JMDuttons valuation (target price 0.42 dollar) will easily be met within 6 months, instead of their projected 12 months. And they know it!! Read it:
"In arriving at our 12-month price target of $0.42 per share for the stock, we are applying an 8.5 times prospective PE on our estimated FY2008 EPS, compared to the average prospective estimated PE of 21.1 times for its peers currently listed in Hong Kong. We see the potential for further upward revisions of Genesis’ 12-month price target to a higher PE rating upon the announcement of solid quarterly financial results to win confidence from investors in the coming few months."
Greetings from Holland and GLTA
