Profits and Dividends Grow At ARA Asset Management Limited | The Motley Fool:
“We are pleased to have achieved another year of strong results, particularly in the growth of our recurrent management fees and recurrent net profit by 11% and 17% respectively. Notwithstanding the persistent global economic uncertainties, we continued to grow our resilient earnings and increase our AUM…We continue to be focused in employing a prudent and disciplined approach towards building a sustainable growth for the Group. Moving forward, ARA is well-positioned to pursue further growth opportunities, as the combined partnership of Cheung Kong and Straits Trading, both well-reputed as premier business groups in Asia, will underpin our expanded business network reach in the Asia-Pacific region.”
Based on the full year EPS of 8.79 Singapore cents, ARA’s currently selling for 20 times trailing earnings. If recurrent net profit was used to value the company, its shares would sport a historical price-to-earnings ratio of 26 instead.
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“We are pleased to have achieved another year of strong results, particularly in the growth of our recurrent management fees and recurrent net profit by 11% and 17% respectively. Notwithstanding the persistent global economic uncertainties, we continued to grow our resilient earnings and increase our AUM…We continue to be focused in employing a prudent and disciplined approach towards building a sustainable growth for the Group. Moving forward, ARA is well-positioned to pursue further growth opportunities, as the combined partnership of Cheung Kong and Straits Trading, both well-reputed as premier business groups in Asia, will underpin our expanded business network reach in the Asia-Pacific region.”
Based on the full year EPS of 8.79 Singapore cents, ARA’s currently selling for 20 times trailing earnings. If recurrent net profit was used to value the company, its shares would sport a historical price-to-earnings ratio of 26 instead.
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