Re:market correction... by MacGyver30th, Jul. 04:11 PM Market is bullish again.. Good trading period from now to early-m...
Re:Map Technology - ... by happin30th, Jul. 03:16 PM MAP is now at 6 cents. Noticed that yesterday's last trade was 1...
Re:Rokko-An Explosiv... by neontet30th, Jul. 07:41 AM all these semicon companies are doing really well.
congrats on s...
market correction by pathfinder30th, Jul. 12:10 AM With all US company result good news ending in 2 weeks time & no ...
Re:Rokko-An Explosiv... by MOSBY29th, Jul. 11:49 PM http://www.remisiers.org/research//dailyex2307.pdf
TP :$0.30...
ARMSTRONG: CIMB lauds expansion, maintains ‘Outperform’ with 56ct price target
Written by Sim Kih
Saturday, 19 June 2010
Armstrong deputy CEO Steven Koh
LABOR STRIKES are spreading in China, where the growing income gap and mounting frustration among younger, urbanized workers that their wages have stayed relatively meager even as prices all around them -- particularly for housing -- have soared.
A Toyota plant in Tianjin was shut this week as workers demanded wage hikes, following a similar incident at Honda’s Guangzhou plant. Nevertheless, the management of auto component maker Armstrong remains unperturbed, according to CIMB analyst Jonathan Ng, who visited its Guangzhou facility this week. Read more…
SATS, FRASERS CENTREPOINT TRUST: What analysts say now…
Written by Sim Kih
Friday, 18 June 2010
SATS' baggage handling and ramp handling service.
SINGAPORE AIRPORT TERMINAL SERVICES is set to benefit from the opening of the two integrated resorts and the increase in air cargo demand arising from the global economy recovery, according to Credit Suisse.
And Frasers Centerpoint Trust will benefit from Singapore’s strong suburban retail outlook, says OCBC Investment Research.
After its recent listing in HK, Man Wah is now a HK$7 b company.
ONE OF our popular forumers is MacGyver, an astute investor.
Aside from giving his views on Singapore-listed companies, he has recently decided to follow up with Man Wah Holdings, which de-listed from Singapore last year.
MacGyver seems to have taken a liking for Man Wah. Read more…
ECS Holdings: '26 quarters of consistent growth - more to come from IT boom'
Written by Leong Chan Teik
Wednesday, 16 June 2010
Eddie Foo, CFO of ECS Holdings. Photo: Sim Kih
SPENDING BY companies and individuals on IT is on a tear, with many IT-related companies listed on the Singapore Exchange enjoying a boom in profit in recent quarters.
We have attended a number of these companies’ presentations to investors or analysts.
The one we went to yesterday was by ECS Holdings, whose 1Q net profit of $9.1 m was the best 1Q in its 25-year history.
ANWELL, Z-OBEE, HOTUNG: Three unusual announcements....
Written by Leong Chan Teik
Tuesday, 15 June 2010
Anwell chairman Franky Fan at the AGM this year
ANNOUNCEMENTS made yesterday evening by three companies listed on the Singapore stood out for being unusual in nature, including ....
A 5-year moratorium on a purchaser of 15 m shares of Anwell; and Z-Obee seeking a TDR listing just after a dual listing in HK. Read more….
HK SHARES: Rosier US consumers lift Hang Seng to one-month high
Written by Andrew Vanburen (China Correspondent)
Monday, 14 June 2010
US consumer sentiment is up, as are its football team's World Cup fortunes
HONG KONG shares recaptured recently lost ground, with the benchmark Hang Seng Index adding 0.90% today to close at 20,051.91, a one month high.
Improving consumer sentiment figures released over the weekend in the world’s biggest economy helped buoy shares in Hong Kong, especially listed Chinese firms with heavy exposure to external demand.
Meanwhile, mainland bourses took a break today in observance of Dragon Boat Festival. Read more...
INSIDER BUYING: Teckwah, Sunvic, LMA, Frencken, China Env, etc
Written by Leong Chan Teik
Monday, 14 June 2010
BUYING of shares by insiders and substantial shareholders were seen in a number of counters last week, such as Teckwah Industrial, China Environment, Poh Tiong Choon Logistics and UIC.
We cast the spotlight on Teckwah and China Environment.Read more….
JUST ASK: Are bonus shares really a reward? What about bonus warrants?
Written by The NextInsight Team
Sunday, 13 June 2010
Reader: Companies carrying out bonus share issues tend to say that the bonus shares are to reward shareholders. In what ways are they a reward? Or are they just PR talk?
On bonus warrants, I have noted that China Eratat has given such warrants and Best World International is proposing to give out such warrants. What is the attractiveness of these warrants to shareholders?
Find out the answers given by Musicwhiz and Ernest Lim. Read more....
SHENZHEN EXPAT: 'Cab rides are cheap, stock investing is scary'
Written by Andrew Vanburen (China Correspondent)
Saturday, 12 June 2010
Paul Adlem: Engineer, manager
IN THIS Shenzhen expat story, we meet Mr. Paul Adlem, an executive with Helsinki-listed shipping firm CargoTec.
NextInsight learns that this Londoner finds the city’s transportation system and port facilities ship shape, but he is hoping that business practices modernize at the same rate as the boomtown’s glitzy downtown and rapidly expanding economy.
He also says that signs of the global economic downturn are few and far between, judging from activity at China's second busiest container port. Read more...
ARIES/FPR SITE VISIT: Sinomem has 50%, 90% mkt share in pharma, dyestuff industries
Written by Andrew Vanburen (China Correspondent)
Friday, 11 June 2010
Sinomem's 1Q revenue jumped 55%
FOR MOST companies, individual orders and contract signings would not ordinarily be headline material.
But for Sinomem Technology Ltd (SGX: SINO), a Singapore-based membrane producer for a wide range of applications, each order is worthy of mention, not only for the size of each contract, but also for the rapidly growing number of signings.
Six Greater China fund managers attending a recent trip organized by Aries Consulting and Financial PR to six listed firms in Fujian province were given an eye-opening tour by Sinomem management. Read more...
CREDIT SUISSE: 'Korea's most undervalued, don't give up on equities'
Written by The NextInsight Team
Thursday, 10 June 2010
Winter in South Korea
SOUTH KOREA has just become the most undervalued market in the region on Credit Suisse’s Price/Book versus Return On Equity valuation model. And the Korean won is cheap.
Globally, don’t give up on equities, says Credit Suisse. "Global economic growth is solid. Earnings growth is still likely to be respectable."
CHINA ERATAT: PE less than 3, dividend yield 6.6%, S$36 m in net cash
Written by Leong Chan Teik
Wednesday, 09 June 2010
China Eratat CFO Ho Ker Chern, 44, at CIMB yesterday.
LIKE MANY a S-chip, China Eratat is trading way below its fair value, as pegged by analysts.
Unlike many of its peers, China Eratat pays a decent dividend, has zero borrowing, lots of cash, and a long-staying Singaporean CFO (who is also an independent director of another S-chip).
CHINA PROPERTY, GLOBAL SHIPPING: What analysts say now....
Written by The NextInsight Team
Wednesday, 09 June 2010
'Stock market has priced in 20-30% price drop in properties'
PROPERTY PRICES in China could fall further but the current average of a 45% discount to NAV in the sector has priced in a 20-30% decline in housing prices, says UOB Kay Hian. In the shipping industry, container box rates are likely to rise further in 3Q as ship capacity remains tight, forward bookings remain robust, and boxes are constantly being rolled, says CIMB-GK.
ARIES/FPR SITE VISIT: Sinomem eyes 40 wastewater deals by 2012 from 12 now
Written by Andrew Vanburen (China Correspondent)
Wednesday, 09 June 2010
Sinomem execs meeting with fund managers
SINGAPORE-BASED SINOMEM Technology Ltd (SGX: SINO), maker of polymer membranes for water treatment, separation and purification technologies, had a watershed quarter with a 39% jump in net profit.
Much of this has to do with the growth in wastewater treatment facility orders, and Sinomem has an aggressive target of reaching 40 such large-scale contracts by 2012 from just a dozen currently. Read more...
8TELECOM, LIZHONG WHEEL and other S-chips show real cash
Written by Sim Kih
Tuesday, 08 June 2010
LIZHONG WHEEL
Stock price
42 c
52-week high/low
61 c/22 c
12-month trailing PE
3.98
Market cap
S$98.7 m
Net asset value
226.72 Rmb cents (47.2 Singapore cts)
LIZHONG WHEEL manufactures alloy wheels in China, the world’s biggest auto market. In 1Q, it reaped RMB 76.7 million in net profit, up from a meager RMB453,000 in 1Q2009.
Lizhong Wheel demonstrated it had solid cash last year when it bought back its convertible bonds from Lehman Brothers. What other S-chips have shown real cash? Read more ….
GENERAL MAGNETICS: A lesson yet to be learned by investors?
Written by Edgar Wong
Tuesday, 08 June 2010
Edgar Wong
GENERAL MAGNETICS conducted its first AGM as an unlisted firm recently.
Joyce Hooi of Business Times observed that for an unlisted firm's AGM, it was really well attended but there was so much outpouring of outrage by its shareholders as they could notforce the majority/management to liquidate assets and distribute the net proceeds to all shareholders.
HK/CHINA SHARES: Bourses suffer another body blow on liquidity concerns
Written by Andrew Vanburen (China Correspondent)
Monday, 07 June 2010
Agricultural Bank's planned record IPO is raising liquidity fears
SHARES IN Hong Kong took another dive today, with the benchmark Hang Seng Index shedding 2.07% to finish at 19,371.54, tracking selloffs in the US and Europe late last week.
Meanwhile, the Shanghai Composite Index lost 1.64% to close at 2,511.73, driven lower by liquidity concerns prior to two major issues. This follows a 3.8% loss last week for the benchmark index which tracks A shares in the PRC. Read more...
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