MacGyver Site Visit to China

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11 years 3 months ago #12591 by MacGyver
Chu Kong (560 HK)
I had the opportunity to visit a port in Guangdong operated by Chu Kong. The newly appointed CEO, Mr Huang was present to discuss with me and several investors on the industry outlook as well as the business operations.
The passenger ferry business seems to be doing well, despite the threat of a bridge being built along Zhuhai, Macau and Hong Kong. The cargo business is sheltered from the shipping crisis globally as they handle more intra-china transportation.
Chu Kong has recently started a new business in advertising media. This is a step away from their traditional business.
The Company is trading at a steep discount to its NAV at 2.10 HKD.
 
 

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11 years 3 months ago #12592 by MacGyver
I have bought almost 5m shares in Chu Kong over the past weeks.
I see little reason for its steep discount to the NAV.
Going by the Company track record, it is likely to see another M&A asset injection from the parent company in the coming 12 months.
That should be the catalyst to move the share price closer to its NTA.
 

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11 years 3 months ago #12613 by Morpheus
Bro Mac,
Thanks for the idea. Can i ask what your target price. do u think the company will give dividends. i look at the share price, like have gone up a bit now. are u the one buying up?
 
 

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  • LimPeter
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11 years 3 months ago #12614 by LimPeter
Replied by LimPeter on topic Re:MacGyver Site Visit to China
Shippings stocks all below NTA. There is nothing new.
look at nol... our national carrier is in deep shit. share price so low now.
why is chu kong trading at 52-week high?
crazy.

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  • Yanhe
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11 years 3 months ago #12618 by Yanhe
Replied by Yanhe on topic Re:MacGyver Site Visit to China
LimPeter, I concur with you. The profit margin of Chu Kong Shipping is too thin to interest me. It's a business that is under pressure from competition. If anyone wants to know more about CK, you can read this :   CHU KONG, ONE MEDIA Ink Strategic 20 Mln Hkd Ad Tieup  

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  • niubee
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11 years 3 months ago #12620 by niubee
Replied by niubee on topic Re:MacGyver Site Visit to China
What is the average profit margin for shipping industry ?

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