Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Jyoti sharma who wrote (15105)	3/22/1998 8:26:00 PM
From: Stitch	Read Replies (1) \| Respond to of 18056

Jyoti, re: Price estimates for Sime Darby, Resorts World, and Genting I am expecting SIDBY earnings to be flat for 1998, and the better part of 1999, and would expect it to trade in a range from 3.50 RM to 4.50 Rm during that time. I hope to pick it up at the low. I expect earnings to start growing again in FY 2000. I have seen an estimate of 36 sen but who knows what that means. In the meantime I wouldn't expect to see losses, but rather flat earnings (normalized after accounting for the bank losses). Its a long term, representative regional stock for a recovery play. I have some research on Genting estimating earnings of 1Rm in 98 and 1.07Rm in 99. It is currently trading at a P/E of 14 at 12.90Rm on estimated 97 earnings of 90 sen (still not released). I could see a trading range of 16 - 18 given the beginning of a recovery scenario. Resorts World has had visitor arrivals growing in double digits since the 2nd half of 97. Further they sit on a pile of cash, (1.4B Rm) that is growing significantly at today's higher interest rates. Current estimated pe is approximately 15 on earnings estimate for 97 of 55 sen. I would buy at 7.50. I expect the stock to trade in a 9.00 - 9.50 range in a year. EPS for 98 is .63 (sen). Best, Stitch