Monday, October 18, 2010

Mun Siong

Mun Siong trading at 8.5x FY11 P/E, which is within 7-10x average for the plant engrg industry. Close competitors include Hai Leck (7.1x), Hiap Seng (7.3x), PEC (8.6x) & Rotary (10x). Valuation is fair with limited upside.
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