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Verify the financial indicators for Top Grove (BVA.SI)
21 Sep 2021 (340 views)  

I posted this view about Top Grove (BVA.SI) on 20 September.

https://fisca.sg/ArticleDisplay.aspx?ID=1057

I said - The PE ratio for the trailing 12 months is 3.10. The forward dividend yield is 21.69%. Its total debt to equity ratio is 6.42%, which is low. The current price was 70% below its 52 week high.

I bought 60,000 shares at $0.97. The price closed at $0.91, which was a drop of another 6%.

A horrifying thought crossed my mind last night. Suppose the figures presented in the Yahoo website was wrong?

This company is based in Malaysia and reported its results in RM. I bought the shares in SGX at the SG price. Did the website made a mistake in taking the EPS in RM and use the SG price to calculate the PE ratio and dividend yield?

I looked at the figures reported in RM and converted them to SGD. I recomputed the EPS, PER and DY.

Yahoo Finance got the figures correct. The price for Top Grove is grossly undervalued.

Caution - I am expressing my personal view. This is not investment advice. Please make your own analysis before investing in this stock.

Tan Kin Lian


Verify the financial indicators for Top Grove (BVA.SI)
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I posted this view about Top Grove (BVA.SI) on 20 September.

https://fisca.sg/ArticleDisplay.aspx?ID=1057

I said - The PE ratio for the trailing 12 months is 3.10. The forward dividend yield is 21.69%. Its total debt to equity ratio is 6.42%, which is low. The current price was 70% below its 52 week high.

I bought 60,000 shares at $0.97. The price closed at $0.91, which was a drop of another 6%.

A horrifying thought crossed my mind last night. Suppose the figures presented in the Yahoo website was wrong?

This company is based in Malaysia and reported its results in RM. I bought the shares in SGX at the SG price. Did the website made a mistake in taking the EPS in RM and use the SG price to calculate the PE ratio and dividend yield?

I looked at the figures reported in RM and converted them to SGD. I recomputed the EPS, PER and DY.

Yahoo Finance got the figures correct. The price for Top Grove is grossly undervalued.

Caution - I am expressing my personal view. This is not investment advice. Please make your own analysis before investing in this stock.

Tan Kin Lian