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valuemind

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valuemind

Re: None

Tuesday, 02/08/2005 6:56:54 AM

Tuesday, February 08, 2005 6:56:54 AM

Post# of 173904
Market reaction on CYD's Thakral investment is insane

Why cyd's Thakral investment is good deal?

Thakral earned s$9.3 million during 6 months ending Sep 30, 2004, 11.5% rise over the same period a year ago.

It earned s$22.6 milion net profit in FY2004, up 54% year on year.

Thakral is expected to earn abut $25 net proft in FY2005.

Based on market capitalization of s$145 million before cyd's ivnestment, Thakral's PE is 6.16.

Cyd's investment price represents a discount of 9.7% market price

With cyd's investment, Thakral will grow ever faster in not only China but also India, two largest fastest growth market in the world.

10 years ago, Hong Leong made wise investment in Yuchai. Now it made even wiser investment in Thakral.


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