SC just reported a stunning performance for the qtr ending 30th Sept 2010.
Nett earnings jumps by 563 % from 5.02M the same corresponding qtr a yr ago to 33.29M.
Eps stands at 8.37 cts
NAV is a whopping $1.42. Given that SC global projects in Singapore is mostly on high end, hence a comparsison between KepLand and SC would be quite appropriate.
Kepland is now trading at 2 times book value.
If SC global were to emulate kepland, the upside potential for SC Global, in my humble opinion would be trading at min S$2.50.
Recommendation : Outperform.
