70.9m and net profit grew from S$1.6m to S$6.4m in the same period. The Financial Year ends on 31 March 2009 and the EPS for FY 2009 based on post invitation shares is Singapore 6.03 cents and that translate into a listing PER of 3.48x. Assuming the EPS grow by 25% in FY 2010 and a fair value PE of 4-5x for Catalist listings, the EPS will be 7.54 cents and the fair value will be between 30 cents to37 cents.