Re:Sinotel Technolog... by neontet12th, Mar. 06:48 PM Very reassuring to know that Sinotel is getting higher in the val...
Re:Hotung by sgmarket12th, Mar. 05:27 PM Ah... just announced that one of its directors have bought 3milli...
Re:Design Studio - e... by newbie12312th, Mar. 04:15 PM Think like Design Studio and Kingsmen Creative have rested too lo...
Re:Hotung by sgmarket12th, Mar. 03:25 PM 1. Shares trading at steep discount of 0.55 P/BV
2. Announced di...
Re:Hiap Hoe by sumer12th, Mar. 02:21 PM Hiap Hoe went ex-bonus yesterday. The theoretical ex-bonus price ...
FORELAND widens margins with new fabric types
Written by Sim Kih
Tuesday, 15 January 2008
CHINA’S TEXTILE industry is entering a new era in 2008, according to industry insiders who are also expecting the nation to emerge as a net textile importer this year.
With newfound spending power, Chinese consumers are now more apt to pay for anti-radiation, dri-touch, anti-combustion, high color-fastness and other hi-tech apparel.
As a result, synthetic fiber players such as C&G, China Sky, Fiberchem, Foreland and Hongwei are ringing up net margins of close to 20% or more.
China Sky
Fiberchem
Hongwei
Foreland
C&G
Market Cap
S$1.3bln
S$921mln
S$67.5mln
S$240mln
S$180mln
Net margins
27%
26%
21%
24%
19%
ROE
33%
35%
32%
23%
39%
PE
11.3
9.5
6
16.2
5.6
To maintain margins, they are moving up the value chain, constantly touting newer and more desirable functions in their synthetic fibers.
NICO STEEL & LINAIR: Busily expanding their business pies
Monday, 14 January 2008
Nico Steel's sales & marketing director, Steven Tang, explaining the metal-shearing process.
NICO STEEL is a leading metallurgical service center serving a host of industries including hard disk drive, telecommunications, consumer electronics and automotive.
It is a beneficiary of rising laptop sales and the impending launch of the 3G-phone network in China.
Nico Steel recently was awarded a licence for electroplating processes, a prized asset as China is tightening up on the issue of licences to combat the pollution of rivers by factories that employ electroplating processes.
Financial PR organized a trip for analysts and fund managers to Nico Steel’s operations in Suzhou recently.
Located in the same city is Linair, which has businesses relating to air ducts, biodiesel and engineering. Linair sees itself entering a new era of growth.
OSK-DMG has an outperform call on China's agricultural sector.
OSK-DMG believes technology could prove to be a sleeper hit toward end 2008, and it figures that China's agriculture sector can outperform the market.
It also has overweight ratings on the offshore & marine sector and China's consumer sector.
CIMB-GK has an overweight rating on offshore & marine too. Three other sectors which are similarly rated are resources, transport and telecommunications.
Which are the most-favored stocks of the two brokers?
STOCK MARKETS have been volatile in the first few days of the new year, but that’s not to say there are few good picks for the longer term.
DBS Vickers has price targets of as high as 90-plus per cent for some stocks while UOB Kayhian, around 50 per cent.
For example, Ferrochina is said to be worth $3.38 versus its recent price of $1.76. We feature the two brokers’s calls today and those of selected brokers next week.
Mumbai-born oil tycoon pursues his dream from Singapore
Wednesday, 02 January 2008
A millionaire by the age of 31, Chandran is a vegetarian who loves wine - and walking shoeless in the office.
Jan 7 update: Sadly, Robert Chandran has died in a helicopter crash in Indonesia.
ROBERT CHANDRAN, 57, was born in Mumbai, and immigrated to California when he was around 26.
He made a fortune in US real estate and built the largest supplier of marine fuel in the US.
He made Singapore his home in 2005 and became a Singapore citizen.
The following year, he listed his company, Chemoil Energy, on the Singapore Exchange.
Chandran made it to Forbes magazine’s list in 2007 of Singapore’s 40 richest people based on his 46% Chemoil stake being worth more than US$490 million then.
His stock has fallen since - to US$0.49 from as high as US$0.965. But that has only set him on a buying spree of the shares, amounting to about 32.5 million shares in the last six weeks.
Executive chairman Zang Ligen is taking China Wheel to new heights on China's auto boom. Photo by Gabriel Tan/ Financial PR
JAPANESE CLOCKWORK efficiency is the impression visitors get after a visit to China Wheel's plant in Baoding.
At net margins above 10%, the Chinese aluminum alloy wheel maker boasts one of the most efficient operations in the industry. A check on its other financials confirm the rosy picture:
Net profit CAGR of 100% over the past 4 years
High ROE of 34%
Fat cash pile of S$18 million
Rapid industry growth projected at 30% p.a.
10% market share
China Wheel was founded by Zang Ligen in 1995, after he spent 10 years smelting aluminum alloy.
Who is this visionary, who brings technology and operational procedures from the most technologically advanced nations to his factory?
Tat Hong's net profit for the half year to 30 Sept was $46.2 million, up 112%.
MY BIGGEST success in recent years with SGX-listed stocks is Jardine Cycle & Carriage which I first purchased in December 2003 at $5.90.
Recently, it traded at S$21.80.
Why does the earnings growth potential of Jardine Cycle & Carriage look so great to me? Why lately has it been increasingly accumulated by institutions?
A more recent stock purchase of mine is Tat Hong, Asia-Pacific’s largest crane operator. The demand for cranes is soaring in Singapore, Australia, Middle East, China, the rest of Asia and elsewhere.
In my portfolio also are two high-risk high-return stocks: Sino Environment and China Oilfields. What do I see in them?
What stocks do I love less than before? SIA Engineering, which was among my top 3 favourites in 2006. Why have I scaled down my holding of the stock?
Starting in a few days: rules on greenhouse gas emissions
Written by Sim Kih
Tuesday, 25 December 2007
Fossil fuel use is raising atmospheric levels of greenhouse gases, which trap infrared radiation and raises the planet's temperatures by up to 30 degrees Celcius.
LEGALLY BINDING commitments by industrialized nations to limit greenhouse gas emission under the Kyoto Protocol take effect on 1 Jan 2008.
A Singapore-listed company, Oculus, is in the midst of a reverse takeover of Singapore-based Aretae, which manages over 30 greenhouse gas reduction projects in the region.
Over 50 million carbon credits are likely to be generated by Aretae’s projects over the next 7-10 years.
What legal framework governs this nascent industry? Who are the buyers and sellers of carbon credits?
KINGSMEN CREATIVES: China, India and Mid-east business to boost growth
Written by Sim Kih
Friday, 21 December 2007
Banana Republic is a repeat customer of Kingsmen.
EVER WONDERED how the interior design decor in retail shops, museums and exhibitions have become more cool and grander over the years?
Retailers for top brands such as Banana Republic, Guess and Nokia rely on SGX-listed interior designer and renovator Kingsmen Creatives to attract shoppers with trendy shopfront decor.
With MICE - Meetings, Incentive Travel, Conventions and Exhibitions - contributing over S$3 billion (over 30%) of Singapore’s tourism receipts in 2005, Kingsmen's exhibition booths play a key supporting role in driving the tourism sector.
The company is expanding with recent acquisitions in India, Middle East and the Greater China. Kim Eng Securities is predicting its net cash would hit about S$19 million in 2008.
STOCK MARKETS have been volatile in the first few days of the new year, but that’s not to say there are few good picks for the longer term.
