not vested
MIDCAP-Singapore's Lian Beng trades well below mean price target
Singapore's Lian Beng Group trades at a huge discount to its mean price target, the widest among 22 stocks that have a StarMine Earnings Quality score greater than 70 and are tracked by at least three analysts.
Shares of the construction firm have a mean price target of S$0.67 and currently trade at a 42 percent discount.
At current levels, the stock looks attractive and trades close to a fifth of its StarMine Intrinsic Value of S$1.66. It has a price-earnings/growth ratio of 0.27.
The two other stocks trading at big discounts - around 20 percent each - to mean price targets and with sustainable earnings in the near future are Osim International and Ara Asset Management .
Lian Beng has an overall 'strong buy' recommendation while Osim and Ara Asset Management have 'buy' ratings.
CONTEXT: Ara Asset Management is a property fund manager and Osim International manufactures massage chairs.
A high score on StarMine's Earnings Quality (EQ) model signals strong earnings sustainability over the next 12 months based on a company's past operating performance.
StarMine's Intrinsic Value adjusts for the usually optimistic bias in analysts' EPS forecasts and then uses the resulting growth rate and dividends to determine the valuation.
Source: Reuters