Article: Global values HPIC's stock at JD1.33 and recommends a HOLD on the stock

Global values HPIC's stock at JD1.33 and recommends a HOLD on the stock

Global Investment House Kuwait Hayat Pharmaceutical Industries Company (HPIC) Results Update Report- HPIC reported a total revenue of JD3.80mn in 2007, up by 17.24% over the JD3.24mn recorded in the previous year. Export sales constituted around 49% of the company's total revenue in 2007. Net profit for the year 2007 was JD0.69mn, up by 5.71% from the JD0.65mn reported in 2006. The net profit margin declined to 18.18% in 2007 down from 20.17% in 2006.

Based on its current market price of JD1.42, HPIC stock is trading at 19.5x of its 2007 earnings and 1.2x its 2007 book value. On a one year forward basis, the stock ...

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