So with a profit of $3mill, which I think we'll struggle to get on revenue of $22mill this year, and 425mill listed shares, we're currently on a PE of around 28.5. PHK is not cheap ATM but probably fairly priced if PHK can get that $3mill earnings.
I think PHK is going to need to give us some more details before we can go to the mid 20s and above.
next breakout, page-14
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