The PPS target depends strongly on macro (China stocks are range-bound between P/E's of 1.5 and 2.5 right now) and whether any additional new catalysts come into play (the biggest one would be a DIVIDEND and another might be acquisition of a FOURTH facility down the road).
If macro-sentiment stays range-bound between cold and lukewarm, then after the Haujie facility is in full swing for four quarters - corresponding to Q4 2012 through Q3 2013 (April 2012 through March 2013), then TTM EPS would probably be around $1.20 and with a P/E of 2.5 that would equate to $3/share PPS. If LPH announces a dividend at a minimum 2-3% annualized, then expect the market to reward them with a P/E of 3.5 instead of 2.5, which would equate to a PPS of $4.20. It's to be expected that these numbers are half to two-thirds of the official RedChip price targets.
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