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NextInsight :: SGX Stocks |
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Subject :Re:Re:Re:Re:Qingmei..
17-05-2012
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| peterlynch |
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| Senior Boarder |
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Joined: 19-04-2012
Posts: 63
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by the way, the conference call report was not written by me, but by Mystique from Valuebuddies. i just copy and paste last night in a hurry, without citing source. sorry. |
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Subject :Re:Re:Re:Qingmei..
17-05-2012
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| gangho |
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| Fresh Boarder |
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Joined: 06-09-2011
Posts: 18
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price likely to edge up over next 2 months, waiting for final qtr report. Since it has accumulated net profit of more than 5cts for last 3 qtrs, shareholders shd ask for at least 2cts, based on 40% payout. |
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Subject :Re:Re:Qingmei..
17-05-2012
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| peterlynch |
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| Senior Boarder |
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Joined: 19-04-2012
Posts: 63
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the price has certainly stablised over the last 1 week or so. it must have bottomed out. The institutional selling by Hunter Hall must have stopped. There is money to be made in shoe sole manufacturing. I would like to accumulate (not average down) around 7 cents. This is a sepcial situation where the brave and mentally strong investors (with a bit of faith in management) can make huge profits. At 7.2 cents, Qingmei is potentially a 2 bagger, at least. |
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Subject :Re:Qingmei..
17-05-2012
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Subject :Re:Re:Re:Qingmei..
17-05-2012
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| yang |
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| Junior Boarder |
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Joined: 20-04-2012
Posts: 31
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Thanks Peter to share the info here. I wanted to join but I have no conference call number.
Do not share too much comments here. I think some traders will take advantage of your sharing info.
Invest it for middle/long time and do not put too much money on one share. |
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Subject :Re:Re:Qingmei..
16-05-2012
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| peterlynch |
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| Senior Boarder |
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Joined: 19-04-2012
Posts: 63
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onference call with CFO
Just got over with a conference call with Mr. Jackson Tso, CFO of Qingmei Group Holdings. This call was coordinated by Ms. Wrisney Tan from August Consulting (Qingmei's PR firm). Interestingly I was the only one on the conference call. Please find detailed below the gist of the call:
Q: What happened to turnover in 3Q2012 with revenues falling by 54.6% as compared to 3Q11.
A: They had come out with a profit warning prior to the results release. Apparently shoe manufacturers had overstocked on shoe soles in previous quarters and with a slowdown in demand for shoes, that led to a drastic reduction in orders for Qingmei. Jackson estimates that 3Q12 was the low point as far as Qingmei is concerned and things can only look up from here. We can only wait and see...
Q: What is the outlook for 4Q12?
A: Should be better than 3Q12. However the slowdown in demand will will last for about six months till the overstocking situation at the shoe manufacturers end gets sorted out and we see demand turning more normal.
Q: What is the outlook for FY2013?
A: At this point of time they would not like to make any projections.
Q: Who is involved in the massive volumes on the stock that we have recently seen?
A: They have no idea.
Q: Have any clients stopped doing business completely with Qingmei leading to the massive drop in revenues?
A: Qingmei still has all their customers intact. It's just that due to reasons mentioned above the orders across the board for all companies in the shoe manufacturing business has gone down drastically.
IN FACT I WOULD APPRECIATE IF ANY FORUM MEMBERS COULD ANALYSE RESULTS OF SHOE / SHOE SOLE MANUFACTURING COMPANIES IN THE PRC AND SEE IF THIS IS A GENERIC TREND ACROSS THE BOARD.
Q: What has happened to the website development for Qingmei. I had raised this question during the AGM last year and was told that the website would be up by Dec 2011. However we have seen nothing so far. I tried to make Jackson and Wrisney appreciate the fact that for a relatively large company to have no website in today's times is quiet odd and would be a definite putdown for potential investors.
A: The website will be up and running in June 2012.
(GUESS WE WILL AGAIN NEED TO WAIT AND WATCH...)
Q: Considering that the net cash hoard with the company is now around S$94 million I wanted to know about their plans for dividend payouts in 2012. Also seeing turnover down so drastically their working capital needs should also have come down quiet a bit.
A: The board will take a decision on this at the right time. Jackson assured me that he will put forward shareholder views to the board. |
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Subject :Re:Qingmei..
13-05-2012
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| yang |
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| Junior Boarder |
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Joined: 20-04-2012
Posts: 31
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China acts to boost loans, bolster flagging economy
http://www.reuters.com/article/2012/05/12/us-china-economy-rrr-idUSBRE84B06I20120512?feedType=RSS&feedName=topNews&rpc=71
http://roll.sohu.com/20120513/n343037866.shtml
股市:A股明日高开上扬无悬念
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Subject :Re:Qingmei..
11-05-2012
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| yang |
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| Junior Boarder |
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Joined: 20-04-2012
Posts: 31
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Good news. Within 20 mins, there are about 20M share transfered. It seems that someone bought at lower price and quite already. The price is almost not affected.
If this happened in one week ago, the price dropped 20%.
I will not quite unless 100% profit. |
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Last Edited On: 11-05-2012 By yang for the Reason changing words |
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Subject :Re:Qingmei..
10-05-2012
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| yang |
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| Junior Boarder |
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Joined: 20-04-2012
Posts: 31
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Cash per share is about S$0.15 (calculated using S$0.09/share). Mr. Su should promise to the share holder that each year, at least S0.01/share will be distributed to the share holder.
Share holders, please focus on asking cash of QM during conference call. Other things are not so important. They are expert of manufacturing, they will do their best.
If cash is true, the stock price will increase to S$0.15/share shortly. Still not calculate their property and land. Property is not cheap in China. |
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Last Edited On: 10-05-2012 By admin for the Reason |
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Subject :Re:Re:Re:Re:Re:Qingmei..
10-05-2012
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| peterlynch |
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| Senior Boarder |
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Joined: 19-04-2012
Posts: 63
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I mean 21% increase. hope some of u bought it at 7.3 cents |
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Subject :Re:Re:Re:Re:Qingmei..
10-05-2012
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| peterlynch |
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| Senior Boarder |
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Joined: 19-04-2012
Posts: 63
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wow, 2.1 cents increase in a day. now at 8.9 cents. hope this is an indication of trust in Singmei and hopeful, there will be more upside after the conference call |
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Subject :Re:Re:Re:Qingmei..
10-05-2012
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| peterlynch |
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| Senior Boarder |
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Joined: 19-04-2012
Posts: 63
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confirmed |
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Subject :Re:Re:Qingmei..
10-05-2012
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| peterlynch |
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| Senior Boarder |
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Joined: 19-04-2012
Posts: 63
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Hi Guys, QingMei's representative in Singapore conformed that there will a conference call on the 15th, next Wed. This is to allow management to answer shareholders' concern. anyone interested? Admin, are you interested? |
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Subject :Re:Qingmei..
10-05-2012
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| cheongwee |
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| Gold Boarder |
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Joined: 30-10-2008
Posts: 240
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Base on it recent report, i believe this one will be play from now on. I jump on the wagon at 8.5
was q to buy at 8.3 but decide to chase.
i suggest you take a lok, no a call. |
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Subject :Re:Qingmei..
10-05-2012
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| cheongwee |
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| Gold Boarder |
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Joined: 30-10-2008
Posts: 240
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I hope by Tuesday, the sun will shine through, for all to enjoy your labour.
your investment will grow.
i think so, i believe so, i put faith in it.
have a stop, as there are no gurantee, otherwise i will not be here. |
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Subject :Re:Re:Re:Qingmei..
10-05-2012
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| cheongwee |
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| Gold Boarder |
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Joined: 30-10-2008
Posts: 240
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I amm on q to buy at 8.3 now.
i dont think it is over.
[relaxing 10-05-2012]:
I was surprised this stock did a record 95m in one day last week. Do you think the BB have closed their position or still holding some?
[cheongwee 09-05-2012]:
A stock is only good if it nake u money.
This one did, i sold at 8.7 bought 7.5, but it is a one nite stand.
hope BB come and play again.
by the way, what is the coy making, shoes???
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Subject :Re:Re:Re:Qingmei..
10-05-2012
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| cheongwee |
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| Gold Boarder |
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Joined: 30-10-2008
Posts: 240
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I amm on q to buy at 8.3 now.
i dont think it is over.
[relaxing 10-05-2012]:
I was surprised this stock did a record 95m in one day last week. Do you think the BB have closed their position or still holding some?
[cheongwee 09-05-2012]:
A stock is only good if it nake u money.
This one did, i sold at 8.7 bought 7.5, but it is a one nite stand.
hope BB come and play again.
by the way, what is the coy making, shoes???
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Subject :Re:Qingmei..
10-05-2012
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| yang |
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| Junior Boarder |
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Joined: 20-04-2012
Posts: 31
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For business like QM, they produce parts of shoes for other companies. It is easy for them to keep profitable (at least make even).
For purely manufacturing, the cost is man power, China man power is still cheap. If there is no order, then no need to get many workers. From the report, actually, the man power cost is not much.
For business with brand, they MUSt keep spending money. Eg, they need to rent shops etc everywhere, they have consistence high cost.
I believe that China still will be the manufacturing place in the next 10 years for the world. There are many poor people and this will not be changed in the future.
The whole China development is based on the man power of the poor people. It is a shame. But is the truth.
Furthermore, olympic game will be a good reason for more business. Only in China, I think 80% of schools, universities will organize kinds of sport events in the next few months. I am quite confident that they will have much better result in the final year report.
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Last Edited On: 10-05-2012 By yang for the Reason adding words |
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Subject :Re:Re:Qingmei..
10-05-2012
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| relaxing |
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| Expert Boarder |
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Joined: 08-06-2011
Posts: 128
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I was surprised this stock did a record 95m in one day last week. Do you think the BB have closed their position or still holding some?
[cheongwee 09-05-2012]:
A stock is only good if it nake u money.
This one did, i sold at 8.7 bought 7.5, but it is a one nite stand.
hope BB come and play again.
by the way, what is the coy making, shoes???
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Subject :Re:Qingmei..
09-05-2012
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