Chart[27] - Courts Asia

Chart on top shows the counter performance in past two years. It fell from 0.6 to 0.32 on 2015. After 10 months of consolidation between 0.32 to 0.4, it broke up to 0.43. Looking at bottom chart, the company actually aggressively bought back shares since February 2016. Even at current price which is 30% up from last February, buying back activities is still undergoing. Latest financial result saw its net profit jumping 50% year on year and book value hit 0.57. It well explained the company buying back till 0.42 which is 25% discount to book value. It might not be surprise shall the counter hitting 0.6 (2014 peak) again.