Sunday, 9 March 2008
People's Food Holdings Limited
People's Food Holdings reported a net EPS of 8.53 cents and gross dividend of 2.63 cents for the year ended 31 Dec 2007. At 109 cents, this imply a PE of 12.8x and yield of 2.4%. From the chart, People's Food appears to be bottoming out as long as it does not break the 95 cents support again. Amid the volatile and weak market, this is one of the more 'stronger-looking' stock around and i guess investors still like companies that pays annual dividend. A possible target will be 120-130 region if the 95 cents support holds.