HANKORE reported earnings of RMB $0.02 for FY 2012. The average industry PE(Price/EPS) is 23times. Based on HANKORE share price $0.035, it is trading at PE of 8.9x.
P/E RATIO = HANKORE's SHARE PRICE / EARNINGS PER SHARE
SGD$0.035 * 5.10(SGD/CNY) / RMB$0.02
IF we use the PE ratio of industry average norm of 23, HANKORE be valued at 9cents.
23 x = HANKORE's SHARE PRICE / RMB $0.02
HANKORE's SHARE PRICE = 23 x 0.02
SGD = $0.46/ 5.10(SGD/CNY)