South Asian Petrochem Ltd.....maybe next jai corp.

South Asian Petrochem Ltd.
BSE Code: 532452 NSE Code: SAPLEQ

Last quater Result:
SAPL net profit rises 620.59% in the June 2007 quarter.

South Asian Petrochem announced a jump of 7.20 times in net profit to Rs 343.00 million for the quarter ended June 2007 from Rs 47.60 million for the quarter ended June 2006.

Current Trading @16.80

Please Share ur views regarding SAPL

Thanks & Regards

• Total revenue up 12.1% to Rs1,088.2 crores
• Net profit growth 120.9% to Rs44.7 crores
• EPS growth 120.9% to Rs2.34
• Total debt to net tangible assets down 32.7% to 80.7%
• Total Liabilities to EBITDA down 20.0% to 6:
• A track record of profits in 3 of the last 5 years
• EBIT Margin up 33.7% to 7.8%
• Total Debt to Equity down 32.7% to 0.8
• Total liabilities to Total assets down 3.4% to 0.7
• NTA per share up 22.4% to Rs13.6

Buy call @ 13
Stop loss @ 9
Rally expected

good call its 23 right now...how much more upside expected???

Thanks,

The rally has just now started....it may touch around 50 in Dec.

Happy Trading.

There is an entry @20 and currently at 26.35. Somehow overlooked this trade. Nice find. can use 20 as SL for new entry. A nice pullback would be gr8

one of the PSU profit making companyBALMER LAWRIE already catch investor fency as
trading turnover 4 times more since last 2 week. company operations in
diversified field like oil,grease,logistics,frieght
containers,engineering,technology
services,tours,travels,tea,industrial packaging,leather chemicals and
IT services.book value healthy at more than 165 ,out of 16 crore
capital indian public hold less than 13% so we can hope for liberal
bonus in near future.take a look and let it be STC.NMDC or MMTC in
foture.
write your views and findings in the company if any.
thanks

South Asia Petrochem is manufacturer of PET resins. It is issuing shares to IFC at 17 rupees per share. I dont understand how you are comparing it to Jai corp and calling it another Jai Corp.
Does it have support of Reliance group which Jai Corp has?

i think it is brake out ...nothing else

suba

Hi Lucky Trader,
How can you predict a price of Rs.50 for SAPL?Any downward spiral might be painful especially since the stock can hit lower circuits.
Comment

>. SAPL an export-oriented unit - set up a Bottle Grade PET Resin continuous process plant at Haldia, the strategically located port city of West Bengal, India.
>. The 140,000 TPA plant is amongst the largest and the most modern in the region.
>.Group built its reputation for professional management in the tea business. Dhunseri Tea & Industries Limited, the flagship company of the group, manufactures and markets the finest tea since 1916. Originally operating three tea gardens, the company has acquired prime gardens in Assam after being taken over by the Dhanuka family in 1955.


> Name of the Shareholder Number of Shares Shares as a % of total

1 Dhunseri Tea and Indust 33,047,007 17.31
2 Mint Investments Limited 10,000,000 5.24
3 Plenty Valley Intra Limited 5,000,000 2.62
4 Tezpore Tea Co. Ltd 5,000,000 2.62
5 Zimmer AG (Germany) 12,802,493 6.70
6 Arabella Asia(Singapore) 9,500,000 4.98
10 Unistock Private Limited 27,500,000 14.40
11 Landmark Finance Private Ltd 5,500,600 2.88

Total 108,350,500 56.74
Name of the Shareholder Number of Shares Shares as a % of total

1 Life Insurance Corporation 9,000,404 4.71
2 General Insurance Corporation 10,000,000 5.24
3 United India Insurance Co. 4,925,000 2.58
4 Export Import Bank of India 6,016,142 3.15
5 Allahabad Bank 2,343,728 1.23
6 West Bengal Industrial 9,150,000 4.79

Total 41,435,274 21.70

>Only 15 % of the total shares of the company are held by the general public and a great interest is shown by the promoters on this company.

>Our profit after tax increased 120.88% to Rs. 4469.01 lacs.

>The cost of power and our raw materials are cheaper in the Middle East than any other place in the world.

>Egypt is ideal from a logistics perspective; it is not only close to
the raw material that could come in from Saudi Arabia, it is ideally
placed with regard to distribution as well. Our presence in Egypt will
make it possible for us to move products to Asia on the one hand,
to Europe through the Suez and to Africa through the land,
Mediterranean and Indian ocean routes.

>The earnings per share (EPS) has increased by 120% from FY05-06 to FY06-07 and which is very significant.

>The PE Ratio on 13/12/2007 is 11 and this shows that this stock if really underpriced at this moment and this has a long way to go.

>This stock is getting into the F&O Segment in Jan08' and from then You can see a great counter ahead of you in the future,

This is my third recommendation after

SAH Petroleum @ 16.85 on 5/12/2007 and now 25.20
Pennar Industries @ 26.50 on 11/12/2007 and now 33.50.
You can still enter into both the stocks as they have started rising now only and they have a long way to go.