Replies to post #3173 on Global Value Investing

[throwerw]

This is all a bit out of my circle of competence but we were planning on visiting Perfect Shape (1830:HK), and Modern Beauty (919:HK), other spa chains in HK, so I'll add this one to the list.

Off the top of my head, I can say I've seen the products in the mall before. Doesn't look like a fraud given the high payout record. I will share the notes with you when we meet them!

[jasiak]

Water Oasis (1161) is dirt cheap! 2H14 NP will be around 26m HKD (2H13 14m HKD). Receipts in advance was all time high at 303m at the end of 1H14.
This will bring the NP up.

2015 dividend yield will be around 10% with current 0.54 share price. Yield for 2014 will be around 7%.

Target price 0.70 ... 1.00 HKD