3Q13 results :
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content&B=AnnouncementTodayByCompanyNameAndCategory&F=1021163&fileId=3Q_2013_ANNX.pdfquarter results are volatile.
However,
- on 31/12/2008, BVPS was 0,281 SGD, at 31/12/2013, it should be above 0,72 SGD (ie +20% cagr over 5 years).
- the dividend of (presumably this year) 4c SGD, make a div yield of about 5,6%.
- level of debt is high, but given the fact that a lot of projects should finish on 2H2014, this level of debt will presumably lower next year.
-> I am tempted to constitute a group of lines of SG builders (CHIP ENG SENG, KSH and LOW KENG HUAT). Any counter-argument ?