AHPL - Interim Financial Reports

AHPL - Asian Hotels and property Plc has comeout with its interim financial statement where there were able to increase thier EPS by nearly 50%.

ie, from 0.43 to 0.67 (For the 3 months ended 30th June) So the annualised EPE would be around 2.68 which gives a PE multiple of 33. When comparing with the market PE its overvalued but, when comparing with the Sector PE and when considering the positive outlook in hotel industry in sri lanka this share can be recommended as a HOLD or BUY.