Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Thursday, January 14, 2010

Integrated Rubber Corp trading at PE 82.16 times, highest in sector

KUALA LUMPUR: Integrated Rubber Corp Bhd (IRCB), whose share price surged to RM1.74 at the midday break on Thursday, Jan 14, is trading at a price-to-earnings of 82.16 times, which is the highest in the sector.
Data obtained from Bloomberg showed the average PE for the sector in the healthcare equipment and services was 23.94 times.

ADVENTA BHD whose share price was at RM4.22 at midday, was trading at a PE of 35.9 times; LATEXX PARTNERS BHD RM4.84 (22.67 times), KOSSAN RUBBER INDUSTRIES BHD RM6.93 (19.19 times) and Supermax Corp Bhd RM6.09 (18.47 times).

Top Glove Bhd, the world's largest glove maker, which closed at RM11.74 at midday, is only trading at a PE of 17.27 times and HARTALEGA HOLDINGS BHD RM7.34 (15.85 times).

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