C&O

C&O, not a widely covered stock, however street views are positive, with a unaminous Buy Call from the 3 houses who cover it, namely Sias Research, DMG and Phillips with TP of $0.69, $0.62 and $0.65 respectively, tipping JunFY11 rev and Net profit to grow by 17%and 24%YoY respectively.….

While there are no available 1Q11 estimates for C&O, FY11 Rev is estimated by consensus to be at HKD762m, with Net profit at HKD189.5m. Dividing it into 4 even quarterly estimates would place Rev estimates at HKD190.5m, and Net Profit at HKD47.4m. At current price, grp trades at 10.1xE FY11 P/E, vs historical average of 9.76x and all time high of 22.3x.