Ezra Holdings (Ezra) posted an impressive set of 1Q08 results, revenue grew to $67.2m (+110% YoY) while net profit surged 4014% to $189.2m. Stripping out the one-off items, Ezraʼs recurring net profit increased by 250% to $16m.
Afor is Asiaʼs first Apple premium reseller, specialising in the sale of Apple brand products and its complementary products, through its EpiCentre stores located in Wheelock Place and Suntec City Mall.
Great fortune teller? Sorry, Shares Investment is not able to provide you with one, but we are able to provide you with a stock market almanac.
Despite arguments that suggest the US is not yet in a recession, we need to be very, very mindful of issues that can tilt the balance between a recession and continued growth.
Shares Investment feels that 2008 is going to be a bumpy year as the effects of the US sub-prime problems are unlikely to ease in 1H08. However, we expect the situation to be more stable by 2H08.
Illustrating the width of its extensive track record, KSH earlier clinched a prestigious $119.8m contract from Sino Land for the construction of the luxury, boutique Clifford Pier Hotel.
Moving into 2008, the Hong Kong stock market fell in sympathy with the US market without showing signs of abating. Even the H shares fell, but the A shares in Shanghai have continued to do well by increasing some 10% over the last two weeks.
Listed at $0.20 apiece, the company priced itself at 6.2x PE (Price-Earnings Ratio), compared to BreadTalk, which is trading above 30x FY06 earnings.
