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...
'Buy' and 'Outperform' calls maintained despite cash concerns
Written by Sim Kih
Sunday, 16 August 2009
Backpack market is saturated but luggage trolleys will drive growth, says executive chairman Chen Xizhong. Photo by Sim Kih
ANALYSTS maintained their ‘Buy’ and ‘Outperform’ calls on China Zaino after its 2Q09 analyst briefing on Fri, despite nagging investor queries on its cash management.
CIMB-GK’s Germaine Khong maintained her target price at 37 cents, while UOB Kayhian maintained its target price of 35 cents.
The leading Chinese maker of heavy-duty bags last closed at 25.5 cents, with upside of 41% to the analysts' consensus target. Read the management's reponse to investor queries at the briefing here.
Record 1H revenue & profit for TECHCOMP
Saturday, 15 August 2009
In past years, except for 2008 when Techcomp was hit by forex losses, the 2nd half typically accounted for more than 80% of full-year profit.
TECHCOMP HOLDINGS has just reported record revenue and profit for the first half of this year of US$39.8 million and US$1.4 million, respectively.
The profit figure looks small? The second half typically contributes a large percentage (in excess of 80%) of the full-year figure, as the chart on the right shows.
Read more about this company’s presentation to analysts yesterday (Aug 14).
YONGNAM, YANLORD: What analysts say now ....
Friday, 14 August 2009
Yongnam's financial snapshot by Credit Suisse
YONGNAM’S interim profit jumped 22% year-on-year, as it worked on iconic projects such as the Marina Bay Sands Integrated Resort and he New Delhi International Airport.
Suitably impressed, Credit Suisse has raised its target price for Yongnam stock from 30 cents to 35 cents.
Yanlord had a strong set of results but Citigroup and JP Morgan analysts have divergent views on the stock. Read more here.
Consumer demand is coming back, says Best World
Written by Sim Kih
Thursday, 13 August 2009
Executive director Huang Ban Chin is cautiously optimistic about the recovery in consumer demand. Photo by Sim Kih
***Best World closed 1.5 cents higher (+4.7%) at 33.5 cents today.
AFTER THE shock drop in sales during 4Q08, things are beginning to look up for direct seller of consumer health and beauty products, Best World.
It chalked up net profit of S$3.3 million for 2Q09, up 61.6% compared to 1Q09.
And it sits on $35.9 million of cash - what a big pile for a company with a market cap of $69 million (based on stock price of 33.5 cents)!
Executive director Huang Ban Chin told analysts yesterday that he expects a steady recovery of revenue.
Read about the discussion here and find out why Kevin Scully, chairman of NRA Capital, likes the stock.
FIRST CHINA FINANCIAL: 'Celling' itself to a wider audience
Thursday, 13 August 2009
Mr Wang Wenming (right), chairman and CEO, First China. Photo by Andrew van Buren.
FIRST CHINA Financial Holdings (HK: 8123) plans to take its financial information to a much bigger audience - by empowering investment-savvy subscribers with a full range of brokerage, stock information and research, corporate finance solutions, wealth management and direct investment services to subscribers through the power of their humble handsets.
And the Hong Kong-based financial services firm has at its helm an energetic Chairman, Mr. Wang Wenming, who is also Director and CEO of First China Securities Consultancy (Shenzhen) Co, one of China’s leading stock information services companies.
NextInsight and Aries Consulting last week organized a group of fund managers to visit Mr. Wang in his Hong Kong office, which towers high above Victoria Harbour. Click here to read more.
Hi-P's ROE tops larger peers
Written by Sim Kih
Wednesday, 12 August 2009
Net earnings down 41% yoy but NRA initiates coverage with a 'Buy' call.
THREE ANALYSTS issued ‘Outperform’ and ‘Buy’ calls on Hi-P despite weaker year-on-year 2Q09 results by the electronics contract manufacturer.
One reason for the interest may be the fact that its 2Q09 net earnings, at S$16 million, were above consensus estimates.
The analysts from Credit Suisse, DBS Vickers and NRA Capital were also upbeat about its recently announced expansion into flexible printed circuit boards.
NRA Capital's Jacky Lee initated coverage with a 'Buy' call, noting that even though Hi-P's market cap is small relative to peers such as Venture or Flextronics, its ROE of 22% is the highest.
***MAP shares rose 1 cent to close at 23 cents today (Aug 12)
MAP TECHNOLOGY shot up 22.2% yesterday (Aug 11) to close at 22 cents.
The stock tumbled to as low as 13 cents during the July 20-Aug 7 period when Jurong Technologies dumped 73 million shares of MAP.
The cash raised will come in handy for Jurong Tech, which is under judicial management.
Since then, MAP stock has rocketed, especially in the last few sessions. What does James Lim, a tech analyst, have to say?
What are the top buys of his colleague, Terence Wong, at DMG Research? Click here to read more.
Personal glimpses of Sunpower's professor-chairman
Written by Sim Kih
Tuesday, 11 August 2009
Prof Guo Hongxin is China's heat transfer expert. Photo by Sim Kih
***Sunpower stock rose 3 cents (+15.4%) to close at 22.5 cents today (Aug 11).
IT IS UNHEARD of in China not to clean up one’s factory premises the day prior to an anticipated visit by outsiders, said Sunpower Group’s executive chairman, Prof Guo Hongxin.
But in Sunpower, best practices on safety and cleanliness are a daily affair, as opposed to the spitting and littering of cigarette butts commonplace in many Chinese factories.
Most enterprises in China are no older than its history of capitalism, but Prof Guo’s management philosophy is to build a business that will flourish beyond his lifetime.
Robert Stone reaps the rewards of 3 decades of investing
Monday, 10 August 2009
Robert Stone has stakes in a number of SGX-listed companies.
CANADA-BORN Robert Stone has lived in Singapore for nearly 30 years.
This is how he invests: “Generally I won’t make more than a small initial investment in a company without meeting the management and usually visiting the facilities of the company. If for any reason the management makes me feel that they are not trustworthy or unconcerned for the interests of minority shareholders, that will terminate any interest I had in that company,” he said.
“When I haven’t done this, I’ve usually lived to regret it.”
Find out more about this investor who chalked up an amazing compounded gain of 29.6% a year in the last 11 years. Click here.
Capital spending in China is back!
Written by Sim Kih
Sunday, 09 August 2009
'Lower labor costs allow us to deliver in half the time that an European competitor takes,' said Prof Guo. Photo by Leong Chan Teik.
CAPITAL SPENDING in China is picking up, said Prof Guo Hongxin, the executive chairman of Sunpower, a niche player in high-end pressure vessels and heat pipes for heavy industries.
Just this month, Sunpower clinched another Rmb 65.9-million contract from China's state-owned mining and energy behemoth, Shenhua.
Sunpower's chairman is a heat transfer expert from China, and was in Singapore last week for Sunpower's 1H09 results briefing. Read what the management shared here.
IR to play key role in success of Shenzhen GEM
Saturday, 08 August 2009
Forum in Shenzhen ahead of the launch of GEM, the equivalent of Nasdaq. Photo by Andrew van Buren
MARKET WATCHERS and brokers at a recent gathering may have not been of one mind on the mission and makeup of the Shenzhen GEM board which is slated for official launch on October 1 of this year.
But from the cacophony of heartfelt and highly researched opinions heard at the China Growth Enterprise Market Listing and Private Equity Forum here in Shenzhen, at least one consensus was achieved.
For the Shenzhen GEM to succeed, the new capital raising platform which many are comparing to the Nasdaq must operate within an environment of enhanced transparency, and investor relations firms like Financial PR will play a key role in effecting this desired outcome. Click here to read more.
YANGZIJIANG: What analysts now say....
Friday, 07 August 2009
July 09: New vessel about to be launched at Yangzijiang shipyard. Photo by Romil Singh
DEUTSCHE BANK maintained its ‘sell’ rating on Yangzijiang yesterday (Aug 6), saying its valuation is high vis-a-vis its growth prospects.
Still, the stock shot up 9 cents to close at $1.03.
L-R: Yangzijiang CFO Liu Hua; executive chairman Ren Yuanlin; and Financial PR managing director Kathy Zhang at Yangzijiang's results briefing at Fullerton Hotel yesterday. Photo by Sim Kih
YANGZIJIANG’S STOCK PRICE climbed 5 cents (5.6%) to close at 94.5 cents yesterday after it announced 2Q09 net earnings surged 80% to reach Rmb 607.4 million.
Investors responded favorably to its results in a market day when the Straits Times Index slipped 1.6%. The management met investors to explain how Yangzijiang intends to defend its margins and maintain stable earnings growth. Read about the discussion:YANGZIJIANG: 2Q09 net earnings up 80% yoy at Rmb 607.4 million
CHINA SUNSINE: "Don't worry, here's where our RMB 286 m cash is"
Wednesday, 05 August 2009
L-R: Koh Choon Kong, CFO, China Sunsine, with Roger Tan, VP, SIAS Research. Photo by Leong Chan Teik
CHINA SUNSINE’S cash hoard of RMB286 million is for real – and its Chief Financial Officer, Koh Choon Kong, seizes opportunities to portray the good level of corporate governance and trustworthiness of the management.
Just recently, when Mr Koh was in China with two independent directors of the company for a board meeting, he took them to the banks to show evidence of the company’s cash hoard.
And that’s what he told SIAS Research members last night (Aug 4) at a meeting. For more, click here.
CHINA ZAINO, HLA, SINOTEL: What analysts now say ...
Wednesday, 05 August 2009
Recent price
Target price
Core PE CY09
Core PE CY10
3-year EPS CAGR (%)
Price/Bk Value CY09
Dividend yield (%) CY09
China Zaino
$0.26
$0.37
3.3
2.9
0.6
0.8
6.0
Hong Leong Asia
$1.72
$1.92
6.7
5.8
47.6
1.0
1.7
IN CIMB-GK’s S-chip strategy report yesterday, China Zaino and Hong Leong Asia emerged as the research house’s top picks.
The above table highlights the attractive valuations as described by CIMB-GK. Another S-chip, Sinotel Technologies, was the subject of another glowing broker report (by Phillip Securities). Read more here.
Long-awaited tech sector recovery?
Written by Sim Kih
Wednesday, 05 August 2009
Will Windows 7 spark the next PC upgrade cycle?
TECH SECTOR insiders are saying that the next PC upgrade cycle is at hand, driven by Windows 7, which Microsoft will launch on 22 Oct.
The belief is reinforced by this fact:
Personal computers normally last only 3-4 years, but a widespread PC upgrade has not happened in several years.
SGX, China Sunsine, S-REITS: What analysts now say....
Tuesday, 04 August 2009
SGX closed at $8.76 yesterday. Photo by Sim Kih
The Singapore Exchange, a monopoly here, can potentially fly to $10, according to JP Morgan.
China Sunsine, a global player in its industry, is worth 41 cents.
And S-REITS - benefiting from a return of speculative fever in the property market - are now lovable investments as they are showered with financing gushing out of previously choked pipes.
Well, analysts are turning bullish on those stocks. For more, click here.
Countdown to GEM Board launch: An underwriter’s view
Tuesday, 04 August 2009
Zhang Yuzhong, GM, Sinolink Securities.
SHANGHAI-LISTED SINOLINK Securities Company Ltd is very upbeat on the soon-to-be-launched GEM Board, which is expected to raise its curtain in Shenzhen this October 1.
In an exclusive interview with NextInsight, Sinolink’s Shenzhen-based general manager Mr. Zhang Yuzhong said that the new capital raising platform, which is targeting innovative Chinese SMEs in need of funding, is just what the doctor ordered to bring order, stability and competitiveness to China’s capital markets.
Sinolink Securities, which last year won regulatory approval to trade shares on the stock market via a back-door listing, joins a group of domestic brokers -- including Haitong Securities Co, Guoyuan Securities Co, Northeast Securities Co and Changjiang Securities – able to tap public funds for growth.
FION PHUA, Tee Up Marketing Enterprises (HP: 9760-5080)
Dear advertisers...
