**[investwise]** Can Fin Homes-Extreme Under-valuation; FY10 EPS Rs 19, Div Rs 2/share, PE-5 [2 Attachments]

 

[Attachment(s) from Maverick included below]

Can Fin Homes-Why Does This Stock Fetch A PE of 5 and HDFC a PE of 30 and Gruh Finance a PE of 25?   Set up under the sponsorship of Canara Bank in 1987, Can Fin Homes is the first bank sponsored Housing Finance Company in India . The expertise gained by us in housing finance over the years gives us the confidence to come upto your expectations. A unique personal touch in service makes us different from others. We also make sure that our customers will not have to undergo any hassles in getting the loan from us.   COMPANY PROFILE   GENESIS CFHL was promoted in 1987, the "International Year for Shelter for the Homeless" by Canara Bank in association with reputed financial institutions including HDFC and UTI. Now NHB is also an important equity holder in CFHL. CFHL was set up with the mission of promoting HOME OWNERSHIP and increasing HOUSING STOCK all over the country. The vision of Canara Bank on the relevance of having an exclusive outfit for providing housing finance at a time when institutional finance was not flowing to the housing sector to the required extent and banks had constraints in locking up funds in long term housing finance saw the birth of CFHL. STANDING Can Fin Homes Ltd. (CFHL) is the first and the biggest bank sponsored Housing Finance Company (HFC) in the country and one among the top players in the country's housing finance sector. The company has a standing of over 22 years. CFHL is one among the four HFCs selected by NHB in its first phase of securitisation programme. CFHL enjoys 5 Star rating from NHB for the purpose of refinance. CFHL's Deposit programme enjoys "MAA+" rating, which is the highest possible under High Safety rating. CFHL has an all India presence with a network of 40 branches. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

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Attachment(s) from Maverick

2 of 2 File(s)

CanFinHomes.pdf

CanFinHomes-FY10.pdf

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