XPD
China success story going to continue to rerate on yesterday's results
WMC
This is another China success story the market has completely missed.
-49c cash backing ($55M USD / $75M AUD)
- first 6month NPAT $6.3M (1 product, 3 being launched)
Annualised, that is a $12.6M NPAT for something capped at $64M, or on a PE of just 5
It is also trading below cash backing with full year results due !
Expect NPAT to be exponential with new rollout and dividends next year. This should fly past $1 once full year results are out
DYOR
Day Trading 31 Dec Pre Market, page-4
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