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Article: Global values HPIC's stock at JD1.33 and recommends a HOLD on the stock
- Article from:
- Al Bawaba
- Article date:
- July 6, 2008
CopyrightCopyright 2008 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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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 ...