Profit before Tax
2008/09 - 63 Mn
2009/10 - 211 Mn
2010/11 – 354 Mn
Net Asset Value per Share
2010 – 8.25
2011 – 11.20
Earnings per share
2010 – 1.01
2011 – 1.49
P/E ratio as of 05/07/2011 – 23.9
(b) Technical
• Stochastic shows oversold region for begin of June.
• Relative strength index 30 for about 3 weeks.
(c) Future prospects
• ODEL’s target market segment (high and middle upper class) is increasing. They are opening outlets in main cities and is in the process of expanding the market.
• Many tourists visit ODEL for shopping and increase number of tourists arrival has direct impact on the revenue.
* A new shopping complex that they promised in IPO is in line to implement.
Generally, it will be good buy at this price for medium to long run.