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Since IPO last August 2017, the price of this stock had never been able to recover. To date, downward and sideway trend still dominating its chart even having a disclosed positive net income and revenue from most of the quarters it operates.

In 2Q2017 earnings, the company had a neutral net income. For the 3rdQ2017, the company reported a 5.95 million (191.14%) net income, and 3.91 billion revenue and 161 million (22.43%) net income for its 2017 annual earnings report. Below is the FA and TA of CLC as of May 11, 2018, 03:20:43 PM:

CLC – Chelsea Logistics Holdings Corp.: Fundamental Analysis
as of: 05/11/2018 03:20:43 PM

Earnings per Share (EPS): 0.15 (-46.43%)
Price-Earnings Ratio (P/E): 47.60
Price to Book Value (P/BV): 0.9807692308
Return on Equity (ROE): 0.98%

Operating Revenue: 0
Other Revenue: 0
Total Revenue: 1.18B
Operating Expense: 165.1M
Other Expense: 0
Total Expense: 932.56M
Net Income: 115.1M (324.16%)

Fundamental Analysis
as of: 05/11/2018 03:20:43 PM

Earnings per Share (EPS): 0.15 (-46.43%)
Price-Earnings Ratio (P/E): 47.60
Price to Book Value (P/BV): 0.9807692308
Return on Equity (ROE): 0.98%

Operating Revenue: 0
Other Revenue: 0
Total Revenue: 1.18B
Operating Expense: 165.1M
Other Expense: 0
Total Expense: 932.56M
Net Income: 115.1M (324.16%)

Source

With the above figures, the company’s performance could be considered better and I think still gearing in the positive territory. In fact, in its 1stQ2018 earning, the company reported a total revenue of 1.18 billion and a net income of 115.1 million (324.16%).

On the other hand, the movement of CLC stock price is quite disappointing. Even the stock had been literally earning from the quarters mentioned, the reaction of market is opposite. Maybe the market still react with the review before its IPO that CLC is still comparatively expensive, even discounted,  that based on P/E valuation it is 140x expensive compare to market average at around 19x.

Therefore, the current price of this stock should stay within or near market average to encourage investor and trader for better upside.  If the CLC is really planning to replicate the performance of PNX, the management must do something to convince the investing public of its real interest to join the telco thing like what NOW Corporation did. Because if not, then we could consider a cock-a-doodle-doo.

In my opinion, CLC is still in the correction stage considering the performance of  its logistics business,  unless the government will consider its potential telco bid/play.

For the meantime,  I will consider buying CLC for just a short term trade if the market will react with the news from BW.  I hope, I will not get caught.

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